Financial Institutions, Inc. (FISI)
Financial Services · NMS
Fundamentals
Valuation and ratings
Financial Institutions, Inc. trades at USD39.31, which is 120% below the USD86.50 our discounted cash flow model puts on the business. On that measure alone it screens as undervalued, though a DCF is an argument rather than a measurement, and the market is frequently right about why something is cheap.
Our moat model scores it 43 out of 100, which is little in the way of a moat. A moat is a structural reason competitors cannot take the profits away, and it matters more to a long holding period than any single quarter's numbers do.
It changes hands at 10.2 times earnings. Be careful reading that in isolation: for a cyclical business a low P/E arrives at the top of the cycle, when profits are peaking and about to fall, which is exactly when the shares look cheapest and are not.
FISI dividend history
Dividends per share by year
| Year | Total per share | Payments |
|---|---|---|
| 2026 (year to date) | USD0.640 | 2 |
| 2025 | USD1.24 | 4 |
| 2024 | USD1.20 | 4 |
| 2023 | USD1.20 | 4 |
| 2022 | USD1.16 | 4 |
| 2021 | USD1.08 | 4 |
| 2020 | USD1.04 | 4 |
| 2019 | USD1.00 | 4 |
| 2018 | USD0.960 | 4 |
| 2017 | USD0.850 | 4 |
| 2016 | USD0.810 | 4 |
Split-adjusted amounts in the listing currency, grouped by the calendar year of the ex-dividend date, from the filed record. Growth and streak figures compare complete years only.
FISI earnings and analyst estimates
Recommendation mix, 2 analyst ratings
Estimates are the published analyst consensus and move often. An earnings date is scheduled, not certain, and a share tends to reprice most violently on the day itself.
About Financial Institutions, Inc.
Financial Institutions, Inc., through its subsidiaries, provides banking and financial services to consumer, commercial, and municipal customers in New York. The company provides checking and savings account programs, including money market accounts, certificates of deposit, sweep investments, and individual retirement and other qualified plan accounts, as well as NOW accounts. It also offers commercial loan products including term loans and lines of credit; short and medium-term commercial loans for working capital, business expansion, and purchase of equipment; commercial business loans; commercial mortgage loans; one-to-four family residential mortgage loans; home improvement loans, closed-end home equity loans, and home equity lines of credit; and consumer loans, such as automobile, secured installment, and other secured and unsecured personal loans, as well as recreational vehicle, boat, personal loans, and deposit account collateralized loans. In addition, it offers investment advisory, wealth management, investment consulting, and retirement plan services, as well as operates a real estate investment trust that holds residential mortgages and commercial real estate loans. Financial Institutions, Inc. was founded in 1817 and is headquartered in Warsaw, New York.
FISI passes 6 of our 30 screens today
Each screen prints the exact criteria it used, and the circumstances in which it is wrong.
Super investor ownership
7 of the funds we track reported a position in their latest SEC 13F filing. Largest first:
- Two Sigma, TWO SIGMA INVESTMENTS, LP$8.71M · 0.0% of book
- Renaissance Technologies, RENAISSANCE TECHNOLOGIES LLC$6.43M · 0.0% of book
- Cliff Asness, AQR CAPITAL MANAGEMENT LLC$5.01M · 0.0% of book
- Israel Englander, MILLENNIUM MANAGEMENT LLC$546.7K · 0.0% of book
- Marshall Wace, MARSHALL WACE, LLP$374.5K · 0.0% of book
A word of warning on reading these figures: a 13F reports the market value of a holding, so a fund that traded nothing at all still appears to have sold when the price fell. We found 102 companies where the standard reading gives the opposite answer. Only the share count is honest.
Common questions
Is Financial Institutions, Inc. (FISI) undervalued?
Against our discounted cash flow estimate of USD86.50, FISI at USD39.31 is 120% below fair value. That is one model's answer, not a recommendation, and most of a DCF's output sits in a terminal value nobody can forecast.
Which funds own FISI?
7 of the institutions we track reported a position in FISI in their most recent SEC 13F filing. A 13F is filed up to 45 days after quarter end, so it tells you what a fund held then, not what it holds now.
What is FISI's P/E ratio?
FISI trades at 10.2 times earnings. A low P/E is not automatically cheap: on a cyclical company it is usually a warning that earnings are at a peak.
Does Financial Institutions, Inc. (FISI) pay a dividend?
Yes. Financial Institutions, Inc. yields 3.15% at the current share price. It has paid USD1.26 per share over the trailing twelve months. It has paid a dividend in each of the last 27 complete calendar years. A dividend is declared by the board and can be cut at any time; a yield is a fact about the current price, not a promise.
When does FISI report earnings next?
Financial Institutions, Inc. is scheduled to report on 23 Jul 2026. Companies move earnings dates, so read it as scheduled rather than certain.
The full research page for FISI, with financial statements, ownership detail, peer comparison and alerts, is free inside the app.
Data from company filings, exchange quotes and SEC EDGAR 13F disclosures. Quotes are delayed. Metrics we do not have are left out rather than estimated. Educational information, not financial advice.