Financial Institutions, Inc. (FISI)

Financial Institutions Income Statement

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

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	313.23	258.58	170.82	147.9	143.52
Interest Income on Investments	-	27.55	25.29	19.31	17.78
Total Interest Income	313.23	286.13	196.11	167.21	161.3
Interest Paid on Deposits	149.64	107.36	22.99	8.12	17.82
Interest Paid on Borrowings	-	13.06	5.74	4.36	4.49
Total Interest Expense	149.64	120.42	28.74	12.48	22.31
Net Interest Income	163.59	165.72	167.37	154.73	138.99
Net Interest Income Growth (YoY)	-1.28%	-0.99%	8.17%	11.33%	6.98%
Gain (Loss) on Sale of Assets	13.61	-0.01	-0.02	0.44	-0.06
Gain (Loss) on Sale of Investments	-100.83	-3.83	-0.83	-0.36	1.32
Gain (Loss) on Sale of Equity Investments	2.38	1.78	1.29	2.08	0.1
Other Non-Interest Income	33.3	45.1	38.71	36.22	33.14
Total Non-Interest Income	-46.68	48.24	46.27	46.91	43.18
Non-Interest Income Growth (YoY)	-	4.26%	-1.35%	8.64%	6.92%
Revenues Before Loan Losses	116.91	213.96	213.64	201.64	182.16
Provision for Loan Losses	6.15	13.68	13.31	-8.34	27.18
Revenue	110.76	200.28	200.33	209.97	154.98
Revenue Growth (YoY)	-44.70%	-0.03%	-4.59%	35.49%	-4.48%
Salaries and Employee Benefits	66.13	70.54	67.4	59.43	57.99
Occupancy Expenses	14.36	11.42	11.81	11.14	10.62
Federal Deposit Insurance	5.28	4.9	2.44	2.62	2.24
Amortization of Goodwill & Intangibles	0.55	0.91	0.99	1.06	1.13
Selling, General & Administrative	33.9	33.9	32.71	28.81	26.7
Other Non-Interest Expense	35.63	15.12	12.08	9.29	8.61
Total Non-Interest Expense	155.85	137.11	127.74	112.64	107.52
EBT Excluding Unusual Items	-45.09	63.17	72.59	97.33	47.46
Pretax Income	-45.13	63.05	70.97	97.22	45.72
Income Tax Expense	-20.6	12.79	14.4	19.53	7.39
Net Income	-24.52	50.26	56.57	77.7	38.33
Preferred Dividends & Other Adjustments	1.46	1.46	1.46	1.46	1.46
Net Income to Common	-25.98	48.81	55.11	76.24	36.87
Net Income Growth	-	-11.15%	-27.19%	102.69%	-21.55%
Basic Shares Outstanding	16	15	15	16	16
Diluted Shares Outstanding	16	15	15	16	16
Shares Change (YoY)	1.34%	0.03%	-2.92%	-0.78%	0.20%
EPS (Basic)	-1.66	3.17	3.58	4.81	2.30
EPS (Diluted)	-1.66	3.15	3.56	4.78	2.30
EPS Growth	-	-11.52%	-25.52%	107.83%	-22.30%
Dividend Per Share	1.200	1.200	1.160	1.080	1.040
Dividend Growth	0%	3.45%	7.41%	3.85%	4.00%
Effective Tax Rate	-	20.28%	20.29%	20.08%	16.16%

Source: S&P Capital IQ. Banks template. Financial Sources.