FISI on Nasdaq
FINANCIAL INSTITUTIONS INC
American national commercial bank that raised $80 million in 2025 (SEC Form D).
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Last updated Oct 18, 2026.
Overview
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Interest and fees on loans | $284.3M | $282.2M | $258.6M |
| Interest and dividends on investment securities | $46.7M | $25.4M | $23.6M |
| Other interest income | $2.0M | $5.6M | $3.9M |
| Total interest income | $333.0M | $313.2M | $286.1M |
| Deposits | $124.3M | $140.0M | $107.4M |
| Short-term borrowings | $1.9M | $3.4M | $6.9M |
| Long-term borrowings | $6.8M | $6.3M | $6.2M |
| Total interest expense | $133.0M | $149.6M | $120.4M |
| Net interest income | $200.0M | $163.6M | $165.7M |
| Provision for credit losses | $11.6M | $6.2M | $13.7M |
| Net interest income after provision for credit losses | $188.4M | $157.4M | $152.0M |
| Service charges on deposits | $4.4M | $4.2M | $4.6M |
| Insurance income | $11.0K | $2.1M | $6.7M |
| Card Interchange Income | $7.8M | $7.9M | $8.2M |
| Investment advisory income | $11.7M | $10.7M | $11.0M |
| Company owned life insurance | $11.4M | $5.5M | $12.1M |
| Investments in limited partnerships | $1.4M | $2.4M | $1.8M |
| Loan servicing | $692.0K | $716.0K | $479.0K |
| Income from derivative instruments, net | $2.5M | $726.0K | $1.4M |
| Net gain on sale of loans held for sale | $737.0K | $618.0K | $566.0K |
| Net gain (loss) on investment securities | $931.0K | -$100.1M | -$3.6M |
| Net (loss) gain on other assets | -$506.0K | $13.6M | -$6.0K |
| Net loss on tax credit investments | -$2.0M | -$775.0K | -$252.0K |
| Other | $5.9M | $5.7M | $5.3M |
| Total noninterest income (loss) | $45.0M | -$46.7M | $48.2M |
| Salaries and employee benefits | $72.8M | $66.1M | $71.9M |
| Occupancy and equipment | $15.5M | $14.4M | $14.8M |
| Professional services | $6.5M | $7.7M | $5.3M |
| Computer and data processing | $23.1M | $22.7M | $20.1M |
| Supplies and postage | $2.1M | $1.9M | $1.9M |
| FDIC assessments | $5.1M | $5.3M | $4.9M |
| Advertising and promotions | $1.8M | $1.6M | $1.9M |
| Amortization of intangibles | $415.0K | $552.0K | $910.0K |
| Provision for litigation settlement | $0 | $23.0M | $0 |
| Deposit-related charged-off items | $160.0K | $20.3M | $1.2M |
| Other | $14.5M | $15.3M | $14.4M |
| Total noninterest expense | $142.0M | $178.9M | $137.2M |
| Income (loss) before income taxes | $91.4M | -$68.1M | $63.1M |
| Income tax expense (benefit) | $16.5M | -$26.5M | $12.8M |
| Net income (loss) | $74.9M | -$41.6M | $50.3M |
| Preferred stock dividends | $1.5M | $1.5M | $1.5M |
| Net income (loss) available to common shareholders | $73.4M | -$43.1M | $48.8M |
| Basic | $3.65 | -$2.75 | $3.17 |
| Diluted | $3.61 | -$2.75 | $3.15 |
| Cash dividends declared per common share | $1.24 | $1.20 | $1.20 |
| Basic | 20.1M shares | 15.7M shares | 15.4M shares |
| Diluted | 20.3M shares | 15.7M shares | 15.5M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $57.1M | $55.0M | ||
| Interest-bearing deposits in banks | $51.6M | $32.4M | ||
| Total cash and cash equivalents | $108.8M | $87.3M | ||
| Securities available for sale, at fair value (amortized cost of $958,142 and $972,720, respectively) | $922.5M | $911.1M | ||
