For the quarter ending 2026-03-31, FISI had -$23,300K decrease in cash & cash equivalents over the period. $23,038K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 |
|---|---|---|---|
| Net income | 20,985 | 19,980 | 54,887 |
| Depreciation and amortization | 1,802 | 2,183 | 5,699 |
| Net (accretion) amortization of (discounts) premiums on securities | 2,003 | 2,324 | 4,109 |
| Provision for credit losses | 2,239 | 3,404 | 8,222 |
| Share-based compensation | 903 | 861 | 2,216 |
| Provision for litigation settlement | - | 0 | - |
| Deferred income tax expense | 1,628 | 5,769 | 5,776 |
| Proceeds from sale of loans held for sale | 10,946 | 12,595 | 33,488 |
| Originations of loans held for sale | 8,490 | 13,513 | 32,918 |
| Income on company owned life insurance | 2,772 | 2,788 | 8,591 |
| Net gain on sale of loans held for sale | 125 | 195 | 542 |
| Net gain on investment securities | 328 | 225 | 706 |
| Net gain on sale of assets of subsidiary | - | 0 | 0 |
| Net loss on other assets | -481 | -225 | -281 |
| Decrease in other assets | -2,892 | 2,791 | -15,800 |
| Decrease in other liabilities | -4,470 | -1,777 | -82,105 |
| Net cash provided by operating activities | 23,688 | 21,404 | -2,602 |
| Purchases of available for sale securities | 152,968 | 186,169 | 137,957 |
| Purchases of held to maturity securities | 747 | 1,573 | 2,359 |
| Proceeds from principal payments, maturities and calls on available for sale securities | 51,642 | 125,745 | 58,971 |
| Proceeds from principal payments, maturities and calls on held to maturity securities | 3,380 | 4,469 | 30,692 |
| Proceeds from sales of securities available for sale | 18,379 | 67,317 | 94,142 |
| Proceeds from sales of securities-held to maturity | - | - | 0 |
| Net decrease (increase) in loans | -25,199 | 69,854 | 119,699 |
| Purchase of company owned life insurance, net of benefits received | - | 184 | 72,086 |
| Proceeds from surrender of company owned life insurance | - | 0 | 73,958 |
| Proceeds from sale of assets of subsidiary | - | 0 | 0 |
| Proceeds from sale of other assets | - | 97 | - |
| Purchase of company owned life insurance | 22 | - | - |
| Purchases of premises and equipment | 650 | 2,121 | 3,427 |
| Net cash used in investing activities | -55,787 | -62,273 | -77,765 |
| Net increase in deposits | 131,533 | -151,461 | 253,078 |
| More than three months - borrowings | - | 0 | - |
| 'more than three months - repayments | - | 0 | 0 |
| 'three months or less, net | - | 54,000 | -44,000 |
| Repurchase of preferred stock | - | 0 | - |
| Proceeds from issuance of common stock | - | 0 | - |
| Issuance of long-term borrowings | - | 80,000 | - |
| Net increase (decrease) in short-term borrowings | 5,000 | - | - |
| Repayment of long-term borrowings | 115,000 | 0 | 10,000 |
| Long-term borrowing issuance costs | - | 1,358 | - |
| Purchases of common stock for treasury | 6,130 | 10,904 | 515 |
| Cash dividends paid to preferred shareholders | - | 1,458 | - |
| Cash dividends paid to common shareholders | - | 24,716 | - |
| Cash dividends paid to common and preferred shareholders | -12,968 | - | 19,572 |
| Net cash provided by financing activities | 8,799 | -36,325 | 178,991 |
| Net (decrease) increase in cash and cash equivalents | -23,300 | -77,194 | 98,624 |
| Cash and cash equivalents, beginning of period | 108,751 | 185,945 | 87,321 |
| Cash and cash equivalents, end of period | 85,451 | 108,751 | 185,945 |
FINANCIAL INSTITUTIONS INC (FISI)
FINANCIAL INSTITUTIONS INC (FISI)