NASDAQ$FISI
Financial Institutions Inc · Q4 2019 earnings
Q4 2019 earnings · · Investor relations
Briefing
Financial Institutions, Inc. reported strong results, driven by a reduction in income tax expense and balance sheet repositioning.
Financial Institutions, Inc. reported a net income of $13.1 million for the fourth quarter of 2019, compared to $7.5 million in 2018. The results were positively impacted by a reduction in income tax expense of approximately $2.7 million due to tax credit investments. The company's net interest margin expanded to 3.33% due to the repositioning of the balance sheet.
- Net income was $13.1 million, an increase from $7.5 million in 2018.
- Diluted earnings per share increased to $0.79, up from $0.45 in 2018.
- Net interest margin expanded to 3.33% from 3.21%.
- Pre-tax pre-provision income increased to $16.1 million from $13.6 million in 2018.
Headline financials
Revenue & EPS history
Financial Institutions · Revenue · Quarterly
$33.2M
Revenue by segment
Financial Institutions · $7.94M total across 10 segments · Q4 2019
- Investment Advisory$2.38M—29.9%
- Deposit Fees$1.88M—23.7%
- Other$1.31M—16.5%
- Derivatives Income$1.26M—15.9%
- Insurance Income$881K—11.1%
- COLI Income$465K—5.9%
- Loan Sale Gains$324K—4.1%
- Loan Servicing$116K—1.5%
- Limited Partnerships-$140K—-1.8%
- Tax Credit Loss-$528K—-6.6%
Forward guidance
Financial Institutions, Inc. is launching two major initiatives in 2020: an enterprise standardization program to improve company operations and a new digital banking platform to enhance customer experience.
Tailwinds
- Enterprise standardization program aims to improve Company operations.
- Enterprise standardization program intends to deliver enhanced customer experience.
- Enterprise standardization program seeks to improve operational efficiency.
- Five Star Bank Digital Banking to improve user experience across all devices.
- Five Star Bank Digital Banking will offer many new features.
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 Q4 2019
+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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