| Securities held to maturity, at amortized cost (net of allowance for credit losses of $2) (fair value of $76,256 and $104,556, respectively) | $84.7M | $116.0M | ||
| Loans held for sale | $3.4M | $2.3M | ||
| Loans (net of allowance for credit losses of $47,386 and $48,041, respectively) | $4.6B | $4.4B | ||
| Company owned life insurance | $176.4M | $166.9M | ||
| Premises and equipment, net | $39.9M | $39.9M | ||
| Goodwill | $58.1M | $58.1M | $67.1M | |
| Other intangible assets, net | $2.2M | $2.6M | ||
| Other assets | $267.7M | $301.7M | ||
| Total assets | $6.3B | $6.1B | ||
| Noninterest-bearing demand | $962.7M | $950.4M | ||
| Interest-bearing demand | $672.3M | $705.2M | ||
| Savings and money market | $1.9B | $1.9B | ||
| Time deposits | $1.7B | $1.5B | ||
| Total deposits | $5.2B | $5.1B | ||
| Short-term borrowings | $109.0M | $99.0M | ||
| Long-term borrowings, net of issuance costs of $1,347 and $158, respectively | $193.7M | $124.8M | ||
| Other liabilities | $136.3M | $219.5M | ||
| Total liabilities | $5.6B | $5.5B | ||
| Total preferred equity | $17.3M | $17.3M | ||
| Common stock, $0.01 par value; 50,000,000 shares authorized; 20,699,556 shares issued | $207.0K | $207.0K | ||
| Additional paid-in capital | $234.4M | $233.4M | ||
| Retained earnings | $437.1M | $388.7M | ||
| Accumulated other comprehensive loss | -$33.0M | -$52.6M | ||
| Treasury stock, at cost; 902,149 and 622,984 shares, respectively | -$27.1M | -$18.0M | ||
| Total shareholders equity | $628.9M | $569.0M | $454.8M | $405.6M |
| Total liabilities and shareholders equity | $6.3B | $6.1B | ||
| Securities available for sale, at fair value, amortized cost | $958.1M | $972.7M | ||
| Securities held to maturity, allowance for credit losses | $2.0K | $2.0K | ||
| Securities held to maturity, fair value | $76.3M | $104.6M | ||
| Loans, allowance for credit losses | $47.4M | $48.0M | $51.1M | $45.4M |
| Debt issuance costs | $1.3M | $158.0K | ||
| Preferred stock, par value | $100.00 | |||
| Preferred stock, shares authorized | 201.5K shares | |||
| Preferred stock, shares issued | 172.8K shares | 172.8K shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued | 20.7M shares | 20.7M shares | 16.1M shares | 16.1M shares |
| Treasury stock, shares | 902.1K shares | 623.0K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 |
|---|---|---|---|---|
| Cash and due from banks | $57.1M | $55.0M | ||
| Interest-bearing deposits in banks | $51.6M | $32.4M | ||
| Total cash and cash equivalents | $108.8M | $87.3M | ||
| Securities available for sale, at fair value (amortized cost of $958,142 and $972,720, respectively) | $922.5M | $911.1M | ||
| Securities held to maturity, at amortized cost (net of allowance for credit losses of $2) (fair value of $76,256 and $104,556, respectively) | $84.7M | $116.0M | ||
| Loans held for sale | $3.4M | $2.3M | ||
| Loans (net of allowance for credit losses of $47,386 and $48,041, respectively) | $4.6B | $4.4B | ||
| Company owned life insurance | $176.4M | $166.9M | ||
| Premises and equipment, net | $39.9M | $39.9M | ||
| Goodwill | $58.1M | $58.1M | $67.1M | |
| Other intangible assets, net | $2.2M | $2.6M | ||
| Other assets | $267.7M | $301.7M | ||
| Total assets | $6.3B | $6.1B | ||
| Noninterest-bearing demand | $962.7M | $950.4M | ||
| Interest-bearing demand | $672.3M | $705.2M | ||
| Savings and money market | $1.9B | $1.9B | ||
| Time deposits | $1.7B | $1.5B | ||
