Stock Analysis
- United States
- /
- Banks
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- NasdaqGS:FISI
Financial Institutions First Quarter 2024 Earnings: Revenues Beat Expectations, EPS Lags
Financial Institutions (NASDAQ:FISI) First Quarter 2024 Results
Key Financial Results
- Revenue: US$56.4m (up 16% from 1Q 2023).
- Net income: US$1.71m (down 86% from 1Q 2023).
- Profit margin: 3.0% (down from 24% in 1Q 2023). The decrease in margin was driven by higher expenses.
- EPS: US$0.11 (down from US$0.76 in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Financial Institutions Revenues Beat Expectations, EPS Falls Short
Revenue exceeded analyst estimates by 1.8%. Earnings per share (EPS) missed analyst estimates by 32%.
Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 2 years, compared to a 6.0% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are up 3.9% from a week ago.
Balance Sheet Analysis
While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. We have a graphic representation of Financial Institutions' balance sheet and an in-depth analysis of the company's financial position.
Valuation is complex, but we're helping make it simple.
Find out whether Financial Institutions is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.
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About NasdaqGS:FISI
Financial Institutions
Operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New York.
Flawless balance sheet, undervalued and pays a dividend.