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Sep 30, 2022
Financial Institutions Q3 2022 Earnings Report
Reported financial and operational results for the third quarter ended September 30, 2022.
Key Takeaways
Financial Institutions, Inc. reported a net income of $13.9 million for the third quarter of 2022, compared to $17.2 million in the third quarter of 2021. The company's performance was driven by loan growth and net interest margin expansion, but was impacted by a $4.3 million provision for credit losses.
Total loans were $3.87 billion, an increase of $102.8 million from June 30, 2022.
Net interest income increased by $4.8 million, or 12.5%, from the year-ago quarter.
Noninterest income increased by $569 thousand, or 4.7%, from the third quarter of 2021.
The Company reported strong credit quality metrics, including non-performing loans to total loans of 0.22%.
Financial Institutions
Financial Institutions
Financial Institutions Revenue by Segment
Revenue by Segment
Insurance income Revenue
CapyFin.comInvestment advisory Revenue
CapyFin.com Forward Guidance
Company did not provide forward guidance in the earnings report.