Financial Institutions conducts its business through its subsidiaries: Five Star Bank, a New York chartered bank, and Scott Danahy Naylon, a full service insurance agency. The Company offers an array of deposit, lending, insurance services and other financial services to individuals, municipalities and businesses in Western and Central New York through the Bank. It operates through two segments: banking and insurance. The banking segment includes the Company's retail and commercial banking operations. The insurance segment includes the activities of SDN, which provides a range of insurance services to both personal and business clients. It offers a choice of various delivery systems and channels, including telephone, point-of-sale transactions, automated clearing house transactions, remote deposit and mobile banking through telephone or wireless devices.

Type
Public
HQ
Warsaw, US
Size (employees)
654 (est)
Website
snl.com
Financial Institutions is headquartered in Warsaw, US
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Financial Institutions Office Locations

Financial Institutions has offices in Warsaw and Brooklyn
Warsaw, US (HQ)
220 Liberty St
Brooklyn, US
6201 15th Ave
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Financial Institutions Financials and Metrics

Financial Institutions Revenue

Financial Institutions's revenue was reported to be $115.23 m in FY, 2016 which is a 9.3% increase from the previous period.
USD

Revenue (Q1, 2018)

44.4 m

Gross profit (Q1, 2018)

38.6 m

Gross profit margin (Q1, 2018), %

87%

Net income (Q1, 2018)

9.3 m

EBIT (Q1, 2018)

26.7 m

Market capitalization (18-Jul-2018)

519.3 m

Closing share price (18-Jul-2018)

32.7

Cash (31-Mar-2018)

122.9 m

EV

724 m
Financial Institutions's current market capitalization is $519.3 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

98.9 m101.1 m105.5 m115.2 m

Revenue growth, %

2%4%9%

Cost of goods sold

10.1 m12.5 m17.5 m

Gross profit

95.3 m102.7 m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Revenue

32.4 m34 m36.9 m37.2 m37.9 m38.4 m40.7 m44.4 m

Cost of goods sold

2.6 m2.9 m2.9 m3 m3.3 m3.5 m4 m5.8 m

Gross profit

29.9 m31.1 m33.9 m34.1 m34.6 m34.8 m36.8 m38.6 m

Gross profit Margin, %

92%92%92%92%91%91%90%87%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

60.1 m71.3 m99.2 m

Accounts Receivable

Inventories

2.3 b2.7 b

PP&E

39.4 m42.4 m45.2 m
Quarterly
USDQ2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Cash

52.6 m51.3 m110.9 m67.6 m110.7 m149.7 m84.5 m122.9 m

Inventories

2 b2 b2.1 b2.2 b2.3 b2.4 b2.5 b2.8 b

PP&E

37.1 m38 m40.8 m40.6 m40.2 m46.5 m46.3 m44.3 m

Total Assets

3.4 b3.4 b3.5 b3.6 b3.7 b3.9 b3.9 b4.2 b
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

25.5 m29.4 m28.3 m31.9 m33.5 m

Depreciation and Amortization

8.6 m9.2 m6.2 m

Inventories

Accounts Payable

Quarterly
USDQ2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q1, 2018

Net Income

7 m7.2 m6.8 m7 m8.3 m7.6 m7.2 m8.5 m7.9 m6.2 m9.3 m

Depreciation and Amortization

4.2 m6.4 m2.2 m4.5 m6.8 m2.3 m4.7 m2.3 m

Cash From Operating Activities

22.3 m35.2 m17 m22.8 m37.4 m7.3 m22.6 m17.1 m

Cash From Investing Activities

(282.1 m)(281.2 m)(79 m)(182.3 m)(247.9 m)(71.8 m)(172.7 m)(40.7 m)
USDY, 2018

EV/EBIT

27.1 x

EV/CFO

42.3 x

Financial Leverage

10.9 x
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Financial Institutions Operating Metrics

Financial Institutions's Total Loans was reported to be $2.5b in Q2, 2017.
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Financial Institutions News and Updates

Prepaid Card Programs 2018: BIN Sponsorship and the Benefits for Financial Institutions - The Market Opportunity for Banks and Credit Unions

DUBLIN, June 27, 2018 /PRNewswire/ -- The "BIN Sponsorship of Prepaid Card Programs: Benefits for Financial Institutions" report has been added to ResearchAndMarkets.com's offering. This report outlines the basics of BIN sponsorship of prepaid card programs from the perspective...

Cyberbit Hosted a First Joint Cyberdefense Exercise for German and Israeli Financial Institutions

RAANANA, Israel and FRANKFURT, Germany, June 27, 2018 /PRNewswire/ -- Cyberbit Ltd., a world leading provider of cybersecurity simulation and IT/OT detection and response platforms, and Finanz Informatik GmbH and Co.("FI"), the central IT service provider of the German Savings Banks...

How to Protect Financial Institutions From DDoS Attacks

Financial institutions have always been the targets of criminals, forcing them to implement complex and sophisticated security measures against attacks. The digital frontier only provided new fertile ground for increasingly creative cyber criminals and forces banks to evolve their own The post How t…

Compliance Training Market for Financial Institutions Industry to grow at a CAGR of 15.29% With Key Players ACAMS, Euromoney Learning, FINRA

HTF MI recently introduced market study “Compliance Training Market for Financial Institutions in the US 2018-2022” with in-depth focused approach on qualitative research, describing product Scope and elaborating industry insights and outlook to 2022. Posted via Industry Today. Follow us on Twitter …

This One Thing Is Critical For Financial Institutions To Survive The Millennial Takeover

Millennials are taking over as the largest generation. And financial institutions must switch strategies to meet the needs of this growing sector.

How This Startup Wants to Fill Crypto Void Left by Biggest Financial Institutions

Startup founder says the way most people invest in crypto has more in common with gambling than with investing.
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Financial Institutions Company Life and Culture

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