| Total deposits | $5.2B | $5.1B | ||
| Short-term borrowings | $109.0M | $99.0M | ||
| Long-term borrowings, net of issuance costs of $1,347 and $158, respectively | $193.7M | $124.8M | ||
| Other liabilities | $136.3M | $219.5M | ||
| Total liabilities | $5.6B | $5.5B | ||
| Total preferred equity | $17.3M | $17.3M | ||
| Common stock, $0.01 par value; 50,000,000 shares authorized; 20,699,556 shares issued | $207.0K | $207.0K | ||
| Additional paid-in capital | $234.4M | $233.4M | ||
| Retained earnings | $437.1M | $388.7M | ||
| Accumulated other comprehensive loss | -$33.0M | -$52.6M | ||
| Treasury stock, at cost; 902,149 and 622,984 shares, respectively | -$27.1M | -$18.0M | ||
| Total shareholders equity | $628.9M | $569.0M | $454.8M | $405.6M |
| Total liabilities and shareholders equity | $6.3B | $6.1B | ||
| Securities available for sale, at fair value, amortized cost | $958.1M | $972.7M | ||
| Securities held to maturity, allowance for credit losses | $2.0K | $2.0K | ||
| Securities held to maturity, fair value | $76.3M | $104.6M | ||
| Loans, allowance for credit losses | $47.4M | $48.0M | $51.1M | $45.4M |
| Debt issuance costs | $1.3M | $158.0K | ||
| Preferred stock, par value | $100.00 | |||
| Preferred stock, shares authorized | 201.5K shares | |||
| Preferred stock, shares issued | 172.8K shares | 172.8K shares | ||
| Common stock, par value | $0.01 | $0.01 | ||
| Common stock, shares authorized | 50.0M shares | 50.0M shares | ||
| Common stock, shares issued | 20.7M shares | 20.7M shares | 16.1M shares | 16.1M shares |
| Treasury stock, shares | 902.1K shares | 623.0K shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 3 fiscal years, latest first.7
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net income (loss) | $74.9M | -$41.6M | $50.3M |
| Depreciation and amortization | $7.9M | $7.7M | $8.1M |
| Net amortization of (discounts) premiums on investment securities | -$6.4M | $1.9M | $3.5M |
| Provision for credit losses | $11.6M | $6.2M | $13.7M |
| Share-based compensation | $3.1M | $1.6M | $1.7M |
| Provision for litigation settlement | $0 | $23.0M | $0 |
| Deferred income tax expense (benefit) | $11.5M | -$35.3M | -$1.3M |
| Proceeds from sale of loans held for sale | $46.1M | $34.5M | $19.3M |
| Originations of loans held for sale | -$46.4M | -$34.8M | -$19.6M |
| Income on company owned life insurance | -$11.4M | -$5.5M | -$12.1M |
| Net gain on sale of loans held for sale | -$737.0K | -$618.0K | -$566.0K |
| Net (gain) loss on sale of investment securities | -$931.0K | $100.1M | $3.6M |
| Net gain on sale of assets of subsidiary | $0 | -$13.7M | $0 |
| Net loss on other assets | $506.0K | $44.0K | $6.0K |
| Decrease (increase) in other assets | $13.0M | $20.5M | -$56.0M |
| (Decrease) increase in other liabilities | -$83.9M | $13.2M | $372.0K |
| Net cash provided by operating activities | $18.8M | $77.1M | $10.9M |
| Purchases of available for sale securities | -$324.1M | -$902.8M | -$51.5M |
| Purchases of held to maturity securities | -$3.9M | -$3.0M | -$3.1M |
| Proceeds from principal payments, maturities and calls on available for sale securities | $184.7M | $260.1M | $83.4M |
| Proceeds from principal payments, maturities and calls on held to maturity securities | $35.2M | $35.0M | $43.6M |
| Proceeds from sales of securities available for sale | $161.5M | $606.3M | $50.5M |
