Financial Institutions, Inc.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $147.3M | $138.5M | $125.7M | $119.1M | $116.4M | $113.3M | $105.8M | $98.2M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $61.0M | $56.7M | $49.0M | $46.3M | $45.2M | $43.8M | $47.5M | $48.4M |
| Operating Margin | 41.4% | 40.9% | 39.0% | 38.8% | 38.9% | 38.7% | 44.9% | 49.2% |
| Interest Expense | $17.5M | $12.5M | $10.1M | $7.3M | $7.3M | $9.1M | $13.3M | $17.7M |
| Pretax Income | $43.5M | $44.1M | $38.9M | $39.0M | $37.9M | $34.8M | $34.2M | $30.6M |
| Income Tax Expense | $9.9M | $12.2M | $10.5M | $9.6M | $12.4M | $11.3M | $11.4M | $9.4M |
| Net Income | $33.5M | $31.9M | $28.3M | $29.4M | $25.5M | $23.4M | $22.8M | $21.3M |
| Net Margin | 22.8% | 23.1% | 22.6% | 24.6% | 21.9% | 20.7% | 21.6% | 21.7% |
| EPS (Basic) | $2.13 | $2.11 | $1.91 | $2.01 | $1.75 | $1.60 | $1.50 | $1.62 |
| EPS (Diluted) | $2.13 | $2.10 | $1.90 | $2.00 | $1.75 | $1.60 | $1.49 | $1.61 |
| Shares Outstanding (Basic) | 15.0M | 14.4M | 14.1M | 13.9M | 13.7M | 13.7M | 13.1M | 10.8M |
| Shares Outstanding (Diluted) | 15.1M | 14.5M | 14.1M | 13.9M | 13.8M | 13.8M | 13.2M | 10.8M |
| Dividends Per Share | $0.85 | $0.81 | $0.80 | $0.77 | $0.74 | $0.57 | $0.47 | $0.40 |