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
Interest Income on Loans	280.9	258.58	170.82	147.9	143.52	149.87
Interest Income on Investments	27.55	27.55	25.29	19.31	17.78	18.93
Total Interest Income	308.45	286.13	196.11	167.21	161.3	168.8
Interest Paid on Deposits	132.55	107.36	22.99	8.12	17.82	28.49
Interest Paid on Borrowings	13.06	13.06	5.74	4.36	4.49	10.39
Total Interest Expense	145.61	120.42	28.74	12.48	22.31	38.89
Net Interest Income	162.84	165.72	167.37	154.73	138.99	129.91
Net Interest Income Growth (YoY)	-4.42%	-0.99%	8.17%	11.33%	6.98%	5.74%
Gain (Loss) on Sale of Assets	13.46	-0.01	-0.02	0.44	-0.06	0.03
Gain (Loss) on Sale of Investments	-4.09	-3.83	-0.83	-0.36	1.32	1.15
Gain (Loss) on Sale of Equity Investments	2.21	1.78	1.29	2.08	0.1	0.35
Other Non-Interest Income	44.21	45.1	38.71	36.22	33.14	30.26
Total Non-Interest Income	60.77	48.24	46.27	46.91	43.18	40.38
Non-Interest Income Growth (YoY)	32.17%	4.26%	-1.35%	8.64%	6.92%	10.70%
Revenues Before Loan Losses	223.61	213.96	213.64	201.64	182.16	170.29
Provision for Loan Losses	2.82	13.68	13.31	-8.34	27.18	8.04
Revenue	220.79	200.28	200.33	209.97	154.98	162.25
Revenue Growth (YoY)	11.24%	-0.03%	-4.59%	35.49%	-4.48%	7.87%
Salaries and Employee Benefits	67.74	70.54	67.4	59.43	57.99	55.16
Federal Deposit Insurance	5.19	4.9	2.44	2.62	2.24	1.01
Amortization of Goodwill & Intangibles	0.78	0.91	0.99	1.06	1.13	1.25
Selling, General & Administrative	36.46	33.9	32.71	28.81	26.7	25.34
Other Non-Interest Expense	34.84	15.12	12.08	9.29	8.61	9.44
Total Non-Interest Expense	156.68	137.11	127.74	112.64	107.52	102.83
EBT Excluding Unusual Items	64.1	63.17	72.59	97.33	47.46	59.42
Pretax Income	63.97	63.05	70.97	97.22	45.72	59.42
Income Tax Expense	12.47	12.79	14.4	19.53	7.39	10.56
Earnings From Continuing Operations	51.5	50.26	56.57	77.7	38.33	48.86
Net Income to Common	50.04	48.81	55.11	76.24	36.87	47.4
Basic Shares Outstanding	15	15	15	16	16	16
Diluted Shares Outstanding	16	15	15	16	16	16
Shares Change (YoY)	0.77%	0.03%	-2.92%	-0.78%	0.20%	0.47%
EPS (Basic)	3.25	3.17	3.58	4.81	2.30	2.97
EPS (Diluted)	3.21	3.15	3.56	4.78	2.30	2.96
EPS Growth	-2.67%	-11.52%	-25.52%	107.83%	-22.30%	23.85%
Effective Tax Rate	19.49%	20.28%	20.29%	20.08%	16.16%	17.77%
Dividend Per Share	1.200	1.200	1.160	1.080	1.040	1.000
Dividend Growth	1.69%	3.45%	7.41%	3.85%	4.00%	4.17%

Source: S&P Capital IQ. Banks template.