Financial Institutions Azioni (NASDAQ: FISI)

Financial Institutions (NASDAQ:FISI) Azioni

FINANCIAL INSTITUTIONS INC

Financial Institutions

Financial Institutions Inc operates as a financial holding company, engages in the provision of a wide range of consumer and commercial banking services to individuals, municipalities, and businesses in Western and Central New York. It operates through one segment: The Banking segment which includes all of the company's retail and commercial banking operations.

Financial Institutions, Inc. - Common Stock

Financial Institutions Inc

FISION CORP by Fision Corp

Fision Corp

Stephens &amp; Co. analyst Matt Breese reiterates Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) with a Equal-Weight and maintains $32 price target.

News

Price Target

Reiteration

Analyst Ratings

FISI

Stephens & Co. Reiterates Equal-Weight on Financial Institutions, Maintains $32 Price Target

Accordingly, the Company is recording a litigation accrual in the Company's fourth quarter 2024 consolidated financial statements of $23.0 million, or $17.1 million after tax. Details on the settlement agreement and the financial impact of the litigation accrual on fourth quarter and full-year 2024 results were included in Current Reports on Form 8-K filed today with the Securities and Exchange Commission. The Company does not anticipate that additional amounts will be accrued for this matter in 2025 or other future periods, and it does not expect any changes to its previously published 2025 guidance as a result of the settlement.

Legal

Financial Institutions Settles Civil Litigation

Financial Institutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) (the "Company"), parent company of Five Star Bank and Courier Capital, LLC, announced that on February 12, 2025, its Board of Directors approved a quarterly cash dividend of $0.31 per outstanding common share, an increase of $0.01, or 3.3%, from the most recent quarter.

Dividends

Financial Institutions Increases Quarterly Dividend From $0.30 To $0.31 Per Share

Keefe, Bruyette &amp; Woods analyst Damon Delmonte upgrades Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) from Market Perform to Outperform and raises the price target from $29 to $34.

Upgrades

Keefe, Bruyette & Woods Upgrades Financial Institutions to Outperform, Raises Price Target to $34

Stephens &amp; Co. analyst Matt Breese reiterates Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) with a Equal-Weight and maintains $33 price target.

Stephens & Co. Reiterates Equal-Weight on Financial Institutions, Maintains $33 Price Target

Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) reported quarterly adjusted earnings of $0.55 per share which missed the analyst consensus estimate of $0.56. The company reported quarterly sales of $41.63 million which missed the analyst consensus estimate of $42.36 million by 1.71 percent. This is a 4.38 percent increase over sales of $39.89 million the same period last year. Adjusted earnings exclude loss on investment securities of $100.1M or $75M after-tax due to previously disclosed securities portfolio restructurings.

Earnings

Earnings Beats

Earnings Misses

Financial Institutions Q4 Adj EPS $0.55 miss $0.56 Estimate, Sales $41.63M Miss $42.36M Estimate. Adjusted EPS excludes loss on investment securities of $100.1M or $75M after-tax due to previously disclosed securities portfolio restructurings.

Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) just disclosed its Q4 earnings on Thursday, January 30, 2025 at 04:05 PM.
Here's a brief overview of the earnings report.
<h3>Earnings</h3>
Financial Institutions missed estimated earnings by -2.0%, reporting an EPS of $0.55 versus an estimate of $0.56.
Revenue was up $1.75 million from the same period last year.
<h3>Previous Earnings Records</h3>
During the previous quarter, the company beat on EPS by $0.08, leading to a 4.0% drop share price change the next day.
Here's a look at Financial Institutions's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2024</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.76</td>
<td>2.01</td>
<td>0.59</td>
<td>0.71</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.84</td>
<td>1.62</td>
<td>0.11</td>
<td>0.61</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>42.17M</td>
<td>45.09M</td>
<td>39.52M</td>
<td>40.32M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>40.68M</td>
<td>41.19M</td>
<td>40.08M</td>
<td>39.89M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Financial Institutions <a href="https://www.benzinga.com/quote/FISI/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Financial Institutions Earnings Report: Q4 Overview

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Earnings Scheduled For January 30, 2025

