40.22
+1.23%
Close of 9 Nov 2026, in USD
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About Financial Institutions
From its filings with the US Securities and Exchange Commission
Financial Institutions is based in Warsaw, New York and is incorporated in New York. Its shares trade on Nasdaq under the ticker FISI. The SEC classifies its business as national commercial banks. In the fiscal year to 31 December 2025, it reported net income of $74.9m. At that date it held total assets of $6.27bn and shareholders' equity of $628.9m.
The Parent’s primary business is the operation of its subsidiaries. It does not engage in any other substantial business activities. The Parent’s direct wholly-owned subsidiaries are: Five Star Bank, referred to as “FSB” or “the Bank,” which provides a full range of banking services to consumer, commercial and municipal customers in Western and Central New York, and commercial loans in the Mid-Atlantic region, through a loan production office in Ellicott City, Maryland (a suburb of Baltimore, Maryland), and the Central New York region, through an office in Syracuse, New York; and Courier Capital LLC, referred to as “Courier Capital,” which provides customized investment management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans.
As of December 31, 2025, the consolidated financial statements include the accounts of the Parent, the Bank, and Courier Capital. At December 31, 2025, the Company had consolidated total assets of $6.27 billion, deposits of $5.21 billion and shareholders’ equity of $628.9 million and the Bank represented 99%, and Courier Capital represented less than 1% of the consolidated assets of the Company.
Quoted from its 10-K, filed 9 Mar 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Financials
- Industry
- Banks
- Listed since
- 25 Jun 1999
- Employees
- 631
- Head office
- 220 LIBERTY STREET, WARSAW, NY, 14569
- Incorporated in
- NY
- Classification
- National Commercial Banks
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Ms. Susan HollidayIndependent Chairman of the Board$153,997
- Mr. Martin BirminghamPresident, Chief Executive Officer, Director of the Company and the Bank, since 2005$1.4m
- Mr. W. Jack PlantsChief Financial Officer, Executive Vice President, Treasurer of the Company and the Bank$616,620
- Mr. Samuel BurruanoExecutive Vice President, Chief Legal Officer and Corporate Secretary of the Company and the Bank$498,755
- Ms. Sandra ByersSenior Vice President, Principal Accounting Officer, Controller of the Company and the Bank
- Ms. Laurie CollinsChief Human Resources Officer, Senior Vice President of the Bank$457,788
- Ms. Blake JonesSenior Vice President, Chief Marketing Officer of the Bank
- Mr. Eric MarksSenior Vice President, Chief Consumer Banking Officer of the Bank
- Mr. Gary PacosSenior Vice President, Chief Risk Officer of the Bank
- Mr. Kevin QuinnSenior Vice President, Chief Commercial Banking Officer of the Bank$550,637
- Mr. Donald BoswellIndependent Director$97,497
- Ms. Dawn BurlewIndependent Director$97,497
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 63
- Environment
- 26
- Social
- 89
- Governance
- 74
- Women in the workforce
- 64%
- Carbon reduction policy
- No
- Human rights policy
- Yes
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Financial Institutions Inc. has established itself as a reputable and trusted financial institution, enjoying a strong brand image and customer loyalty.
- The company has a diversified portfolio of financial products and services, including banking, insurance, investments, and wealth management, which helps in cross-selling and maximizing customer value.
- Financial Institutions Inc. has a robust financial position with healthy liquidity, capital reserves, and a strong balance sheet, enabling it to weather economic downturns and take advantage of growth opportunities.
Weaknesses
- The company may face challenges related to regulatory compliance and governance, given the stringent regulations imposed on the financial industry. Non-compliance can lead to fines, reputational damage, and legal issues.
- Financial Institutions Inc. may experience slower decision-making processes due to its size and organizational complexity. This can hinder agility and responsiveness to evolving market trends.
- The company heavily relies on its traditional brick-and-mortar branches, which may limit its ability to fully capitalize on digitalization and rapidly changing customer preferences for online banking and digital services.
Opportunities
- Financial Institutions Inc. can explore strategic partnerships and acquisitions to expand its market presence and diversify its product portfolio, allowing for increased revenue streams and cross-selling opportunities.
- The increasing adoption of technology and digital banking presents an opportunity for Financial Institutions Inc. to invest in innovative solutions and enhance its digital infrastructure to cater to evolving customer demands.
- The company can target untapped markets or demographic segments to expand its customer base, such as targeting millennials or emerging economies in which the demand for financial services is growing.
Threats
- Economic downturns or financial crises can negatively impact financial institutions, and Financial Institutions Inc. is exposed to these cyclical risks. Market volatility, interest rate fluctuations, and changes in regulations can erode profitability and stability.
- Competition within the financial industry is intense, and new entrants, fintech startups, or tech giants may disrupt traditional business models, posing a threat to Financial Institutions Inc.'s market share.
- Cybersecurity threats and data breaches are significant concerns for financial institutions. Failure to protect customer data can lead to reputational damage, financial loss, and potential legal liabilities.
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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