Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
An announcement from Financial Institutions ( (FISI) ) is now available.
Financial Institutions, Inc. reported a third-quarter net income of $13.5 million, reflecting a decrease from the previous quarter’s $25.6 million, largely due to a previous insurance asset sale and fraud-related expenses. Key highlights include a net interest margin increase to 2.89%, strong deposit growth to $5.31 billion, and an orderly wind-down of its Banking-as-a-Service offerings. Despite a decline in total loans, the company maintained solid credit quality, with improvements in regulatory and tangible capital ratios, suggesting a strategic focus on sustainable growth and market opportunities.
Find detailed analytics on FISI stock on TipRanks’ Stock Analysis page.