WARSAW, N.Y. (AP) — WARSAW, N.Y. (AP) — Financial Institutions Inc. (FISI) on Thursday reported a loss of $65.7 million in its fourth quarter.
The bank, based in Warsaw, New York, said it had a loss of $4.02 per share. Earnings, adjusted for non-recurring costs, were 54 cents per share.
The holding company for Five Star Bank posted revenue of $87.1 million in the period. Its revenue net of interest expense was $50.7 million, which fell short of Street forecasts.
For the year, the company reported profit of $24.5 million, or $1.66 per share. Revenue was reported as $217 million.
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