Financial Institutions, Inc. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2023
January 26, 2024 at 02:36 am IST
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Financial Institutions, Inc. reported earnings results for the fourth quarter and full year ended December 31, 2023. For the fourth quarter, the company reported net interest income was USD 39.89 million compared to USD 43.15 million a year ago. Net income was USD 9.78 million compared to USD 12.09 million a year ago. Basic earnings per share from continuing operations was USD 0.61 compared to USD 0.76 a year ago. Diluted earnings per share from continuing operations was USD 0.61 compared to USD 0.76 a year ago.
For the full year, the company reported net interest income was USD 165.72 million compared to USD 167.37 million a year ago. Net income was USD 50.26 million compared to USD 56.57 million a year ago. Basic earnings per share from continuing operations was USD 3.17 compared to USD 3.58 a year ago. Diluted earnings per share from continuing operations was USD 3.15 compared to USD 3.56 a year ago.
Financial Institutions, Inc. is a financial holding company. The Company provides a full range of banking and related financial services to consumer, commercial and municipal customers through its bank and non-bank subsidiaries. It offers a range of deposit, lending and other financial services to individuals, municipalities and businesses in the Western and Central New York branch network and its Mid-Atlantic commercial loan production office serving the Baltimore and Washington, D.C. region, through its banking subsidiary, Five Star Bank. Its indirect lending network includes relationships with franchised automobile dealers in Western and Central New York, the Capital District of New York, and Northern and Central Pennsylvania. It offers customized investment advice, wealth management, investment consulting and retirement plan services through its subsidiary, Courier Capital, LLC.
FINANCIAL INSTITUTIONS, INC. 
