Financial Institutions Inc chart

Last update: 2022-12-30
Key statistics and financials
Revenue per share 13.29
Dividend & Yield1.16$ (4.66%)
Beta 0.92
Market capitalization 383.38M
Operating cash flow 150.92M
ESG Scores unknown

Company description

Financial Institutions, Inc. operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York. The company offers checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts. Its loan products include term loans and lines of credit; short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans to the agricultural industry; commercial mortgage loans; one-to-four family residential mortgage loans, home improvement loans, closed-end home equity loans, and home equity lines of credit; and consumer loans, such as automobile, secured installment, and personal loans. The company also provides personal insurance products, including automobile, homeowners, boat, recreational vehicle, landlord, and umbrella coverage; commercial insurance comprising property, liability, automobile, inland marine, workers compensation, bonds, crop, and umbrella insurance products; and financial services comprising life and disability insurance, medicare supplements, long-term care, annuities, mutual funds, and retirement programs. In addition, it offers customized investment advisory, wealth management, investment consulting, and retirement plan services, as well as operates a real estate investment trust that holds residential mortgages and commercial real estate loans. The company operates a network of 48 banking offices in Allegany, Cattaraugus, Cayuga, Chautauqua, Chemung, Erie, Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Schuyler, Steuben, Wayne, Wyoming, and Yates counties, New York. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.

Sector: Financial Services - Industry: Banks—Regional

Financial data

Diluted earning per share

Net income vs Operating income

Asset vs Liabilities

Similar Companies
no companies found

Financial Statements

Cashflow Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Change To Liabilities
Total Cashflows From Investing Activities -225.41M -24.73M -531.07M -633.42M
Net Borrowings 23.3M -194M -235.2M 24.7M
Total Cash From Financing Activities 163.83M -22.79M 468.55M 545.69M
Change To Operating Activities 16.44M -6.29M -26.92M -11.94M
Issuance Of Stock 320k
Net Income 39.53M 48.86M 38.33M 77.7M
Change In Cash 3.56M 10.19M -19.07M -14.77M
Effect Of Exchange Rate
Total Cash From Operating Activities 65.14M 57.71M 43.45M 72.96M
Depreciation 6.48M 8.21M 7.89M 8.05M
Change To Account Receivables
Other Cashflows From Financing Activities 156.73M 188.77M 721.91M 548.72M
Change To Netincome 2.69M 6.92M 24.15M -846k
Capital Expenditures -2.84M -3.64M -4.26M -9.4M

Income Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Research Development
Income Before Tax 49.53M 59.42M 45.72M 97.22M
Net Income 39.53M 48.86M 38.33M 77.7M
Selling General Administrative 86.63M 90.9M 95.3M 99.38M
Gross Profit 150.41M 162.25M 154.98M 209.97M
Ebit
Operating Income 55.11M 61.68M 50.83M 101.02M
Interest Expense
Income Tax Expense 10.01M 10.56M 7.39M 19.52M
Total Revenue 150.41M 162.25M 154.98M 209.97M
Cost Of Revenue
Total Other Income ExpenseNet -5.58M -2.25M -5.11M -3.79M
Net Income From Continuing Ops 39.53M 48.86M 38.33M 77.7M
Net Income Applicable To Common Shares 38.06M 47.4M 36.87M 76.24M

Balance Sheet Statement 2018-12-31 2019-12-31 2020-12-31 2021-12-31
Total Liabilities 3.92B 3.95B 4.44B 5.02B
Total Stockholder Equity 378.96M 421.62M 451.04M 487.85M
Other Current Liabilities
Total Assets 4.31B 4.38B 4.91B 5.52B
Common Stock 161k 161k 161k 161k
Other Current Assets 8.37M 21.92M 20.01M 24.9M
Retained Earnings 279.87M 313.36M 324.85M 384.01M
Treasury Stock -23.77M -16.49M 906k -22.42M
Cash 97.25M 106.55M 93.88M 79.11M
Total Current Liabilities 3.84B 3.84B 4.3B 4.87B
Other Stockholder Equity -21.28M -14.51M 2.13M -13.21M
Property, Plant, and Equipment 42.84M 62.79M 60.57M 62.18M
Total Current Assets 108.37M 135.67M 136.97M 120.51M
Net Tangible Assets 302.79M 346.7M 377.25M 413.45M
Net Receivables
Accounts Payable 3.37B 3.56B 4.28B 4.83B


