Financial Institutions, Inc. (FISI) financial statements (2020 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments14514110576645860
Cash and cash equivalents11510610576645860
Short-term investments3135     
Disposal group, including discontinued operation    1  
Total current assets:14514110576655860
Noncurrent Assets
Operating lease, right-of-use asset21
Property, plant and equipment41434542393636
Intangible assets, net (including goodwill), including:75767576676950
Goodwill66666666606149
Intangible assets, net (excluding goodwill)9109977 
Other undisclosed intangible assets, net (including goodwill)      1
Regulated entity, other noncurrent assets11111  
Total noncurrent assets:13812012111910710586
Other undisclosed assets4,1004,0513,8803,5163,2082,9262,783
TOTAL ASSETS:4,3844,3124,1053,7103,3813,0902,929
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt276470446332293335337
Total current liabilities:276470446332293335337
Noncurrent Liabilities
Other undisclosed liabilities3,6703,4463,2783,0592,7942,4752,337
Total liabilities:3,9453,9153,7243,3903,0872,8102,674
Stockholders' equity
Stockholders' equity attributable to parent439396381320294280255
Preferred stock17171717171717
Common stock0000000
Treasury stock, value(2)(2)(3)(3)(4)(5)(6)
Additional paid in capital12512312182737368
Accumulated other comprehensive loss(15)(21)(12)(14)(11)(9)(10)
Retained earnings313280257238219203186
Total stockholders' equity:439396381320294280255
TOTAL LIABILITIES AND EQUITY:4,3844,3124,1053,7103,3813,0902,929

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues160140122108961 
Net investment income1501311069284  
Financial services revenue1616131 
Cost of revenue(0)(0)(0)(0) (8)(9)
Amortization of mortgage servicing rights (msrs)(0)(0)(0)(0) (0)(0)
Financial services costs   (8)(9)
Gross profit:16013912210896(7)(9)
Operating expenses(35)(34)(80)(73)(68)(46)(45)
Other operating income, net
(Noninterest Income, Other Operating Income)
5554534
Operating income (loss):131110473933(50)(50)
Nonoperating income
(Bank Owned Life Insurance Income)
2223222
Interest and debt expense(39)(30)(17)(13)(10)(7)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes     9493
Income from continuing operations before equity method investments, income taxes:94823130253938
Other undisclosed income (loss) from continuing operations before income taxes(34)(32)121514  
Income from continuing operations before income taxes:59504344393938
Income tax expense(11)(10)(10)(12)(11)(10)(12)
Net income attributable to parent:49403432282926
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)  
Other undisclosed net loss available to common stockholders, basic     (1)(1)
Net income available to common stockholders, diluted:47383230272824

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income:49403432282926
Other comprehensive income (loss)10(9)2(3)(2)1(13)
Comprehensive income, net of tax, attributable to parent:58303629263112

Statements sources

The financial statements are based on the company's filings with the 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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