Financial Institutions, Inc.

NasdaqGS:FISI Stock Report

Market Cap: US$741.0m

Financial Institutions Future Growth

Future criteria checks 0/6

Financial Institutions is forecast to grow earnings and revenue by 2.8% and 6.7% per annum respectively while EPS is expected to grow by 4.4% per annum.

Key information

2.8%

Earnings growth rate

4.41%

EPS growth rate

Banks earnings growth8.2%
Revenue growth rate6.7%
Future return on equityn/a
Analyst coverage

Low

Last updated04 May 2026

Recent future growth updates

Recent updates

Narrative Update • Jun 19

FISI: Future Returns Will Reflect Stable Execution And Completed Buyback Support

Analysts have raised their price target on Financial Institutions stock by $1 to reflect updated views on the company’s valuation, citing recent Street research as support for the change. What’s in the News for Financial Institutions Financial Institutions completed its previously announced share repurchase program, buying back a total of 500,066 shares for $15.91 million under the authorization announced on September 22, 2025.
Narrative Update • Jun 02

FISI: Future Returns Will Reflect Steady Execution And Ongoing Buyback Support

Analysts have nudged their 12 month price target for Financial Institutions to $39, a $1 increase. They cite updated Street research that refines assumptions around fair value, discount rate, revenue growth, profit margin and future P/E without materially changing the overall valuation framework.
Narrative Update • May 14

FISI: Future Returns Will Reflect Steady Execution And Supportive Capital Management

Analysts have raised their price target on Financial Institutions by $1 to $38.50, citing updated assumptions around fair value, discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent research points to a modestly higher fair value for Financial Institutions, with the price target adjusted by $1 to $38.50.
Narrative Update • Apr 28

FISI: Future Returns Will Reflect Stable Capital Returns And Credit Cost Discipline

Analysts have raised their 12‑month price target for Financial Institutions by $0.50 to reflect slightly adjusted fair value, discount rate and P/E assumptions following recent research updates from Keefe Bruyette and Piper Sandler. Analyst Commentary Bullish Takeaways Bullish analysts see the higher price targets as consistent with their updated fair value work, suggesting the recent research inputs support the current valuation framework rather than forcing a major reset.
Narrative Update • Apr 13

FISI: Future Returns Will Balance Higher Capital Returns And Credit Cost Discipline

Analysts recently raised their blended price target for Financial Institutions by $6, supported by updated views on fair value, discount rate, growth, margins, and future P/E assumptions as reflected in the latest research from major brokerages. Analyst Commentary Bullish Takeaways Bullish analysts view the latest price target increases of $4 and $2 as support for a higher fair value range, reflecting updated assumptions on earnings power and capital returns.
Narrative Update • Mar 29

FISI: Future Returns Will Reflect Higher Capital Returns And Stable Credit Costs

Narrative Update on Financial Institutions The Street price target for Financial Institutions has increased by $6 in total, as analysts reference updated fair value estimates and small adjustments to the discount rate, revenue growth, profit margin, and future P/E assumptions to support their revised views. Analyst Commentary Recent Street research on Financial Institutions centers on revised price targets that reflect refreshed fair value work and updated model inputs for growth, margins, and P/E assumptions.
Narrative Update • Mar 15

FISI: Future Returns Will Reflect Stable Credit Costs And Rising Capital Returns

Analysts have raised their price targets on Financial Institutions by $4 and $2, reflecting updated assumptions for the discount rate, profit margin, and future P/E. These changes leave their overall fair value estimate broadly unchanged at about $37.
Narrative Update • Mar 01

FISI: Future Returns Will Reflect Stable Credit Costs And Capital Deployment

Analysts have increased their price targets on Financial Institutions by $2 to $4, citing stable fair value estimates supported by steady assumptions for the discount rate, revenue growth, profit margin, and future P/E. Analyst Commentary Recent research points to a tighter range of fair value outcomes for Financial Institutions, with updated price targets framed around consistent assumptions for discount rates, revenue growth, profit margins, and future P/E.
Seeking Alpha • Feb 20

Financial Institutions, Inc.: Back On Track After A Challenging Year

Summary Financial Institutions, Inc. rebounded after a challenging 2024 marked by restructuring and significant losses. The company's return on assets reached 1.27% in Q4 2025, and return on equity came in at an impressive 12.53%. After ending 2024 at $24.45, tangible book value per share for FISI rose to $27.84 at the end of 2025, a 13.9% improvement. I assign FISI a cautious Buy rating, recognizing improved fundamentals but remaining attentive to operational risks ahead. Read the full article on Seeking Alpha
Narrative Update • Feb 15

FISI: Future Returns Will Reflect Calibrated Expectations For Credit Costs And Capital Decisions

Narrative Update on Financial Institutions Analysts lifted their price target on Financial Institutions by $1, reflecting refreshed assumptions on fair value, discount rate, revenue growth, profit margin and future P/E. This was supported by recent research updates from firms that raised their targets by $4 and $2.
Narrative Update • Feb 01

FISI: Future Returns Will Balance Subordinated Debt Costs And Credit Trends

Analysts now see fair value at $36.00 versus $34.00 previously, reflecting updated assumptions on discount rates, revenue growth, profit margins, and future P/E levels for financial institutions. What's in the News Reported fourth quarter 2025 net charge offs of $2.4 million, equal to 0.21% of average loans on an annualized basis, compared with $2.1 million or 0.18% in the third quarter of 2025 and $2.8 million or 0.25% in the fourth quarter of 2024 (Key Developments).
Analysis Article • Mar 11

Financial Institutions (NASDAQ:FISI) Has Announced That It Will Be Increasing Its Dividend To $0.31

