FISI Financial Institutions Inc.

Financial Institutions, Inc. Announces 3.4% Increase in Common Stock Dividend

Financial Institutions, Inc. Announces 3.4% Increase in Common Stock Dividend

13th Consecutive Annual Increase

WARSAW, N.Y., Feb. 17, 2023 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank (the “Bank”), SDN Insurance Agency, LLC, Courier Capital, LLC and HNP Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share, an increase of $0.01 or 3.4% from the most recent quarter.

“Our Board’s confidence in the Company’s strategy and earnings potential support this increase,” said President and Chief Executive Officer Martin K. Birmingham. “Today’s announcement represents our 13th consecutive annual dividend increase and demonstrates a strong commitment to shareholder return.”

The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable April 3, 2023, to shareholders of record on March 16, 2023.

About Financial Institutions, Inc.

Financial Institutions, Inc. (NASDAQ: FISI) is an innovative financial holding company with approximately $5.8 billion in assets offering banking, insurance and wealth management products and services through a network of subsidiaries. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities and businesses through its Western and Central New York branch network and its Mid-Atlantic commercial loan production office serving the Baltimore and Washington, D.C. region. SDN Insurance Agency, LLC provides a broad range of insurance services to personal and business clients, while Courier Capital, LLC and HNP Capital, LLC offer customized investment management, consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Learn more at -starbank.com and -Investors.com.

For additional information contact:

Pamela A. Kennard

Investor Relations Analyst

(585) 584-1549



EN
17/02/2023

Underlying

FISIFinancial Institutions Inc.

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Financial Institutions Inc.

 PRESS RELEASE
Free
FISI Financial Insti...

Financial Institutions, Inc. Announces First Quarter 2025 Results

Financial Institutions, Inc. Announces First Quarter 2025 Results WARSAW, N.Y., April 28, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the "Company," "we" or "us"), parent company of Five Star Bank (the "Bank") and Courier Capital, LLC ("Courier Capital"), today reported financial and operational results for the first quarter ended March 31, 2025. The Company reported net income of $16.9 million in the first quarter of 2025, compared to a net loss of $82.8 million in the fourth quarter of 2024 and net income of $2.1 million in the first quarter of 2024. After pre...

April 28, 2025 1 EN
 PRESS RELEASE
Free
FISI Financial Insti...

Financial Institutions, Inc. Schedules First Quarter 2025 Earnings Rel...

Financial Institutions, Inc. Schedules First Quarter 2025 Earnings Release and Conference Call WARSAW, N.Y., April 01, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), the parent company of Five Star Bank and Courier Capital, LLC, will release results for the first quarter ending March 31, 2025 after the market closes on April 28, 2025. Management will host an earnings conference call and audio webcast on April 29, 2025 at 8:30 a.m. Eastern Time. The call will be hosted by Martin K. Birmingham, President and Chief Executive Officer, and W. Jack Plants...

April 1, 2025 1 EN
 PRESS RELEASE
Free
FISI Financial Insti...

Financial Institutions, Inc. Settles Auto Lending Litigation

Financial Institutions, Inc. Settles Auto Lending Litigation WARSAW, N.Y., March 10, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank (the “Bank”), announced that it has settled civil litigation in connection with the Bank’s auto loan notification process. The legal action, which had been pending in Pennsylvania state court since 2017, related to language in repossession notices issued between 2011 and 2021 to defaulting borrowers. The Company executed a settlement agreement in connection with the class action lawsuit ...

March 10, 2025 1 EN
 PRESS RELEASE
Free
FISI Financial Insti...

Five Star Bank Appoints Eric Marks Chief Consumer Banking Officer

Five Star Bank Appoints Eric Marks Chief Consumer Banking Officer Mr. Marks brings nearly 20 years of banking experience to the more than $6-billion-asset community bank serving Western and Central New York WARSAW, N.Y., March 06, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank (“Five Star” or the “Bank”) and Courier Capital, LLC, announced that Eric W. Marks has joined as Senior Vice President, Chief Consumer Banking Officer of the Bank. As Chief Consumer Banking Officer, Mr. Marks will have executive leadership and strategic over...

March 6, 2025 1 EN
 PRESS RELEASE
Free
FISI Financial Insti...

Financial Institutions, Inc. Announces 3.3% Increase in Common Stock D...

Financial Institutions, Inc. Announces 3.3% Increase in Common Stock Dividend WARSAW, N.Y., Feb. 13, 2025 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, announced that on February 12, 2025, its Board of Directors approved a quarterly cash dividend of $0.31 per outstanding common share, an increase of $0.01, or 3.3%, from the most recent quarter. “The increase in our quarterly cash dividend is reflective of both our Board’s ongoing commitment to building shareholder value and its confidence in the...

February 13, 2025 1 EN

ResearchPool Subscriptions

Get the most out of your insights

Get in touch