Financial Institutions, Inc. 8.48% SRB1 PFD B Financial Ratios — FIISO

Profitability (USD)

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	11.07	9.64	10.16	11.16	9.98	10.52	9.62	10.25	11.84	8.45	16.24	12.58	11.82	-8.72	12.62
Return on Assets (%)	1	0.92	0.9	0.98	0.88	0.9	0.86	0.94	1.12	0.82	1.49	1	0.84	-0.68	1.21
Return on Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	100	100	100	100	100	100	100	100	100	100	100	100	100	100	100
EBITDA Margin (%)	3.28	3.4	3.62	3.81	4.34	4.31	4.2	4.1	4.83	4.34	4.03	3.82	3.81	6.7	3.24
Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Incremental Operating Margin (%)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	32.34	30.91	32.8	32.39	31.06	31.95	29.52	31.32	34.97	25.11	48.72	33.42	29.72	-59.5	37.51
Profit Margin (%)	21.55	20.84	22.09	24.39	22.64	23.11	22.77	24.99	28.75	21.05	38.94	26.64	23.69	-36.36	30.74
Net Income to Common Margin (%)	19.78	19.53	20.82	23.18	21.48	22.06	21.78	24.07	27.89	20.25	38.2	25.95	23	-37.64	30.14
Effective Tax Rate (%)	33.36	32.56	32.65	24.69	27.11	27.66	22.88	20.2	17.77	16.16	20.08	20.29	20.28	- -	18.05
Dvd Payout Ratio (%)	27.18	33.64	40.53	37.72	41.89	37.69	38.97	39.27	33.33	44.74	22.29	31.92	37.47	-42.95	33.67
Sustainable Growth Rate (%)	8.06	6.39	6.04	6.95	5.8	6.56	5.87	6.22	7.89	4.67	12.62	8.56	7.39	-12.46	8.37

Credit (USD)

Credit Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	103	139	298	295	332	371	485	509	315	79	104	312	343	257	334
ST Debt	103	139	298	295	293	332	446	470	276	5	30	205	185	99	109
LT Debt	- -	- -	- -	- -	39	39	39	39	39	74	74	107	158	158	225
Total Debt/EBITDA	29.66	36.31	71.27	64.43	61.17	62.2	78.57	78.54	38.33	10	12.91	38.52	42.43	33.43	42.4
Net Debt/EBITDA	13.07	20.55	57.02	51.75	50.1	50.23	62.51	62.68	24.57	-1.89	3.08	18.34	22.88	17.79	24.6
Total Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Net Debt/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Interest Expense	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.4	8.55	8.11	8.49	8.18	8.16	8.86	8.79	9.62	9.18	8.84	6.7	7.1	9.02	9.75
Long-Term Debt/Equity (%)	- -	- -	- -	- -	13.27	12.2	10.27	9.89	8.95	15.72	14.63	26.49	34.81	27.7	35.82
Long-Term Debt/Capital (%)	- -	- -	- -	- -	6.23	5.66	4.52	4.33	5.21	13.45	12.14	14.96	19.84	19.09	23.39
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	1.15	1.05	0.95	0.91	0.9	1.5	1.34	1.85	2.57	2.58	3.59
Total Debt/Equity (%)	43.34	54.75	116.94	105.64	113.02	115.78	127.32	128.37	71.71	16.85	20.57	77.03	75.49	45.1	53.15
Total Debt/Capital (%)	30.24	35.38	53.9	51.37	53.06	53.66	56.01	56.21	41.76	14.42	17.06	43.51	43.02	31.08	34.7
Total Debt/Total Assets (%)	4.4	5.03	10.18	9.56	9.82	9.99	11.82	11.8	7.18	1.61	1.88	5.39	5.57	4.19	5.33
Net Debt to Equity	19.1	30.98	93.55	84.84	92.56	93.51	101.3	102.44	45.98	-3.19	4.91	36.68	40.7	23.99	30.83
Net Debt/Capital (%)	16.04	23.65	48.33	45.9	48.07	48.32	50.32	50.6	31.5	-3.3	4.68	25.32	27.47	18.49	22.7
EBITDA	3	4	4	5	5	6	6	6	8	8	8	8	8	8	8
EBITDA-CapEx	- -	-2	1	-1	-2	-2	-2	4	5	4	-1	- -	5	3	2
Operating Income (Loss)	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Liquidity (USD)

