FINANCIAL INSTITUTIONS, INC. (NASDAQ - FISI)
2009 Y 2010 Y 2011 Y 2012 Y 2013 Q1 YTD Source Document 12/31/2011 12/31/2012 12/31/2012 12/31/2012 3/31/2013 Currency Code USD USD USD USD USD (in thousands) Interest and fees on loans 72,706 75,877 77,105 81,123 20,379 Interest and dividends on investment securities 21,694 20,622 18,013 16,444 4,369 Other interest income 82 10 0 0 NA Total interest income 94,482 96,509 95,118 97,567 24,748 Deposits 19,090 14,853 11,434 8,462 1,671 Short-term borrowings 270 365 500 589 190 Long-term borrowings 2,857 2,502 1,321 0 NA Total interest expense 22,217 17,720 13,255 9,051 1,861 Net interest income 72,265 78,789 81,863 88,516 22,887 Provision for loan losses 7,702 6,687 7,780 7,128 2,709 Net interest income after provision for loan losses 64,563 72,102 74,083 81,388 20,178 Service charges on deposits 10,065 9,585 8,679 8,627 2,141 ATM and debit card 3,610 3,995 4,359 4,716 1,249 Broker-dealer fees and commissions 1,022 1,283 1,829 2,104 699 Company owned life insurance 1,096 1,107 1,424 1,751 415 Net gain on sale of loans held for sale 699 650 880 1,421 200 Net gain on disposal of investment securities 3,429 169 3,003 2,651 892 Loan servicing 1,308 1,124 835 617 73 Impairment charges on investment securities (4,666) (594) (18) (91) 0 Net gain on disposal of other assets 180 (203) 67 (381) 1 Other 2,052 2,338 2,867 3,362 883 Total noninterest income 18,795 19,454 23,925 24,777 6,553 Salaries and employee benefits 33,634 32,844 35,743 40,127 9,709 Occupancy and equipment 11,062 10,818 10,868 11,419 3,169 Professional services 2,524 2,197 2,617 4,133 937 Computer and data processing 2,340 2,487 2,437 3,271 704 Supplies and postage 1,846 1,772 1,778 2,497 680 FDIC assessments 3,651 2,507 1,513 1,300 361 Advertising and promotions 949 1,121 1,259 929 214 Loss on extinguishment of debt 0 0 1,083 0 NA Other 6,771 7,171 6,496 7,721 1,810 Total noninterest expense 62,777 60,917 63,794 71,397 17,584 Income before income taxes 20,581 30,639 34,214 34,768 9,147 Income tax expense 6,140 9,352 11,415 11,319 2,998 Net income 14,441 21,287 22,799 23,449 6,149 Preferred stock dividends 3,160 3,358 1,877 1,474 368 Accretion of discount on Series A preferred stock 537 367 1,305 0 NA Net income available to common shareholders 10,744 17,562 19,617 21,975 5,781 Basic 0.99 1.62 1.5 1.6 0.42 Diluted 0.99 1.61 1.49 1.6 0.42 Cash dividends declared per common share 0.4 0.4 0.47 0.57 0.18 Basic 10,730 10,767 13,067 13,696 13,717 Diluted 10,769 10,845 13,157 13,751 13,767 Net income NA 21,287 22,799 23,449 6,149 Other comprehensive loss, net of tax Change in net unrealized securities gains arising during period NA (16) 22,350 6,682 NA Deferred tax expense NA (19) (8,855) (2,646) NA Reclassification adjustment for gains included in income before income taxes NA 425 (2,985) (2,560) NA Related tax expense (benefit) NA (168) 1,183 1,014 NA Net unrealized losses on investment securities NA 222 11,693 2,490 (2,315) Change in net actuarial gain\loss NA (2,192) (9,979) (300) NA Related tax expense NA 950 3,953 118 NA Pension and post-retirement obligations NA (1,242) (6,026) (182) 199 Total other comprehensive loss NA (1,020) 5,667 2,308 (2,116) Comprehensive income NA 20,267 28,466 25,757 4,033
Data shown on this page is extracted directly from the company’s documents. SNL makes every effort to line up fields, captions and headers that represent the same data over time, despite variations in how the company may report these items in different documents. In certain instances the variation in the company’s presentation over time may be too significant, potentially resulting in repeating and/or disordered items. Despite possible issues with the presentation, SNL, as always, stands by its commitment to the quality of the data.