Insider Transactions

Here are the insider transactions of stock shares related to Financial Institutions Inc:

Filer Name Transaction Text Ownership Date Filer Relation Shares
BIRMINGHAM MARTIN KEARNEYPurchase at price 23.43 per share.D2022-11-04Chief Executive Officer1k
HARTING BRUCE W.Stock Award(Grant) at price 0.00 per share.D2022-10-07Director942
HOLLIDAY SUSAN RStock Award(Grant) at price 0.00 per share.D2022-06-14Director1.13k
GULLO SAMUEL MStock Award(Grant) at price 0.00 per share.D2022-06-14Director1.13k
DORN ANDREW W JRStock Award(Grant) at price 0.00 per share.D2022-06-14Director1.13k
ZUPAN MARK AStock Award(Grant) at price 0.00 - 26.53 per share.D2022-06-14Director1.6k
LATELLA ROBERT NStock Award(Grant) at price 0.00 per share.D2022-06-14Director1.13k
BOSWELL DONALD KStock Award(Grant) at price 0.00 - 26.53 per share.D2022-06-14Director1.32k
GLASER ROBERT MStock Award(Grant) at price 0.00 - 26.53 per share.D2022-06-14Director2.35k
VANGELDER KIM EStock Award(Grant) at price 0.00 - 26.53 per share.D2022-06-14Director2.21k
BURLEW DAWN H.Stock Award(Grant) at price 0.00 - 26.53 per share.D2022-06-14Director1.78k
RIVEROS MAURICIO FStock Award(Grant) at price 0.00 - 26.53 per share.D2022-06-14Director1.36k
DUMBLETON SONIA MARIED2022-05-20Officer981
BURRUANO SAMUEL J JR.D2022-05-20Officer1.02k
PHILLIPS RANDALL RD2022-05-20Officer820
BIRMINGHAM MARTIN KEARNEYD2022-02-25Chief Executive Officer13.42k
WILLETT SEAN MD2022-02-25Officer2.8k
BIGHAM JUSTIN K.D2022-02-25Officer3.92k
BIGHAM JUSTIN K.D2021-12-17Officer2k
ZUPAN MARK AStock Award(Grant) at price 31.99 per share.D2021-12-16Director389
BOSWELL DONALD KStock Award(Grant) at price 31.99 per share.D2021-12-16Director312
VANGELDER KIM EStock Award(Grant) at price 31.99 per share.D2021-12-16Director897
BURLEW DAWN H.Stock Award(Grant) at price 31.99 per share.D2021-12-16Director539
RIVEROS MAURICIO FStock Award(Grant) at price 31.99 per share.D2021-12-16Director155
BURRUANO SAMUEL J JR.Purchase at price 29.45 per share.D2021-09-14Officer500
BIRMINGHAM MARTIN KEARNEYPurchase at price 30.94 per share.D2021-09-03Chief Executive Officer1k
PLANTS WILLIAM JACK IIPurchase at price 31.37 per share.I2021-09-01Chief Financial Officer637
HOLLIDAY SUSAN RStock Award(Grant) at price 0.00 per share.D2021-06-16Director935
GULLO SAMUEL MStock Award(Grant) at price 0.00 - 32.06 per share.D2021-06-16Director1.71k
DORN ANDREW W JRStock Award(Grant) at price 0.00 per share.D2021-06-16Director935
ZUPAN MARK AStock Award(Grant) at price 0.00 - 32.06 per share.D2021-06-16Director1.32k
LATELLA ROBERT NStock Award(Grant) at price 0.00 per share.D2021-06-16Director935
BOSWELL DONALD KStock Award(Grant) at price 0.00 per share.D2021-06-16Director935
GLASER ROBERT MStock Award(Grant) at price 0.00 - 32.06 per share.D2021-06-16Director1.95k
VANGELDER KIM EStock Award(Grant) at price 0.00 - 32.06 per share.D2021-06-16Director1.83k
BURLEW DAWN H.Stock Award(Grant) at price 0.00 - 32.06 per share.D2021-06-16Director1.38k
RIVEROS MAURICIO FStock Award(Grant) at price 0.00 - 32.06 per share.D2021-06-16Director1.09k
DORN ANDREW W JRPurchase at price 32.05 per share.D2021-05-03Director1.1k
DUMBLETON SONIA MARIED2021-02-26Officer600
BIRMINGHAM MARTIN KEARNEYD2021-02-26Chief Executive Officer4.52k
BURRUANO SAMUEL J JR.D2021-02-26Officer800
WILLETT SEAN MD2021-02-26Officer600
PHILLIPS RANDALL RD2021-02-26Officer400
GLASER ROBERT MStock Award(Grant) at price 23.04 per share.D2020-12-17Director1.3k
VANGELDER KIM EStock Award(Grant) at price 23.04 per share.D2020-12-17Director1.19k
BURLEW DAWN H.Stock Award(Grant) at price 23.04 per share.D2020-12-17Director542

