Financial Institutions, Inc. (FISI) Balance Sheet
FISI balance sheet, 2025
December 31, 2025 · U.S. dollars$6.27B assets = $5.65B liabilities + $628.9M equity
Both columns are drawn to the same scale: what FISI owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FISI financial health
Descriptive bands, not a rating. Fiscal 2025.
FISI balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $3.71B2016 | $6.27B2025 | +6.0%/yr | |
| Total liabilities | $3.39B2016 | $5.65B2025 | +5.8%/yr | |
| Shareholders’ equity | $320.1M2016 | $628.9M2025 | +7.8%/yr | |
| Cash & short-term investments | $611.2M2016 | $108.8M2025 | −17.5%/yr | |
| Total debt | $370.6M2016 | $334.2M2025 | −1.1%/yr | |
| Net cash (debt) | $240.6M2016 | −$225.5M2025 | −$466.1M | |
| Working capital | $2.18B2016 | −$5.20B2025 | −$7.4B | |
| Book value per share | $22.092016 | $30.952025 | +3.8%/yr | |
| Debt / equity | 1.162016 | 0.532025 | −0.63 | |
| Shares outstanding | 14.5M2016 | 20.3M2025 | +3.8%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FISI assets
FISI liabilities and equity
FISI debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FISI balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $108.8M | $87.3M | $1.01B | $1.08B | $1.26B | $721.9M | $530.9M | $548.4M | $624.2M | $611.2M |
| Cash & equivalents | $108.8M | $87.3M | $124.4M | $130.5M | $79.1M | $93.9M | $112.9M | $102.8M | $99.2M | $71.3M |
| Short-term investments | $922.5M | $8,000 | $887.7M | $954.4M | $1.18B | $628.1M | $417.9M | $445.7M | $525.0M | $539.9M |
| Receivables | $25.1M | $23.7M | $24.5M | $19.4M | $57.0M | $34.4M | $0 | $0 | $0 | $0 |
| Inventory | $0 | $0 | $100.0M | −$151.4M | −$97.2M | −$146.8M | $468,000 | $230,000 | $148,000 | $107,000 |
| Other current assets | $0 | $0 | $0 | $151.4M | $97.2M | $112.5M | $0 | $2.75B | $2.32B | $1.90B |
| Total current assets | $133.9M | $111.1M | $1.04B | $1.10B | $1.31B | $721.9M | $530.9M | $3.30B | $2.94B | $2.51B |
| Property, plant & equipment (net) | $69.0M | $70.2M | $71.4M | $73.1M | $62.2M | $40.6M | $41.4M | $42.8M | $45.2M | $42.4M |
| Goodwill & intangible assets | $60.3M | $60.8M | $72.5M | $73.4M | $74.4M | $73.8M | $74.9M | $76.2M | $74.7M | $75.6M |
| Long-term investments | $1.07B | $1.10B | $1.10B | $4.96B | $4.82B | $900.0M | $3.97B | $3.50B | $516.5M | $543.3M |
| Other non-current assets | $4.94B | $4.78B | $3.88B | $0 | $0 | $2.71B | $0 | $0 | $525.0M | $539.9M |
| Total assets | $6.27B | $6.12B | $6.16B | $5.80B | $5.00B | $4.45B | $3.93B | $4.31B | $4.11B | $3.71B |
| Liabilities | ||||||||||
| Accounts payable | $21.4M | $25.9M | $19.4M | $6.0M | $4.83B | $4.28B | $3.56B | $3.37B | $3.21B | $3.00B |
| Short-term debt | $109.0M | $99.0M | $185.0M | $205.0M | $538,000 | $5.3M | $275.5M | $469.5M | $446.2M | $331.5M |
| Deferred revenue | — | — | −$19.4M | $199.0M | — | — | — | — | — | — |