While I generally shy away from thematic investing, two compelling sectors stand out as we look toward 2025: energy and regional/micro-cap banks, particularly those showing strong insider buying and attractive yields. Let me explain why these areas deserve special attention.
&nbsp;Banking has been a cornerstone of my investment approach for nearly four decades, consistently generating substantial returns for myself, my clients, and my readers. The sector&#8217;s appeal stems from our early 1990s discovery of the remarkable opportunity in small and regional bank investing, focusing on valuation and margin of safety principles, enhanced by dividend factors.
Banks are emerging from what I call the &#8220;proverbial winter&#8221; of the Biden administration, which maintained a notably unfriendly stance toward financial services, particularly regarding merger and acquisition activity. Regardless of one&#8217;s political views, the anticipated Trump administration promises a markedly different approach, featuring bank-friendly policies, reduced corporate taxes, and lighter regulatory oversight. While interest rate trajectories remain uncertain, these factors collectively paint an optimistic picture for the banking industry. The energy sector presents an equally compelling investment case. While natural gas typically dominates our discussions due to its crucial role in home heating and electricity generation, today I want talk about oil and refined products in today&#8217;s world.
The market&#8217;s premature dismissal of traditional combustion engines in favor of electric vehicles has created interesting opportunities. Despite widespread predictions, the transition to EVs hasn&#8217;t materialized as rapidly as projected. The reality is stark: we won&#8217;t achieve 100% renewable energy by 2030, and attempting to do so could prove catastrophically disruptive.
Our power grid remains unprepared for mass EV adoption, charging infrastructure is inadequate, and millions of traditional vehicles will continue operating well into the 2030s.
HF Sinclair (Ticker: DINO) Following their Sinclair Oil acquisition, this company has emerged as an energy sector powerhouse. Their assets include:
<ul>
<li>Seven refineries across Mid-Continent, West, and Pacific regions </li>
<li>678,000 barrels daily refining capacity </li>
<li>1,500 branded retail stations plus 300 licensed sites </li>
<li>4,400 miles of pipeline infrastructure </li>
<li>18.3 million barrels of storage capacity </li>
<li>Growing renewable diesel operations</li>
</ul>
Trading at 12x earnings and 70% of book value, offering a 5.54% dividend yield, DINO presents compelling value. Recent insider buying, particularly from the CFO and CEO, adds confidence to the investment thesis. The company maintains a shareholder-friendly stance, having returned $954 million through dividends and buybacks as of September 2024, with a new $1 billion repurchase program announced.
Financial Institutions Inc. (Ticker: FISI) This parent company of Five Star Bank, operating throughout western New York, presents an interesting turnaround story. After addressing low-yielding securities through a strategic stock offering, raising $95 million to restructure their portfolio, FISI stands poised for improved performance. Their business model features:
<ul>
<li>49 branches across key western New York markets </li>
<li>$6 billion in total assets </li>
<li>Strong indirect auto lending business (19% of loans) </li>
<li>Conservative lending practices </li>
<li>Solid deposit base with reduced reliance on brokered deposits</li>
</ul>
Trading at 8x earnings with a 4.69% dividend yield, FISI has attracted significant insider buying, particularly during their recent offering. The management team&#8217;s substantial personal investment signals confidence in their portfolio restructuring strategy.
Both companies represent undervalued opportunities in sectors positioned for strong performance regardless of broader economic or political developments. Their combination of insider confidence, attractive yields, and fundamental value creates a compelling investment case for 2025.
This analysis exemplifies our continued focus on identifying opportunities where insider buying, attractive valuations, and strong dividend yields converge in sectors with favorable long-term prospects.

Opinion

DINO

C-Suite Buy of the Week: Investment Potential in Regional Banking and Energy

Piper Sandler analyst Frank Schiraldi assumes Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) with a Overweight rating and announces Price Target of $33.