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to Financial Institutions Inc. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on Financial Institutions Inc

Here is the result of two systematic investment strategies applied to Financial Institutions Inc. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on Financial Institutions Inc

The following chart shows the equity curve of the two systematic investment strategies applied to Financial Institutions Inc:

Financial Institutions Inc automated entries

The systematic investment strategy that buys the first day of the month would give a performance of 39.02% on the backtest period.

Performance at glance

Performance

39.02 %

Latent gain

694.81 $

Invested capital

1780.49 $

Annualized return

9.52 %
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Momentum strategy results on Financial Institutions Inc

This is the result of two momentum investment strategies applied to Financial Institutions Inc. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on Financial Institutions Inc

The following chart shows all the entries opened by the momentum investment system on Financial Institutions Inc:

Financial Institutions Inc momentum entries
  • The first momentum investment strategy would give 39.87% of return on Financial Institutions Inc. That represents 2393.11$ of latent gain with 6002.84$ of employed capital.
  • The second momentum investment strategy would give 43.33% of return on Financial Institutions Inc. That represents 1628.2$ of latent gain with 3757.25$ of employed capital.
Performance at glance (1Q Momentum)

Performance

39.87 %

Latent gain

2393.11 $

Invested capital

6002.84 $

Annualized return

16.87 %
Performance at glance (2Q Momentum)

Performance

43.33 %

Latent gain

1628.2 $

Invested capital

3757.25 $

Annualized return

11.97 %

Momentum equity curve on Financial Institutions Inc

The following chart shows the equity curve of the two momentum strategies applied to Financial Institutions Inc:

Financial Institutions Inc momentum equity

Note: the dividends potentially given by Financial Institutions Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Financial Institutions Inc

The following chart shows the employed capital evolution of the two momentum strategies on Financial Institutions Inc since the beginning:

Financial Institutions Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Buy the dip strategy result on Financial Institutions Inc

Buy the dip entry openings on Financial Institutions Inc

Financial Institutions Inc

The performance achieved by the robo-advisor on Financial Institutions Inc is 35.43%. That represents 175.02$ of latent gain with 493.98$ of employed capital. The following chart shows Financial Institutions Inc stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of Financial Institutions Inc, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

35.43 %

Latent gain

175.02 $

Invested capital

493.98 $

Annualized return

16.87 %

Equity curve of the strategy applied to Financial Institutions Inc

The following chart shows the result of the investment strategy applied to Financial Institutions Inc:

Financial Institutions Inc

Note: the dividends potentially given by Financial Institutions Inc are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on Financial Institutions Inc

The following chart shows the employed capital evolution since the beginning of the investment strategy on Financial Institutions Inc:

Financial Institutions Inc

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on Financial Institutions Inc

In this section, I will compare the three previous investment strategies applied to Financial Institutions Inc.

Equity curve comparison on Financial Institutions Inc

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

Financial Institutions Inc investment strategy comparison

Employed capital comparison on Financial Institutions Inc

Financial Institutions Inc investment comparison

Performance comparison on Financial Institutions Inc

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment 39.02% 694.81$ 1780.49$ 9.52%
Momentum 1 quarter 39.87% 2393.11$ 6002.84$ 10.33%
Momentum 2 quarters 43.33% 1628.2$ 3757.25$ 11.97%
Non-directional 35.43% 175.02$ 493.98$ 16.87%
Annualized return comparison

Automatic investment

9.52 %

Momentum 1Q

11.97 %

Momentum 2Q

11.97 %

Non-directional

16.87 %

Correlated stocks

Here are the most positively and negatively correlated stocks with Financial Institutions Inc:


Company information

Company name Financial Institutions Inc
Country United States
City Warsaw
Address 220 Liberty Street
Phone 585 786 1100
Website www.fiiwarsaw.com
FullTime employees 650
Industry Banks—Regional
Sector Financial Services
Exchange XNAS
Ticker FISI
Market www.nasdaq.com

Financial Institutions Inc ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown