FISIFINANCIAL INSTITUTIONS INC
National Commercial Banks
- Revenue
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- Operating margin
- —
- EBITDA
- —
- Market cap
- —
- Employees
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- Net debt / EBITDA
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- $203M net debt
- AI in 10-K
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Red flags 2 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashFired25% of net incomeCash flow under 80% of net income
- Dilutive SBCClear—Over 10% of revenue
- Payouts exceed cash flowFired192% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear1% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Net income | $78M | $57M | $50M | −$42M | $75M | 280% |
| Operating cash flow | $73M | $134M | $11M | $77M | $19M | 76% |
| Capex | $9M | $8M | $3M | $5M | $6M | 12% |
| Stock-based comp | $2M | $3M | $2M | $2M | $3M | 91% |
| Buybacks | $9M | $15M | $571K | $426K | $11M | 2581% |
| Dividends | $17M | $18M | $18M | $19M | $25M | 33% |
Deal filings
None.
13D filers
None on file.
Insider trading
No open-market trades in the last 12 months.
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $2M | $3M | 177 | 160 |
| FY2024 | $1M | $1M | 148 | 146 |
| FY2023 | $1M | $1M | 109 | 123 |
| FY2022 | $1M | $1M | 117 | 123 |
| FY2021 | $1M | $2M | 146 | 139 |