Financial Institutions, Inc. Financial Ratios — FISI Stock

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 (%)	13.81	13.29	13.42	14.31	12.72	13.34	12.95	14.17	15.97	11.55	21.5	13.68	11.18	-10.25	17.77
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 (%)	10.06	8.82	7.98	8.91	7.39	8.31	7.91	8.61	10.65	6.38	16.71	9.31	6.99	-14.66	11.79

Credit (USD)

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	6.77	6.24	6.36	6.59	6.48	6.41	6.27	6.49	7.15	6.62	6.96	7.27	7.33	6.36	6.97
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 (%)	- -	- -	- -	- -	6.86	6.24	5.15	4.86	6.08	17.48	14.63	14.3	19.49	23.78	28.55
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 (%)	36.91	42.27	59.41	57.22	58.42	59.22	63.87	63.11	48.75	18.73	20.56	41.59	42.26	38.72	42.37
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 (%)	20.5	29.29	53.93	51.79	53.5	53.98	58.44	57.72	37.89	-4.57	5.82	23.96	26.9	23.72	28.51
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)

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	6.77	6.24	6.36	6.59	6.48	6.41	6.27	6.49	7.15	6.62	6.96	7.27	7.33	6.36	6.97
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 (%)	- -	- -	- -	- -	6.86	6.24	5.15	4.86	6.08	17.48	14.63	14.3	19.49	23.78	28.55
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 (%)	36.91	42.27	59.41	57.22	58.42	59.22	63.87	63.11	48.75	18.73	20.56	41.59	42.26	38.72	42.37
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	0.2	0.19	0.21	0.21	0.21	0.22	0.2	0.19	0.22	0.18	0.2	0.18	0.17	0.15	0.2

Working Capital (USD)

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)

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	211	255	339	349	394	494	468	409	513	360	504	375	328	427	626
- 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	-354	-473	-14	-19	139	270	346	386	314	-265	-633	-380	-324	-297	869
Total Capital	278	329	502	516	568	626	760	806	646	421	505	751	812	663	789
Total Debt/Capital (%)	36.91	42.27	59.41	57.22	58.42	59.22	63.87	63.11	48.75	18.73	20.56	41.59	42.26	38.72	42.37
Total Debt / EV	-0.29	-0.29	-21.04	-15.88	2.39	1.37	1.4	1.32	1	-0.3	-0.16	-0.82	-1.06	-0.86	0.38
EV/Sales	- -	- -	- -	- -	1.11	1.96	2.35	2.44	1.85	- -	- -	- -	- -	5.36	3.57
EV/EBITDA	- -	- -	- -	- -	25.64	45.39	56.07	59.67	38.22	- -	- -	- -	- -	79.96	110.28
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	- -	- -	- -	3.23	5.79	7.48	5.93	5.44	- -	- -	- -	- -	7.96	46.23
EV/Free Cash Flow to Firm	- -	- -	- -	- -	2.75	4.98	6.41	5.69	5.12	- -	- -	- -	- -	7.47	35.7
Diluted Market Cap	212	256	341	351	396	496	469	410	515	361	507	377	330	427	633
Diluted Enterprise Value	275	352	596	605	685	812	873	833	734	364	549	576	566	614	876
EV per Share	- -	- -	- -	- -	9.88	18.73	23.02	24.29	19.66	- -	- -	- -	- -	39.21	43.25
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)

