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.

TypePublic
HQWarsaw, US
Size (employees)654 (est)
Websitesnl.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 (Q2, 2018)

89.8m

Gross profit (Q2, 2018)

77.2m

Gross profit margin (Q2, 2018), %

86%

Net income (Q2, 2018)

21.5m

EBIT (Q2, 2018)

56.7m

Market capitalization (15-Oct-2018)

464.5m

Closing stock price (15-Oct-2018)

29.2

Cash (30-Jun-2018)

89.1m

EV

848.2m
Financial Institutions's current market capitalization is $464.5 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

98.9m101.1m105.5m115.2m

Revenue growth, %

2%4%9%

Cost of goods sold

10.1m12.5m17.5m

Gross profit

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

Revenue

32.4m34.0m36.9m37.2m37.9m38.4m40.7m44.4m89.8m

Cost of goods sold

2.6m2.9m2.9m3.0m3.3m3.5m4.0m5.8m12.6m

Gross profit

29.9m31.1m33.9m34.1m34.6m34.8m36.8m38.6m77.2m

Gross profit Margin, %

92%92%92%92%91%91%90%87%86%
Annual
USDFY, 2015FY, 2016FY, 2017

Cash

60.1m71.3m99.2m

Accounts Receivable

Inventories

2.3b2.7b

PP&E

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

Cash

52.6m51.3m110.9m67.6m110.7m149.7m84.5m122.9m89.1m

Inventories

2.0b2.0b2.1b2.2b2.3b2.4b2.5b2.8b2.9b

PP&E

37.1m38.0m40.8m40.6m40.2m46.5m46.3m44.3m43.7m

Total Assets

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

Net Income

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

Depreciation and Amortization

8.6m9.2m6.2m

Inventories

Accounts Payable

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

Net Income

7.0m7.2m6.8m7.0m8.3m7.6m7.2m8.5m7.9m6.2m9.3m21.5m

Depreciation and Amortization

4.2m6.4m2.2m4.5m6.8m2.3m4.7m2.3m4.6m

Cash From Operating Activities

22.3m35.2m17.0m22.8m37.4m7.3m22.6m17.1m30.3m

Cash From Investing Activities

(282.1m)(281.2m)(79.0m)(182.3m)(247.9m)(71.8m)(172.7m)(40.7m)(111.1m)
USDY, 2018

EV/EBIT

15 x

EV/CFO

28 x

Financial Leverage

10.8 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

Third Annual Mobile Deposit Report Finds Significant Ranking Movement Among the Largest Financial Institutions

App Design and Increased Deposit Limits Key Factors in 2018 Rankings App Design and Increased Deposit Limits Key Factors in 2018 Rankings

Financial Institutions, Inc. Schedules Third Quarter 2018 Earnings Release and Conference Call

WARSAW, N.Y., Oct. 02, 2018 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the “Company”), the parent company of Five Star Bank, Scott Danahy Naylon, LLC (“SDN”), Courier Capital, LLC (“Courier Capital”) and HNP Capital, LLC (“HNP Capital”), will release results for the third quar…

LexisNexis Risk Solutions and iMeta Technologies Join Forces to Reduce Financial Crime Risk for Financial Institutions

ATLANTA, Oct. 2, 2018 /PRNewswire/ -- LexisNexis® Risk Solutions, a part of RELX Group (NYSE: RELX), today announced an alliance with iMeta Technologies, a leader in Client Lifecycle Management (CLM) technology for financial organizations, to integrate iMeta's CLM technology with...

BITS Joins Forces with ProfitStars to Enhance IP Telephony Outsourcing, Network and Security Solutions for Community Financial Institutions

NEWARK, N.J., Oct. 2, 2018 /PRNewswire/ -- BITS, a subsidiary of Atlantic Community Bankers Bank (ACBB), is a managed private cloud provider for hosted IP Telephony, Call Center, and WAN services that currently serves more than 100 community financial institutions. Today, BITS announced...

110 Financial Institutions Outsource IT Infrastructure to ProfitStars

MONETT, Mo., Sept. 25, 2018 /PRNewswire/ -- Jack Henry & Associates, Inc. (NASDAQ: JKHY) is a leading provider of technology solutions and payment processing services primarily for the financial services industry. Today, its ProfitStars® division announced that 110 banks and credit unions ...

Significant Investment From Financial Institutions is Set to Grow the Blockchain Market

NEW YORK, September 20, 2018 /PRNewswire/ -- According to a market report from Critical Future, the global blockchain market size is expected to grow at a compound annual growth rate (CAGR) of 62.61% to reach USD 10.1 Billion by 2024, up from USD 548.2 Million in 2018. About 44 different...
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Financial Institutions Company Life and Culture

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