| Total current liabilities | $5.34B | $5.23B | $5.42B | $5.14B | $538,000 | $5.3M | $275.5M | $469.5M | $446.2M | $331.5M |
| Long-term debt | $193.7M | $124.8M | $124.5M | $74.2M | $73.9M | $73.6M | $39.3M | $39.2M | $39.1M | $39.1M |
| Lease obligations | $31.6M | $32.8M | $33.8M | $33.2M | — | — | — | — | — | — |
| Other long-term liabilities | $114.8M | $193.7M | $164.2M | $177.0M | $0 | $0 | $0 | $0 | $0 | $0 |
| Total liabilities | $5.65B | $5.55B | $5.71B | $5.39B | $5.02B | $4.44B | $3.95B | $3.92B | $3.72B | $3.39B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $207,000 | $207,000 | $161,000 | $161,000 | $161,000 | $161,000 | $161,000 | $161,000 | $161,000 | $147,000 |
| Retained earnings (deficit) | $437.1M | $388.7M | $451.7M | $421.3M | $384.0M | $324.9M | $313.4M | $279.9M | $257.1M | $237.7M |
| Treasury stock | — | — | — | −$22.3M | −$9.2M | −$1.2M | −$2.0M | −$2.5M | −$2.5M | −$2.9M |
| Accumulated other comprehensive income | −$33.0M | −$52.6M | −$119.9M | −$137.5M | −$13.2M | $2.1M | −$14.5M | −$21.3M | −$11.9M | −$14.0M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $628.9M | $569.0M | $454.8M | $405.6M | −$13.6M | $2.1M | −$14.5M | $396.3M | $381.2M | $320.1M |
| Key figures | ||||||||||
| Total debt | $334.2M | $256.6M | $343.3M | $312.5M | $74.4M | $78.9M | $314.8M | $508.7M | $485.3M | $370.6M |
| Net cash (debt) | −$225.5M | −$169.3M | $668.9M | $772.4M | $1.18B | $643.0M | $216.1M | $39.7M | $138.8M | $240.6M |
| Working capital | −$5.20B | −$5.12B | −$4.38B | −$4.04B | $1.31B | $716.6M | $255.4M | $2.83B | $2.50B | $2.18B |
| Tangible book value | $568.5M | $508.2M | $382.3M | $332.2M | −$88.0M | −$71.7M | −$89.4M | $320.1M | $306.5M | $244.4M |
| Book value per share | $30.95 | $36.28 | $29.39 | $26.22 | −$0.85 | $0.13 | −$0.91 | $24.84 | $25.27 | $22.09 |
| Shares outstanding | 20.3M | 15.7M | 15.5M | 15.5M | 15.9M | 16.1M | 16.0M | 16.0M | 15.1M | 14.5M |
| Current ratio | 0.03 | 0.02 | 0.19 | 0.21 | 2,443.56 | 136.21 | 1.93 | 7.03 | 6.60 | 7.57 |
| Quick ratio | 0.03 | 0.02 | 0.19 | 0.21 | 2,443.56 | 142.70 | 1.93 | 1.17 | 1.40 | 1.84 |
| Debt / equity | 0.53 | 0.45 | 0.75 | 0.77 | — | 37.09 | — | 1.28 | 1.27 | 1.16 |
| Equity / assets | 10.0% | 9.3% | 7.4% | 7.0% | −0.3% | 0.0% | −0.4% | 9.2% | 9.3% | 8.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $59.6M | $185.2M | $108.8M | $185.9M | $93.0M | $167.4M | $87.3M | $1.14B | $1.02B | $1.16B | $1.01B | $1.05B |
| Cash & equivalents | $59.6M | $85.5M | $108.8M | $185.9M | $93.0M | $167.4M | $87.3M | $249.6M | $146.3M | $237.0M | $124.4M | $192.1M |
| Short-term investments | $1.07B | $99.8M | $922.5M | $923.6M | $916.1M | $3,000 | $8,000 | $886.8M | $871.6M | $923.8M | $887.7M | $854.2M |
| Receivables | $25.5M | $25.5M | $25.1M | $25.7M | $24.9M | $24.8M | $23.7M | $23.7M | $24.5M | $24.9M | $24.5M | $23.5M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$170.8M | −$262.0M | −$1.27B | −$303.9M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $170.8M | $262.0M | $1.27B | $303.9M |