| Net increase in loans | -$189.6M | -$25.8M | -$420.2M |
| Purchase of company owned life insurance, net of benefits received | -$72.3M | -$30.0K | -$53.7M |
| Proceeds from surrender of company owned life insurance | $74.0M | $0 | $43.9M |
| Proceeds from sale of assets of subsidiary | $0 | $27.0M | $0 |
| Proceeds from sale of other assets | $97.0K | $0 | $0 |
| Purchases of premises and equipment | -$5.5M | -$5.0M | -$3.0M |
| Net cash used in investing activities | -$140.0M | -$8.2M | -$310.1M |
| Net increase (decrease) in deposits | $101.6M | -$108.2M | $283.5M |
| More than three months - borrowings | $0 | $0 | $78.0M |
| 'More than three months - repayments | $0 | -$78.0M | $0 |
| 'Three months or less, net | $10.0M | -$8.0M | -$98.0M |
| Repurchase of preferred stock | $0 | -$7.0K | $0 |
| Proceeds from issuance of common stock | $0 | $108.6M | $0 |
| Issuance of long-term borrowings | $80.0M | $0 | $50.0M |
| Payment of long-term borrowings | -$10.0M | $0 | $0 |
| Long-term borrowing issuance costs | -$1.4M | $0 | $0 |
| Purchases of common stock for treasury | -$11.4M | -$426.0K | -$571.0K |
| Cash dividends paid to preferred shareholders | -$1.5M | -$1.5M | -$1.5M |
| Cash dividends paid to common shareholders | -$24.7M | -$18.5M | -$18.3M |
| Net cash provided by (used in) financing activities | $142.7M | -$106.0M | $293.2M |
| Net increase (decrease) in cash and cash equivalents | $21.4M | -$37.1M | -$6.0M |
No quarter-by-quarter statement was filed.
Leadership
Who has led FINANCIAL INSTITUTIONS INC, and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
- Chief executive officerMartin Kearney Birmingham Aug 12, 2013 to now11
- Chief executive officerPeter G. Humphrey Jul 28, 2006 to Sep 10, 201212
- PresidentMartin Kearney Birmingham Sep 11, 2012 to now13
- Chief financial officerWilliam Jack Plants Ii. Feb 18, 2021 to now14
- Chief financial officerKevin B. Klotzbach Jan 23, 2014 to Feb 28, 201915
- Chief financial officerKarl Francis Krebs Oct 2, 2009 to Apr 17, 201316
- Chief financial officerRonald A. Miller Feb 13, 2006 to Mar 19, 200917
Board members and other officers (58)
- Chief Consumer Baking OfficerEric W. Marks Mar 17, 2025 to now18
- Chief Risk OfficerGary A. Pacos Feb 10, 2023 to now19
- Chief Banking OfficerReid A. Whiting Dec 14, 2023 to Mar 11, 202420
- Chief Marketing OfficerBlake G. Jones Dec 18, 2023 to now21
- Senior Vice PresidentLaurie R. Collins Aug 6, 2021 to now22
- Vice PresidentBethany L. Bowers Mar 5, 2019 to May 23, 201923
- Senior Vice PresidentRandall R. Phillips Mar 5, 2019 to May 23, 202224
- Senior Vice PresidentValerie C. Benjamin Jul 25, 2018 to Feb 27, 202025
- Executive Vice PresidentJustin K. Bigham Nov 2, 2018 to May 5, 202326
- Senior Vice PresidentEdward S. Oexle Feb 1, 2017 to Feb 28, 201927
- Senior Vice PresidentSamuel J. Burruano Jr. Feb 1, 2017 to Mar 21, 202428
- Senior Vice PresidentVito Caraccio Feb 1, 2017 to Mar 7, 201829
- Senior Vice PresidentSean M. Willett Aug 23, 2017 to Mar 23, 202330
- Senior Vice PresidentCharles J. Guarino Feb 3, 2016 to Mar 1, 201831
- Senior Vice PresidentMichael D. Burneal Feb 3, 2016 to Aug 2, 201832
- Senior Vice PresidentDavid G. Case Jun 8, 2016 to Oct 30, 202033
- Senior Vice PresidentJoseph L. Dugan Jul 29, 2016 to May 7, 202034