Initiation

Piper Sandler Assumes Financial Institutions at Overweight, Announces Price Target of $33

Financial Institutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) (the "Company"), parent company of Five Star Bank and Courier Capital, LLC, today announced the pricing of its previously announced underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $25.00 per share. The expected proceeds to the Company, after deducting underwriting discounts and commissions but before deducting operating expenses payable by the Company, are approximately $95.0 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of Company common stock at the public offering price, less underwriting discounts, and commissions.
The Company intends to use the net proceeds from this offering for general corporate purposes which may include a balance sheet restructuring through the repositioning of a substantial portion of our available-for-sale debt securities portfolio to support continued growth as well as the repayment of indebtedness.

Offerings

Reported Earlier, Financial Institutions Prices $95M Common Stock Offering Of 4M Shares At $25/Share

Financial Institutions Launches Offering Of Common Stock; Terms Not Disclosed

Keefe, Bruyette &amp; Woods analyst Damon Delmonte maintains Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) with a Market Perform and raises the price target from $27 to $28.

Keefe, Bruyette & Woods Maintains Market Perform on Financial Institutions, Raises Price Target to $28

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Shares of banking-related companies are trading higher after Donald Trump won the US presidential election.

Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) reported quarterly earnings of $0.84 per share which beat the analyst consensus estimate of $0.76 by 10.53 percent. The company reported quarterly sales of $40.681 million which missed the analyst consensus estimate of $42.169 million by 3.53 percent. This is a 2.39 percent decrease over sales of $41.677 million the same period last year.

Financial Institutions Q3 2024 GAAP EPS $0.84 Beats $0.76 Estimate, Sales $40.681M Miss $42.169M Estimate

As of June 30, 2024, the Company&#39;s balance sheet included approximately&nbsp;$108 million&nbsp;of deposits, representing about&nbsp;2%&nbsp;of total deposits, and&nbsp;$31 million&nbsp;of loans, representing less than&nbsp;1%&nbsp;of total loans, related to its BaaS offerings.&nbsp;
The Company looks forward to providing additional detail on its&nbsp;third quarter&nbsp;earnings call in October.
As the Bank begins the process of working to support orderly transitions for its BaaS partner firms, the Bank is preliminarily targeting completion of the wind down of its BaaS business sometime in 2025.
The Bank expects to retain all personnel positions supporting the BaaS line of business, both through the wind down period and beyond, refocusing those roles on supporting the growth of its core banking operations.
&nbsp;

Financial Institutions Intends To Begin An Orderly Wind Down Of Its BaaS Offerings; Expects Financial Impact To Be Immaterial

Keefe, Bruyette &amp; Woods analyst Damon Delmonte reiterates Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) with a Market Perform and raises the price target from $20 to $25.

Keefe, Bruyette & Woods Reiterates Market Perform on Financial Institutions, Raises Price Target to $25

Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) reported quarterly earnings of $1.62 per share which missed the analyst consensus estimate of $2.01 by 19.4 percent. The company reported quarterly sales of $41.193 million which missed the analyst consensus estimate of $45.086 million by 8.63 percent. This is a 2.70 percent decrease over sales of $42.337 million the same period last year.