| Total current assets | $85.0M | $210.7M | $133.9M | $211.7M | $118.0M | $192.1M | $111.1M | $1.16B | $1.04B | $1.19B | $1.04B | $1.07B |
| Property, plant & equipment (net) | $67.4M | $67.9M | $69.0M | $68.9M | $69.5M | $69.6M | $70.2M | $71.6M | $70.8M | $71.2M | $71.4M | $71.8M |
| Goodwill & intangible assets | $60.1M | $60.2M | $60.3M | $60.4M | $60.5M | $60.7M | $60.8M | $60.9M | $61.0M | $72.3M | $72.5M | $72.7M |
| Long-term investments | $1.05B | $1.14B | $1.07B | $1.07B | $1.07B | $1.11B | $1.10B | $1.08B | $1.08B | $1.13B | $1.10B | $1.01B |
| Other non-current assets | $5.08B | $4.81B | $4.94B | $4.87B | $4.82B | $4.91B | $4.78B | $3.78B | $3.88B | $3.84B | $3.88B | $3.92B |
| Total assets | $6.34B | $6.29B | $6.27B | $6.29B | $6.14B | $6.34B | $6.12B | $6.16B | $6.13B | $6.30B | $6.16B | $6.14B |
| Liabilities | ||||||||||||
| Accounts payable | $19.0M | $20.4M | $21.4M | $19.8M | $23.7M | $27.9M | $25.9M | $27.5M | $27.4M | $27.2M | $19.4M | $18.1M |
| Short-term debt | $182.0M | $114.0M | $109.0M | $55.0M | $101.0M | $55.0M | $99.0M | $55.0M | $202.0M | $133.0M | $185.0M | $70.0M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$27.4M | −$27.2M | −$19.4M | −$18.1M |
| Total current liabilities | $182.0M | $5.47B | $5.34B | $5.43B | $5.28B | $5.46B | $5.23B | $5.39B | $5.36B | $5.56B | $5.42B | $5.40B |
| Long-term debt | $78.7M | $78.6M | $193.7M | $115.0M | $115.0M | $124.9M | $124.8M | $124.8M | $124.7M | $124.6M | $124.5M | $124.5M |
| Lease obligations | $31.9M | $32.0M | $31.6M | $32.1M | $32.2M | $32.6M | $32.8M | $33.2M | $33.6M | $33.7M | $33.8M | $34.1M |
| Other long-term liabilities | $5.43B | $112.2M | $114.8M | $118.8M | $146.4M | $169.8M | $193.7M | $142.2M | $176.7M | $171.3M | $164.2M | $202.9M |
| Total liabilities | $5.69B | $5.66B | $5.65B | $5.67B | $5.54B | $5.75B | $5.55B | $5.66B | $5.66B | $5.85B | $5.71B | $5.73B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $207,000 | $207,000 | $207,000 | $207,000 | $207,000 | $207,000 | $207,000 | $161,000 | $161,000 | $161,000 | $161,000 | $161,000 |
| Retained earnings (deficit) | $466.0M | $451.5M | $437.1M | $423.8M | $409.9M | $399.0M | $388.7M | $477.9M | $469.4M | $448.8M | $451.7M | $446.9M |
| Accumulated other comprehensive income | −$43.3M | −$39.3M | −$33.0M | −$36.8M | −$42.2M | −$42.0M | −$52.6M | −$102.0M | −$125.8M | −$126.3M | −$119.9M | −$161.4M |
| Total shareholders' equity | $643.4M | $631.7M | $628.9M | $621.7M | $601.7M | $589.9M | $569.0M | $500.3M | $467.7M | $445.7M | $454.8M | $408.7M |
| Key figures | ||||||||||||
| Total debt | $291.0M | $224.6M | $334.2M | $202.1M | $248.2M | $212.5M | $256.6M | $213.0M | $360.3M | $291.3M | $343.3M | $228.6M |
