Financial Institutions, Inc. (FISI) Financial Statements (2024 and earlier)

Company Profile

Business Address 220 LIBERTY STREET
WARSAW, NY 14569
State of Incorp. NY
Fiscal Year End December 31
Industry (SIC) 6021 - National Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments160,978116,269126,985145,477140,574104,556
Cash and cash equivalents142,62279,11295,137114,792105,877104,556
Short-term investments 18,35637,15731,84830,68534,697 
Total current assets:160,978116,269126,985145,477140,574104,556
Noncurrent Assets
Operating lease, right-of-use asset31,12022,07019,95621,363
Property, plant and equipment41,98640,11140,61041,42442,83945,189
Intangible assets, net (including goodwill)73,41474,40073,78974,92376,17374,703
Goodwill67,07167,07166,06266,06266,06265,840
Intangible assets, net (excluding goodwill)6,3437,3297,7278,86110,1118,863
Regulated entity, other noncurrent assets7781,0891,377727798869
Total noncurrent assets:147,298137,670135,732138,437119,810120,761
Other undisclosed assets5,488,9965,266,8404,649,5894,100,2644,051,3143,879,893
TOTAL ASSETS:5,797,2725,520,7794,912,3064,384,1784,311,6984,105,210
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt205,00030,0005,300275,500469,500446,200
Total current liabilities:205,00030,0005,300275,500469,500446,200
Noncurrent Liabilities
Other undisclosed liabilities5,186,6674,985,6374,438,6433,669,7313,445,9053,277,833
Total liabilities:5,391,6675,015,6374,443,9433,945,2313,915,4053,724,033
Equity
Equity, attributable to parent405,605505,142468,363438,947396,293381,177
Preferred stock17,29217,29217,32817,32817,32817,329
Common stock161161161161161161
Treasury stock, value(22,337)(9,216)(1,222)(1,975)(2,486)(2,533)
Additional paid in capital126,636126,105125,118124,582122,704121,058
Accumulated other comprehensive income (loss)(137,487)(13,207)2,128(14,513)(21,281)(11,916)
Retained earnings421,340384,007324,850313,364279,867257,078
Total equity:405,605505,142468,363438,947396,293381,177
TOTAL LIABILITIES AND EQUITY:5,797,2725,520,7794,912,3064,384,1784,311,6984,105,210

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues183,539162,520156,913160,412139,622121,852
Net investment income170,819147,898143,520149,873130,703106,282
Cost of revenue (258)(378)(27,184)(242)(267)(318)
Provision for loan, lease, and other losses   (27,184)  
Amortization of mortgage servicing rights (msrs) (258)(378) (242)(267)(318)
Other undisclosed gross profit      
Gross profit:183,281162,142129,729160,170139,355121,534
Operating expenses(43,924)(38,161)(37,763)(34,543)(34,286)(79,698)
Other operating income, net
(Noninterest Income, Other Operating Income)
4,6784,2464,2505,2585,0255,045
Operating income:144,035128,22796,216130,885110,09446,881
Nonoperating income
(Bank Owned Life Insurance Income)
5,5422,9471,9021,7581,7931,781
Interest and debt expense(28,735)(12,475)(22,314)(38,888)(29,868)(17,495)
Income from continuing operations before equity method investments, income taxes:120,842118,69975,80493,75582,01931,167
Other undisclosed income (loss) from continuing operations before income taxes(49,872)(21,477)(30,081)(34,334)(32,487)12,304
Income from continuing operations before income taxes:70,97097,22245,72359,42149,53243,471
Income tax expense(14,397)(19,525)(7,391)(10,559)(10,006)(9,945)
Income from continuing operations:56,57377,69738,33248,86239,52633,526
Income before gain (loss) on sale of properties:77,69738,33248,86239,52633,526
Net income attributable to parent:56,57377,69738,33248,86239,52633,526
Preferred stock dividends and other adjustments(1,459)(1,460)(1,461)(1,461)(1,461)(1,462)
Net income available to common stockholders, diluted:55,11476,23736,87147,40138,06532,064

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:56,57377,69738,33248,86239,52633,526
Other comprehensive income (loss)(124,280)(15,335)16,6419,551(9,365)2,035
Comprehensive income (loss), net of tax, attributable to parent:(67,707)62,36254,97358,41330,16135,561

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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