Company Quick10K Filing
Financial Institutions
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 16 $448
10-Q 2019-11-06 Quarter: 2019-09-30
10-Q 2019-08-07 Quarter: 2019-06-30
10-Q 2019-05-08 Quarter: 2019-03-31
10-K 2019-03-08 Annual: 2018-12-31
10-Q 2018-11-07 Quarter: 2018-09-30
10-Q 2018-08-08 Quarter: 2018-06-30
10-Q 2018-05-09 Quarter: 2018-03-31
10-K 2018-03-14 Annual: 2017-12-31
10-Q 2017-11-03 Quarter: 2017-09-30
10-Q 2017-08-04 Quarter: 2017-06-30
10-Q 2017-05-05 Quarter: 2017-03-31
10-K 2017-03-07 Annual: 2016-12-31
10-Q 2016-11-04 Quarter: 2016-09-30
10-Q 2016-08-05 Quarter: 2016-06-30
10-Q 2016-05-06 Quarter: 2016-03-31
10-K 2016-03-08 Annual: 2015-12-31
10-Q 2015-11-04 Quarter: 2015-09-30
10-Q 2015-08-05 Quarter: 2015-06-30
10-Q 2015-05-05 Quarter: 2015-03-31
10-K 2015-03-06 Annual: 2014-12-31
10-Q 2014-11-04 Quarter: 2014-09-30
10-Q 2014-08-05 Quarter: 2014-06-30
10-Q 2014-05-06 Quarter: 2014-03-31
10-K 2014-03-12 Annual: 2013-12-31
10-Q 2013-11-05 Quarter: 2013-09-30
10-Q 2013-08-06 Quarter: 2013-06-30
10-Q 2013-05-07 Quarter: 2013-03-31
10-K 2013-03-18 Annual: 2012-12-31
10-Q 2012-11-06 Quarter: 2012-09-30
10-Q 2012-08-07 Quarter: 2012-06-30
10-Q 2012-05-08 Quarter: 2012-03-31
10-K 2012-03-09 Annual: 2011-12-31
10-Q 2011-11-09 Quarter: 2011-09-30
10-Q 2011-08-02 Quarter: 2011-06-30
10-Q 2011-05-03 Quarter: 2011-03-31
10-K 2011-03-07 Annual: 2010-12-31
10-Q 2010-11-02 Quarter: 2010-09-30
10-Q 2010-08-03 Quarter: 2010-06-30
10-Q 2010-05-04 Quarter: 2010-03-31
10-K 2010-03-12 Annual: 2009-12-31
8-K 2020-02-07 Regulation FD
8-K 2020-01-30 Earnings, Regulation FD, Exhibits
8-K 2019-11-26 Regulation FD, Exhibits
8-K 2019-11-04 Regulation FD
8-K 2019-10-29 Earnings, Regulation FD, Exhibits
8-K 2019-08-27 Regulation FD
8-K 2019-08-21 Regulation FD, Exhibits
8-K 2019-07-29 Earnings, Regulation FD, Exhibits
8-K 2019-06-19 Regulation FD
8-K 2019-06-19 Amend Bylaw, Shareholder Vote, Exhibits
8-K 2019-05-22 Officers
8-K 2019-05-22 Regulation FD, Exhibits
8-K 2019-05-14 Regulation FD
8-K 2019-04-30 Earnings, Regulation FD, Exhibits
8-K 2019-03-27 Other Events, Exhibits
8-K 2019-03-27 Officers, Exhibits
8-K 2019-03-20 Officers
8-K 2019-02-28 Regulation FD, Exhibits
8-K 2019-01-31 Earnings, Regulation FD, Exhibits
8-K 2018-12-03 Regulation FD
8-K 2018-11-29 Officers
8-K 2018-11-20 Regulation FD, Exhibits
8-K 2018-11-06 Regulation FD
8-K 2018-10-25 Earnings, Regulation FD, Exhibits
8-K 2018-10-24 Officers, Exhibits
8-K 2018-09-24 Regulation FD
8-K 2018-09-12 Suspend Trading, Exhibits
8-K 2018-08-22 Regulation FD, Exhibits
8-K 2018-07-26 Earnings, Regulation FD, Exhibits
8-K 2018-06-20 Shareholder Vote
8-K 2018-06-20 Regulation FD
8-K 2018-05-23 Regulation FD, Exhibits
8-K 2018-05-15 Regulation FD
8-K 2018-04-26 Earnings, Regulation FD, Exhibits
8-K 2018-04-24 Officers, Exhibits
8-K 2018-03-27 Officers, Other Events
8-K 2018-03-16 Accountant, Exhibits
8-K 2018-02-28 Regulation FD, Exhibits
8-K 2018-02-08 Regulation FD
8-K 2018-01-29 Earnings, Regulation FD, Exhibits

