Peer Analysis

Performance Ratios (%) FISI Peer Median Peer Average
ROAA 0.82 0.97 0.93
ROAE 9.28 9.03 9.37
Net Interest Margin 3.20 3.44 3.35
Efficiency Ratio 58.19 59.98 59.98
Loans / Deposits 79.73 95.64 94.92
Asset Quality Ratios (%)
NPAs / Assets 0.22 0.61 0.67
NCOs / Avg Loans 0.32 0.12 0.15
Reserves / Loans 1.31 0.89 0.97
Reserves / NPAs 388.10 112.02 142.81
Capital Ratios (%)
Tier 1 Capital 10.69 11.65 11.98
Tangible Equity / Tangible Assets 7.37 8.32 8.43
Total Equity / Total Assets 9.10 9.90 10.35
Market Ratios
Price / Earnings (x) 16.14 18.50 18.48
Price / Book (%) 145.43 163.68 165.00
Dividend Yield (%) 2.59 2.24 2.19
Data for trailing four quarters

Financial Institutions, Inc.'s peer group consists of the following: Arrow Financial Corporation (AROW), Berkshire Hills Bancorp, Inc. (BHLB), Brookline Bancorp, Inc. (BRKL), Camden National Corporation (CAC), Canandaigua National Corporation (CNND), Century Bancorp, Inc. (CNBKA), Chemung Financial Corporation (CHMG), CNB Financial Corporation (CCNE), Community Bank System, Inc. (CBU), Enterprise Bancorp, Inc. (EBTC), First Commonwealth Financial Corporation (FCF), First Connecticut Bancorp, Inc. (FBNK), Lakeland Bancorp, Inc. (LBAI), Meridian Bancorp, Inc. (EBSB), Metro Bancorp, Inc. (METR), NBT Bancorp Inc. (NBTB), Peoples Bancorp Inc. (PEBO), S&T Bancorp, Inc. (STBA), Tompkins Financial Corporation (TMP), United Financial Bancorp, Inc. (UBNK), Washington Trust Bancorp, Inc. (WASH)

Financial Institutions, Inc.'s financial data is as of 9/30/2017.

Peer financial data is as of 9/30/2017 except for these companies:

Metro Bancorp, Inc.'s financial data is as of 12/31/2015.