Liquidity Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Current Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Quick Ratio	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
CFO/Avg Current Liab	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Common Equity/Total Assets	9.4	8.55	8.11	8.49	8.18	8.16	8.86	8.79	9.62	9.18	8.84	6.7	7.1	9.02	9.75
Long-Term Debt/Equity (%)	- -	- -	- -	- -	13.27	12.2	10.27	9.89	8.95	15.72	14.63	26.49	34.81	27.7	35.82
Long-Term Debt/Capital (%)	- -	- -	- -	- -	6.23	5.66	4.52	4.33	5.21	13.45	12.14	14.96	19.84	19.09	23.39
Long-Term Debt/Total Assets (%)	- -	- -	- -	- -	1.15	1.05	0.95	0.91	0.9	1.5	1.34	1.85	2.57	2.58	3.59
Total Debt/Equity (%)	43.34	54.75	116.94	105.64	113.02	115.78	127.32	128.37	71.71	16.85	20.57	77.03	75.49	45.1	53.15
Total Debt/Capital (%)	30.24	35.38	53.9	51.37	53.06	53.66	56.01	56.21	41.76	14.42	17.06	43.51	43.02	31.08	34.7
Total Debt/Total Assets (%)	4.4	5.03	10.18	9.56	9.82	9.99	11.82	11.8	7.18	1.61	1.88	5.39	5.57	4.19	5.33
CFO/Total Liabilities	1.53	1.54	1.39	1.25	1.4	1.38	1.24	1.66	1.46	0.98	1.45	2.48	0.19	1.39	0.33
CFO/CapEx	8.71	6.63	10.91	6.61	5.75	6.13	5.98	22.92	15.86	10.19	7.76	15.96	3.64	15.51	3.39
Altman's Z-Score	0.14	0.15	0.13	0.14	0.14	0.4	0.4	0.39	0.51	0.41	0.41	0.37	0.31	0.41	0.39

Working Capital (USD)

Working Capital Ratios API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	21.92	9.68	4.75	9.97
Days Sales Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	16.65	37.72	76.85	36.61
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Conversion Cycle	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventory to Cash Days	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

Enterprise Value API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	69	- -	42	43	1,541	1,686	1,687	2,400	2,085	2,283	2,056	1,631	2,811	2,401
- Cash & Cash Equivalents	57	60	60	58	60	71	99	103	113	94	79	130	124	87	109
+ Preferred Equity and Hybrid Capital	17	17	17	17	17	17	17	17	17	17	17	17	17	17	17
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	103	139	298	295	332	371	485	509	315	79	104	312	343	257	334
Enterprise Value	-565	-659	-354	-326	-213	1,318	1,565	1,664	2,202	1,460	1,147	1,300	980	2,086	2,644
Total Capital	340	393	553	575	626	691	867	905	754	547	609	718	798	826	963
Total Debt/Capital (%)	30.24	35.38	53.9	51.37	53.06	53.66	56.01	56.21	41.76	14.42	17.06	43.51	43.02	31.08	34.7
Total Debt / EV	-0.18	-0.21	-0.84	-0.91	-1.56	0.28	0.31	0.31	0.14	0.05	0.09	0.24	0.35	0.12	0.13
EV/Sales	- -	- -	- -	- -	- -	9.54	10.63	10.52	12.96	8.02	5.75	6.12	4.62	18.22	10.86
EV/EBITDA	- -	- -	- -	- -	- -	221.16	253.3	256.93	268.07	184.94	142.46	160.31	121.09	271.82	335.45
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	- -	28.22	33.81	25.55	38.15	33.59	15.72	9.74	89.94	27.05	140.62
EV/Free Cash Flow to Firm	- -	- -	- -	- -	- -	24.26	28.96	24.48	35.89	30.59	13.92	9.16	70.56	25.41	108.58
Diluted Market Cap	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted Enterprise Value	63	96	256	254	289	317	403	423	219	2	42	199	236	187	243
EV per Share	- -	- -	- -	- -	- -	90.64	98.25	104.47	137.58	91	72.83	84.78	63.59	103.91	133.55
TTM Sales	106	112	116	120	125	138	147	158	170	182	200	212	212	115	244
TTM EBITDA	3	4	4	5	5	6	6	6	8	8	8	8	8	8	8
TTM Operating Income	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
TTM Cash Flow to Firm	32	39	37	35	43	47	46	65	58	43	73	134	11	77	19
TTM Free Cash Flow to Firm	36	45	41	41	51	54	54	68	61	48	82	142	14	82	24

Multiples (USD)

