Financial Institutions, Inc. Announces a Cash Dividend
Financial Institutions, Inc. (NASDAQ: FISI), the parent company of Five Star Bank and Courier Capital, has made a significant announcement regarding its shareholder returns. The company’s Board of Directors has approved a quarterly cash dividend of $0.31 per share for all outstanding common shares. This move demonstrates the company’s commitment to providing value to its shareholders.
Details of the Dividend Announcement
In addition to the common share dividend, Financial Institutions, Inc. has declared dividends on its preferred stock as well. Shareholders can expect a dividend of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. Such decisions reflect the company's stability and dedication to maintaining a rewarding relationship with its investors.
Payment Schedule
These dividends are set to be payable on October 2, 2025, to all shareholders recorded by September 15, 2025. This payment schedule illustrates the company’s structured approach in managing shareholder expectations, ensuring timely and regular distributions.
About Financial Institutions, Inc.
Financial Institutions, Inc. holds a strong position in the financial sector, with assets totaling approximately $6.1 billion as of June 30, 2025. The company provides a wide array of banking and wealth management products and services, primarily through its subsidiary, Five Star Bank. This bank caters to a diverse clientele, including individuals, municipalities, and businesses across various regions.
Banking and Lending Services
Five Star Bank offers both consumer and commercial banking solutions, ensuring that customers have access to the financial resources they need. With multiple banking locations in Western and Central New York, as well as a loan production office serving the Mid-Atlantic region, the bank is well-positioned to meet the demands of its clients.
Investment Management by Courier Capital
In addition to its banking services, Courier Capital, LLC, a subsidiary, specializes in providing customized investment management, financial planning, and consulting services. This encompasses a wide range of clients, including individuals, families, businesses, organizations, and retirement plans, showcasing the company's comprehensive offerings in the financial landscape.
Contact Information
For further inquiries or additional information, stakeholders can reach out to Kate Croft, the Director of Investor Relations and Corporate Communications, at (716) 817-5159 or via email at klcroft@five-starbank.com.
Frequently Asked Questions
What is the announced cash dividend per share?
The recently announced cash dividend is $0.31 per outstanding common share.
When will the dividends be paid?
The dividends will be payable on October 2, 2025, to shareholders who are on record as of September 15, 2025.
What additional dividends were declared?
Dividends were also declared for preferred stock, with $0.75 per share on Series A 3% preferred stock and $2.12 per share on Series B-1 8.48% preferred stock.
What services does Financial Institutions, Inc. provide?
The company, through its subsidiaries, offers a range of banking, wealth management, investment management, and financial planning services.
Who can I contact for more information?
You can contact Kate Croft at (716) 817-5159 or email klcroft@five-starbank.com for more details.
