Payload Logo

Financial Institutions: Q4 Earnings Snapshot

By AP News
Published

WARSAW, N.Y. (AP) — WARSAW, N.Y. (AP) — Financial Institutions Inc. (FISI) on Thursday reported net income of $9.8 million in its fourth quarter.

The bank, based in Warsaw, New York, said it had earnings of 61 cents per share.

The holding company for Five Star Bank posted revenue of $91.9 million in the period. Its revenue net of interest expense was $55.3 million, topping Street forecasts.

For the year, the company reported profit of $50.3 million, or $3.15 per share. Revenue was reported as $214 million.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FISI at https://www.zacks.com/ap/FISI

📬 Sign up for the Daily Brief

Our free, fast and fun briefing on the global economy, delivered every weekday morning.