Financial Institutions (FISI) Financials

$22.35 -0.11 (-0.49%)

Closing price 04/17/2025 04:00 PM Eastern

Extended Trading

$22.58 +0.23 (+1.03%)

As of 04/17/2025 04:07 PM Eastern

Annual Income Statements for Financial Institutions

This table shows Financial Institutions' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	55	49	-43
Consolidated Net Income / (Loss)	57	50	-42
Net Income / (Loss) Continuing Operations	57	50	-42
Total Pre-Tax Income	71	63	-68
Total Revenue	214	214	117
Net Interest Income / (Expense)	167	166	164
Total Interest Income	196	286	313
Loans and Leases Interest Income	171	259	282
Investment Securities Interest Income	25	28	31
Total Interest Expense	29	120	150
Deposits Interest Expense	23	107	140
Short-Term Borrowings Interest Expense	1.50	6.89	3.37
Long-Term Debt Interest Expense	4.24	6.17	6.27
Total Non-Interest Income	46	48	-47
Trust Fees by Commissions	11	11	11
Service Charges on Deposit Accounts	6.36	6.71	2.14
Other Service Charges	19	19	18
Net Realized & Unrealized Capital Gains on Investments	2.30	-1.92	-86
Investment Banking Income	1.29	1.78	2.38
Other Non-Interest Income	5.54	12	5.49
Provision for Credit Losses	13	14	6.15
Total Non-Interest Expense	129	137	179
Salaries and Employee Benefits	70	72	66
Net Occupancy & Equipment Expense	33	35	37
Marketing Expense	2.01	1.93	1.57
Property & Liability Insurance Claims	2.44	4.90	5.28
Other Operating Expenses	20	23	68
Amortization Expense	0.99	0.91	0.55
Restructuring Charge	1.62	0.11	0.04
Income Tax Expense	14	13	-27
Preferred Stock Dividends Declared	1.46	1.46	1.46
Basic Earnings per Share	$3.58	$3.17	($2.75)
Weighted Average Basic Shares Outstanding	15.38M	15.38M	15.68M
Diluted Earnings per Share	$3.56	$3.15	($2.75)
Weighted Average Diluted Shares Outstanding	15.47M	15.48M	15.68M
Weighted Average Basic & Diluted Shares Outstanding	15.38M	15.41M	20.08M
Cash Dividends to Common per Share	$1.16	$1.20	$1.20

This table shows Financial Institutions' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	13	12	12	14	14	9.42	1.71	25	13	-83
Consolidated Net Income / (Loss)	14	12	12	14	14	9.78	2.07	26	13	-83
Net Income / (Loss) Continuing Operations	14	12	12	14	14	9.78	2.07	26	13	-83
Total Pre-Tax Income	19	14	15	17	16	15	2.43	30	15	-115
Total Revenue	56	54	53	54	52	55	51	65	50	-49
Net Interest Income / (Expense)	43	43	42	42	42	40	40	41	41	42
Total Interest Income	51	58	64	71	75	77	78	79	78	78
Loans and Leases Interest Income	44	51	57	64	68	69	70	71	71	70
Investment Securities Interest Income	6.27	6.56	6.67	7.06	6.43	7.39	8.08	8.11	6.69	8.14
Total Interest Expense	7.61	15	22	29	33	37	38	38	37	36
Deposits Interest Expense	5.88	13	19	24	29	35	35	35	35	35
Short-Term Borrowings Interest Expense	0.67	0.55	1.20	3.16	2.24	0.29	1.53	0.96	0.86	0.02
Long-Term Debt Interest Expense	1.06	1.06	1.46	1.57	1.57	1.57	1.56	1.56	1.57	1.57
Total Non-Interest Income	13	11	11	11	10	15	11	24	9.44	-91
Trust Fees by Commissions	2.72	2.82	2.92	2.82	2.54	2.67	2.58	2.78	2.80	2.56
Service Charges on Deposit Accounts	1.57	1.46	2.09	1.33	1.68	1.62	2.13	0.00	0.00	0.00
Other Service Charges	5.33	4.86	4.22	4.59	4.85	4.95	4.67	4.65	4.44	4.71
Net Realized & Unrealized Capital Gains on Investments	0.00	0.73	0.45	1.31	0.00	-3.67	-0.13	14	0.40	-101
Investment Banking Income	0.07	0.19	0.25	0.47	0.39	0.67	0.34	0.80	0.40	0.84
Other Non-Interest Income	2.97	0.88	0.99	0.95	1.03	9.13	1.30	1.36	1.40	1.43
Provision for Credit Losses	4.31	6.12	4.21	3.23	0.97	5.27	-5.46	2.04	3.10	6.46
Total Non-Interest Expense	33	34	34	34	35	35	54	33	32	59
Salaries and Employee Benefits	18	18	18	18	18	18	17	16	16	17
Net Occupancy & Equipment Expense	8.20	8.22	8.42	8.29	8.90	9.30	9.14	8.79	8.72	10
Marketing Expense	0.65	0.58	0.31	0.50	0.74	0.37	0.30	0.44	0.37	0.47
Property & Liability Insurance Claims	0.65	0.66	1.12	1.24	1.23	1.32	1.30	1.35	1.09	1.55
Other Operating Expenses	5.13	5.37	5.44	5.79	5.53	5.81	26	6.58	6.29	30
Amortization Expense	0.24	0.24	0.23	0.23	0.23	0.22	0.22	0.11	0.11	0.11
Restructuring Charge	0.00	-	0.00	-0.02	-0.06	0.19	0.00	0.00	0.00	0.04
Income Tax Expense	4.73	2.37	2.78	2.42	2.44	5.16	0.36	4.52	1.08	-32
Preferred Stock Dividends Declared	0.37	0.36	0.37	0.36	0.37	0.37	0.37	0.36	0.37	0.37
Basic Earnings per Share	$0.88	$0.76	$0.76	$0.91	$0.89	$0.61	$0.11	$1.64	$0.85	($5.35)
Weighted Average Basic Shares Outstanding	15.34M	15.38M	15.38M	15.40M	15.40M	15.38M	15.45M	15.47M	15.47M	15.68M
Diluted Earnings per Share	$0.88	$0.76	$0.76	$0.91	$0.88	$0.60	$0.11	$1.62	$0.84	($5.32)
Weighted Average Diluted Shares Outstanding	15.34M	15.47M	15.38M	15.40M	15.40M	15.48M	15.45M	15.47M	15.47M	15.68M
Weighted Average Basic & Diluted Shares Outstanding	15.34M	15.38M	15.38M	15.40M	15.40M	15.41M	15.45M	15.47M	15.47M	20.08M
Cash Dividends to Common per Share	$0.29	$0.29	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30	$0.30

