Financial Institutions Management
Management criteria checks 4/4
Financial Institutions' CEO is Marty Birmingham, appointed in Aug 2012, has a tenure of 12.33 years. total yearly compensation is $1.47M, comprised of 48.5% salary and 51.5% bonuses, including company stock and options. directly owns 0.96% of the company’s shares, worth $4.03M. The average tenure of the management team and the board of directors is 2.6 years and 10.6 years respectively.
Key information
Marty Birmingham
Chief executive officer
US$1.5m
Total compensation
| CEO salary percentage | 48.5% |
| CEO tenure | 12.3yrs |
| CEO ownership | 1.0% |
| Management average tenure | 2.6yrs |
| Board average tenure | 10.6yrs |
Recent management updates
Recent updates
Financial Institutions: Good Dividend Yield; Room For Price Upside Despite The Recent Rally
Oct 31Financial Institutions Offers Some Additional Upside From Here
Aug 12Should Shareholders Reconsider Financial Institutions, Inc.'s (NASDAQ:FISI) CEO Compensation Package?
May 30
Financial 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 23Financial Institutions declares $0.29 dividend
Aug 22Financial Institutions Q2 GAAP EPS, revenue beats
Jul 28Financial Institutions' (NASDAQ:FISI) Shareholders Will Receive A Bigger Dividend Than Last Year
Feb 22CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| 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 |
| Sep 30 2018 | n/a | n/a | US$42m |
| Jun 30 2018 | n/a | n/a | US$39m |
| Mar 31 2018 | n/a | n/a | US$33m |
| Dec 31 2017 | US$1m | US$530k | US$32m |
Compensation vs Market: Marty's total compensation ($USD1.47M) is below average for companies of similar size in the US market ($USD2.16M).
Compensation vs Earnings: Marty's compensation has been consistent with company performance over the past year.
CEO
Marty Birmingham (58 yo)
12.3yrs
Tenure
US$1,472,884
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 | 12.3yrs | US$1.47m | 0.96% $ 4.0m | |
| Executive VP | 3.8yrs | US$588.04k | 0.067% $ 281.3k | |
| Executive VP | 6.1yrs | US$481.21k | 0.079% $ 331.0k | |
| Chief Human Resources Officer | no data | US$440.23k | 0.035% $ 146.6k | |
| Senior VP & Chief Commercial Banking Officer | 3.8yrs | US$544.92k | 0.024% $ 101.0k | |
| Senior VP | less than a year | no data | 0.0052% $ 21.7k | |
| Director of Investor & External Relations | no data | no data | no data | |
| Senior VP & Chief Marketing Officer | less than a year | no data | no data | |
| Senior VP | no data | no data | no data | |
| Senior VP | no data | US$486.61k | no data | |
| Senior VP & Chief Information Security Officer | 1.4yrs | no data | no data | |
| Chief Banking Officer | less than a year | no data | 0.00033% $ 1.4k |
2.6yrs
Average Tenure
53.5yo
Average Age
Experienced Management: FISI's management team is considered experienced (2.6 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 11.4yrs | US$1.47m | 0.96% $ 4.0m | |
| Independent Chairman of the Board | 22.6yrs | US$143.98k | 0.26% $ 1.1m | |
| Independent Director | 24.6yrs | US$79.98k | 0.26% $ 1.1m | |
| Independent Director | 7.5yrs | US$87.48k | 0.099% $ 414.8k | |
| Independent Director | 8.5yrs | US$89.98k | 0.18% $ 751.6k | |
| Independent Director | 10.6yrs | US$89.98k | 0.24% $ 987.8k | |
| Independent Director | 3.5yrs | US$79.98k | 0.075% $ 316.6k | |
| Independent Director | 19.8yrs | US$79.98k | 0.30% $ 1.3m | |
| Independent Director | 2.3yrs | US$79.98k | 0.031% $ 129.6k | |
| Independent Director | 10.6yrs | US$94.98k | 0.30% $ 1.3m | |
| Independent Director | 7.1yrs | US$87.48k | 0.12% $ 495.8k |
10.6yrs
Average Tenure
68yo
Average Age
Experienced Board: FISI's board of directors are seasoned and experienced ( 10.6 years average tenure).
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 09:01 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
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 |
|
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| 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 here.
Analysis Model and Snowflake
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Industry and Sector Metrics
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Analyst Sources
Financial Institutions, Inc. is covered by 7 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 |
| Alexander Roberts Twerdahl | Piper Sandler Companies |