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Dec 31, 2020
Financial Institutions Q4 2020 Earnings Report
Financial Institutions, Inc. reported strong fourth quarter results with record net interest income and EPS.
Key Takeaways
Financial Institutions, Inc. reported net income of $13.8 million for the fourth quarter of 2020, compared to $13.1 million in 2019. Earnings per diluted share were $0.84, up from $0.79 in the previous year. Pre-tax pre-provision income reached a record high of $21.0 million, driven by growth in net interest income and noninterest income.
Net income increased to $13.8 million compared to $13.1 million in 2019.
Pre-tax pre-provision income was the highest in Company history at $21.0 million.
Net interest income increased by $3.0 million compared to the fourth quarter of 2019.
Completed a $35 million subordinated debt offering and put a stock repurchase program in place.
Financial Institutions
Financial Institutions
Financial Institutions Revenue by Segment
Revenue by Segment
Service charges on deposits Revenue
CapyFin.comInsurance income Revenue
CapyFin.comInvestment advisory Revenue
CapyFin.comCompany owned life insurance Revenue
CapyFin.comInvestments in limited partnerships Revenue
CapyFin.comLoan servicing Revenue
CapyFin.comNet gain on sale of loans held for sale Revenue
CapyFin.comNet gain on investment securities Revenue
CapyFin.comNet loss on tax credit investments Revenue
CapyFin.comOther Revenue
CapyFin.com Forward Guidance
The company did not provide specific forward guidance in this earnings report.