Financial Institutions, Inc. (FISI)

Financial Institutions Income Statement

Financials in millions USD. Fiscal year is January - December.

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	208.19	200.28	200.33	209.97	154.98	162.25
Revenue Growth (YoY)	3.94%	-0.03%	-4.59%	35.49%	-4.48%	7.87%
Gross Profit	208.19	200.28	200.33	209.97	154.98	162.25
Selling, General & Admin	116.62	115.86	111.92	99.38	95.55	90.9
Other Operating Expenses	40.95	21.37	17.44	13.37	13.71	11.93
Operating Expenses	157.58	137.23	129.36	112.75	109.25	102.83
Operating Income	50.62	63.05	70.97	97.22	45.72	59.42
Pretax Income	50.62	63.05	70.97	97.22	45.72	59.42
Income Tax	10.37	12.79	14.4	19.53	7.39	10.56
Net Income	40.25	50.26	56.57	77.7	38.33	48.86
Preferred Dividends	1.46	1.46	1.46	1.46	1.46	1.46
Net Income Common	38.79	48.81	55.11	76.24	36.87	47.4
Net Income Growth	-25.73%	-11.45%	-27.71%	106.77%	-22.21%	24.53%
Shares Outstanding (Basic)	15	15	15	16	16	16
Shares Outstanding (Diluted)	-	15	15	16	16	16
Shares Change	0.22%	0.03%	-2.92%	-0.78%	0.20%	0.47%
EPS (Basic)	2.52	3.17	3.58	4.81	2.30	2.97
EPS (Diluted)	2.50	3.15	3.56	4.78	2.30	2.96
EPS Growth	-26.25%	-11.52%	-25.52%	107.83%	-22.30%	23.85%
Free Cash Flow	13.3	7.9	125.2	63.56	39.19	54.07
Free Cash Flow Per Share	0.86	0.51	8.14	4.01	2.45	3.38
Dividend Per Share	1.200	1.200	1.160	1.080	1.040	1.000
Dividend Growth	2.56%	3.45%	7.41%	3.85%	4.00%	4.17%
Gross Margin	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Operating Margin	24.31%	31.48%	35.43%	46.30%	29.50%	36.62%
Profit Margin	18.63%	24.37%	27.51%	36.31%	23.79%	29.21%
Free Cash Flow Margin	6.39%	3.95%	62.50%	30.27%	25.29%	33.33%
Effective Tax Rate	20.49%	20.28%	20.29%	20.08%	16.16%	17.77%
EBITDA	58.67	71.14	79.08	105.27	53.62	67.63
EBITDA Margin	28.18%	35.52%	39.48%	50.14%	34.60%	41.69%
Depreciation & Amortization	8.05	8.09	8.11	8.05	7.89	8.21
EBIT	50.62	63.05	70.97	97.22	45.72	59.42
EBIT Margin	24.31%	31.48%	35.43%	46.30%	29.50%	36.62%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).