Financial Institutions, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $244.9M | $116.9M | $214.0M | $213.6M | $201.6M | $182.2M | $170.3M | $159.3M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | — | — | — | — | — | — | — | — |
| Gross Margin | — | — | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | — | — | — | — | — | — | — | — |
| Operating Income | $91.4M | $-68.1M | $183.5M | $99.7M | $109.7M | $68.0M | $98.3M | $79.4M |
| Operating Margin | 37.3% | -58.3% | 85.8% | 46.7% | 54.4% | 37.3% | 57.7% | 49.8% |
| Interest Expense | — | — | $120.4M | $28.7M | $12.5M | $22.3M | $38.9M | $29.9M |
| Pretax Income | $91.4M | $-68.1M | $63.1M | $71.0M | $97.2M | $45.7M | $59.4M | $49.5M |
| Income Tax Expense | $16.5M | $-26.5M | $12.8M | $14.4M | $19.5M | $7.4M | $10.6M | $10.0M |
| Net Income | $74.9M | $-41.6M | $50.3M | $56.6M | $77.7M | $38.3M | $48.9M | $39.5M |
| Net Margin | 30.6% | -35.6% | 23.5% | 26.5% | 38.5% | 21.0% | 28.7% | 24.8% |
| EPS (Basic) | $3.65 | $-2.75 | $3.17 | $3.58 | $4.81 | $2.30 | $2.97 | $2.39 |
| EPS (Diluted) | $3.61 | $-2.75 | $3.15 | $3.56 | $4.78 | $2.30 | $2.96 | $2.39 |
| Shares Outstanding (Basic) | 20.1M | 15.7M | 15.4M | 15.4M | 15.8M | 16.0M | 16.0M | 15.9M |
| Shares Outstanding (Diluted) | 20.3M | 15.7M | 15.5M | 15.5M | 15.9M | 16.1M | 16.0M | 16.0M |
| Dividends Per Share | $1.24 | $1.20 | $1.20 | $1.16 | $1.08 | $1.04 | $1.00 | $0.96 |