| Net cash (debt) | −$231.4M | −$39.4M | −$225.5M | −$16.2M | −$155.1M | −$45.2M | −$169.3M | $923.4M | $657.7M | $869.5M | $668.9M | $817.7M |
| Working capital | −$97.0M | −$5.26B | −$5.20B | −$5.22B | −$5.16B | −$5.26B | −$5.12B | −$4.23B | −$4.32B | −$4.37B | −$4.38B | −$4.33B |
| Tangible book value | $583.3M | $571.4M | $568.5M | $561.3M | $541.1M | $529.3M | $508.2M | $439.5M | $406.7M | $373.4M | $382.3M | $336.0M |
| Book value per share | $32.30 | $31.71 | $30.95 | $30.57 | $29.66 | $29.08 | $34.66 | $32.00 | $30.06 | $28.68 | $29.32 | $26.43 |
| Shares outstanding | 19.9M | 19.9M | 20.3M | 20.3M | 20.3M | 20.3M | 16.4M | 15.6M | 15.6M | 15.5M | 15.5M | 15.5M |
| Current ratio | 0.47 | 0.04 | 0.03 | 0.04 | 0.02 | 0.04 | 0.02 | 0.22 | 0.19 | 0.21 | 0.19 | 0.20 |
| Quick ratio | 0.47 | 0.04 | 0.03 | 0.04 | 0.02 | 0.04 | 0.02 | 0.22 | 0.19 | 0.21 | 0.19 | 0.20 |
| Debt / equity | 0.45 | 0.36 | 0.53 | 0.33 | 0.41 | 0.36 | 0.45 | 0.43 | 0.77 | 0.65 | 0.75 | 0.56 |
| Equity / assets | 10.2% | 10.0% | 10.0% | 9.9% | 9.8% | 9.3% | 9.3% | 8.1% | 7.6% | 7.1% | 7.4% | 6.7% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 9, 2026); data from EODHD.
FISI financial position
At the end of fiscal 2025 (December 31, 2025), Financial Institutions had total assets of $6.3 billion (up 2.6% from a year earlier), total liabilities of $5.6 billion and shareholders' equity of $628.9 million. It held $108.8 million in cash and short-term investments against $334.2 million of debt, net debt of $225.5 million. Its current ratio was 0.03. In the latest quarter (ended June 30, 2026) total assets were $6.3 billion and equity $643.4 million.
Related: FISI income statement, FISI cash flow statement, FISI key metrics. See the FISI stock overview for the latest quote and news.
FISI balance sheet FAQ
What are Financial Institutions's total assets?
Financial Institutions reported total assets of $6.3 billion at the end of fiscal 2025 (December 31, 2025), compared with $6.1 billion a year earlier.
How much debt does Financial Institutions have?
Financial Institutions had $334.2 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.53.
How much cash does Financial Institutions have?
Financial Institutions held $108.8 million in cash and short-term investments at the end of fiscal 2025; with $334.2 million of debt that is net debt of $225.5 million.
What is Financial Institutions's book value?
Financial Institutions's shareholders' equity (book value) was $628.9 million at the end of fiscal 2025, or $30.95 per share.
What is Financial Institutions's current ratio?
Financial Institutions had current assets of $133.9 million and current liabilities of $5.3 billion, a current ratio of 0.03 (current liabilities exceed current assets).
How much goodwill does Financial Institutions have?
Financial Institutions carried $60.3 million of goodwill and intangible assets, 1.0% of total assets, at the end of fiscal 2025.