Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.
Financial InstitutionsFISI +0.48%47 Pretax Margin % is 39.77% as of Mar. 2026, which is 26% above its 10-year median of 31.64. GuruFocus rates FISI with a GF Score™ of 47/100 and a GF Value™ of $22.93 (Significantly Overvalued). The stock has 6 warning signs investors should review. Among 1,526 Banks companies, Financial Institutions ranks better than 59.96% on this metric.
The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.
The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.
It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.
The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.
Financial Institutions Pretax Margin % Related Terms
Financial Institutions Pretax Margin % Historical Data
* Premium members only.
The historical data trend for Financial Institutions's Pretax Margin % 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.
FISI vs SHBI, HBIA, HTB: Pretax Margin % Comparison
For the Banks - Regional subindustry, Financial Institutions's Pretax Margin %, along with its competitors' market caps and Pretax Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Financial Institutions Pretax Margin % vs Banks Industry
For the Banks industry and Financial Services sector, Financial Institutions's Pretax Margin % distribution charts can be found below:
* The bar in red indicates where Financial Institutions's Pretax Margin % falls into.
* 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.
Financial Institutions (FISI) has a Pretax Margin % of 39.77% as of Mar. 2026. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Financial Institutions and its competitors. This is 26% above median its historical median of 31.64. According to the industry distribution chart, Financial Institutions ranks #611 out of 1526 companies in the Banks industry, placing it in the top 40%.
Is Financial Institutions' Pretax Margin % too high?
Financial Institutions' current Pretax Margin % of 39.77% is 26% above median its 10-year median of 31.64. The Banks industry median Pretax Margin % is 35.36. Financial Institutions' value of 39.77% is 12.5% above this industry median. Based on the distribution chart, Financial Institutions ranks #611 out of 1526 companies in the Banks industry, which is above the industry midpoint. Overall, Financial Institutions has a GF Score™ of 47/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Financial Institutions' Pretax Margin % compare to SHBI and HBIA?
According to the Banks industry distribution chart, Financial Institutions ranks #611 out of 1526 companies for Pretax Margin %. This puts Financial Institutions in the upper half of its industry. The industry median Pretax Margin % is 35.36. Financial Institutions' value of 39.77% is 12.5% above this benchmark. While the company's 10-year median is 31.64 vs. the industry median of 35.36, Financial Institutions has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Pretax Margin % for a Banks company?
The median Pretax Margin % among Banks companies is 35.36, based on 1,526 companies in the industry. Companies in the top quartile (top 25%) have a Pretax Margin % significantly above this median, while those in the bottom quartile fall well below. However, Pretax Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Financial Institutions's current Pretax Margin % of 39.77% is 12.5% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Pretax Margin % mean?
A high Pretax Margin % can signal that a stock is expensive relative to its fundamentals. Pre-Tax margin is the ratio of total pre-tax income to net sales. View historical data on Financial Institutions and its competitors. For the Banks industry, the median Pretax Margin % is 35.36 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Financial Institutions's current Pretax Margin % is 39.77%, which is 26% above median its own 10-year median of 31.64. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Financial Institutions stock overvalued right now?
Based on GuruFocus' analysis, Financial Institutions (FISI) is currently considered Significantly Overvalued. The stock's GF Value™ is $22.93, compared to a current price of $41.46 — trading 80.8% above its estimated fair value. The current Pretax Margin % is 39.77%, which is 26% above median its 10-year median of 31.64 and 12.5% above the Banks industry median of 35.36. Financial Institutions' overall GF Score™ is 47/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Pretax Margin % calculated?
Pretax Margin % is calculated from a company's financial statements. For Financial Institutions (FISI), the current Pretax Margin % is 39.77% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Financial Institutions (FISI) Overvalued in 2026?
Based on GuruFocus' analysis, Financial Institutions stock appears to be overvalued.
The current stock price of $41.46 is trading 80.8% above its estimated GF Value™ of $22.93.
GuruFocus considers Financial Institutions to be Significantly Overvalued.
Key valuation signals for FISI:
Pretax Margin %: 39.77% (26% above median its 10-year median of 31.64)
GF Value™: $22.93 vs. price of $41.46 (80.8% above fair value)
Industry Position: 12.5% above the Banks median (#611 of 1526)
No single metric tells the full story. See the FISI stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Financial Institutions Inc operates through its subsidiaries, providing full range of banking services to consumer, commercial and municipal customers in Western and Central New York, and commercial loans in the Mid-Atlantic region, through a loan production office in Ellicott City, Maryland. It offers a broad range of loans including commercial business and revolving lines of credit, commercial mortgages, equipment loans, residential mortgage loans and home equity loans and lines of credit, automobile loans and personal loans. It operates in single segment of Banking.
47GF Score
Get the complete analysis for FISI
Pretax Margin % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.
Quick Browse
Personalize
Premium Gurus 
Create New Portfolio
FISI has been successfully added to your 
