Financial Institutions, Inc. (NASDAQ: FISI) announced on October 23, 2025 that it earned $20.5 million in net income for the third quarter ended September 30, 2025, up 17 % from the $17.2 million reported in Q2 2025 and more than 50 % from the $13.1 million in Q3 2024. Net income available to common shareholders reached $20.1 million, translating to earnings per share of $0.99, a 16 % increase over the $0.85 EPS reported in Q2 2025. The company’s dividend was set at $0.31 per share, consistent with the prior quarter’s payout.
Net interest income climbed to $51.8 million, a $7.9 million increase from Q2 2025, and the net interest margin expanded to 3.65 %, up 62 basis points from 3.49 % in the prior quarter. The margin growth was driven by higher yields on investment securities and lower funding costs, while loan growth of 5 % on an annualized basis added $4.59 billion in total loans. Noninterest income rose to $12.1 million, and noninterest expense increased modestly to $35.9 million, keeping the efficiency ratio below 57 %.
Capital strength remained robust, with shareholders’ equity at $621.7 million and a Common Equity Tier 1 ratio of 10.84 %, well above regulatory thresholds. The company’s share repurchase program, announced on September 22, 2025, remains unchanged, and the board continues to support the strategy of reinvesting earnings into core banking and wealth‑management operations. The Q3 results reinforce the company’s trajectory of margin expansion and disciplined cost management, positioning it for sustained profitability in the coming quarters.
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