FISI · FINANCIAL INST Q2 FY2026 earnings call record财报电话会记录

“Margin was up 21 basis points from the year-ago quarter.”

“Credit quality remained stable and non-interest expenses were flat, allowing revenue growth to drive further improvement in our quarterly efficiency ratio to nearly 55%.”

“Common Equity Tier 1 ratio was 11.44%, up seven basis points from the linked quarter and 60 basis points year-over-year.”

“While our TCE ratio was 9.02%, up 13 and 41 basis points respectively.”

“Overall, disciplined execution by our lines of business translated to diversified revenue, well-managed expenses, and sustained earnings and profitability.”

“Consumer indirect loans, which are originated through a network of more than 360 new auto dealers across New York State, were down 2.1% from the end of the linked quarter and 7.5% from the year ago quarter.”

“Given our year-to-date performance, we continue to target full year 2026 loan growth of 5%.”

“We continue to target low single-digit deposit growth for the full year.”

“Investment advisory revenue, largely derived through our wealth management subsidiary, Courier Capital, increased to $3.3 million, up 7.4% from the first quarter.”

“Our previous guidance for the full-year charge-off ratio, tax rate, non-interest expense growth, and non-interest income remain unchanged and are outlined on slide five of our investor presentation.”

“Just, Jack, kind of wondering how you feel the margin's positioned should there be a 25-basis-point hike either later this year or early in 2027?”

“We still believe that the franchise is undervalued based upon our PE and tangible book value multiple when you look at our profitability metrics relative to our peer group, that buybacks remain an efficient use of capital given where we're positioned in the market.”