This table details how cash moves in and out of Financial Institutions' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Net Change in Cash & Equivalents	51	-6.02	-37
Net Cash From Operating Activities	134	11	77
Net Cash From Continuing Operating Activities	134	11	77
Net Income / (Loss) Continuing Operations	57	50	-42
Consolidated Net Income / (Loss)	57	50	-42
Provision For Loan Losses	13	14	29
Depreciation Expense	8.11	8.09	7.68
Amortization Expense	4.97	3.47	1.90
Non-Cash Adjustments to Reconcile Net Income	-0.09	-8.90	46
Changes in Operating Assets and Liabilities, net	51	-56	34
Net Cash From Investing Activities	-325	-310	-8.23
Net Cash From Continuing Investing Activities	-325	-310	-8.23
Purchase of Property, Leasehold Improvements and Equipment	-8.37	-2.99	-4.97
Purchase of Investment Securities	-526	-529	-932
Sale and/or Maturity of Investments	209	221	928
Net Cash From Financing Activities	243	293	-106
Net Cash From Continuing Financing Activities	243	293	-106
Net Change in Deposits	102	283	-108
Issuance of Debt	0.00	50	0.00
Issuance of Common Equity	0.00	0.00	109
Repayment of Debt	175	-20	-86
Repurchase of Preferred Equity	0.00	0.00	-0.01
Repurchase of Common Equity	-15	-0.57	-0.43
Payment of Dividends	-19	-20	-20

