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FINANCIAL INSTITUTIONS INC (FISI)

Income Statement

Standardized | As Reported Annual | Quarterly | TTM
  Older >>
In millions, except per share itemsDec-31-22Dec-31-21Dec-31-20Dec-31-19Dec-31-18Dec-31-17Dec-31-16Dec-31-15
   10-K10-K10-K10-K10-K10-K10-K10-K
    Interest income:  
        Interest income on loans  170.8147.9143.5149.9130.7106.392.383.6
        Interest income on investments  24.519.117.518.521.623.822.921.9
       196.1167.2161.3168.8152.7130.1115.2105.5
    Interest expense:  
        Interest on deposits  23.08.117.828.519.111.18.57.3
       24.58.219.436.429.917.512.510.1
Net interest income  220.6175.4180.7205.2122.9112.6102.795.3
Provision for loan losses      8.913.49.67.4
Net interest income after provision for loan losses  220.6175.4180.7205.2113.999.393.187.9
        Deposit and loan fees         7.7
        Gain on sale of investments, net         2.0
        Other non-interest income  46.346.943.240.436.534.735.820.6
Total non-interest income  46.346.943.240.436.534.735.830.3
Non-interest expenses  129.4112.8109.3102.8100.990.584.779.4
Pre-tax income before non-recurring items  71.097.245.759.451.945.144.539.7
Non-recurring items      2.41.60.30.8
Pre-tax income  71.097.245.759.449.543.544.138.9
Income taxes  14.419.57.410.610.09.912.210.5
            Tax rate  20.3%20.1%16.2%17.8%20.2%22.9%27.7%27.1%
Net income  56.677.738.348.938.132.130.526.9
            Net margin  21.2%34.9%17.1%19.9%25.3%23.9%23.7%22.7%
   
Basic EPS  $3.68$4.90$2.39$3.06$2.39$2.13$2.11$1.91
Diluted EPS  $3.66$4.88$2.39$3.05$2.39$2.13$2.10$1.90
   
Shares outstanding (basic)  15.415.816.016.015.915.014.414.1
Shares outstanding (diluted)  15.515.916.116.016.015.114.514.1
   
EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges.  

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