Saturday 17 October 2026 Export FISI’s income statement to Excel — free account

Financial Institutions, Inc.

In the quarter to June 2026, revenue was flat, EPS grew 24.7%, free cash flow grew 398.0% and total debt fell 31.5%, each against the same quarter a year earlier. Dividend growth for ten consecutive years; insiders bought in the last twelve months.

39.31 0.04 +0.10%

Follow FISI

Alert me

Market cap: $773.9M
P/E: 9.6×
Fwd P/E: 9.2×
Dividend yield: 3.23%
F-score: 6/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 0.02

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	1	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	—	—	—	—	—	—

Insider Ownership 2.47%

Capital & Financial Ratios $m

Market Cap 773.87

Revenue 379.30

Net Income 82.63

Free Cash Flow 56.33

Net Debt (20.48)

Current Ratio 0.88

Debt/Equity 0.12

P/E ratio 9.61

Fwd P/E 9.23

P/S ratio 2.04

P/B ratio 1.24

Past 5Y EPS Growth 9.43%

This Y EPS Growth 16.07%

Next Y EPS Growth 2.63%

Next Y revenue growth (30.97%)

Next 5Y EPS Growth 7.62%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 52.09%

10-year low 10-year high

P/S against its own 10 years 44.45%

10-year low 10-year high

P/B against its own 10 years 71.51%

10-year low 10-year high

Dividends

Payout Ratio 0.32

Annual Dividend Rate 1.27

Annual Dividend Yield 3.23%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.28	0.32 0.32 0.32
2025	1.24	0.31 0.31 0.31 0.31
2024	1.20	0.30 0.30 0.30 0.30
2023	1.20	0.30 0.30 0.30 0.30
2022	1.16	0.29 0.29 0.29 0.29
2021	1.08	0.27 0.27 0.27 0.27
2020	1.04	0.26 0.26 0.26 0.26
2019	1.00	0.25 0.25 0.25 0.25
2018	0.96	0.24 0.24 0.24 0.24
2017	0.85	0.21 0.21 0.21 0.22
2016	0.81	0.20 0.20 0.20 0.21

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	124	87	109	99
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	4,537	4,521	4,723	4,807

	2023	2024	2025	Q'26
Payables	5,213	5,105	5,206	5,299
ST’ Debt	—	—	—	—
Other	—	—	—	—
	5,398	5,204	5,315	5,481

Compound Annual Growth %

	10y	5y	3y
Sales	10.78%	13.07%	15.96%
Cash Flow	(7.96%)	(15.43%)	(47.98%)
Earnings	10.57%	14.77%	10.03%
Book Value	7.91%	6.07%	15.74%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	92	94	—	—	—
’25	91	93	96	97	378
’24	89	103	87	—	267
’23	75	83	85	92	334
’22	54	57	63	69	242
’21	54	51	53	55	214
’20	52	49	52	52	204

Fiscal quarters ending in the months shown.

value withheld pending a data check

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	24	23	—	—	—
’25	10	(6)	(7)	21	19
’24	12	36	2	27	77
’23	7	8	44	(48)	11
’22	44	38	36	16	134
’21	20	11	9	33	73
’20	4	6	10	23	43

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	23	22	—	—	—
’25	9	(7)	(8)	19	13
’24	11	35	0	27	72
’23	6	8	43	(49)	8
’22	43	35	34	13	125
’21	20	7	7	33	67
’20	4	5	10	22	40

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	1.04	1.04	—	—	—
’25	0.81	0.85	0.99	0.96	3.61
’24	0.11	1.62	0.84	(4.02)	(2.66)
’23	0.76	0.91	0.88	0.61	3.15
’22	0.93	0.99	0.88	0.76	3.56
’21	1.27	1.25	1.05	1.21	4.78
’20	0.05	0.67	0.74	0.84	2.30