- EVP, CAO, Gen'l Counsel & CROWilliam L. Kreienberg Aug 19, 2016 to Feb 27, 202035
- Chief Accounting OfficerMichael David Grover May 2, 2013 to May 23, 201936
- Senior Vice PresidentJeffrey Patrick Kenefick May 17, 2013 to Mar 1, 201837
- Senior Vice PresidentSonia Marie Dumbleton May 17, 2013 to Mar 21, 202438
- Senior Vice PresidentPaula Dollinger Dolan Sep 27, 2013 to Mar 1, 201839
- EVP & Chief Risk OfficerKenneth Vincent Winn Jul 6, 2012 to Sep 3, 201440
- SVP & Corporate SecretaryJohn Leonard Rizzo Feb 25, 2010 to Feb 20, 201341
- Senior Vice PresidentRita Marie Bartol Dec 16, 2010 to Feb 25, 201342
- Senior Vice PresidentJohn Joseph Witkowski May 14, 2009 to Feb 27, 201243
- Senior Vice PresidentMartin Kearney Birmingham May 14, 2009 to Mar 6, 201244
- Senior Vice PresidentMatthew T. Murtha May 14, 2009 to May 14, 200945
- Senior Vice PresidentRichard J. Harrison May 14, 2009 to Jan 28, 201646
- Chief Risk OfficerGeorge Daniel Hagi Jan 11, 2006 to Feb 27, 201247
- Sr VP & Dir of Human ResourcesBruce Heath Nagle Feb 10, 2006 to Feb 11, 201048
- Senior VP & TreasurerKevin B. Klotzbach Feb 13, 2006 to Feb 15, 201349
- EVP & Chief of Comm. BankingJames Tracy Rudgers Jul 28, 2006 to Mar 19, 200950
- Board memberDavid Bovenzi May 21, 2026 to now51
- Board memberSteven C. Finch May 21, 2026 to now52
- Board memberAngela J. Panzarella Jan 27, 2025 to now53
- Board memberRobert L. Schrader May 29, 2025 to now54
- Board memberBruce W. Harting Sep 1, 2022 to now55
- Board memberMark Zupan Jun 17, 2021 to now56
- Board memberMauricio F. Riveros Jun 17, 2021 to Jun 7, 202457
- Board memberDonald Boswell Jun 21, 2017 to now58
- Board memberDawn H. Burlew Nov 21, 2017 to now59
- Board memberKim E. Vangelder Jun 7, 2016 to now60
- Board memberAndrew W. Dorn Jr. May 9, 2014 to now61
- Board memberJames Leon Robinson May 4, 2007 to May 7, 201562
- Board memberJames H. Wyckoff Feb 13, 2006 to Jun 21, 201863
- Board memberSamuel M. Gullo Mar 10, 2006 to Dec 16, 202464
- Board memberBarton P. Dambra Mar 27, 2006 to Dec 2, 201365
- Board memberErland E. Kailbourne May 5, 2006 to May 4, 201866
- Board memberJohn E. Benjamin May 5, 2006 to Jan 30, 201767
- Board memberJohn R. Tyler Jr. May 5, 2006 to Feb 26, 200968
- Board memberKarl Valentine Anderson Jr. May 5, 2006 to Jun 19, 202069
- Board memberRobert N. Latella May 5, 2006 to now70
- Board memberSusan R. Holliday May 5, 2006 to now71
- Board memberThomas P. Connolly May 5, 2006 to May 8, 200972
- Board memberPeter G. Humphrey Jul 28, 2006 to Feb 11, 201412
- General counselSamuel J. Burruano Jr. Dec 16, 2024 to now73
- General counselWilliam L. Kreienberg Dec 31, 2014 to Jan 28, 201674
Timeline
Filings
390 filings to the SEC since October 2021: 5 annual reports, 16 quarterly reports, 76 major events, 233 insider forms, 22 large holders, 1 private raises, 37 other. The latest 20:
- Sep 28, 20264 EDGAR
- Sep 8, 20268-K EDGAR
- Sep 3, 20264 EDGAR
- Aug 26, 20268-K EDGAR
- Aug 3, 202610-Q EDGAR
- Jul 28, 2026SCHEDULE 13G/A EDGAR
- Jul 23, 20268-K EDGAR
- Jul 14, 2026SCHEDULE 13G EDGAR
- Jun 18, 202611-K EDGAR
- May 21, 20264 EDGAR
- May 21, 20263 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20263 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
- May 21, 20264 EDGAR
The 390 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last three years, summarized. The full record is on SEC EDGAR.