Financial Institutions, Inc. ( NASDAQ:FISI ) will increase its dividend from last year's comparable payment on the 2nd...
Seeking Alpha • Feb 09

Financial Institutions, Inc.: Time For A Downgrade

Summary Financial Institutions' stock has outperformed the market, but recent valuation and mixed financial performance prompt a downgrade to 'hold'. The company's restructuring efforts improved long-term income potential, but short-term losses and declining deposits are concerns. Despite affordable price-to-book ratios, the price-to-earnings multiple is higher than preferred, reducing the margin of safety. Asset quality and return metrics are decent but not exceptional, making it prudent to adopt a cautious stance. Read the full article on Seeking Alpha
Seeking Alpha • Oct 31

Financial Institutions: Good Dividend Yield; Room For Price Upside Despite The Recent Rally

Summary Loan growth will likely remain subdued as rate cuts will lift demand, but lackluster economic activity will dampen the demand for credit products. A large chunk of low-yielding loans and securities are scheduled to mature soon. Reinvestment will lift the margin. Financial Institutions is offering a dividend yield of 4.9% with an implied payout ratio of only 37%. The December 2025 target price suggests a double-digit price upside from the October 29 closing price. Read the full article on Seeking Alpha
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New Narrative • Sep 24

Fraud Incident And Divestitures Threaten Financial Stability Amid Modest Growth Projections

Recent deposit-related fraud and divestiture of SDN Insurance Agency indicate financial vulnerabilities and potential impacts on diversification and revenue growth.
Seeking Alpha • Aug 12

Financial Institutions Offers Some Additional Upside From Here

Summary Financial Institutions stock has surged 49.9% since November 2023, outperforming the S&P 500. Despite this surge, shares still look cheap, both relative to earnings and book value. While it's not the best prospect out there, these qualities do make it generally appealing. Read the full article on Seeking Alpha
Analysis Article • May 30

Should Shareholders Reconsider Financial Institutions, Inc.'s (NASDAQ:FISI) CEO Compensation Package?

Key Insights Financial Institutions' Annual General Meeting to take place on 5th of June Total pay for CEO Marty...
Analysis Article • May 26

Financial Institutions (NASDAQ:FISI) Is Due To Pay A Dividend Of $0.30

Financial Institutions, Inc. ( NASDAQ:FISI ) has announced that it will pay a dividend of $0.30 per share on the 2nd of...
Seeking Alpha • May 13

Financial Institutions: Dividend Yield Over 6%, High Potential Price Upside

Summary Earnings will be lower this year relative to last year because of the fraudulent activity reported in 1Q. After a disappointing 1Q performance, loan growth will bounce back thanks to the sale of the insurance business as well as regional economic strength. The margin will likely turn around, but the average for 2024 will still be lower than the average for 2023. The December 2024 target price suggests a high expected price upside of 21%. FISI is offering a dividend yield of 6.4%, at an implied payout ratio of 49%. Read the full article on Seeking Alpha

Earnings and Revenue Growth Forecasts

NasdaqGS:FISI - Analysts future estimates and past financials data (USD Millions)
DateRevenueEarningsFree Cash FlowCash from OpAvg. No. Analysts
12/31/202727081N/AN/A2
12/31/202625979N/AN/A2
3/31/2026239782732N/A
12/31/2025233731319N/A
9/30/2025117-292124N/A
6/30/2025103-362833N/A
3/31/2025109-287075N/A
12/31/2024111-437277N/A
9/30/202421749-32N/A
6/30/2024221504044N/A
3/31/2024208391317N/A
12/31/202320049811N/A
9/30/2023198517075N/A
6/30/2023198516167N/A
3/31/2023200528896N/A
12/31/202220055125134N/A
9/30/202220663144151N/A
6/30/202220666117124N/A
3/31/2022206718797N/A
12/31/2021210766473N/A
9/30/2021198705363N/A
6/30/2021191665664N/A
3/31/2021179565659N/A
12/31/2020155373943N/A
9/30/2020153363337N/A
6/30/2020152373439N/A
3/31/2020152374247N/A
12/31/201916247N/A58N/A
9/30/201916042N/A55N/A
6/30/201915540N/A64N/A
3/31/201915440N/A63N/A
12/31/201815038N/A65N/A
9/30/201814842N/A62N/A
6/30/201814339N/A54N/A
3/31/201813633N/A56N/A
12/31/201713332N/A46N/A
9/30/201712930N/A45N/A
6/30/201712830N/A46N/A
3/31/201712831N/A37N/A
12/31/201612730N/A47N/A
9/30/201612528N/A45N/A
6/30/201612328N/A44N/A
3/31/201611928N/A42N/A
12/31/201511727N/A43N/A
9/30/201511528N/A32N/A

Analyst Future Growth Forecasts

Earnings vs Savings Rate: FISI's forecast earnings growth (2.8% per year) is below the savings rate (3.5%).

Earnings vs Market: FISI's earnings (2.8% per year) are forecast to grow slower than the US market (18.4% per year).

High Growth Earnings: FISI's earnings are forecast to grow, but not significantly.

Revenue vs Market: FISI's revenue (6.7% per year) is forecast to grow slower than the US market (12.8% per year).

High Growth Revenue: FISI's revenue (6.7% per year) is forecast to grow slower than 20% per year.

Earnings per Share Growth Forecasts

Future Return on Equity

Future ROE: Insufficient data to determine if FISI's Return on Equity is forecast to be high in 3 years time

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/07/09 13:25
End of Day Share Price 2026/07/08 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

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Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Financial Institutions, Inc. is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Richard WeissBrean Capital Historical (Janney Montgomery)
Damon DelMonteKeefe, Bruyette, & Woods
Manuel NavasPiper Sandler Companies