NASDAQ$FISI
Financial Institutions Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Reported strong third quarter results driven by positive economic trends and organic growth.
Financial Institutions, Inc. reported a strong third quarter with net income of $17.2 million, an increase from $12.3 million in the third quarter of 2020. The company benefited from a $541 thousand credit loss recovery and saw growth in its loan portfolio, excluding PPP loans. Noninterest income was strong, driven by insurance and wealth subsidiaries, resulting in an efficiency ratio of 58%.
- Net income for the quarter was $17.2 million, compared to $12.3 million in the third quarter of 2020.
- Pre-tax pre-provision income for the quarter was $21.2 million, an increase of $1.9 million from the third quarter of 2020.
- Excluding the impact of Paycheck Protection Program loans, the total loan portfolio grew by 2.2% from June 30th.
- SDN insurance subsidiary completed a bolt-on transaction in August, acquiring an employee benefits business.
Headline financials
Revenue & EPS history
Financial Institutions · Revenue · Quarterly
$50.4M
Revenue by segment
Financial Institutions · $11.7M total across 9 segments · Q3 2021
- Investment Advisory$2.97M+21.5%25.4%
- Card Interchange$2.12M—18.1%
- Insurance Income$1.86M+37.4%15.9%
- Deposit Fees$1.5M+19.8%12.8%
- Other$1.07M+4.9%9.1%
- COLI Income$776K+65.1%6.6%
- Limited Partnerships$694K+761.0%5.9%
- Loan Sale Gains$600K-62.0%5.1%
- Loan Servicing$105K+114.3%0.9%
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 Q3 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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