NASDAQ$FISI
Financial Institutions Inc · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Financial Institutions, Inc. reported solid second-quarter performance with significant year-over-year growth in net income, driven by a benefit for credit losses and strong results across all business lines.
Financial Institutions, Inc. reported a strong second quarter with net income of $20.2 million, up from $11.1 million in the same quarter last year. The increase was driven by a $4.6 million benefit for credit losses compared to a $3.7 million provision in the second quarter of 2020. Pre-tax pre-provision income was $21.0 million, an increase of $3.7 million year-over-year.
- Net income increased to $20.2 million compared to $11.1 million in the second quarter of 2020.
- Earnings per diluted share rose to $1.25, up from $0.67 in the second quarter of 2020.
- Net interest income was $37.7 million, an increase of $3.6 million from the second quarter of 2020.
- Noninterest income increased to $10.2 million, up $477 thousand from the second quarter of 2020.
Headline financials
Revenue & EPS history
Financial Institutions · Revenue · Quarterly
$47.9M
Revenue by segment
Financial Institutions · $6.88M total across 9 segments · Q2 2021
- Card Interchange$2.19M—31.9%
- Deposit Fees$1.29M—18.7%
- Insurance Income$1.15M—16.7%
- Other$1.03M—15.0%
- Loan Sale Gains$790K—11.5%
- COLI Income$693K—10.1%
- Limited Partnerships$238K—3.5%
- Loan Servicing$91K—1.3%
- Derivatives Income-$592K—-8.6%
Forward guidance
No forward guidance was provided in the press release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
+0.8%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+2.7%
Avg return
30 days after
64%
42 / 66 earnings
Positive
+12.3%
Q3 2020
Best reaction
-15.4%
Q1 2020
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +1.5% | -0.4% | +3.5% | |
| Q4 2025 | +0.2% | +5.6% | -4.7% | |
| Q3 2025 | +9.4% | +9.2% | +11.3% | |
| Q2 2025 | -2.3% | -1.7% | +2.5% | |
| Q1 2025 | +5.8% | +8.9% | +6.9% | |
| Q4 2024 | -2.9% | +0.4% | -15.2% | |
| Q3 2024 | -6.2% | -4.4% | +8.9% | |
| Q2 2024 | +8.6% | +16.1% | +9.2% | |
| Q1 2024 | -1.0% | -3.1% | +1.2% | |
| Q4 2023 | -6.7% | -5.2% | -18.3% | |
| Q3 2023 | +0.0% | +1.9% | +14.9% | |
| Q2 2023 | +9.4% | +5.7% | -2.4% | |
| Q1 2023 | +0.4% | -0.3% | -4.4% | |
| Q4 2022 | +2.3% | +6.0% | +3.5% | |
| Q3 2022 | -1.0% | -7.7% | -3.0% | |
| Q2 2022 | -0.5% | -2.1% | -0.7% | |
| Q1 2022 | -1.1% | -2.2% | -2.0% | |
| Q4 2021 | +1.9% | +1.7% | +0.5% | |
| Q3 2021 | +2.4% | +3.4% | -0.3% | |
| Q2 2021 | +0.7% | +4.1% | +10.1% | |
| Q1 2021 | +5.4% | +9.9% | +8.2% | |
| Q4 2020 | +1.2% | +10.7% | +21.0% | |
| Q3 2020 | +12.3% | +19.1% | +32.1% | |
| Q2 2020 | +4.5% | +6.3% | +17.3% | |
| Q1 2020 | -15.4% | -18.6% | -14.2% | |
| Q4 2019 | +2.4% | +1.8% | -10.6% | |
| Q3 2019 | +3.1% | +3.3% | +5.8% | |
| Q2 2019 | +4.2% | +3.0% | -1.4% | |
| Q1 2019 | +0.6% | +2.9% | -3.5% | |
| Q4 2018 | +0.4% | +1.4% | +11.1% | |
| Q3 2018 | +4.1% | +8.1% | +9.6% | |
| Q2 2018 | -0.9% | -2.9% | +0.3% | |
| Q1 2018 | +0.3% | +0.2% | +2.5% | |
| Q4 2017 | +2.3% | +3.4% | -0.2% | |
| Q3 2017 | +4.2% | +9.5% | +6.8% | |
| Q2 2017 | -2.6% | -2.8% | -9.4% | |
| Q1 2017 | -1.9% | -3.2% | -10.0% | |
| Q4 2016 | +3.2% | +5.3% | +8.3% | |
| Q3 2016 | +2.4% | +2.9% | +16.1% | |
| Q2 2016 | +0.3% | -0.1% | -1.7% | |
| Q1 2016 | +3.0% | — | — | |
| Q4 2015 | +0.4% | — | — | |
| Q3 2015 | +2.4% | — | — | |
| Q2 2015 | -0.8% | — | — | |
| Q1 2015 | +2.7% | — | — | |
| Q4 2014 | -1.4% | — | — | |
| Q3 2014 | -0.9% | — | — | |
| Q2 2014 | -3.8% | — | — | |
| Q1 2014 | -0.5% | — | — | |
| Q4 2013 | +1.1% | — | — | |
| Q3 2013 | +3.8% | — | — | |
| Q2 2013 | +0.3% | — | — | |
| Q1 2013 | -2.3% | — | — | |
| Q4 2012 | -0.2% | — | — | |
| Q3 2012 | -2.8% | — | — | |
| Q2 2012 | +0.9% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q1 2012 | +4.3% | — | — | |
| Q4 2010 | +1.7% | — | — | |
| Q4 2009 | +1.7% | — | — | |
| Q4 2011 | +1.7% | — | — | |
| Q3 2010 | -4.4% | — | — | |
| Q3 2011 | -4.4% | — | — | |
| Q2 2011 | +1.6% | — | — | |
| Q2 2010 | +1.6% | — | — | |
| Q1 2010 | -1.9% | — | — |
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