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.