Financial Institutions, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, reporting third-quarter net income of $19.991 million and total assets of $6.507 billion.

Key Highlights

  • Net income: $19.991 million for the three months ended September 30, 2026, compared with $20.477 million in the same period of 2025, according to the filing.
  • Net interest income: $54.291 million for Q3 2026, up from $51.789 million in Q3 2025, as reported.
  • Total assets: $6.507 billion at September 30, 2026, compared with $6.274 billion at December 31, 2025.
  • Loans (net): $4.808 billion at September 30, 2026, up from $4.610 billion at December 31, 2025.
  • Diluted earnings per common share: $0.99 for Q3 2026 and $3.07 for the nine months ended September 30, 2026.
  • Cash dividends declared per common share: $0.32 for Q3 2026, compared with $0.31 in Q3 2025.
  • Shares outstanding: 19,600,935 shares of common stock as of November 2, 2026.

Financial Institutions, Inc. Reports Q3 2026 Results: Loan Growth and Deposit Expansion

According to the filing, Financial Institutions, Inc. (NASDAQ:FISI), a New York-based bank holding company headquartered at 220 Liberty Street, Warsaw, New York, reported net income of $19.991 million for the three months ended September 30, 2026. This compares with $20.477 million in Q3 2025. For the nine months ended September 30, 2026, the company disclosed net income of $62.160 million, up from $54.887 million in the comparable prior-year period. Net income available to common shareholders for the nine-month period was $61.066 million, or $3.07 per diluted share, versus $53.793 million, or $2.65 per diluted share, a year earlier.

The filing reported total interest income of $85.003 million for Q3 2026, compared with $84.422 million in Q3 2025. Total interest expense declined to $30.712 million from $32.633 million in the prior-year quarter, resulting in net interest income of $54.291 million. The provision for credit losses was $3.879 million in Q3 2026, up from $2.732 million in Q3 2025. Total noninterest income was $10.457 million for Q3 2026, compared with $12.056 million for Q3 2025. Total noninterest expense was $36.822 million, versus $35.875 million a year earlier, with salaries and employee benefits rising to $19.655 million from $18.522 million.

On the balance sheet, total deposits grew to $5.475 billion at September 30, 2026, from $5.206 billion at December 31, 2025. Total shareholders' equity was $618.995 million at September 30, 2026, down from $628.854 million at December 31, 2025. Accumulated other comprehensive loss widened to $(74.414) million from $(33.030) million, and treasury stock increased to $(37.825) million, reflecting 1,178,531 shares held, compared with $(27.145) million and 902,149 shares at year-end 2025. The company also disclosed comprehensive loss of $(11.074) million for Q3 2026, driven by other comprehensive loss of $(31.065) million net of tax, primarily from securities available for sale.

What Was Disclosed

Financial Institutions, Inc. disclosed its unaudited consolidated financial results for Q3 2026 and the nine months ended September 30, 2026, covering income, balance sheet position, comprehensive income, and changes in shareholders' equity, with 19,600,935 common shares outstanding as of November 2, 2026.