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	24.56	25.65	24.49	25.50	12.78	21.76	22.91	13.84	16.29	20.97	Analyst estimates 2026–2028 Powerpack
	High	34.55	35.40	34.35	33.28	32.70	33.65	34.43	25.85	29.34	33.00
People
People	Employees	654	656	702	722	613	625	672	624	598	631
	Revenue/emp, $m	0.23	0.25	0.27	0.29	0.33	0.34	0.36	0.54	0.45	0.60
Income, $m
Income, $m	Revenue	151	165	189	209	204	214	242	334	267	378
	Gross margin, %	91.69	89.39	84.21	81.41	89.09	94.17	88.14	63.99	43.86	64.81
	EBT	44	43	50	59	46	97	71	63	(68)	91
	EBT margin, %	29.23	26.37	26.18	28.41	22.36	45.41	29.28	18.86	(25.57)	24.17
	Net income	32	34	40	49	38	78	57	50	(42)	75
	Depreciation	9	11	11	10	11	14	13	12	10	1
Per share, $
Per share, $	Revenue	10.46	10.96	11.89	13.10	12.76	13.52	15.76	21.75	17.00	18.80
	Earnings	2.11	2.13	2.39	2.97	2.30	4.81	3.58	3.17	(2.66)	3.65
	Cash flow	3.23	3.08	4.09	3.61	2.71	4.61	8.68	0.71	4.92	0.94
	Capex	(0.47)	(0.50)	(0.14)	(0.21)	(0.23)	(0.37)	(0.54)	(0.19)	(0.32)	(0.27)
	Free cash flow	2.77	2.58	3.95	3.41	2.48	4.23	8.14	0.51	4.60	0.66
	Book value	22.17	25.34	24.91	27.48	29.23	31.89	26.37	29.58	36.28	31.29
	Shares, m	14	15	16	16	16	16	15	15	16	20
Valuation, ×
Valuation, ×	P/E	16.04	14.69	10.75	10.81	9.78	6.61	6.87	6.76	0.00	8.54
	P/S	3.24	2.84	2.16	2.45	1.76	2.35	1.56	0.99	1.61	1.66
	P/B	1.61	1.29	1.08	1.22	0.80	1.03	0.97	0.75	0.78	1.02
	EV/Sales	3.02	2.48	1.83	2.10	1.66	2.33	1.33	0.99	1.75	1.88
	EV/FCF	11.43	10.54	5.49	8.07	8.57	7.43	2.57	41.73	6.45	53.28
Cash, $m
Cash, $m	Operating cash flow	47	46	65	58	43	73	134	11	77	19
	Capex	(7)	(8)	(2)	(3)	(4)	(6)	(8)	(3)	(5)	(5)
	Free cash flow	40	39	63	54	40	67	125	8	72	13
Balance, $m
Balance, $m	Working capital	(945)	(854)	(678)	(523)	(643)	(1,132)	(998)	(861)	(683)	(593)
	Total debt	39	39	39	39	74	74	74	125	125	194
	Net debt	(32)	(60)	(64)	(74)	(20)	(5)	(56)	0	38	85
	Shareholders’ equity	320	381	396	439	468	505	406	455	569	629
Returns, %
Returns, %	ROA	0.86	0.82	0.90	1.09	0.79	1.46	0.97	0.82	(0.70)	1.18
	ROIC	9.58	8.77	9.75	10.17	6.59	12.17	12.99	8.66	(7.02)	8.00
	ROE	10.52	9.62	10.25	11.84	8.45	16.24	12.58	11.82	(8.72)	12.62

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
ORRF Orrstown Financial Services Inc	$816.1M	9.3×	8.8×	+0.90% (above 0%: growing)	+8.91% (above 0%: growing)	−5.50% (below 0%: shrinking)	70.78%	0.00%	Compare
SPFI South Plains Financial, Inc.	$809.1M	11.4×	11.7×	+16.84% (above 0%: growing)	+10.00% (above 0%: growing)	+104.00% (above 0%: growing)	72.34%	0.00%	Compare
IBCP Independent Bank Corp.	$783.4M	10.2×	10.0×	+5.66% (above 0%: growing)	+12.35% (above 0%: growing)	−1.00% (below 0%: shrinking)	76.53%	0.00%	Compare
HTB HomeTrust Bancshares, Inc.	$776.1M	12.2×	12.9×	−4.58% (below 0%: shrinking)	−5.94% (below 0%: shrinking)	+417.30% (above 0%: growing)	77.45%	0.00%	Compare
FISI Financial Institutions, Inc.	$773.9M	9.6×	9.2×	+0.58% (above 0%: growing)	+24.71% (above 0%: growing)	+397.95% (above 0%: growing)	68.40%	0.00%
PGC Peapack-Gladstone Financial Corporation	$769.9M	14.8×	11.9×	+10.12% (above 0%: growing)	+97.78% (above 0%: growing)	+388.43% (above 0%: growing)	70.34%	0.00%	Compare
SMBC Southern Missouri Bancorp, Inc.	$769.7M	10.9×	10.3×	+2.83% (above 0%: growing)	+31.43% (above 0%: growing)	−50.54% (below 0%: shrinking)	64.61%	0.00%	Compare
ALRS Alerus Financial	$765.5M	29.0×	9.7×	+1.35% (above 0%: growing)	+3.80% (above 0%: growing)	+136.92% (above 0%: growing)	77.88%	0.00%	Compare
SHBI Shore Bancshares Inc	$752.2M	11.4×	10.1×	+0.40% (above 0%: growing)	+21.74% (above 0%: growing)	+185.78% (above 0%: growing)	71.57%	0.00%	Compare
Median of peers	$773.0M	11.4×	10.2×	+2.09%	+11.18%	+120.46%	71.96%	0.00%

All 323 Banks Regional stocks →

Financial Institutions, Inc. (FISI) key facts

Financial Institutions, Inc. (FISI) is a Banks Regional company in the Financial sector, listed on Nasdaq.
As of October 16, 2026, FISI traded at $39.31, a market capitalization of $773.9 million.
Financial Institutions, Inc. pays an annual dividend of $1.27 per share, a yield of 3.23%, with a payout ratio of 31.5%.
Return on equity was 12.6% and debt-to-equity 0.12.
Its Piotroski F-score is 6 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.