Financial Institutions, Inc. Announces New Share Repurchase Program

Core Viewpoint - Financial Institutions, Inc. has announced a new share repurchase program for up to 1,006,379 shares, representing approximately 5% of its outstanding common shares, reflecting the Board's confidence in the company's financial performance and strategic priorities [1][2]. Summary by Sections Share Repurchase Program - The new share repurchase program replaces the previous one authorized in June 2022 and is effective from September 18, 2025 [1]. - The program allows for repurchases in open market transactions or private transactions, with no expiration date [2]. Management's Perspective - The CEO emphasized that the decision to authorize a larger repurchase program demonstrates confidence in the company's ability to deliver consistent financial results and long-term value to shareholders [2]. - The program is designed to provide flexibility in returning capital to investors while continuing to invest in growth across various business lines [2]. Repurchase Conditions - Repurchases will be made at management's discretion based on factors such as stock price, market conditions, and the company's financial performance [3][4]. - The program does not obligate the company to repurchase any shares and can be modified or discontinued by the Board at any time [4]. Company Overview - Financial Institutions, Inc. is a financial holding company with approximately $6.1 billion in assets as of June 30, 2025, offering banking and wealth management services [5]. - Its subsidiary, Five Star Bank, provides consumer and commercial banking services across Western and Central New York, while Courier Capital, LLC offers investment management and financial planning services [5].