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Financial Institutions Earnings Calls

Q1 2025 (Upcoming)
Release date Apr 28, 2025
EPS estimate $0.740
EPS actual -
Revenue estimate 57.139M
Revenue actual -
Expected change +/- 3.46%
Q4 2024 Missed
$0.540 (-27.03%)
Release date Jan 30, 2025
EPS estimate $0.740
EPS actual $0.540
EPS Surprise -27.03%
Revenue estimate 51.854M
Revenue actual -50240000
Revenue Surprise -196.89%
Q3 2024 Beat
$0.84 (10.53%)
Release date Oct 24, 2024
EPS estimate $0.760
EPS actual $0.84
EPS Surprise 10.53%
Revenue estimate 42.17M
Revenue actual 47.017M
Revenue Surprise 11.49%
Q2 2024 Missed
$1.62 (-19.40%)
Release date Jul 25, 2024
EPS estimate $2.01
EPS actual $1.62
EPS Surprise -19.40%
Revenue estimate 45.09M
Revenue actual 64.404M
Revenue Surprise 42.83%

Last 4 Quarters for Financial Institutions

Below you can see how FISI performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.

Q2 2024 Missed
Release date Jul 25, 2024
Fiscal end date Jun 30, 2024
Price on release $24.63
EPS estimate $2.01
EPS actual $1.62
EPS surprise -19.40%
Date Price
Jul 19, 2024 $22.09
Jul 22, 2024 $22.74
Jul 23, 2024 $23.85
Jul 24, 2024 $23.76
Jul 25, 2024 $24.63
Jul 26, 2024 $25.80
Jul 29, 2024 $24.91
Jul 30, 2024 $27.58
Jul 31, 2024 $26.32
4 days before 11.50%
4 days after 6.86%
On release day 4.75%
Change in period 19.15%
Q3 2024 Beat
Release date Oct 24, 2024
Fiscal end date Sep 30, 2024
Price on release $24.98
EPS estimate $0.760
EPS actual $0.84
EPS surprise 10.53%
Date Price
Oct 18, 2024 $26.21
Oct 21, 2024 $25.18
Oct 22, 2024 $25.34
Oct 23, 2024 $25.61
Oct 24, 2024 $24.98
Oct 25, 2024 $24.01
Oct 28, 2024 $24.54
Oct 29, 2024 $24.48
Oct 30, 2024 $24.47
4 days before -4.69%
4 days after -2.04%
On release day -3.88%
Change in period -6.64%
Q4 2024 Missed
Release date Jan 30, 2025
Fiscal end date Dec 31, 2024
Price on release $27.16
EPS estimate $0.740
EPS actual $0.540
EPS surprise -27.03%
Date Price
Jan 24, 2025 $27.08
Jan 27, 2025 $27.22
Jan 28, 2025 $27.03
Jan 29, 2025 $27.19
Jan 30, 2025 $27.16
Jan 31, 2025 $26.37
Feb 03, 2025 $26.72
Feb 04, 2025 $27.63
Feb 05, 2025 $27.88
4 days before 0.295%
4 days after 2.65%
On release day -2.91%
Change in period 2.95%
Q1 2025 (Upcoming)
Release date Apr 28, 2025
Fiscal end date Mar 30, 2025
Price on release -
EPS estimate $0.740
EPS actual -
Date Price
Apr 11, 2025 $21.43
Apr 14, 2025 $21.88
Apr 15, 2025 $22.47
Apr 16, 2025 $22.46
Apr 17, 2025 $22.35

Financial Institutions Earnings Call Transcript Summary of Q4 2024

Fourth Quarter and Year-End 2024 Earnings Call for Investors

Performance Overview:

  • Equity Offering: Successful equity raise, oversubscribed at more than 4x, generating net proceeds of $108.5 million. This capital will support future investments and potentially call a portion of subordinated debt.
  • Securities Portfolio Restructuring: Sold $653.5 million of low-yield securities, reinvesting into higher-yield agency wrap securities. Resulting pretax loss from restructuring was $100.2 million, leading to a net loss of $66.1 million for Q4 2024.

