← FINANCIAL INSTITUTIONS INC

Annual Trend FY 2016 FY 2017 FY 2018 FY 2019 FY 2020 FY 2021 FY 2022 FY 2023 FY 2024 FY 2025
Cash flows from operating activities:
Adjustments to reconcile net income to net cash provided by operating activities:
Net Income (Loss) Attributable to Parent $31.9m $33.5m $39.5m $48.9m $38.3m $77.7m $56.6m $50.3m ($41.6m) $74.9m
Net Income (Loss) Available to Common Stockholders, Basic $30.5m $32.1m $38.1m $47.4m $36.9m $76.2m $55.1m $48.8m ($43.1m) $73.4m
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest — — — $48.9m $38.3m $77.7m $56.6m $50.3m ($41.6m) $74.9m
Depreciation and amortization $6.0m $6.2m $6.5m $8.2m $7.9m $8.0m $8.1m $8.1m $7.7m $7.9m
Amortization of Intangible Assets — $1.2m $1.3m $1.2m $1.1m $1.1m $986k $910k $552k $415k
Deferred Income Tax Expense (Benefit) ($1.7m) $12.4m ($10.5m) $369k ($4.5m) $5.2m ($4.4m) ($1.3m) ($35.3m) $11.5m
Share-based Payment Arrangement, Noncash Expense $845k $1.2m $1.3m $1.4m $1.3m $1.7m $2.6m $1.7m $1.6m $3.1m
Goodwill, Impairment Loss — $1.6m $2.4m $0 — $0 $0 $0 $0 $0
Restructuring Costs and Asset Impairment Charges — — — — — — — $114k — —
Gain (Loss) on Disposition of Business — — — — — — — — $13.7m $0
Gain (Loss) on Disposition of Other Assets $313k $37k $50k $29k ($61k) $441k ($16k) ($6k) $13.6m ($506k)
Income Tax Expense (Benefit) $12.2m $9.9m $10.0m $10.6m $7.4m $19.5m $14.4m $12.8m ($26.5m) $16.5m
Changes in operating assets and liabilities:
Additional Financial Items
Increase (Decrease) in Other Operating Assets ($2.0m) $24.5m ($13.4m) $21.3m $37.6m $9.3m $29.9m $56.1m ($20.5m) ($13.0m)
Provision for Loan, Lease, and Other Losses $9.6m $13.4m $8.9m $8.0m $27.2m — — — $6.2m $11.6m
Bank Owned Life Insurance Income $2.8m $1.8m $1.8m $1.8m $1.9m $2.9m $5.5m $12.1m $5.5m $11.4m
Increase (Decrease) in Other Operating Liabilities $257k $4.0m $3.1m $15.0m $10.6m ($2.6m) $80.6m $372k $13.2m ($83.9m)
Gain (Loss) on Sales of Loans, Net $240k $376k $796k $1.4m $3.9m $3.0m $1.2m $566k $618k $737k
Proceeds from Stock Options Exercised $964k $413k $320k — — — — — — —
Parent Company $11.5m $12.5m $14.9m $15.8m $16.5m $17.0m $17.6m $18.3m $18.5m $24.7m
Debt and Equity Securities, Gain (Loss) ($2.7m) ($1.3m) ($127k) $1.7m $1.6m $71k ($15k) ($3.6m) ($100.1m) $931k
Goodwill $66.4m $65.8m $66.1m $66.1m $66.1m $67.1m $67.1m $67.1m $58.1m $58.1m
Insurance Services Revenue $5.4m $5.3m $4.9m $4.6m $4.4m $5.8m $6.4m $6.7m $2.1m $11k
Restructuring Costs — — — — $1.7m $122k $1.6m $114k $35k —
Derivative, Gain (Loss) on Derivative, Net — — $972k $2.3m $5.5m $2.7m $1.9m $1.4m $726k $2.5m
Net Cash Provided by (Used in) Operating Activities $46.7m $46.3m $65.1m $57.7m $43.5m $73.0m $133.6m $10.9m $77.1m $18.8m
Cash flows from investing activities:
Payments to Acquire Property, Plant, and Equipment $7.6m $7.7m $2.8m $3.6m $4.3m $9.4m $8.4m $3.0m $5.0m $5.5m
Payments to Acquire Businesses, Net of Cash Acquired $868k $676k $4.4m — — $1.4m $0 $0 — —
Payments for (Proceeds from) Other Investing Activities ($854k) ($234k) ($590k) ($360k) ($519k) $3.5m $0 $0 — —
Net Cash Provided by (Used in) Investing Activities ($326.7m) ($372.6m) ($225.4m) ($24.7m) ($531.1m) ($633.4m) ($325.2m) ($310.1m) ($8.2m) ($140.0m)
Cash flows from financing activities:
Proceeds from Maturities, Prepayments and Calls of Debt Securities, Available-for-sale $95.3m $50.1m $29.9m $82.4m $97.7m $150.9m $122.6m $83.4m $260.1m $184.7m
Proceeds from Issuance of Long-term Debt — — — — $35.0m — $0 $50.0m $0 $80.0m
Repayments of Long-term Debt — — — — — — — — — $10.0m
Proceeds from Issuance of Common Stock — $38.3m — — — — $0 $0 $108.6m $0
Payments for Repurchase of Common Stock — $148k $113k $293k $209k $9.2m $15.3m $571k $426k $11.4m
Payments of Ordinary Dividends, Common Stock $11.5m $12.5m $14.9m $15.8m $16.5m $17.0m $17.6m $18.3m $18.5m $24.7m
Dividends Payable — — $4.2m $4.4m $4.5m $4.6m $4.8m $5.0m $6.4m $6.6m
Net Cash Provided by (Used in) Financing Activities $291.1m $354.3m $163.8m ($22.8m) $468.5m $545.7m $242.9m $293.2m ($106.0m) $142.7m
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect — — $3.6m $10.2m ($19.1m) ($14.8m) $51.4m ($6.0m) ($37.1m) $21.4m
Supplemental disclosure of cash flow information:
Interest Paid, Excluding Capitalized Interest, Operating Activities $11.8m $14.8m $28.6m $37.2m $28.9m $14.7m $32.6m $133.8m $156.1m $128.6m
Income Taxes Paid, Net $10.6m $13.2m $3.5m $9.9m $7.5m $10.8m $3.4m $6.3m $3.5m ($17k)

Data sourced from SEC EDGAR 10-K filings via EdgarTools. Amounts are shown in USD as reported in each fiscal year filing.