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	5.95	5.75	8.39	8.65	7.82	9.12	8.68	6.03	8.39	7.57	6.15	2.66	23.77	5.2	26.01
EV/EBIT	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	-354	-473	-14	-19	139	270	346	386	314	-265	-633	-380	-324	-297	869
Low Price	12.18	15.22	17.92	19.72	21.67	24.56	25.65	24.49	25.5	12.78	21.76	22.91	13.84	16.29	20.97
EV/Sales	- -	- -	- -	- -	1.11	1.96	2.35	2.44	1.85	- -	- -	- -	- -	5.36	3.57
EV/EBITDA	- -	- -	- -	- -	25.64	45.39	56.07	59.67	38.22	- -	- -	- -	- -	79.96	110.28
Price/Earnings	10.08	11.61	14.11	12.53	14.67	16.2	14.59	10.74	10.82	9.78	6.61	6.8	6.72	- -	8.53
Price/Earnings Average	10.39	10.83	11.83	11.59	12.85	13.18	14.63	12.98	9.85	8.68	6.26	7.7	5.97	-7.98	7.4
Price/Earnings High	12.72	12.17	15.18	13.46	15.22	16.37	16.61	14.36	11.21	14.21	6.99	9.61	8.15	-10.65	9.04
Price/Earnings Low	7.61	9.49	10.23	9.82	11.35	11.64	12.03	10.24	8.59	5.55	4.52	6.39	4.37	-5.91	5.74
Price/Book Value	1.33	1.48	1.82	1.72	1.8	2.08	1.82	1.46	1.64	1.11	1.31	0.89	0.73	1.1	1.43
Price/Book Value Average	1.37	1.38	1.53	1.59	1.58	1.69	1.82	1.76	1.49	0.98	1.24	1.01	0.65	0.88	1.24
Price/Book Value High	1.68	1.55	1.96	1.85	1.87	2.1	2.07	1.95	1.7	1.61	1.39	1.26	0.88	1.18	1.52
Price/Book Value Low	1.01	1.21	1.32	1.35	1.39	1.49	1.5	1.39	1.3	0.63	0.9	0.84	0.47	0.66	0.96
Price/Tangible Book Value	1.16	1.37	1.81	1.81	1.88	2.17	1.62	1.35	1.48	0.96	1.22	1.19	0.9	0.87	1.14
Price/Tangible Book Value Average	1.19	1.28	1.52	1.67	1.65	1.77	1.62	1.63	1.35	0.85	1.16	1.35	0.8	0.7	0.99
Price/Tangible Book Value High	1.46	1.44	1.95	1.94	1.95	2.2	1.84	1.8	1.53	1.39	1.29	1.68	1.09	0.94	1.2
Price/Tangible Book Value Low	0.87	1.12	1.31	1.42	1.46	1.56	1.33	1.29	1.17	0.54	0.83	1.12	0.58	0.52	0.76
Price/Sales	1.99	2.27	2.94	2.9	3.15	3.57	3.18	2.59	3.02	1.98	2.52	1.76	1.55	3.73	2.57
Price/Sales Average	2.05	2.12	2.46	2.69	2.76	2.91	3.19	3.12	2.75	1.76	2.39	2	1.37	3	2.23
Price/Sales High	2.51	2.38	3.16	3.12	3.27	3.61	3.62	3.46	3.13	2.88	2.67	2.49	1.88	4.01	2.72
Price/Sales Low	1.5	1.85	2.13	2.28	2.44	2.57	2.62	2.46	2.4	1.12	1.73	1.66	1	2.23	1.73
Price/Cash Flow	6.59	6.59	9.13	9.92	9.15	10.57	10.11	6.28	8.88	8.3	6.9	2.81	30.1	5.54	33.32
Price/Cash Flow Average	6.79	6.15	7.65	9.17	8.01	8.6	10.13	7.58	8.09	7.36	6.55	3.18	26.75	4.46	28.91
Price/Cash Flow High	8.31	6.91	9.82	10.66	9.49	10.68	11.51	8.39	9.21	12.06	7.31	3.97	36.53	5.95	35.28
Price/Cash Flow Low	4.97	5.39	6.62	7.78	7.08	7.59	8.34	5.98	7.06	4.71	4.72	2.64	19.56	3.31	22.42
Price/Free Cash Flow Average	6.13	5.37	7.03	8	6.85	7.42	8.71	7.29	7.64	6.72	5.83	3.01	21.12	4.19	22.56
Price/Free Cash Flow High	7.5	6.03	9.03	9.29	8.12	9.22	9.89	8.06	8.7	11.01	6.51	3.75	28.84	5.59	27.54
Price/Free Cash Flow Low	4.49	4.7	6.08	6.78	6.06	6.55	7.16	5.75	6.66	4.3	4.21	2.5	15.44	3.11	17.5
EV/Sales Average	2.65	2.97	4.68	4.8	5.07	5.2	5.93	5.8	4.04	1.77	2.6	2.94	2.49	4.63	3.23
EV/Sales High	3.11	3.23	5.37	5.23	5.58	5.9	6.36	6.13	4.42	2.89	2.88	3.43	2.99	5.64	3.72
EV/Sales Low	2.1	2.71	4.34	4.39	4.75	4.86	5.36	5.14	3.69	1.14	1.94	2.6	2.12	3.86	2.73
EV/EBITDA Average	80.81	87.29	129.23	126.05	116.89	120.56	141.24	141.61	83.51	40.83	64.56	76.89	65.21	69.11	99.75
EV/EBITDA High	94.87	94.95	148.54	137.44	128.61	136.86	151.53	149.73	91.4	66.68	71.45	89.86	78.38	84.14	114.95
EV/EBITDA Low	64.03	79.57	120.05	115.31	109.49	112.65	127.79	125.51	76.27	26.24	48.05	68.01	55.52	57.53	84.27
EV/EBIT Average	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT High	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
EV/EBIT Low	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Last Price	16.14	18.63	24.71	25.15	28	34.2	31.1	25.7	32.1	22.5	31.8	24.36	21.3	27.29	31.17
High Price	20.36	19.52	26.59	27.02	29.04	34.55	35.4	34.35	33.28	32.7	33.65	34.43	25.85	29.34	33
Enterprise Value Average	280	334	540	578	635	718	872	917	686	322	520	624	528	530	786
Enterprise Value High	329	363	621	630	698	815	936	970	751	526	575	729	634	646	906
Enterprise Value Low	222	305	502	528	594	671	789	813	626	207	387	552	449	442	664

