FIVE STAR SHOWS BRIGHT

Financial Institutions Inc. stock was trading 3 percent higher Thursday after the parent of Five Star Bank reported a 49 percent increase in third-quarter net income.
The Warsaw, Wyoming County-based bank reported attributable to shareholders of $5.8 million, or 42 cents a diluted share, up from $3.9 million, or 28 cents a share, in the third quarter 2012.
Analysts had expected earnings of 45 cents a share.
Five Star Bank ranks seventh in the Rochester market with local deposits of $888 million.

Leave a Reply