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Stock impact report

Financial Institutions, Inc. Announces Second Quarter Results

Financial Institutions, Inc. (FISI) 
Last financial institutions, inc. earnings: 4/30 04:05 pm Check Earnings Report
US:NASDAQ Investor Relations: snl.com/irw/corporateprofile/1016825
Company Research Source: GlobeNewswire
WARSAW, N.Y., July 29, 2019 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq:FISI) (the “Company”), parent company of Five Star Bank (the “Bank”), SDN Insurance Agency, LLC (“SDN”), Courier Capital, LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”),  today reported financial and operational results for the quarter ended June 30, 2019. Net income for the quarter was $11.4 million compared to $12.2 million for the second quarter of 2018. After preferred dividends, net income available to common shareholders was $11.0 million for the quarter, or $0.69 per diluted share, compared to $11.8 million, or $0.74 per diluted share, for the second quarter of 2018. Second quarter 2018 net income was favorably impacted by a low provision for loan losses of $40 thousand, the result of a combination of factors described in the Credit Quality section below. Pre-tax pre-provision income(1) for the quarter was $16.7 million compared to $15.2 million for the second quarter of 2 Show less Read more
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