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Financial Institutions: 3Q Earnings Snapshot

WARSAW, N.Y. (AP) _ Financial Institutions Inc. (FISI) on Tuesday reported third-quarter net income of $12.8 million.

The bank, based in Warsaw, New York, said it had earnings of 78 cents per share.

The holding company for Five Star Bank posted revenue of $54.8 million in the period. Its revenue net of interest expense was $44.8 million, which topped Street forecasts.

Financial Institutions shares have increased 20% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.90, an increase of almost 10% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FISI at https://www.zacks.com/ap/FISI