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FINANCIAL INSTITUTIONS INC FISI

Nasdaq · stock · National Commercial Banks · website · IPO 1999-06-25

FINANCIAL INSTITUTIONS INC statistics & valuation

Market cap$766.4M
P / E10.2×
P / B1.2×
P / FCF57.8×
Dividend yield3.22%
Return on equity11.9%
Net debt$84.9M
Enterprise value USD$851.3M
Graham number +19.8%$50.14

Market cap as of 2026-06-29. Multiples are price-derived and refreshed daily; everything else from the latest financial reports. The Graham number is Benjamin Graham's rough maximum fair value ($50.14); a green figure means the price is below it.

Profitability & efficiency

Gross margin (%)
2016201720182019202020212022202320242025
Operating margin (%)
2016201720182019202020212022202320242025
Return on equity (%)
10.00% 8.80% 10.00% 11.10% 8.20% 15.40% 13.90% 11.10% -7.30% 11.90% 2016201720182019202020212022202320242025
Shares outstanding
14.5M 15.1M 16.0M 16.1M 16.1M 16.1M 15.5M 15.5M 15.7M 20.3M 2016201720182019202020212022202320242025
Net debt ($)
$39.1M $39.1M $39.2M $39.3M $73.6M $73.9M $74.2M $90000 $37.5M $84.9M 2016201720182019202020212022202320242025
Share buybacks ($)
2016201720182019202020212022202320242025
Return on assets (%)
0.90% 0.80% 0.90% 1.10% 0.80% 1.40% 1.00% 0.80% -0.70% 1.20% 2016201720182019202020212022202320242025
Free cash flow margin (%)
2016201720182019202020212022202320242025
Debt / equity (×)
0.12× 0.10× 0.10× 0.09× 0.16× 0.15× 0.18× 0.27× 0.22× 0.31× 2016201720182019202020212022202320242025
EPS ($)
$2.10 $2.13 $2.39 $2.96 $2.30 $4.78 $3.56 $3.15 -$2.75 $3.61 2016201720182019202020212022202320242025

Margins and returns computed from annual filings. Falling shares outstanding = buybacks; rising = dilution. Net debt = debt − cash (negative = net cash).

P / E vs its own history

FINANCIAL INSTITUTIONS INC trades at about 11.6× earnings — above its 10-year norm (10-year range 6.6×–15.7×, median 10.4×).

6.6× 15.7×

Shaded band = 10-year range (6.6×–15.7×); dot = today's 11.6×.

Historical P/E = month-end price near each fiscal year-end ÷ that year's EPS. A read on whether the stock is cheap or dear relative to how it has typically been valued — not a forecast.

Key ratios (by fiscal year)

RatioFY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Return on assets1.2%-0.7%0.8%1.0%1.4%0.8%1.1%0.9%0.8%0.9%
Return on equity11.9%-7.3%11.1%13.9%15.4%8.2%11.1%10.0%8.8%10.0%
Debt / equity0.31×0.22×0.27×0.18×0.15×0.16×0.09×0.10×0.10×0.12×

Computed from company filings · US · as of 2025-12-31. Facts plus Stocktoria's own computed scores — not investment advice.