This table details how cash moves in and out of Financial Institutions' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	8.88	12	9.51	40	12	-68	113	-91	103	-162
Net Cash From Operating Activities	36	16	6.56	8.25	44	-48	12	36	2.15	27
Net Cash From Continuing Operating Activities	36	16	6.56	8.29	44	-48	12	36	2.17	27
Net Income / (Loss) Continuing Operations	14	12	12	14	14	9.78	2.07	26	13	-83
Consolidated Net Income / (Loss)	14	12	12	14	14	9.78	2.07	26	13	-83
Provision For Loan Losses	4.31	6.12	4.21	3.23	0.97	5.27	-5.46	2.04	3.10	29
Depreciation Expense	1.82	2.07	2.07	2.02	1.99	2.01	2.03	1.87	1.83	1.96
Amortization Expense	1.23	1.00	0.88	0.91	-4.47	6.15	0.72	0.74	0.56	-0.12
Non-Cash Adjustments to Reconcile Net Income	-0.98	-1.37	-0.20	-1.33	-1.44	-5.95	3.91	-17	-2.71	62
Changes in Operating Assets and Liabilities, net	15	-3.79	-12	-11	33	-65	9.02	22	-14	16
Net Cash From Investing Activities	-67	-160	-165	-115	-4.02	-27	-26	73	80	-135
Net Cash From Continuing Investing Activities	-31	-195	-165	-115	-4.02	-27	-26	73	80	-135
Purchase of Property, Leasehold Improvements and Equipment	-1.64	-2.73	-0.85	-0.38	-0.51	-1.25	-1.17	-0.95	-2.45	-0.40
Purchase of Investment Securities	-96	-224	-196	-155	-35	-142	-48	-81	50	-852
Sale and/or Maturity of Investments	67	31	32	41	32	116	23	155	32	718
Net Cash From Financing Activities	40	155	168	147	-28	6.95	126	-199	21	-54
Net Cash From Continuing Financing Activities	-116	312	168	147	-28	6.95	126	-199	21	-54
Net Change in Deposits	-71	180	212	-106	281	-103	184	-263	173	-202
Repayment of Debt	-40	136	-89	258	-304	115	-52	69	-147	44
Repurchase of Common Equity	-	-0.01	-0.56	-0.00	-	-0.01	-0.39	-0.00	-0.03	-0.00
Payment of Dividends	-4.81	-4.81	-4.81	-4.98	-4.97	-4.98	-4.98	-4.99	-5.00	-5.01

This table presents Financial Institutions' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Total Assets	5,797	6,161	6,117
Cash and Due from Banks	130	71	55
Interest Bearing Deposits at Other Banks	-	53	32
Trading Account Securities	955	889	913
Loans and Leases, Net of Allowance	4,005	4,411	4,431
Premises and Equipment, Net	42	40	40
Intangible Assets	73	73	61
Other Assets	591	624	585
Total Liabilities & Shareholders' Equity	5,797	6,161	6,117
Total Liabilities	5,392	5,706	5,548
Non-Interest Bearing Deposits	1,139	1,011	950
Interest Bearing Deposits	3,790	4,202	4,154
Short-Term Debt	205	185	99
Long-Term Debt	74	125	125
Other Long-Term Liabilities	183	184	220
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	406	455	569
Total Preferred & Common Equity	406	455	569
Preferred Stock	17	17	17
Total Common Equity	388	438	552
Common Stock	127	126	234
Retained Earnings	421	452	389
Treasury Stock	-22	-20	-18
Accumulated Other Comprehensive Income / (Loss)	-137	-120	-53

This table presents Financial Institutions' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	5,624	5,967	6,141	6,140	6,299	6,132	6,156
Cash and Due from Banks	119	140	180	192	237	146	250
Trading Account Securities	968	946	1,073	856	924	874	889
Loans and Leases, Net of Allowance	0.00	0.00	0.00	0.00	0.00	4,418	4,358
Premises and Equipment, Net	41	42	41	40	40	40	41
Intangible Assets	74	73	73	73	72	61	61
Other Assets	601	390	427	598	626	594	557
Total Liabilities & Shareholders' Equity	5,624	5,967	6,141	6,140	6,299	6,132	6,156
Total Liabilities	5,230	5,544	5,715	5,731	5,853	5,664	5,656
Non-Interest Bearing Deposits	1,135	1,067	1,023	1,035	973	939	979
Interest Bearing Deposits	3,770	4,074	4,012	4,281	4,424	4,194	4,328
Short-Term Debt	69	116	374	70	133	202	55
Long-Term Debt	74	124	124	124	125	125	125
Other Long-Term Liabilities	182	163	182	221	198	204	170
Total Equity & Noncontrolling Interests	394	440	426	409	446	468	500
Total Preferred & Common Equity	394	423	426	409	446	468	500
Preferred Stock	17	35	17	17	17	17	17
Total Common Equity	377	406	409	391	428	450	483
Common Stock	126	126	126	126	125	125	125
Retained Earnings	414	428	438	447	449	469	478
Treasury Stock	-23	-21	-20	-20	-19	-18	-18
Accumulated Other Comprehensive Income / (Loss)	-141	-127	-134	-161	-126	-126	-102

This table displays calculated financial ratios and metrics derived from Financial Institutions' official financial filings.

