With a legacy of community-focused banking spanning over 200 years, Financial Institutions, Inc. (NASDAQ: FISI)(“the company”) is the holding company for Five Star Bank (“the bank”), a New York-chartered banking subsidiary headquartered in Western New York. FISI operates 49 branches across Western and Central New York, offering comprehensive commercial and retail banking services, with loan production offices in suburban Maryland and Syracuse, NY.
FISI maintains a diversified, commercially focused loan portfolio, with CRE representing 48% of total loans, primarily concentrated within its Upstate New York and Mid-Atlantic footprint. Investor CRE accounts for 45% of total loans, including multifamily (11%) and C&D (14%), while C&I represents 21%, including owner-occupied CRE (8%). Retail loans include residential mortgage (16%) and consumer (17%), primarily comprising prime indirect auto.
Key Credit Considerations
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