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Financial Institutions Inc (FISI)
:FISI
RESEARCH TOOLSreports
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.73Last Year’s EPS
0.11Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 30, 2025
|% Change Since: 9.09%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a mixed picture. While there were significant positive developments such as successful equity offering, improved capital ratios, and strong commercial loan growth, the call also reported substantial losses due to securities repositioning and a decline in deposits. The guidance for 2025 appears conservative but optimistic, with a focus on profitability and efficiency.Company Guidance
During the Financial Institutions, Inc. Fourth Quarter and Year-end 2024 Earnings Call, several key financial metrics and strategic initiatives were highlighted. The company reported a $100.2 million pretax loss due to restructuring its investment securities portfolio, which led to net losses available to common shareholders of $66.1 million for the fourth quarter. Despite this, the firm's capital position strengthened, with a common equity Tier 1 ratio increase of 60 basis points from September 30, 2024, and 145 basis points from year-end 2023. The net interest margin expanded to 2.91% in the fourth quarter, a 2 basis point increase from the third quarter. Commercial loan growth was robust, rising by 3.8% during the quarter and 4.5% throughout the year. Additionally, the company issued $115 million in new capital from an equity offering, with net proceeds amounting to $108.5 million. For 2025, the company targets a return on average assets of at least 110 basis points, a return on average equity of at least 11.25%, and an efficiency ratio below 60%, with expectations of net interest margin between 345 and 355 basis points.Successful Equity Offering and Restructuring
The company successfully executed an equity offering that was more than 4x oversubscribed, issuing $115 million of new capital with net proceeds of $108.5 million. This, along with restructuring of the available-for-sale investment securities portfolio, is expected to contribute to a stronger earnings profile.
Regulatory Capital Ratios Improvement
The common equity Tier 1 ratio increased by 60 basis points from September 30 and 145 basis points from year-end 2023. The TCE ratio also improved by 147 and 240 basis points, respectively.
Commercial Loan Growth
Commercial loan growth was strong, up 3.8% during the quarter and 4.5% during the full year 2024.
Positive Market Reception
Market reception to the common equity offering was very positive, leading to a quick execution of the overallotment.
Margin Expansion
Margin expansion continued, with a 2 basis point increase from the third quarter to 2.91% in the fourth quarter.
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FISI Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FISI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 30, 2025 | $27.16 | $26.37 | -2.91% |
| Oct 24, 2024 | $24.72 | $23.76 | -3.88% |
| Jul 25, 2024 | $24.08 | $25.22 | +4.73% |
| Apr 25, 2024 | $16.74 | $16.91 | +1.02% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Financial Institutions Inc (FISI) report earnings?
Financial Institutions Inc (FISI) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is Financial Institutions Inc (FISI) earnings time?
Financial Institutions Inc (FISI) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FISI EPS forecast?
FISI EPS forecast for the fiscal quarter 2025 (Q1) is 0.73.
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