Metric	2022	2023	2024
Growth Metrics	-	-	-
Revenue Growth	5.95%	0.15%	-45.36%
EBITDA Growth	-24.12%	-11.23%	-178.51%
EBIT Growth	-27.00%	-11.16%	-208.08%
NOPAT Growth	-27.19%	-11.15%	-194.91%
Net Income Growth	-27.19%	-11.15%	-182.85%
EPS Growth	-25.52%	-11.52%	-187.30%
Operating Cash Flow Growth	83.07%	-91.84%	607.98%
Free Cash Flow Firm Growth	-220.53%	-52.27%	-160.63%
Invested Capital Growth	12.44%	11.61%	3.73%
Revenue Q/Q Growth	0.73%	0.55%	-47.24%
EBITDA Q/Q Growth	-10.57%	8.05%	-175.15%
EBIT Q/Q Growth	-11.67%	0.76%	-209.82%
NOPAT Q/Q Growth	-11.74%	-4.39%	-193.64%
Net Income Q/Q Growth	-11.74%	-4.39%	-181.75%
EPS Q/Q Growth	-11.22%	-4.83%	-186.75%
Operating Cash Flow Q/Q Growth	-11.50%	-85.42%	3,058.35%
Free Cash Flow Firm Q/Q Growth	-120.26%	-118.09%	-193.17%
Invested Capital Q/Q Growth	27.48%	26.72%	16.57%
Profitability Metrics	-	-	-
EBITDA Margin	39.34%	34.87%	-50.10%
EBIT Margin	33.22%	29.47%	-58.29%
Profit (Net Income) Margin	26.48%	23.49%	-35.62%
Tax Burden Percent	79.71%	79.72%	61.11%
Interest Burden Percent	100.00%	100.00%	100.00%
Effective Tax Rate	20.29%	20.28%	0.00%
Return on Invested Capital (ROIC)	8.74%	6.94%	-6.13%
ROIC Less NNEP Spread (ROIC-NNEP)	8.74%	6.94%	-3.86%
Return on Net Nonoperating Assets (RNNOA)	3.68%	4.75%	-2.01%
Return on Equity (ROE)	12.42%	11.68%	-8.14%
Cash Return on Invested Capital (CROIC)	-2.97%	-4.04%	-9.79%
Operating Return on Assets (OROA)	1.25%	1.05%	-1.11%
Return on Assets (ROA)	1.00%	0.84%	-0.68%
Return on Common Equity (ROCE)	11.95%	11.21%	-7.86%
Return on Equity Simple (ROE_SIMPLE)	13.95%	11.05%	-7.32%
Net Operating Profit after Tax (NOPAT)	57	50	-48
NOPAT Margin	26.48%	23.49%	-40.80%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	-2.27%
SG&A Expenses to Revenue	48.86%	50.81%	89.60%
Operating Expenses to Revenue	60.55%	64.14%	153.03%
Earnings before Interest and Taxes (EBIT)	71	63	-68
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	84	75	-59
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	0.85	0.71	0.77
Price to Tangible Book Value (P/TBV)	1.05	0.85	0.86
Price to Revenue (P/Rev)	1.55	1.45	3.61
Price to Earnings (P/E)	6.01	6.35	0.00
Dividend Yield	5.37%	5.96%	4.40%
Earnings Yield	16.64%	15.74%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.73	0.67	0.73
Enterprise Value to Revenue (EV/Rev)	2.33	2.40	4.93
Enterprise Value to EBITDA (EV/EBITDA)	5.92	6.87	0.00
Enterprise Value to EBIT (EV/EBIT)	7.01	8.13	0.00
Enterprise Value to NOPAT (EV/NOPAT)	8.79	10.20	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	3.72	47.05	7.47
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.69	0.68	0.39
Long-Term Debt to Equity	0.18	0.27	0.22
Financial Leverage	0.42	0.68	0.52
Leverage Ratio	12.43	13.90	11.99
Compound Leverage Factor	12.43	13.90	11.99
Debt to Total Capital	40.77%	40.50%	28.23%
Short-Term Debt to Total Capital	29.93%	24.20%	12.49%
Long-Term Debt to Total Capital	10.84%	16.29%	15.75%
Preferred Equity to Total Capital	2.53%	2.26%	2.18%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	56.70%	57.24%	69.59%
Debt to EBITDA	3.32	4.15	-3.82
Net Debt to EBITDA	1.77	2.48	-2.33
Long-Term Debt to EBITDA	0.88	1.67	-2.13
Debt to NOPAT	4.94	6.16	-4.69
Net Debt to NOPAT	2.63	3.68	-2.86
Long-Term Debt to NOPAT	1.31	2.48	-2.62
Noncontrolling Interest Sharing Ratio	3.80%	4.02%	3.38%
Liquidity Ratios	-	-	-
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-19	-29	-76
Operating Cash Flow to CapEx	1,596.04%	364.10%	1,550.60%
Free Cash Flow to Firm to Interest Expense	-0.67	-0.24	-0.51
Operating Cash Flow to Interest Expense	4.65	0.09	0.52
Operating Cash Flow Less CapEx to Interest Expense	4.36	0.07	0.48
Efficiency Ratios	-	-	-
Asset Turnover	0.04	0.04	0.02
Fixed Asset Turnover	5.20	5.23	2.93
Capital & Investment Metrics	-	-	-
Invested Capital	685	764	793
Invested Capital Turnover	0.33	0.30	0.15
Increase / (Decrease) in Invested Capital	76	80	28
Enterprise Value (EV)	497	513	576
Market Capitalization	331	310	422
Book Value per Share	$25.32	$28.40	$35.65
Tangible Book Value per Share	$20.53	$23.70	$31.73
Total Capital	685	764	793
Total Debt	279	310	224
Total Long-Term Debt	74	125	125
Net Debt	149	185	137
Capital Expenditures (CapEx)	8.37	2.99	4.97
Net Nonoperating Expense (NNE)	0.00	0.00	-6.06
Net Nonoperating Obligations (NNO)	279	310	224
Total Depreciation and Amortization (D&A)	13	12	9.57
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$3.58	$3.17	($2.75)
Adjusted Weighted Average Basic Shares Outstanding	15.38M	15.38M	15.68M
Adjusted Diluted Earnings per Share	$3.56	$3.15	($2.75)
Adjusted Weighted Average Diluted Shares Outstanding	15.47M	15.48M	15.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.38M	15.41M	20.08M
Normalized Net Operating Profit after Tax (NOPAT)	58	50	-48
Normalized NOPAT Margin	27.08%	23.53%	-40.78%
Pre Tax Income Margin	33.22%	29.47%	-58.29%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	2.47	0.52	-0.46
NOPAT to Interest Expense	1.97	0.42	-0.32
EBIT Less CapEx to Interest Expense	2.18	0.50	-0.49
NOPAT Less CapEx to Interest Expense	1.68	0.39	-0.35
Payout Ratios	-	-	-
Dividend Payout Ratio	33.68%	39.28%	-47.96%
Augmented Payout Ratio	60.79%	40.42%	-48.98%

