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Financial Institutions Inc (FISI.OQ)

FISI.OQ on NASDAQ Stock Exchange Global Select Market

31.80USD
24 Mar 2017
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Latest Key Developments (Source: Significant Developments)

Financial Institutions posts Q2 adj. earnings $0.47/shr
Tuesday, 26 Jul 2016 04:05pm EDT 

Financial Institutions Inc : Financial Institutions, Inc. announces second quarter 2016 results . Q2 non-GAAP earnings per share $0.47 . Q2 earnings per share view $0.44 -- Thomson Reuters I/B/E/S . Q2 earnings per share $0.47 .Net interest income was $25.2 million in Q2 2016 compared to $24.7 million in Q1 2016.  Full Article

Financial Institutions Inc announces quarterly dividend
Wednesday, 24 Feb 2016 04:06pm EST 

Financial Institutions Inc:Approved a quarterly cash dividend of $0.20 per outstanding common share.The Company also announced dividends of $0.75 per share on Series A 3% preferred stock and $2.12 per share on series B-1 8.48% preferred stock.All dividends are payable April 4, 2016 to shareholders of record as of March 15, 2016.  Full Article

Financial Institutions, Inc. Announces Agreement to Acquire Courier Capital
Monday, 30 Nov 2015 10:30am EST 

Financial Institutions, Inc:entered into a definitive agreement to acquire Courier Capital, a leading SEC-registered investment advisory and wealth management firm based in western New York, with operations in Buffalo and Jamestown.acquisition is structured as a merger, with $9 million (approximately 90% payable in FISI common stock) payable at closing.with additional contingent consideration (also payable primarily in FISI common stock) expected between $2.3 to $5.0 million and related post-closing payments based on Courier's achievement of certain growth objectives during the three year period following the closing.acquisition is expected to be breakeven to moderately accretive to the earnings of Financial Institutions, Inc. in 2016.  Full Article

Financial Institutions, Inc approves quarterly cash dividend
Wednesday, 18 Nov 2015 04:05pm EST 

Financial Institutions, Inc:Approves quarterly cash dividend of $0.20 per outstanding common share.Company also announced dividends of $0.75 per share on Series A 3% preferred stock and $2.12 per share on series B-1 8.48% preferred stock.Payable Jan. 4, 2016 to shareholders of record as of Dec. 10.  Full Article

Financial Institutions announces quarterly dividend
Wednesday, 26 Aug 2015 04:05pm EDT 

Financial Institutions:Approved a quarterly cash dividend of $0.20 per outstanding common share.Company also announced dividends of $0.75 per share on Series A 3% preferred stock and $2.12 per share on series B-1 8.48% preferred stock.All dividends are payable October 2, 2015 to shareholders of record as of September 10, 2015.  Full Article

Financial Institutions Inc announces closing of $40 million subordinated notes offering
Wednesday, 15 Apr 2015 10:08am EDT 

Financial Institutions Inc:Says that it has successfully completed the sale of $40 million in aggregate principal amount of its 6.00 pct. fixed to floating rate subordinated notes due 2030.  Full Article

Financial Institutions Inc announces upsizing and pricing of $40 mln of subordinated notes
Friday, 10 Apr 2015 08:30am EDT 

Financial Institutions Inc:Says Pricing of public underwritten offering of $40 mln of fixed to floating rate subordinated notes due 2030.Due to market demand, Company increased aggregate offering amount of Notes to $40 million from previously announced amount of $35 mln.Notes will bear fixed rate of interest at rate of 6.00 pct per year, from and including April 15, 2015 to but excluding April 15, 2025.From and including April 15, 2025 to maturity date, interest rate shall be floating rate equal to three-month LIBOR determined on determination date of applicable interest period plus 3.944 pct.Notes were priced at 100 pct of their face amount.Offering is expected to close on or about April 14, 2015, subject to the satisfaction or waiver of customary closing conditions.Intends to treat Notes as Tier 2 regulatory capital.Plans to use net proceeds of offering for general corporate purposes, including but not limited to, contributing capital to Five Star Bank, wholly-owned subsidiary, organic growth initiatives.Potential acquisitions to expand banking and other complementary non-banking businesses should accretive opportunities arise and payment of dividends.Sterne, Agee & Leach, Inc. is acting as sole book-running manager for offering and Sandler O'Neill + Partners, L.P. is acting as co-manager for offering.  Full Article

Financial Institutions Inc commences subordinated notes offering
Thursday, 9 Apr 2015 08:57am EDT 

Financial Institutions Inc:Commences public underwritten offering of $35 million in aggregate principal amount of subordinated notes due 2030.Says it plans to use net proceeds for general corporate purposes, including but not limited to, contributing capital to Five Star Bank, organic growth initiatives, potential acquisitions to expand banking and other complimentary non banking businesses and payment of dividends.Sterne, Agee & Leach, Inc. is acting as sole book-running manager for the offering.Sandler O'Neill + Partners, L.P. is acting as co-manager for the offering.  Full Article

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BRIEF-Financial Institutions Inc reports Q4 EPS $0.57

* Financial institutions, inc. Announces fourth quarter and full year 2016 results