Financial Institutions Management
Management criteria checks 4/4
Financial Institutions' CEO is Marty Birmingham, appointed in Aug 2012, has a tenure of 12.75 years. total yearly compensation is $1.41M, comprised of 52.1% salary and 47.9% bonuses, including company stock and options. directly owns 0.76% of the company’s shares, worth $4.11M. The average tenure of the management team and the board of directors is 2.3 years and 10 years respectively.
Key information
Marty Birmingham
Chief executive officer
US$1.4m
Total compensation
| CEO salary percentage | 52.13% |
| CEO tenure | 12.8yrs |
| CEO ownership | 0.8% |
| Management average tenure | 2.3yrs |
| Board average tenure | 10yrs |
Recent management updates
Recent updates
Financial Institutions (NASDAQ:FISI) Has Announced That It Will Be Increasing Its Dividend To $0.31
Mar 11
Financial Institutions, Inc.: Time For A Downgrade
Feb 09Financial Institutions: Good Dividend Yield; Room For Price Upside Despite The Recent Rally
Oct 31
Fraud Incident And Divestitures Threaten Financial Stability Amid Modest Growth Projections
Sep 24 Recent deposit-related fraud and divestiture of SDN Insurance Agency indicate financial vulnerabilities and potential impacts on diversification and revenue growth.Financial Institutions Offers Some Additional Upside From Here
Aug 12Should Shareholders Reconsider Financial Institutions, Inc.'s (NASDAQ:FISI) CEO Compensation Package?
May 30Financial Institutions (NASDAQ:FISI) Is Due To Pay A Dividend Of $0.30
May 26Financial Institutions: Dividend Yield Over 6%, High Potential Price Upside
May 13Financial Institutions (NASDAQ:FISI) Is Increasing Its Dividend To $0.30
Feb 24Financial Institutions Is Very Cheap, But Now Is Not The Right Time To Buy
Sep 23CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2025 | n/a | n/a | -US$28m |
| Dec 31 2024 | US$1m | US$734k | -US$43m |
| Sep 30 2024 | n/a | n/a | US$49m |
| Jun 30 2024 | n/a | n/a | US$50m |
| Mar 31 2024 | n/a | n/a | US$39m |
| Dec 31 2023 | US$1m | US$714k | US$49m |
| Sep 30 2023 | n/a | n/a | US$51m |
| Jun 30 2023 | n/a | n/a | US$51m |
| Mar 31 2023 | n/a | n/a | US$52m |
| Dec 31 2022 | US$1m | US$692k | US$55m |
| Sep 30 2022 | n/a | n/a | US$63m |
| Jun 30 2022 | n/a | n/a | US$66m |
| Mar 31 2022 | n/a | n/a | US$71m |
| Dec 31 2021 | US$1m | US$656k | US$76m |
| Sep 30 2021 | n/a | n/a | US$70m |
| Jun 30 2021 | n/a | n/a | US$66m |
| Mar 31 2021 | n/a | n/a | US$56m |
| Dec 31 2020 | US$1m | US$620k | US$37m |
| Sep 30 2020 | n/a | n/a | US$36m |
| Jun 30 2020 | n/a | n/a | US$37m |
| Mar 31 2020 | n/a | n/a | US$37m |
| Dec 31 2019 | US$1m | US$575k | US$47m |
| Sep 30 2019 | n/a | n/a | US$42m |
| Jun 30 2019 | n/a | n/a | US$40m |
| Mar 31 2019 | n/a | n/a | US$40m |
| Dec 31 2018 | US$1m | US$560k | US$38m |
Compensation vs Market: Marty's total compensation ($USD1.41M) is below average for companies of similar size in the US market ($USD2.70M).
Compensation vs Earnings: Marty's compensation has been consistent with company performance over the past year.
CEO
Marty Birmingham (58 yo)
12.8yrs
Tenure
US$1,408,963
Compensation
Mr. Martin K. Birmingham, also known as Marty, is Chief Executive Officer of Financial Institutions Inc. and Five Star Bank from March 1, 2013 and serves as its President of Financial Institutions Inc. and...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 12.8yrs | US$1.41m | 0.76% $ 4.1m | |
| Executive VP | 4.3yrs | US$616.62k | 0.060% $ 324.8k | |
| Executive VP | 6.5yrs | US$498.76k | 0.068% $ 368.7k | |
| Senior Vice President & Chief Human Resources Officer | no data | US$457.79k | 0.034% $ 185.3k | |
| Senior VP & Chief Commercial Banking Officer | 4.3yrs | US$550.64k | 0.026% $ 142.8k | |
| Senior VP | 1.2yrs | no data | 0.0060% $ 32.6k | |
| Director of Investor & External Relations | no data | no data | no data | |
| Senior VP & Chief Marketing Officer | 1.4yrs | no data | 0.0011% $ 6.0k | |
| Senior VP | no data | no data | no data | |
| Senior VP & Chief Information Security Officer | 1.8yrs | no data | no data | |
| Senior VP & Chief Risk Officer | 2.3yrs | no data | 0.010% $ 53.9k | |
| Senior VP & Chief Consumer Banking Officer | less than a year | no data | no data |
2.3yrs
Average Tenure
55yo
Average Age
Experienced Management: FISI's management team is considered experienced (2.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.8yrs | US$1.41m | 0.76% $ 4.1m | |
| Independent Chairman of the Board | 23yrs | US$154.00k | 0.20% $ 1.1m | |
| Independent Director | 25yrs | US$90.00k | 0.20% $ 1.1m | |
| Independent Director | less than a year | no data | 0.0066% $ 35.6k | |
| Independent Director | 7.9yrs | US$97.50k | 0.076% $ 411.9k | |
| Independent Director | 8.9yrs | US$102.50k | 0.14% $ 746.3k | |
| Independent Director | 11yrs | US$100.00k | 0.18% $ 980.9k | |
| Independent Director | 3.9yrs | US$90.00k | 0.058% $ 314.4k | |
| Independent Director | 20.2yrs | US$130.00k | 0.23% $ 1.2m | |
| Independent Director | 2.8yrs | US$90.00k | 0.024% $ 128.7k | |
| Independent Director | 11yrs | US$105.00k | 0.23% $ 1.3m | |
| Independent Director | 7.5yrs | US$97.50k | 0.091% $ 492.3k |
10.0yrs
Average Tenure
67yo
Average Age
Experienced Board: FISI's board of directors are considered experienced (10 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/05/15 16:27 |
| End of Day Share Price | 2025/05/15 00:00 |
| Earnings | 2025/03/31 |
| Annual Earnings | 2024/12/31 |
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.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
|
| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* 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
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
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 5 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.
| Analyst | Institution |
|---|---|
| Richard Weiss | Janney Montgomery Scott LLC |
| Damon DelMonte | Keefe, Bruyette, & Woods |
| Frank Schiraldi | Piper Sandler Companies |