This table displays calculated financial ratios and metrics derived from Financial Institutions' official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.65%	2.94%	3.65%	1.60%	-6.38%	2.16%	-3.33%	21.20%	-3.91%	-189.41%
EBITDA Growth	-14.36%	-36.16%	-18.24%	-14.62%	-35.37%	31.69%	-70.97%	66.05%	21.12%	-591.15%
EBIT Growth	-14.49%	-39.35%	-19.33%	-13.92%	-11.39%	3.31%	-83.68%	79.54%	-11.63%	-871.75%
NOPAT Growth	-19.34%	-38.36%	-19.32%	-8.15%	1.21%	-19.09%	-82.88%	78.31%	-3.97%	-925.03%
Net Income Growth	-19.34%	-38.36%	-19.32%	-8.15%	1.21%	-19.09%	-82.88%	78.31%	-3.97%	-946.74%
EPS Growth	-16.19%	-37.19%	-18.28%	-8.08%	0.00%	-21.05%	-85.53%	78.02%	-4.55%	-986.67%
Operating Cash Flow Growth	318.46%	-51.80%	-85.15%	-78.04%	22.74%	-395.26%	87.29%	332.25%	-95.09%	156.67%
Free Cash Flow Firm Growth	189.46%	-51.08%	-481.69%	-830.82%	-216.73%	-9.48%	70.70%	151.67%	-22.16%	-56.60%
Invested Capital Growth	-5.40%	12.44%	27.32%	51.80%	12.28%	11.61%	6.07%	-14.05%	12.76%	3.73%
Revenue Q/Q Growth	5.22%	-2.93%	-2.49%	2.02%	-3.05%	5.93%	-7.73%	27.90%	-23.14%	-198.57%
EBITDA Q/Q Growth	-6.37%	-18.92%	1.59%	10.72%	-29.12%	65.21%	-77.61%	533.36%	-48.30%	-769.94%
EBIT Q/Q Growth	-4.76%	-22.18%	2.81%	12.96%	-1.96%	-9.27%	-83.76%	1,142.62%	-51.74%	-892.33%
NOPAT Q/Q Growth	-11.46%	-12.75%	0.01%	18.89%	-2.44%	-30.25%	-78.83%	1,138.12%	-47.46%	-699.20%
Net Income Q/Q Growth	-11.46%	-12.75%	0.01%	18.89%	-2.44%	-30.25%	-78.83%	1,138.12%	-47.46%	-714.96%
EPS Q/Q Growth	-11.11%	-13.64%	0.00%	19.74%	-3.30%	-31.82%	-81.67%	1,372.73%	-48.15%	-733.33%
Operating Cash Flow Q/Q Growth	-5.18%	-54.70%	-59.36%	25.77%	430.09%	-208.96%	125.78%	190.27%	-93.98%	1,158.31%
Free Cash Flow Firm Q/Q Growth	237.64%	-243.09%	-104.44%	-131.19%	82.74%	-34.19%	45.28%	507.65%	-140.81%	-72.02%
Invested Capital Q/Q Growth	-11.77%	27.48%	-3.17%	39.38%	-34.74%	26.72%	-7.98%	12.94%	-14.38%	16.57%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
EBITDA Margin	38.82%	32.42%	33.78%	36.66%	26.80%	41.80%	10.14%	50.23%	33.78%	0.00%
EBIT Margin	33.34%	26.73%	28.18%	31.21%	31.56%	27.03%	4.76%	46.23%	29.03%	0.00%
Profit (Net Income) Margin	24.86%	22.35%	22.92%	26.71%	26.88%	17.70%	4.06%	39.30%	26.87%	0.00%
Tax Burden Percent	74.57%	83.61%	81.33%	85.60%	85.18%	65.48%	85.33%	85.02%	92.56%	71.84%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	25.43%	16.39%	18.67%	14.40%	14.82%	34.52%	14.67%	14.98%	7.44%	0.00%
Return on Invested Capital (ROIC)	9.54%	7.38%	8.34%	7.54%	10.03%	5.23%	1.26%	10.23%	9.28%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	9.54%	7.38%	8.34%	7.54%	10.03%	5.23%	1.26%	10.23%	9.28%	0.00%
Return on Net Nonoperating Assets (RNNOA)	2.33%	3.10%	2.79%	6.03%	4.22%	3.58%	0.68%	9.44%	3.82%	0.00%
Return on Equity (ROE)	11.88%	10.49%	11.14%	13.57%	14.25%	8.80%	1.95%	19.67%	13.10%	0.00%
Cash Return on Invested Capital (CROIC)	17.15%	-2.97%	-14.97%	-34.31%	-2.35%	-4.04%	0.00%	21.11%	-4.05%	-9.79%
Operating Return on Assets (OROA)	1.26%	1.01%	1.05%	1.15%	1.14%	0.97%	0.16%	1.68%	1.05%	0.00%
Return on Assets (ROA)	0.94%	0.84%	0.85%	0.99%	0.97%	0.63%	0.14%	1.43%	0.97%	0.00%
Return on Common Equity (ROCE)	11.41%	10.09%	10.49%	13.02%	13.64%	8.45%	1.83%	18.91%	12.60%	0.00%
