Financial Institutions, Inc. (FISI) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments127145141105766458
Cash and cash equivalents95115106105766458
Short-term investments323135    
Disposal group, including discontinued operation     1 
Total current assets:127145141105766558
Noncurrent Assets
Operating lease, right-of-use asset2021
Property, plant and equipment41414345423936
Intangible assets, net (including goodwill)74757675766769
Goodwill66666666666061
Intangible assets, net (excluding goodwill)89109977
Regulated entity, other noncurrent assets111111 
Total noncurrent assets:136138120121119107105
Other undisclosed assets4,6504,1004,0513,8803,5163,2082,926
TOTAL ASSETS:4,9124,3844,3124,1053,7103,3813,090
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt5276470446332293335
Total current liabilities:5276470446332293335
Noncurrent Liabilities
Other undisclosed liabilities4,4393,6703,4463,2783,0592,7942,475
Total liabilities:4,4443,9453,9153,7243,3903,0872,810
Stockholders' equity
Stockholders' equity attributable to parent468439396381320294280
Preferred stock17171717171717
Common stock0000000
Treasury stock, value(1)(2)(2)(3)(3)(4)(5)
Additional paid in capital125125123121827373
Accumulated other comprehensive income (loss)2(15)(21)(12)(14)(11)(9)
Retained earnings325313280257238219203
Total stockholders' equity:468439396381320294280
TOTAL LIABILITIES AND EQUITY:4,9124,3844,3124,1053,7103,3813,090

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues157160140122108961
Net investment income1441501311069284 
Financial services revenue1616131
Cost of revenue(27)(0)(0)(0)(0) (8)
Provision for loan, lease, and other losses(27)  
Amortization of mortgage servicing rights (msrs) (0)(0)(0)(0) (0)
Financial services costs   (8)
Gross profit:13016013912210896(7)
Operating expenses(38)(35)(34)(80)(73)(68)(46)
Other operating income, net
(Noninterest Income, Other Operating Income)
4555453
Operating income (loss):96131110473933(50)
Nonoperating income
(Bank Owned Life Insurance Income)
2222322
Interest and debt expense(22)(39)(30)(17)(13)(10)(7)
Other undisclosed income from continuing operations before equity method investments, income taxes      94
Income from continuing operations before equity method investments, income taxes:76948231302539
Other undisclosed income (loss) from continuing operations before income taxes(30)(34)(32)121514 
Income from continuing operations before income taxes:46595043443939
Income tax expense(7)(11)(10)(10)(12)(11)(10)
Net income attributable to parent:38494034322829
Preferred stock dividends and other adjustments(1)(1)(1)(1)(1)(1) 
Other undisclosed net loss available to common stockholders, basic      (1)
Net income available to common stockholders, diluted:37473832302728

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:38494034322829
Other comprehensive income (loss)1710(9)2(3)(2)1
Comprehensive income, net of tax, attributable to parent:55583036292631

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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