Earnings Releases·Oct 29, 2026, 4:06 PM ET

Financial Institutions, Inc. — Third Quarter 2026 Earnings Summary

Net income fell 2.4% year-over-year to $19.6 million ($0.99 diluted EPS), while net interest income hit a record $54.3 million, up 4.8% year-over-year.
Noninterest income declined 13.3% year-over-year due to an 87.5% drop in derivative income and losses in limited partnerships, while noninterest expense rose 2.6% year-over-year.
Credit quality metrics softened with a 42.0% year-over-year increase in the provision for credit losses to $3.9 million and non-performing loans rising 13.5% to $38.5 million.
Capital return activities included a $0.32 per share dividend (up 3.2% year-over-year) and the repurchase of 185,833 shares at an average price of $40.92.
Management reaffirmed a focus on disciplined loan production in core Upstate New York markets, citing a tangible common equity ratio of 8.40% and regulatory capital ratios exceeding well-capitalized requirements.