Return on Equity Simple (ROE_SIMPLE)	16.27%	0.00%	12.70%	12.31%	12.86%	0.00%	9.03%	11.01%	10.18%	0.00%
Net Operating Profit after Tax (NOPAT)	14	12	12	14	14	9.78	2.07	26	13	-81
NOPAT Margin	24.86%	22.35%	22.92%	26.71%	26.88%	17.70%	4.06%	39.30%	26.87%	0.00%
Net Nonoperating Expense Percent (NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.80%
SG&A Expenses to Revenue	48.10%	49.73%	50.95%	49.33%	53.30%	49.79%	52.52%	38.31%	49.83%	0.00%
Operating Expenses to Revenue	58.91%	61.96%	63.83%	62.79%	66.59%	63.43%	105.94%	50.64%	64.78%	0.00%
Earnings before Interest and Taxes (EBIT)	19	14	15	17	16	15	2.43	30	15	-115
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	22	18	18	20	14	23	5.17	33	17	-113
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.88	0.85	0.67	0.55	0.62	0.71	0.67	0.66	0.82	0.77
Price to Tangible Book Value (P/TBV)	1.09	1.05	0.82	0.67	0.77	0.85	0.80	0.77	0.93	0.86
Price to Revenue (P/Rev)	1.56	1.55	1.27	1.05	1.15	1.45	1.34	1.33	1.78	3.61
Price to Earnings (P/E)	5.28	6.01	5.22	4.45	4.77	6.35	7.35	5.96	7.96	0.00
Dividend Yield	5.29%	5.37%	6.60%	8.01%	7.52%	5.96%	6.49%	6.21%	4.71%	4.40%
Earnings Yield	18.94%	16.64%	19.15%	22.49%	20.96%	15.74%	13.61%	16.77%	12.56%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.69	0.73	0.61	0.61	0.44	0.67	0.46	0.62	0.50	0.73
Enterprise Value to Revenue (EV/Rev)	1.76	2.33	1.89	2.60	1.24	2.40	1.52	2.22	1.54	4.93
Enterprise Value to EBITDA (EV/EBITDA)	3.96	5.92	5.09	7.33	3.82	6.87	5.21	6.61	4.38	0.00
Enterprise Value to EBIT (EV/EBIT)	4.64	7.01	6.05	8.69	4.21	8.13	6.38	7.75	5.50	0.00
Enterprise Value to NOPAT (EV/NOPAT)	5.81	8.79	7.59	10.72	5.01	10.20	8.02	9.63	6.70	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.47	3.72	4.25	8.44	3.53	47.05	19.42	11.26	139.87	7.47
Enterprise Value to Free Cash Flow (EV/FCFF)	3.93	0.00	0.00	0.00	0.00	0.00	14,036.87	2.73	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.36	0.69	0.55	1.17	0.48	0.68	0.58	0.70	0.36	0.39
Long-Term Debt to Equity	0.19	0.18	0.28	0.29	0.30	0.27	0.28	0.27	0.25	0.22
Financial Leverage	0.24	0.42	0.33	0.80	0.42	0.68	0.54	0.92	0.41	0.52
Leverage Ratio	12.67	12.43	13.08	13.75	14.66	13.90	13.85	13.74	13.53	11.99
Compound Leverage Factor	12.67	12.43	13.08	13.75	14.66	13.90	13.85	13.74	13.53	11.99
Debt to Total Capital	26.65%	40.77%	35.32%	53.92%	32.24%	40.50%	36.63%	41.13%	26.43%	28.23%
Short-Term Debt to Total Capital	12.84%	29.93%	17.05%	40.47%	11.61%	24.20%	18.91%	25.43%	8.09%	12.49%
Long-Term Debt to Total Capital	13.80%	10.84%	18.27%	13.46%	20.63%	16.29%	17.72%	15.70%	18.34%	15.75%
Preferred Equity to Total Capital	3.22%	2.53%	5.08%	1.87%	2.87%	2.26%	2.46%	2.18%	2.54%	2.18%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	70.13%	56.70%	59.60%	44.21%	64.89%	57.24%	60.92%	56.70%	71.03%	69.59%
Debt to EBITDA	1.52	3.32	3.00	6.50	2.82	4.15	4.16	4.36	2.31	-3.82
Net Debt to EBITDA	0.26	1.77	1.25	4.15	0.03	2.48	0.33	2.40	-0.90	-2.33
Long-Term Debt to EBITDA	0.79	0.88	1.55	1.62	1.80	1.67	2.01	1.66	1.60	-2.13
Debt to NOPAT	2.23	4.94	4.48	9.51	3.70	6.16	6.40	6.34	3.53	-4.69
Net Debt to NOPAT	0.38	2.63	1.87	6.07	0.04	3.68	0.51	3.50	-1.37	-2.86
Long-Term Debt to NOPAT	1.16	1.31	2.32	2.37	2.37	2.48	3.10	2.42	2.45	-2.62