Shares Outstanding	14	14	14	14	14	15	16	16	16	16	16	15	15	20	20
Diluted Weighted Avg Shares	13	14	14	14	14	14	15	16	16	16	16	15	15	16	20
Basic Weighted Avg Shares	13	14	14	14	14	14	15	16	16	16	16	15	15	16	20
Revenue per Share	8.1	8.21	8.41	8.66	8.89	9.57	9.79	9.94	10.64	11.36	12.6	13.8	13.78	7.32	12.12
EBITDA per Share	0.27	0.28	0.3	0.33	0.39	0.41	0.41	0.41	0.51	0.49	0.51	0.53	0.53	0.49	0.39
Operating Income per Share	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Basic EPS, GAAP	1.6	1.6	1.75	2.01	1.91	2.11	2.13	2.39	2.97	2.3	4.81	3.58	3.17	-2.75	3.65
Basic EPS from Cont Ops	1.74	1.71	1.86	2.11	2.01	2.21	2.23	2.48	3.06	2.39	4.9	3.68	3.26	-2.66	3.72
Diluted EPS, GAAP	1.59	1.6	1.75	2	1.9	2.1	2.13	2.39	2.96	2.3	4.78	3.56	3.15	-2.75	3.61
Diluted EPS from Cont Ops	1.73	1.71	1.85	2.1	2	2.2	2.22	2.48	3.05	2.39	4.88	3.66	3.24	-2.66	3.68
Dividend per Share	0.58	0.65	0.82	0.86	0.9	0.9	0.93	1.03	1.08	1.12	1.16	1.24	1.28	1.28	1.3
Cash Flow per Share	2.45	2.83	2.71	2.54	3.06	3.23	3.08	4.09	3.61	2.71	4.61	8.68	0.71	4.93	0.94
Free Cash Flow per Basic Share	2.17	2.4	2.46	2.15	2.53	2.71	2.56	3.92	3.39	2.45	4.01	8.14	0.51	4.61	0.66
Cash & Equivalents per Share	52.42	64.55	48.69	48.99	42.93	42.34	41.49	34.47	33.24	45.06	79.39	70.52	65.74	63.79	5.41
Book Value per Share	12.11	12.59	13.56	14.64	15.56	16.48	17.1	17.6	19.63	20.29	24.25	27.4	29.35	24.85	21.76
Tangible Book Value per Share	13.96	13.58	13.65	13.93	14.88	15.73	19.22	19.03	21.71	23.55	26.1	20.47	23.71	31.37	27.43

Financial Institutions, Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)