Comparing the current results to its competitors, Financial Institutions Inc reported Revenue increase in the 1 quarter 2026 by 11.27 % year on year. The sales growth was above Financial Institutions Inc 's competitors' average revenue growth of 10.63 %, achieved in the same quarter.
Financial Institutions Inc Net Income in the 1 quarter 2026 grew year on year by 24.33%, faster than the Financial Institutions Inc 's competitors average income growth of 19.06 %
Financial Institutions Inc 's Comment on Competition and Industry Peers
The company operates in Western and Central New York, competing primarily with commercial banks, savings banks, savings and loan associations, mortgage banking companies, credit unions, and other financial services firms. It also faces competition for deposits from non-traditional FinTech firms, mutual fund companies, securities and brokerage firms, and insurance companies. The industry is characterized by frequent merger activity, which impacts competition by reducing the number of institutions and potentially consolidating market strength.
Company's competitiveness improved within Overall company, with revenue growth of 11.27 % and its market share increased to approx. 0.02 %. << More on FISI Market Share.
*Market share is calculated based on total revenue.
September 16, 2024
In a strategic pivot that highlights the ever-evolving landscape of banking, Financial Institutions, Inc. the parent company of Five Star Bank, has announced its intent to wind down its Banking-as-a-Service (BaaS) offerings. This decision reflects a renewed emphasis on its core franchise, signaling a shift in priorities as the company navigates the challenges and opportunities in the financial sector.The BaaS model, which enables third-party companies to provide banking services through the bank s infrastructure, has garnered attention in recent years as a convenient avenue for digital transformation. However, despite the industry s hype, Financial Institutions, Inc. has revealed that as of June 30, 2024, it...
April 1, 2024
Financial Institutions, Inc. Completes Sale of SDN Insurance Agency Assets to NFP and Reports Mixed Financial ResultsFinancial Institutions, Inc. (NASDAQ: FISI) recently announced the successful completion of the sale of its subsidiary SDN Insurance Agency, LLC to NFP Property and Casualty Services, Inc., a prominent property and casualty broker and benefits consultant. This transaction marks a significant strategic move for Financial Institutions, Inc. and positions them for future growth and focus on their core operations.Under the terms of the agreement, NFP acquired all the assets of SDN Insurance Agency. The talented SDN team, including President William E. Gallagher, joined NFP as part of the deal. NFP...
Publicly Traded Peers of Financial Institutions Inc
Bank Of Marin Bancorp Share Performance
+2.28%
Over The Past 5 Days
Bank Of Marin Bancorp
Profile
Bank of Marin Bancorp's business model revolves around providing a comprehensive range of financial services to individuals, businesses, and non-profit organizations in the San Francisco Bay Area. With a focus on personalized customer service and local decision-making, they aim to meet the unique needs of their community while driving long-term growth and profitability.
Chubb Limited operates as a global provider of insurance and reinsurance solutions. Their business model centers around underwriting various types of property and casualty insurance coverage for a wide range of clients, while also offering risk management and loss prevention services. Through their extensive distribution network, Chubb aims to deliver tailored insurance products and exceptional customer service to meet the specific needs of individual, commercial, and industrial customers worldwide.
Colony Bankcorp Inc's business model revolves around providing various financial services, including loans, deposits, and other banking products to individual and business customers in their respective markets.
CB Financial Services Inc is a diversified financial holding company that operates through its banking subsidiary, Community Bank. Their business model revolves around providing a wide range of financial services to individual and business customers in Pennsylvania and Ohio. They primarily generate revenue through interest income, fees, and commissions earned from lending, deposit services, mortgage banking, and wealth management.
Capital Bancorp Inc is a financial institution that operates as a holding company for a subsidiary bank. It provides a range of banking products and services to individuals and businesses, including loans, deposits, and other financial solutions. The company primarily generates revenue through interest income on loans and investments, as well as fee income from various banking services.
Sources:
Financial Institutions Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
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