Financial Institutions, Inc. Reports Earnings Results for the Fourth Quarter Ended December 31, 2020
January 28, 2021 at 09:05 pm
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Financial Institutions, Inc. announced earnings results for the fourth quarter ended December 31, 2020. For the fourth quarter, the company announced net interest income was USD 36.181 million compared to USD 33.173 million a year ago. Net income was USD 13.800 million compared to USD 13.107 million a year ago. Basic earnings per share from continuing operations was USD 0.84 compared to USD 0.8 a year ago. Diluted earnings per share from continuing operations was USD 0.84 compared to USD 0.79 a year ago. For the full year, net interest income was USD 138.985 million compared to USD 129.912 million a year ago. Net income was USD 38.332 million compared to USD 48.862 million a year ago. Basic earnings per share from continuing operations was USD 2.3 compared to USD 2.97 a year ago. Diluted earnings per share from continuing operations was USD 2.3 compared to USD 2.96 a year ago.
Financial Institutions, Inc. is a financial holding company. The Company provides a full range of banking and related financial services to consumer, commercial and municipal customers through its bank and non-bank subsidiaries. It offers a range of deposit, lending and other financial services to individuals, municipalities and businesses in the Western and Central New York branch network and its Mid-Atlantic commercial loan production office serving the Baltimore and Washington, D.C. region, through its banking subsidiary, Five Star Bank. Its indirect lending network includes relationships with franchised automobile dealers in Western and Central New York, the Capital District of New York, and Northern and Central Pennsylvania. It offers customized investment advice, wealth management, investment consulting and retirement plan services through its subsidiary, Courier Capital, LLC.
FINANCIAL INSTITUTIONS, INC. 
