Exhibit 99.1 FINANCIAL INSTITUTIONS, INC. ANNOUNCES FIRST QUARTER 2024 RESULTS WARSAW, N.Y., April 25, 2024 – Financial Institutions, Inc. (NASDAQ: FISI) (the "Company," "we" or "us"), parent company of Five Star Bank (the "Bank") and Courier Capital, LLC ("Courier Capital"), today reported financial and operational results for the first quarter ended March 31, 2024. Net income was $2.1 million in the first quarter of 2024, compared to $9.8 million in the fourth quarter of 2023 and $12.1 million in the firs ...

WARSAW, N.Y., March 14, 2024 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (NASDAQ:FISI) (the "Company"), the parent company of Five Star Bank (the "Bank"), SDN Insurance Agency, LLC and Courier Capital, LLC, today announced that Wednesday, June 5, has been established as the date of its 2024 Annual Meeting of Shareholders. The meeting will be held in a virtual format only, via live webcast, beginning at 10:00 am Eastern Time. The record date for voting at the Annual Meeting will be April 10, 2024. Furth ...

- 24 - Table of Contents The value of our goodwill and other intangible assets may decline in the future. - 26 - We may be unable to successfully implement our growth strategies, including the integration and successful management of newly-acquired businesses. Our current growth strategy is multi-faceted. We seek to expand our branch network into nearby areas, continue to invest in our digital banking strategy, develop new sustainable revenue streams through BaaS, make strategic acquisitions of loans, portf ...

Financial institutions’ net income dropped 43.9% in the fourth quarter of 2023.The net income of commercial banks and savings institutions insured by the Federal Deposit Insurance Corp. (FDIC) totaled $38.4 billion in the fourth quarter of 2023, down $30 billion from the previous quarter, the FDIC said in a Thursday (March 7) press release.Their net income for the full year was down 2.3%, or $6 billion, compared to 2022, according to the release.The quarter-to-quarter drop was driven by nonrecurring, nonint ...

Supplemental cash flow information is summarized as follows for the nine months ended September 30, 2023 and 2022 (in thousands): | --- | --- | --- | --- | --- | |--------------------------------------------------------------------------------|-------|--------|-------|--------| | | | | | | | Supplemental information: | | | | | | Cash paid for interest | $ | 95,913 | $ | 15,613 | | Cash paid for income taxes | | 6,298 | | 1,128 | | Noncash investing and financing activities: | | | | | | Real estate and other ...

FINANCIAL INSTITUTIONS, INC. Form 10-Q For the Quarterly Period Ended June 30, 2023 Table of Contents FINANCIAL INSTITUTIONS, INC. AND SUBSIDIARIES Consolidated Statements of Financial Condition (Unaudited) See accompanying notes to the consolidated financial statements. Table of Contents 5 | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |------------------------------------------------------------------------------|--------------------------------|-------|------------- ...

Financial Highlights 7 Expense Management & Operating Leverage 23 Management Team 28 Statements contained in this presentation which are not historical facts and which pertain to future operating results of Financial Institutions, Inc. (the "Company") and its subsidiaries constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Similarly, statements that describe the objectives, plans or goals of the Company are forward-looking. These forward-lookin ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 000-26481 Financial Institutions, Inc. | --- | --- | |----------------------------------------- ...

Financial Institutions, Inc. (NASDAQ:FISI) Q1 2023 Earnings Conference Call April 27, 2023 8:30 AM ET Company Participants Kate Croft - Director of Investor Relations Marty Birmingham - President & Chief Executive Officer Jack Plants - Executive Vice President & Chief Financial Officer Sean Willett - Chief Administrative Officer Conference Call Participants Alex Twerdahl - Piper Sandler Erik Zwick - Hovde Group Matt Rank - KBW Operator Hello, everyone, and welcome to the Financial Institutions, Inc. First Q ...

Table of Contents Risks Related to Non-Banking Activities services industry and market volatility. Table of Contents The value of our goodwill and other intangible assets may decline in the future. Identifiable intangible assets other than goodwill consist of core deposit intangibles and other intangible assets (primarily customer relationships). Adverse events or circumstances could impact the recoverability of these intangible assets including loss of core deposits, significant losses of customer accounts ...