Financial Institutions Q2 2024 GAAP EPS $1.62 Misses $2.01 Estimate, Sales $41.193M Miss $45.086M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>. 
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the financial sector.
<h3 class="wp-block-heading">Hanmi Financial Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HAFC#NASDAQ">HAFC</a>)</h3>
<ul>
<li>Dividend Yield: 5.76%</li>
<li>Wedbush analyst David Chiaverini reiterated a Neutral rating with a price target of $17 on April 24. This analyst has an accuracy rate of 61%.</li>
<li>Piper Sandler analyst Matthew Clark maintained a Neutral rating and cut the price target from $20 to $17 on May 1, 2023. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: Hanmi Financial said it will report second quarter financial results on Tuesday, July 23.</li>
<li>Benzinga Pro's real-time newsfeed alerted to <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071224&amp;t=be2bearmibe3na1">latest HAFC's news</a></li>
</ul>
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="680" height="727" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083339/HAFC.png" alt="" class="wp-image-433265" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083339/HAFC.png 680w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083339/HAFC-281x300.png 281w" sizes="(max-width: 680px) 100vw, 680px" /></a></figure>
<h3 class="wp-block-heading">Capitol Federal Financial, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CFFN#NASDAQ">CFFN</a>)</h3>
<ul>
<li>Dividend Yield: 5.81%</li>
<li>Keefe, Bruyette &amp; Woods analyst Damon Delmonte reiterated a Market Perform rating and cut the price target from $7 to $6 on April 25. This analyst has an accuracy rate of 74%.</li>
<li>Piper Sandler analyst Andrew Lieschmaintained a Neutral rating and lowered the price target from $6 to $5.5 on April 25. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On April 24, Capitol Federal Financial posted downbeat quarterly sales resulst.</li>
<li>Benzinga Pro's charting tool helped identify the <a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071224&amp;t=be2bearmibe3na1">trend in CFFN's stock</a>.</li>
</ul>
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="688" height="746" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083343/CFFN.png" alt="" class="wp-image-433266" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083343/CFFN.png 688w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083343/CFFN-277x300.png 277w" sizes="(max-width: 688px) 100vw, 688px" /></a></figure>
<h3 class="wp-block-heading">Financial Institutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>)</h3>
<ul>
<li>Dividend Yield: 5.83%</li>
</ul>
<ul>
<li>Keefe, Bruyette &amp; Woods analyst Damon Delmontemaintained a Market Perform rating and cut the price target from $23 to $20 on April 5. This analyst has an accuracy rate of 74%.</li>
<li>Piper Sandler analyst Alexander Twerdahidowngraded the stock from Overweight to Neutral and slashed the price target from $23 to $19 on March 25. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: Financial Institutions said it will release results for the second quarter after the closing bell on July 25.</li>
<li><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071224&amp;t=be2bearmibe3na1">Benzinga Pro's signals feature</a> notified of a potential breakout in FISI's shares.</li>
</ul>
<figure class="wp-block-image size-full"><a href="http://www.benzinga.com/pro/register/?utm_source=BZprocontent071224&amp;t=be2bearmibe3na1"><img loading="lazy" decoding="async" width="659" height="714" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083356/FISI.png" alt="" class="wp-image-433268" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083356/FISI.png 659w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/07/12083356/FISI-277x300.png 277w" sizes="(max-width: 659px) 100vw, 659px" /></a></figure>
Read More: 
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<li><a href="https://www.benzinga.com/news/earnings/24/07/39743368/s-p-500-falls-following-june-inflation-data-fear-greed-index-moves-to-neutral-zone">S&amp;P 500 Falls Following June Inflation Data: Fear &amp; Greed Index Moves To &#8216;Neutral&#8217; Zone</a></li>
</ul>
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Pre-Market Outlook

Markets

Trading Ideas

Wall Street's Most Accurate Analysts Spotlight On 3 Financial Stocks With Over 5% Dividend Yields

Financial Institutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FISI#NASDAQ">FISI</a>) reported quarterly earnings of $0.11 per share which beat the analyst consensus estimate of $(0.02) by 650 percent. This is a 85.53 percent decrease over earnings of $0.76 per share from the same period last year. The company reported quarterly sales of $40.082 million which beat the analyst consensus estimate of $39.518 million by 1.43 percent. This is a 4.14 percent decrease over sales of $41.815 million the same period last year.

Financial Institutions Q1 2024 GAAP EPS $0.11 Beats $(0.02) Estimate, Sales $40.082M Beat $39.518M Estimate

Press Releases

Financial Institutions, Inc. Announces Quarterly Cash Dividend

Financial Institutions, Inc. Announces Launch of Common Stock Offering

Financial Institutions, Inc. Announces Pricing of Common Stock Offering

Financial Institutions, Inc. Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call

Management

Financial Institutions, Inc. Appoints Angela J. Panzarella to Board of Directors

Financial Institutions, Inc. Announces Fourth Quarter and Full Year 2024 Results

Financial Institutions, Inc. Announces 3.3% Increase in Common Stock Dividend

Five Star Bank Appoints Eric Marks Chief Consumer Banking Officer

Financial Institutions, Inc. Settles Auto Lending Litigation

Financial Institutions, Inc. Schedules First Quarter 2025 Earnings Release and Conference Call

Comments

Financial Institutions

Notizie

PARTNER/COLLABORATORE

BENZINGA NEL MONDO