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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.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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