WARSAW, N.Y. (AP) _ Financial Institutions Inc. (FISI) on Wednesday reported second-quarter profit of $10.8 million.
The Warsaw, New York-based bank said it had earnings of 67 cents per share.
The holding company for Five Star Bank posted revenue of $49.6 million in the period. Its revenue net of interest expense was $44 million, which topped Street forecasts.
Financial Institutions shares have declined 55% since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $14.34, a decline of 50% in the last 12 months.