Financial Institutions, Inc. Announces Pricing of Common Stock Offering
Financial Institutions, Inc. (FISI)
Last financial institutions, inc. earnings: 4/30 04:05 pm
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US:NASDAQ Investor Relations:
snl.com/irw/corporateprofile/1016825
Company Research
Source: GlobeNewswire
WARSAW, N.Y., Dec. 11, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (Nasdaq: FISI) (the “Company”), parent company of Five Star Bank and Courier Capital, LLC, today announced the pricing of its previously announced underwritten public offering of 4,000,000 shares of its common stock at a public offering price of $25.00 per share. The expected proceeds to the Company, after deducting underwriting discounts and commissions but before deducting operating expenses payable by the Company, are approximately $95.0 million. In addition, the Company has granted the underwriters a 30-day option to purchase up to an additional 600,000 shares of Company common stock at the public offering price, less underwriting discounts, and commissions. The Company intends to use the net proceeds from this offering for general corporate purposes which may include a balance sheet restructuring through the repositioning of a substantial portion of our available-for-sale debt securities portfolio
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FISI
News
- Financial Institutions, Inc. Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
- Financial Institutions, Inc. Schedules Fourth Quarter and Full Year 2024 Earnings Release and Conference CallGlobeNewswire
- Are Investors Undervaluing Financial Institutions (FISI) Right Now? [Yahoo! Finance]Yahoo! Finance
- Financial Institutions, Inc. (NASDAQ: FISI) is now covered by analysts at Piper Sandler. They set an "overweight" rating and a $33.00 price target on the stock.MarketBeat
- Financial Institutions, Inc. (NASDAQ: FISI) was downgraded by analysts at StockNews.com from a "buy" rating to a "hold" rating.MarketBeat
FISI
Earnings
- 4/25/24 - Miss
FISI
Sec Filings
- 12/16/24 - Form 4
- 12/16/24 - Form 4
- 12/16/24 - Form 4
- FISI's page on the SEC website