Financial Institutions (FISI) Tops Q2 EPS by 18c

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Go back to Financial Institutions (FISI) Tops Q2 EPS by 18c

Financial Institutions, Inc. Announces Second Quarter 2023 Results

July 27, 2023 4:05 PM EDT

WARSAW, N.Y., July 27, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the Company, we or us), parent company of Five Star Bank (the Bank), SDN Insurance Agency, LLC (SDN) and Courier Capital, LLC (Courier Capital), today reported financial and operational results for the second quarter ended June 30, 2023.

Net income was $14.4 million for the second quarter of 2023, compared to $12.1 million in the first quarter of 2023 and $15.6 million in the second quarter of 2022. After preferred dividends, net income available to common shareholders was $14.0 million, or $0.91 per diluted share, in the second quarter of 2023, compared to... More