Financial Institutions (Financial Institutions) Credit Losses Provision : $13.7 Mil (As of Dec. 2023)

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What is Financial Institutions Credit Losses Provision?

Financial Institutions's credit losses provision for the three months ended in Dec. 2023 was $5.3 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $13.7 Mil.

Financial Institutions's quarterly credit losses provision declined from Jun. 2023 ($3.2 Mil) to Sep. 2023 ($1.0 Mil) but then increased from Sep. 2023 ($1.0 Mil) to Dec. 2023 ($5.3 Mil).

Financial Institutions's annual credit losses provision increased from Dec. 2021 ($-8.3 Mil) to Dec. 2022 ($13.3 Mil) and increased from Dec. 2022 ($13.3 Mil) to Dec. 2023 ($13.7 Mil).

Financial Institutions Credit Losses Provision Historical Data

The historical data trend for Financial Institutions's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Financial Institutions Credit Losses Provision Chart

Financial Institutions Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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8.04

27.18

-8.34

13.31

13.68

Financial Institutions Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															6.12	4.21	3.23	0.97	5.27

Financial Institutions Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $13.7 Mil.

Financial Institutions (Financial Institutions) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Financial Institutions Inc (NAS:FISI) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

FIISO.PFD:USA

Address

220 Liberty Street, Warsaw, NY, USA, 14569

Website

http://www.fiiwarsaw.com

Financial Institutions Inc operates as a financial holding company, engages in the provision of a wide range of consumer and commercial banking services to individuals, municipalities, and businesses in Western and Central New York. It operates through the following segments: The Banking segment which includes all of the company's retail and commercial banking operations and All Other includes the activities of SDN, a full-service insurance agency that provides a broad range of insurance services to both personal and business clients.

Executives

Donald Boswell	director	WESTERN NY PUBLIC BROADCASTING ASSOC, HORIZONS PLAZA 140 LOWER TERRACE, BUFFALO NY 14202
Susan R Holliday	director	220 LIBERTY ST, WARSAW NY 14569
Samuel M Gullo	director	220 LIBERTY ST, WARSAW NY 14569
Robert N Latella	director	220 LIBERTY, WARSAW NY 14569
Robert M Glaser	director	220 LIBERTY STREET, WARSAW NY 14569
Dorn Andrew W Jr	director	2421 MAIN STREET, BUFFALO NY 14214
Plants William Jack Ii	officer: Chief Financial Officer	220 LIBERTY STREET, WARSAW NY 14569
Burruano Samuel J Jr	officer: Senior Vice President	220 LIBERTY STREET, WARSAW NY 14569
Martin Kearney Birmingham	officer: Senior Vice President	220 LIBERTY STREET, WARSAW NY 14569
Gary A. Pacos	officer: Chief Risk Officer	220 LIBERTY STREET, WARSAW NY 14569
Bruce W Harting	director	1185 PARK AVENUE, 6D, NEW YORK NY 10128
Laurie R Collins	officer: Senior Vice President	220 LIBERTY STREET, WARSAW NY 14569
Mark Zupan	director	1041 PITTSFORD VICTOR ROAD, PITTSFORD NY 14534
Mauricio F Riveros	director	220 LIBERTY STREET, WARSAW NY 14569
Kevin B Quinn	officer: Senior Vice President	220 LIBERTY STREET, WARSAW NY 14569