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 19.01 %
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
Hawthorn Bancshares Inc Share Performance
+5.42%
This Quarter
Hawthorn Bancshares Inc
Profile
Hawthorn Bancshares Inc operates as a bank holding company that provides banking services to customers across various communities. The company primarily focuses on offering commercial banking solutions such as deposit accounts, loans, and financial planning services. Its business model revolves around catering to the financial needs of individuals, businesses, and organizations while maintaining a strong presence in local markets.
KeyCorp operates as a bank holding company, offering personalized financial solutions such as banking, investment, and insurance services to individuals and businesses in the U.S. Revenue is generated through interest from loans and deposits, as well as various fee-based services.
KKR and Co Inc's business model revolves around private equity investments and providing capital solutions to companies. They focus on identifying investment opportunities, making strategic acquisitions, and actively working with management teams to enhance the value of their portfolio companies.
Kearny Financial Corp's business model revolves around providing financial services, primarily through its subsidiary Kearny Bank. This includes offering a range of banking products and services to individuals and businesses, such as loans, mortgages, deposit accounts, and wealth management solutions.
Ladder Capital Corp operates as a real estate investment trust (REIT) and focuses on lending and investing activities in the commercial real estate market.
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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