Financial Institutions Financials

FISI Metrics, Comps, Filings

Annual | Quarterly

Business

The Parent is a financial holding company organized in 1931 under the laws of New York State ("New York" or "NYS"). The principal office of the Parent is located at 220 Liberty Street, Warsaw, New York 14569 and its telephone number is (585) 786-1100. The Parent was incorporated on September 15, 1931, but the continuity of the Company's banking business is traced to the organization of the National Bank of Geneva on March 28, 1817. Except as the context otherwise requires, the Parent and its direct and indirect subsidiaries are collectively referred to in this report as the "Company." Five Star Bank is referred to as "Five Star Bank," "FSB" or "the Bank," SDN Insurance Agency, LLC (formerly Scott Danahy Naylon, LLC) is referred to as "SDN," Courier Capital, LLC is referred to as "Courier Capital" and HNP Capital, LLC is referred to as "HNP Capital." The consolidated financial statements include the accounts of the Parent, the Bank, SDN, Courier Capital and HNP Capital. The Parent's common stock is traded on the Nasdaq Global Select Market under the ticker symbol "FISI."

At December 31, 2018, the Company had consolidated total assets of $4.31 billion, deposits of $3.37 billion and shareholders' equity of $396.3 million.

The Parent's primary business is the operation of its subsidiaries. It does not engage in any other substantial business activities. The Parent's four direct wholly-owned subsidiaries are: (1) the Bank, which provides a full range of banking services to consumer, commercial and municipal customers in Western and Central New York; (2) SDN, which sells various premium-based insurance policies on a commission basis to commercial and consumer customers; and (3) Courier Capital and (4) HNP Capital, which both provide customized investment advice, wealth management, investment consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. At December 31, 2018, the Bank represented 99.1%, SDN represented 0.4% and Courier Capital and HNP Capital combined represented 0.5% of the consolidated assets of the Company.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
First Community Bancshares (FCBC) 516 6.6 2% 2,212 1,878 0 0 38 54 359
Independent Bank (IBCP) 509 0% 6.2 1% 3,438 3,107 27 0 42 73 454
Midwestone Financial Group (MOFG) 495 9.4 1% 4,662 4,174 0 0 32 79 748
First Financial (THFF) 492 6.4 1% 3,064 2,586 0 0 45 67 431
Merchants Bancorp (MBIN) 485 0.6 1% 5,287 4,772 0 0 59 153 86
Arrow Financial (AROW) 479 6.1 1% 3,006 2,721 0 0 36 68 416
Financial Institutions (FISI) 448 5.1 1% 4,314 3,892 0 0 41 95 487
Old Line (OLBK) 448 5.3 1% 3,076 2,686 0 0 36 81 427
Capital City Bank Group (CCBG) 446 10.3 1% 3,018 2,703 0 0 28 43 446
Equity Bancshares (EQBK) 421 2.8 1% 4,180 3,722 0 0 25 86 239
Atlantic Capital Bancshares (ACBI) 416 5.0 2% 2,390 2,053 0 0 50 78 388
Sierra Bancorp (BSRR) 412 5.9 1% 2,577 2,280 0 0 33 59 344
Franklin Financial Network (FSB) 412 2.3 1% 4,072 3,678 0 0 22 112 261
Farmers National Banc (FMNB) 408 6.8 1% 2,406 2,121 0 0 34 61 413
CNB Financial (CCNE) 406 4.3 1% 3,401 3,114 0 0 37 85 368
American National Bankshares (AMNB) 394 10.0 1% 2,418 2,106 0 0 16 34 339
RBB Bancorp (RBB) 393 0% 5.3 1% 2,802 2,408 2 0 38 93 496
Bar Harbor Bankshares (BHB) 385 0% 6.0 1% 3,688 3,297 21 0 30 86 515
Old Second Bancorp (OSBC) 380 4.7 1% 2,624 2,366 0 0 36 69 322
Southern National Bancorp of Virginia (SONA) 379 4.7 1% 2,724 2,362 0 0 32 73 346

Balance Sheet ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash5811101
Accounts Receivable
Inventory
PP&E3337367739424543
Assets2,3362572582863393654,1054,312
Accounts Payable
Long-Term Debt039393939
Liabilities2,0992,5102,6742,8103,0873,3903,7243,915
Stockholders' Equity237254255280294320381396
Income Statement ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Revenue515211818
Cost of Revenue
Gross Profit
R&D
SG&A11111224
Tax11-1-1-17111010
Net Income2323262928323440
Cash Flow ($MM)2011-12-312012-12-312013-12-312014-12-312015-12-312016-12-312017-12-312018-12-31
Cash Operating324142014154665
Cash Investing-105-99-242-153-34-2-373-225
Cash Financing91-9-11-1226-12354164