WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently reported net income of nearly $20.5 million in the third quarter of this year, up 52 percent from almost $13.5 million in the third quarter of 2024. The company, in its Oct. 23 earnings report, cited strong performance in each […]
WARSAW, N.Y. — Financial Institutions, Inc. (NASDAQ: FISI), parent company of Five Star Bank, recently reported net income of nearly $20.5 million in the third quarter of this year, up 52 percent from almost $13.5 million in the third quarter of 2024.
The company, in its Oct. 23 earnings report, cited strong performance in each of its commercial banking, consumer banking, and wealth management lines of business.
After preferred dividends, net income available to common shareholders of Financial Institutions totaled $20.1 million, or 99 cents per share, in the third quarter of 2025, compared to $13.1 million, or 84 cents, in the year-earlier earnings period.
Net interest margin expanded 76 basis points from the banking company’s year-ago quarter, to 3.65 percent this past quarter. Financial Institutions’ net interest income of $51.8 million in the third quarter was an all-time quarterly high and was up by $11.1 million, or 27 percent, from the third quarter of 2024.
Noninterest income at Financial Institutions totaled $12.1 million in the latest quarter, up $2.6 million, or almost 28 percent, from the third quarter of 2024. Higher investment advisory income and swap fees boosted results, per the earnings report.
The banking company’s total loans increased by $187.4 million, or 4.3 percent, from Sept. 30, 2024 levels, to reach $4.59 billion as of Sept. 30, 2025, driven by solid commercial-loan growth, it stated.
Financial Institutions is a financial holding company, based in Warsaw in New York’s Wyoming County, with about $6.3 billion in assets, offering banking and wealth-management products and services. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities, and businesses through banking locations spanning Western and Central New York and a commercial-loan production office serving the Mid-Atlantic region. Five Star Bank’s Central New York offices include a commercial-loan production office in Syracuse and retail branches in Auburn, Waterloo, and Geneva.
