Earnings Call Summary | Financial Institutions(FISI.US) Q1 2024 Earnings Conference
Earnings Call Summary | Financial Institutions(FISI.US) Q1 2024 Earnings Conference
The following is a summary of the Financial Institutions, Inc. (FISI) Q1 2024 Earnings Call Transcript:
以下是金融機構公司（FISI）2024年第一季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Financial Institutions reported Q1 net income available to common shareholders of $1.7 million, or $0.11 per diluted share, down from Q4's $0.61 per share and Q1 2023's $0.76 per share due to a significant fraud-related charge-off.
Despite the fraud event, the company reported a strong credit quality, with nonperforming loans to total loans of 60 basis points, and a notable increase in deposit growth, up by $183.8 million from 2023.
Net interest income for the first quarter also saw a slight increase from the fourth quarter of 2023, standing at $40.1 million.
金融機構報告稱，由於與欺詐相關的重大扣款，第一季度普通股股東可獲得的淨收益爲170萬美元，攤薄後每股收益爲0.11美元，低於第四季度的每股0.61美元和2023年第一季度的每股0.76美元。
儘管發生了欺詐事件，但該公司報告了良好的信貸質量，不良貸款佔貸款總額的60個點子，存款增長顯著增加，較2023年增加了1.838億美元。
第一季度的淨利息收入也比2023年第四季度略有增加，達到4,010萬美元。
Business Progress:
業務進展：
Notwithstanding flat total loan balances, the company reported strong pipelines and several key commercial deals set to close in Q2.
The sale of the assets of its insurance subsidiary, SDN Insurance Agency, is expected to contribute to overall net income and boost regulatory capital.
As strategic actions to enhance liquidity, capital, and earnings continue, a healthy growth in total deposits, led by nonpublic and reciprocal deposits, is anticipated for the future.
They maintain a strong financial position, reporting a common equity Tier 1 ratio of 9.43%.
儘管總貸款餘額持平，但該公司報告稱，資金渠道強勁，幾項關鍵商業交易定於第二季度完成。
出售其保險子公司SDN Insurance Agency的資產預計將增加整體淨收入並增加監管資本。
隨着提高流動性、資本和收益的戰略行動的繼續，預計未來存款總額將在非公開存款和互惠存款的帶動下健康增長。
他們保持強勁的財務狀況，報告普通股一級比率爲9.43％。
More details: Financial Institutions IR
更多詳情： 金融機構 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。