The EPS miss and rising credit costs are the key negatives. Monitor the Q4 2026 earnings call for commentary on net charge-off trends and loan growth sustainability, as well as any update on the buyback program's remaining capacity.
Price Chart
Executive Summary
Financial Institutions, Inc. reported Q3 2026 diluted EPS of $0.99, flat year-over-year but below the $1.05 consensus, resulting in a miss. Net income available to common shareholders declined 2.4% YoY to $19.6 million. Loan growth of 5.8% YoY and a record net interest income of $54.3 million were offset by higher provision for credit losses and elevated net charge-offs.
Key Financial Metrics
Key Facts
- Q3 2026 diluted EPS of $0.99, flat YoY but missed consensus of $1.05 (surprise -5.7%)
- Net income available to common shareholders fell 2.4% YoY to $19.6 million
- Net interest income reached a quarterly high of $54.3 million, up 4.8% YoY
- Total loans grew 5.8% YoY to $4.86 billion; total deposits up 2.2% YoY to $5.47 billion
- Provision for credit losses increased 42.0% YoY to $3.9 million
- Net charge-offs to average loans annualized rose to 0.33% from 0.18% in Q3 2025
- Company repurchased 185,833 shares at an average price of $40.92 during the quarter
Financial Impact
EPS miss of $0.06 vs consensus; net income down $0.5M YoY; provision up $1.1M YoY
Risk Factors
- Higher provision for credit losses and net charge-offs could pressure future earnings
- Flat EPS YoY and a miss vs consensus may lead to negative sentiment
- Declining tangible common equity ratio (8.40% vs 8.74% a year ago) signals reduced capital buffer
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-437786 |
| Document: fisi-20260930.htm | 0001193125-26-437786 |
| Document: 0001193125-26-437786-index-headers.html | 0001193125-26-437786 |
| Document: 0001193125-26-437786-index.html | 0001193125-26-437786 |
| Document: 0001193125-26-437786.txt | 0001193125-26-437786 |
| 8-K Data (Synthetic) | 0001193125-26-437786 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 29, 2026 3d ago | 8-K | No price | awaiting T+60 | awaiting T+60 | No price |
Oct 29, 2026 3d ago | Press Release | $41.20 | awaiting T+60 | awaiting T+60 | $39.37 (+4.44%) |
Oct 1, 2026 4w ago | Press Release | $39.98 | awaiting T+60 | awaiting T+60 | $39.37 (−1.53%) |
Jul 23, 2026 14w ago | Press Release | $40.62 $39.19 | ▼ −3.52% | ▼ −6.81% | $39.37 (−3.08%) |
Jun 11, 2026 20w ago | Institutional Cluster | $37.98 $41.70 | ▲ +9.79% | ▲ +5.40% | $39.37 (+3.66%) |
May 20, 2026 23w ago | Press Release | $35.37 $41.56 | ▲ +17.50% | ▲ +13.20% | $39.37 (+11.31%) |
Apr 23, 2026 27w ago | Press Release | $33.71 $39.49 | ▲ +17.15% | ▲ +12.07% | $39.37 (+16.79%) |
Mar 30, 2026 30w ago | Press Release | $31.71 $38.93 | ▲ +22.77% | ▲ +10.39% | $39.37 (+24.16%) |
US Market Status
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