Financial Institutions Inc (FISI)
NASDAQ:FISI
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Earnings Data
Report Date
Jul 23, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.93Last Year’s EPS
0.85Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a predominantly positive operational and capital story: strong first-quarter profitability, modest NIM outperformance with upgraded guidance, disciplined capital returns (debt refinancing, buybacks, dividend increase), a sizable loan pipeline and continued expense discipline. Headwinds include near-term deposit competitiveness and a modest year-over-year deposit decline driven by the BaaS wind-down, a temporary increase in quarterly net charge-offs due to a previously known commercial relationship, reduced swap-related noninterest income, branch write-downs, and runoff in the indirect auto portfolio. Management communicated confidence in loan pipeline conversion, margin stability, and guidance for efficiency and tax rate, which together suggest that the positive items meaningfully outweigh the transitory and manageable negatives.Company Guidance
Net Income and EPS Improvement
Net income available to common shareholders of $20.6 million, or $1.04 per diluted share, representing improvement versus both the linked quarter and year-ago quarter.
Strong Profitability Metrics
Return on average assets of 137 basis points (1.37%), return on average tangible common equity exceeding 15%, and an operating efficiency ratio of 57%, reflecting meaningful improvement in core profitability metrics.
Net Interest Margin Expansion and Upgraded Guidance
Reported NIM of 367 basis points for the quarter (up 5 bps linked-quarter). Cost of funds decreased ~15 basis points linked-quarter. Management now expects full-year net interest margin in the upper 360s, reflecting modest incremental NIM expansion for the year.
Disciplined Capital Actions and Shareholder Returns
Refinanced $65 million of legacy subordinated debt in January; repurchased ~163,000 shares in the quarter (approximately 500,000 shares repurchased since December, representing about half of the 5% authorization); Board approved a 3.2% increase in the quarterly cash dividend to $0.32 per common share.
Tangible Book Value Increase
Tangible book value per share increased 1.1% to $28.15 for the quarter as strong earnings more than offset share repurchases and some AOCI pressure from rate volatility.
Loan Pipeline Strength and 2026 Growth Target
Current loan pipeline near $950 million (up from ~$650 million at year-end), with management expecting a rebound in loan growth through the second half of the year and reiterating full-year loan growth guidance of 5%, driven by commercial lending.
Wealth Management Stability
Investment advisory income of $3.1 million was consistent with the prior quarter and assets under management remain near $3.6 billion, with new business activity partially offsetting market-driven outflows.
Disciplined Expense Management
Noninterest expense of $35.6 million (down from $36.7 million in Q4). Salaries and benefits down $722,000 (3.7%) and professional services down $366,000 (~20%) linked-quarter; company expects full-year efficiency ratio approaching 57%.
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
FISI Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 23, 2026 | $34.15 | $33.71 | -1.29% |
Jan 29, 2026 | $32.58 | $32.59 | +0.03% |
Oct 23, 2025 | $25.95 | $28.37 | +9.33% |
Jul 24, 2025 | $25.50 | $25.25 | -0.99% |
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.
FAQ
When does Financial Institutions Inc (FISI) report earnings?
Financial Institutions Inc (FISI) is schdueled to report earning on Jul 23, 2026, After Close (Confirmed).
What is Financial Institutions Inc (FISI) earnings time?
Financial Institutions Inc (FISI) earnings time is at Jul 23, 2026, After Close (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 2026 (Q2) is 0.93.