Insider trades and holders
Large holders
Investors who own more than 5% must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively. 22 such filings since October 2021, the latest 10:
- Jul 28, 2026SCHEDULE 13G/A
- Jul 14, 2026SCHEDULE 13G
- May 15, 2026SCHEDULE 13G/A
- Mar 26, 2026SCHEDULE 13G/A
- Feb 10, 2026SCHEDULE 13G
- Oct 2, 2025SCHEDULE 13D/A
- Aug 15, 2025SCHEDULE 13D/A
- Jul 15, 2025SCHEDULE 13G/A
- Apr 30, 2025SCHEDULE 13G
- Apr 15, 2025SCHEDULE 13G
From Forms 4 and Schedules 13D and 13G filed with the SEC.
Money raised
Private offerings the company reported to the SEC on Form D.
- Dec 11, 2025Raised $80 million in a private offering of debt Form D: 35 investors so far Form D
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
Members of Congress who traded it
1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.
| Date | Member | Trade | Amount | Vs S&P since | Filing |
|---|---|---|---|---|---|
| Nov 20, 2020 | Joseph D. MorelleDemocratic, House | Sale | $1,001 - $15,000 | +25.4% | Report |
Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 13SEC EDGARMartin Kearney Birmingham, President
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- 19SEC EDGARGary A. Pacos, Chief Risk Officer
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- 23SEC EDGARBethany L. Bowers, Vice President
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- 29SEC EDGARVito Caraccio, Senior Vice President
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- 33SEC EDGARDavid G. Case, Senior Vice President
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- 51SEC EDGARDavid Bovenzi, Board member
- 52SEC EDGARSteven C. Finch, Board member
- 53SEC EDGARAngela J. Panzarella, Board member
- 54SEC EDGARRobert L. Schrader, Board member
- 55SEC EDGARBruce W. Harting, Board member
- 56SEC EDGARMark Zupan, Board member
- 57SEC EDGARMauricio F. Riveros, Board member
- 58SEC EDGARDonald Boswell, Board member
- 59SEC EDGARDawn H. Burlew, Board member
- 60SEC EDGARKim E. Vangelder, Board member
- 61SEC EDGARAndrew W. Dorn Jr., Board member
- 62SEC EDGARJames Leon Robinson, Board member
- 63SEC EDGARJames H. Wyckoff, Board member
- 64SEC EDGARSamuel M. Gullo, Board member
- 65SEC EDGARBarton P. Dambra, Board member
- 66SEC EDGARErland E. Kailbourne, Board member
- 67SEC EDGARJohn E. Benjamin, Board member
- 68SEC EDGARJohn R. Tyler Jr., Board member
- 69
- 70SEC EDGARRobert N. Latella, Board member
- 71SEC EDGARSusan R. Holliday, Board member
- 72SEC EDGARThomas P. Connolly, Board member
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