Financial Institutions, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
July 27, 2023 at 04:05 pm
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Financial Institutions, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported net interest income was USD 42.34 million compared to USD 41.6 million a year ago. Net income was USD 14.37 million compared to USD 15.65 million a year ago. Basic earnings per share from continuing operations was USD 0.91 compared to USD 1 a year ago. Diluted earnings per share from continuing operations was USD 0.91 compared to USD 0.99 a year ago.
For the six months, net interest income was USD 84.15 million compared to USD 81.16 million a year ago. Net income was USD 26.46 million compared to USD 30.63 million a year ago. Basic earnings per share from continuing operations was USD 1.68 compared to USD 1.94 a year ago. Diluted earnings per share from continuing operations was USD 1.67 compared to USD 1.93 a year ago.
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.
FINANCIAL INSTITUTIONS, INC. 