Noncontrolling Interest Sharing Ratio	3.89%	3.80%	5.85%	4.06%	4.31%	4.02%	5.86%	3.87%	3.80%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	45	-64	-130	-301	-52	-70	-38	156	-63	-109
Operating Cash Flow to CapEx	2,170.77%	591.83%	773.82%	2,149.22%	8,628.80%	-3,804.39%	1,046.85%	3,751.21%	87.78%	6,703.72%
Free Cash Flow to Firm to Interest Expense	5.85	-4.35	-5.93	-10.46	-1.57	-1.90	-1.00	4.14	-1.70	-2.99
Operating Cash Flow to Interest Expense	4.69	1.10	0.30	0.29	1.32	-1.30	0.32	0.95	0.06	0.74
Operating Cash Flow Less CapEx to Interest Expense	4.47	0.92	0.26	0.27	1.31	-1.33	0.29	0.92	-0.01	0.73
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.04	0.04	0.04	0.04	0.04	0.04	0.03	0.04	0.04	0.02
Fixed Asset Turnover	5.20	5.20	5.27	5.33	5.26	5.23	5.21	5.58	5.49	2.93
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	537	685	663	924	603	764	703	794	680	793
Invested Capital Turnover	0.38	0.33	0.36	0.28	0.37	0.30	0.31	0.26	0.35	0.15
Increase / (Decrease) in Invested Capital	-31	76	142	315	66	80	40	-130	77	28
Enterprise Value (EV)	373	497	408	562	263	513	323	496	342	576
Market Capitalization	331	331	273	226	244	310	285	298	394	422
Book Value per Share	$24.57	$25.32	$26.38	$26.57	$25.41	$28.40	$27.81	$29.16	$31.22	$35.65
Tangible Book Value per Share	$19.77	$20.53	$21.62	$21.83	$20.69	$23.70	$23.11	$25.21	$27.29	$31.73
Total Capital	537	685	680	924	603	764	703	794	680	793
Total Debt	143	279	240	498	194	310	258	327	180	224
Total Long-Term Debt	74	74	124	124	124	125	125	125	125	125
Net Debt	25	149	100	318	2.34	185	21	180	-70	137
Capital Expenditures (CapEx)	1.64	2.73	0.85	0.38	0.51	1.25	1.17	0.95	2.45	0.40
Net Nonoperating Expense (NNE)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	2.12
Net Nonoperating Obligations (NNO)	143	279	223	498	194	310	258	327	180	224
Total Depreciation and Amortization (D&A)	3.05	3.08	2.95	2.93	-2.48	8.16	2.75	2.61	2.38	1.84
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.88	$0.76	$0.00	$0.91	$0.89	$0.61	$0.11	$1.64	$0.85	($5.35)
Adjusted Weighted Average Basic Shares Outstanding	15.34M	15.38M	0.00	15.40M	15.40M	15.38M	15.45M	15.47M	15.47M	15.68M
Adjusted Diluted Earnings per Share	$0.88	$0.76	$0.00	$0.91	$0.88	$0.60	$0.11	$1.62	$0.84	($5.32)
Adjusted Weighted Average Diluted Shares Outstanding	15.34M	15.47M	0.00	15.40M	15.40M	15.48M	15.45M	15.47M	15.47M	15.68M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	15.34M	15.38M	0.00	15.40M	15.40M	15.41M	15.45M	15.47M	15.47M	20.08M
Normalized Net Operating Profit after Tax (NOPAT)	14	12	12	14	14	9.90	2.07	26	13	-81
Normalized NOPAT Margin	24.86%	22.35%	22.92%	26.68%	26.79%	17.92%	4.06%	39.30%	26.87%	0.00%
Pre Tax Income Margin	33.34%	26.73%	28.18%	31.21%	31.56%	27.03%	4.76%	46.23%	29.03%	0.00%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	2.44	0.99	0.68	0.58	0.50	0.41	0.06	0.80	0.39	-3.16
NOPAT to Interest Expense	1.82	0.82	0.55	0.50	0.42	0.27	0.05	0.68	0.36	-2.21
EBIT Less CapEx to Interest Expense	2.23	0.80	0.64	0.57	0.48	0.37	0.03	0.78	0.33	-3.17
NOPAT Less CapEx to Interest Expense	1.61	0.64	0.51	0.49	0.41	0.23	0.02	0.66	0.30	-2.22
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	29.46%	33.68%	35.84%	37.03%	37.23%	39.28%	49.49%	38.69%	39.17%	-47.96%
Augmented Payout Ratio	58.47%	60.79%	37.47%	38.13%	38.32%	40.42%	50.49%	39.47%	40.01%	-48.98%