Valuation Multiples API ChatGPT

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2011	12/31/2012	12/31/2013	12/31/2014	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-565	-659	-354	-326	-213	1,318	1,565	1,664	2,202	1,460	1,147	1,300	980	2,086	2,644
Low Price	- -	5	- -	3	3	3	105.88	105.88	105.88	129.88	130	120	105.88	105.88	106.88
EV/Sales	- -	- -	- -	- -	- -	9.54	10.63	10.52	12.96	8.02	5.75	6.12	4.62	18.22	10.86
EV/EBITDA	- -	- -	- -	- -	- -	221.16	253.3	256.93	268.07	184.94	142.46	160.31	121.09	271.82	335.45
Price/Earnings	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Earnings Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Book Value	- -	0.29	- -	0.16	0.15	5.09	4.63	4.45	5.69	4.62	4.68	5.29	3.73	5.09	3.93
Price/Book Value Average	- -	0.29	- -	0.16	0.15	2.16	4.64	4.45	4.76	4.93	5.5	5.6	3.92	4.18	4.24
Price/Book Value High	- -	0.29	- -	0.16	0.15	5.52	4.65	4.45	5.69	7.54	8.07	5.97	4.05	5.28	4.69
Price/Book Value Low	- -	0.29	- -	0.16	0.15	0.14	4.63	4.45	4.02	4.62	4.2	4.74	3.73	3.85	3.46
Price/Tangible Book Value	- -	0.37	- -	0.22	0.2	6.79	5.83	5.57	6.92	5.53	5.52	6.53	4.47	5.73	4.36
Price/Tangible Book Value Average	- -	0.37	- -	0.22	0.2	2.88	5.83	5.57	5.79	5.89	6.49	6.91	4.69	4.7	4.71
Price/Tangible Book Value High	- -	0.37	- -	0.22	0.2	7.36	5.85	5.57	6.92	9.02	9.52	7.36	4.85	5.93	5.21
Price/Tangible Book Value Low	- -	0.37	- -	0.22	0.2	0.19	5.83	5.57	4.89	5.52	4.95	5.85	4.47	4.33	3.84
Price/Sales	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Sales Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Price/Free Cash Flow Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Sales Average	0.59	1.47	2.21	2.47	2.65	7.02	14.2	13.34	13.11	12.22	13.67	11.18	9.19	21.78	11.65
EV/Sales High	0.59	1.47	2.21	2.47	2.65	14.39	14.23	13.34	15.41	18.69	19.94	11.85	9.46	27.05	12.78
EV/Sales Low	0.59	1.47	2.21	2.47	2.65	2.61	14.19	13.34	11.26	11.46	10.47	9.61	8.8	20.19	9.69
EV/EBITDA Average	18.11	43.12	61.17	64.78	61.13	162.82	338.44	325.74	271.2	281.85	338.82	292.72	240.93	325.05	360.04
EV/EBITDA High	18.11	43.12	61.17	64.8	61.13	333.74	339.29	325.74	318.96	431.17	494.28	310.19	248.18	403.61	395
EV/EBITDA Low	18.11	43.12	61.17	64.77	61.13	60.46	338.29	325.74	232.99	264.27	259.54	251.49	230.81	301.27	299.25
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	- -	5	- -	3	3	106	105.88	105.88	150	130	145	134	105.88	140	121.29
High Price	- -	5	- -	3.01	3	115	106.27	105.88	150	212	250	151.04	115	145	145
Enterprise Value Average	63	165	256	297	332	970	2,091	2,110	2,227	2,225	2,727	2,375	1,949	2,495	2,838
Enterprise Value High	63	165	256	297	332	1,988	2,096	2,110	2,620	3,403	3,978	2,516	2,008	3,098	3,113
Enterprise Value Low	63	165	256	297	332	360	2,090	2,110	1,914	2,086	2,089	2,040	1,868	2,312	2,359

Shares Outstanding	14	14	14	14	14	15	16	16	16	16	16	15	15	20	20
Diluted Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic Weighted Avg Shares	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Revenue per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EBITDA per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS, GAAP	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Diluted EPS from Cont Ops	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Dividend per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Free Cash Flow per Basic Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash & Equivalents per Share	49.63	64.13	48.38	48.21	42.6	42.04	39.19	34.43	33.17	45	79.87	70.72	65.69	49.73	5.49
Book Value per Share	15.92	17.15	17.17	18.57	19.49	20.82	22.85	23.79	26.35	28.12	30.98	25.31	28.4	27.48	30.89
Tangible Book Value per Share	13.21	13.49	13.56	13.71	14.77	15.62	18.16	19.01	21.66	23.52	26.26	20.53	23.69	24.45	27.84

Financial Institutions, Inc. 8.48% SRB1 PFD B

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)