Financial Metrics:

  • Net Interest Margin (NIM): Margin expanded to 2.91% in Q4 from 2.89% in Q3 2024, with a full-year NIM of 2.86%, slightly below guidance.
  • Return Expectations for 2025: Targeting return on average assets of at least 1.10% and return on average equity of at least 11.25%. Efficiency ratio aimed to be below 60%.
  • Loan Growth: Expecting low single-digit growth (1%-3%) in loans for 2025, mainly as commercial lending is anticipated to drive mid-single-digit growth.

Asset Quality:

  • Stable asset quality metrics with annual net charge-offs to average loans remaining at 20 basis points.
  • Increased provision for credit losses of $6.5 million in Q4 attributed to higher loan growth and increased charge-offs, with an allowance for credit losses to total loans ratio at 1.07%.
  • Confidence in credit quality, particularly in commercial portfolios.

Deposits and Strategy:

  • Total deposits stood at $5.1 billion at year-end 2024, down $202 million mainly due to seasonal factors.
  • Focused on core deposit gathering and winding down the Banking as a Service (BaaS) offering.

Expense Management:

  • Projected noninterest income of $9.5-$10 million per quarter in 2025, with total noninterest expenses expected at approximately $35 million per quarter.
  • Core operating expenses projected to grow by 5% compared to 2024.

Market Position and Growth Opportunities:

  • Active in regional economic development, particularly in New York, and is well-positioned to take advantage of upcoming investments in semiconductor manufacturing.
  • New director Angela Panzarella appointed to the board, bringing valuable leadership experience.

Investment Outlook:

  • Investors should be aware of the company’s strategy for capital deployment aimed at sustainable and profitable growth, especially in addressing the competitive lending market and maintaining cost control.
  • Commitment to improving profitability over merely chasing growth—with a strong focus on expense management and revenue generation.

In conclusion, while investors should note the challenges faced in the past year, the strategic restructuring and capital raise position Financial Institutions, Inc. for potential growth and improved financial performance in 2025.

Financial Institutions Earnings History

Earnings Calendar

FAQ

When is the earnings report for FISI?
Financial Institutions (FISI) has scheduled its earnings report for Apr 28, 2025 after the markets close.

What is the FISI price-to-earnings (P/E) ratio?
FISI P/E ratio as of Apr 17, 2025 (TTM) is -8.46.

What is the FISI EPS forecast?
The forecasted EPS (Earnings Per Share) for Financial Institutions (FISI) for the first fiscal quarter 2025 is $0.740.

What are Financial Institutions's retained earnings?
On its balance sheet, Financial Institutions reported retained earnings of -$50.24 million for the latest quarter ending Dec 31, 2024.

What Is an Earnings Report?
An earnings report is usually issued quarterly (Q1, Q2, Q3 & Q4) by public companies to report their performance. Earnings reports typically include net income, earnings per share, earnings from continuing operations, and net sales. Looking at the earnings report investors can start gauge the financial health of the company and make even better decisions whether to buy, sell, or stay in the company. Fundamental analysts and value investors will typically hunt for stocks that continue to show good financial ratios and use a decline as an exit point. One of the most anticipated numbers for analysis is earnings per share because it indicates how much the company earned for its shareholders. The report will also indicate a possible dividend.

Earnings Report Content
Earnings reports generally provide an update of all three financial statements, including the income statement, the balance sheet, and the cash flow statement. These figures are typically measured against previous quarters/years. Furthermore, the earnings report usually includes a summary and analysis from the CEO or company spokesman, alongside a more general view of the financials and future forecast.

What To Know About Earnings Reports?
Announcement of earnings for a stock, particularly for well followed large-capitalization stocks, can move the market. Stock prices can fluctuate wildly on days when the quarterly earnings report is released. Despite good reports, stocks may very well fall if the investors were expecting more or they believe the next quarter will not be as good. Investors always try to be ahead of the market and future earnings/losses are often discounted into the current price of the stock. It is natural for stocks to start to move in either direction a few days before the release of an earnings report.
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