FISI
Financial Institutions, Inc.32.27
-0.13-0.4%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Reaffirms guidance, adds execution color
Q&A largely reaffirmed prepared guidance and results, adding color on execution without contradictions. Management detailed margin expansion starting post-January sub-debt retirement, holding steady even with a 25bps rate cut thanks to deposit repricing. Loan growth stays back-half loaded via commercial, with equal C&I and CRE weighting by percentage but more dollar growth in CRE amid a strong pipeline; indirect auto faces intentional runoff. Buybacks remain opportunistic within CET1 floor of 11%, bolstered by sub-debt proceeds. Analysts' margin, ROA, and deposit probes drew direct, confident responses emphasizing core deposit gains from treasury management. No surprises. Watch loan conversion and CET1 capacity.
Key Stats
Market Cap
649.61MP/E (TTM)
-Basic EPS (TTM)
-2.67Dividend Yield
0.04%Recent Filings
8-K
Director Boswell retires post-2026
Financial Institutions director Donald K. Boswell won't seek re-election at the 2026 annual meeting, retiring from both company and Five Star Bank boards after nine years. Effective post-meeting, his exit stems from pursuing outside interests. No disagreements with management or operations. Smooth board transition ahead.
10-K
FY2025 results
Financial Institutions swung to $74.9M net income in FY2025 ended December 31, 2025, up from a $41.6M loss in 2024 driven by a securities restructuring, with net interest income climbing 22% to $200M on a 67bps NIM expansion to 3.53% as the prior-year AFS repositioning boosted securities yields while loan growth offset volume shifts. Q4 repurchases totaled 336,869 shares under the new 5% program at $31.98 average, while $80M subordinated notes funded prior debt calls and buybacks, lifting total capital ratio to 14.90%. Non-performers fell to 0.77% of loans with $47.4M ACL coverage. Municipal deposits proved sticky at 21%. Geographic concentration risks local downturns.
8-K
Dividend hiked 3.2% to $0.32
Financial Institutions boosted its quarterly common stock dividend 3.2% to $0.32 per share, payable April 2 to March 13 record holders. It also declared $0.75 on Series A preferred and $2.12 on Series B-1 preferred. The hike signals strong 2025 profitability and balance sheet strength. Yield hits 3.7%; payout ratio 35%.
8-K
Q4 profit $20M, records set
Financial Institutions swung to Q4 net income of $20.0M ($0.96 diluted EPS) from last year's $82.8M loss, fueled by record $52.2M net interest income and 3.62% margin—up 71 bps YoY despite new debt drag. Full-year profit hit $74.9M on 4% loan growth to $4.66B and deposit stability at $5.21B; repurchased 1.7% of shares. Capital strengthened post-$80M notes issuance. Loans grew steadily.
8-K
Issues $80M notes, refinances debt
Financial Institutions issued $80M of 6.50% fixed-to-floating subordinated notes due 2035 on December 11, 2025, to institutional buyers in a private placement. Proceeds will redeem $65M of higher-rate notes (recently ~8.1-8.2%) due 2030, expected January 15, 2026, with the rest for general purposes—bolstering Tier 2 capital while cutting costs. Notes rank junior to senior debt. Prepayments need regulatory nod.
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