Frequently Asked Questions About Financial Institutions' Financials

When does Financial Institutions's financial year end?

According to the most recent income statement we have on file, Financial Institutions' fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Financial Institutions' net income changed over the last 2 years?

Financial Institutions' net income appears to be on a downward trend, with a most recent value of -$41.65 million in 2024, falling from $56.57 million in 2022. The previous period was $50.26 million in 2023.

How has Financial Institutions revenue changed over the last 2 years?

Over the last 2 years, Financial Institutions' total revenue changed from $213.64 million in 2022 to $116.91 million in 2024, a change of -45.3%.

How much debt does Financial Institutions have?

Financial Institutions' total liabilities were at $5.55 billion at the end of 2024, a 2.8% decrease from 2023, and a 2.9% increase since 2022.

How much cash does Financial Institutions have?

In the past 2 years, Financial Institutions' cash and equivalents has ranged from $54.96 million in 2024 to $130.47 million in 2022, and is currently $54.96 million as of their latest financial filing in 2024.

How has Financial Institutions' book value per share changed over the last 2 years?

Over the last 2 years, Financial Institutions' book value per share changed from 25.32 in 2022 to 35.65 in 2024, a change of 40.8%.

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This page (NASDAQ:FISI) was last updated on 4/19/2025 by MarketBeat.com Staff

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Financial Institutions (FISI) Financials

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Financial Institutions (FISI) Financials

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