Financial Institutions, Inc. Provides Financial Guidance for the Full Year 2023
July 28, 2023 at 08:30 am
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Financial Institutions, Inc. provided financial guidance for the full year 2023. For the year, the company expects noninterest income, excluding nonrecurring and semi-recurring items, mid-single-digit full year expense growth and mid-single-digit growth in nonpublic deposits remain unchanged.
Financial Institutions, Inc. is a financial holding company. The Company provides a full range of banking and related financial services to consumer, commercial and municipal customers through its bank and non-bank subsidiaries. It offers a range of deposit, lending and other financial services to individuals, municipalities and businesses in the Western and Central New York branch network and its Mid-Atlantic commercial loan production office serving the Baltimore and Washington, D.C. region, through its banking subsidiary, Five Star Bank. Its indirect lending network includes relationships with franchised automobile dealers in Western and Central New York, the Capital District of New York, and Northern and Central Pennsylvania. It offers customized investment advice, wealth management, investment consulting and retirement plan services through its subsidiary, Courier Capital, LLC.