Financial Institutions Q3 Net Income $20.0 Million as Net Interest Income Hits Record $54.3 Million and Loans Reach $4.86 Billion
Financial Institutions, Inc. (Nasdaq: FISI), parent of Five Star Bank and Courier Capital, reported results for the third quarter ended September 30, 2026. Net income was $20.0 million ($19,990 thousand), with $19.6 million available to common shareholders, or $0.99 per diluted share -- flat with a year earlier and down from $1.04 in the second quarter.
Net interest income reached a record $54.3 million, up 4.8% year over year, and net interest margin was 3.70%, stable with the linked quarter and up 5 basis points from a year ago. Total loans reached $4.86 billion at quarter end, up 2.2% from the linked quarter and 5.8% year over year on robust commercial lending; total deposits rose 3.3% sequentially to $5.47 billion. Investment advisory income, the leading contributor to noninterest income, rose 10.6% year over year.
The tangible common equity ratio was 8.40%, the common equity Tier 1 ratio 11.36%, and return on average tangible common equity 13.75%. The company repurchased 185,833 common shares during the quarter at an average price of $40.92.
President and CEO Martin K. Birmingham said the results underscore the strength of the company's relationship-driven business model, with its commercial franchise the primary driver of loan growth in its core Upstate New York markets. CFO and Treasurer W. Jack Plants II said the strong capital levels provide flexibility to support loan growth and shareholder returns, including the quarter's buybacks.
Source: GSM · USA (original Chinese edition)
Photo: 图：位于纽约州Troy的一座银行大楼（资料图）。Daniel Case摄，CC BY-SA 3.0，经Wikimedia Commons。 / A bank building in Troy, New York (file photo). Photo by Daniel Case, CC BY-SA 3.0, via Wikimedia Commons.
