FISIHIGH SIGNALFINANCIAL10-K

FISI experienced a dramatic deterioration in operating cash flow generation while simultaneously increasing debt levels by over 55%.

The substantial decline in operating cash flow from $77.1M to $18.8M signals potential operational stress or significant changes in working capital management that require careful monitoring. Combined with the meaningful increase in total debt to $193.7M, this creates a concerning cash generation versus leverage dynamic that could pressure future financial flexibility.

Comparing 2026-03-09 vs 2025-03-12View on EDGAR →
FINANCIAL ANALYSIS

FISI's financial profile shows mixed signals with stockholders equity growing modestly to $628.9M and cash reserves increasing to $108.8M, providing some balance sheet cushion. However, the company's operating cash flow generation declined substantially while total debt increased meaningfully to $193.7M. This combination of weakened cash generation alongside higher leverage creates potential liquidity concerns that offset the positive momentum in equity growth.

FINANCIAL STATEMENT CHANGES
Operating Cash Flow
Cash Flow
-75.6%
$77.1M→$18.8M

Operating cash flow fell 75.6% — earnings quality concerns; investigate working capital changes and non-cash items.

Total Debt
Balance Sheet
+55.1%
$124.8M→$193.7M

Debt increased 55.1% — substantial leverage increase; assess whether deployed for growth or covering losses.

Cash & Equivalents
Balance Sheet
+24.5%
$87.3M→$108.8M

Cash grew 24.5% — improving liquidity position supports investment and shareholder returns.

Stockholders Equity
Balance Sheet
+10.5%
$569.0M→$628.9M

Equity base grew 10.5% — retained earnings accumulation or equity issuance strengthening the balance sheet.

LANGUAGE CHANGES
NEW — 2026-03-09
PRIOR — 2025-03-12
ADDED
As of February 27, 2026 , there were outstanding, exclusive of treasury shares, 19,634,210 shares of the registrant s common stock.
While federal law continues to classify cannabis as illegal, the risk of strict federal enforcement remains uncertain.
Any significant change in federal enforcement posture could affect our ability to continue services these customers and could increase our legal, regulatory, or compliance-related obligations.
As of December 31, 2025, the consolidated financial statements include the accounts of the Parent, the Bank, and Courier Capital.
At December 31, 2025, the Company had consolidated total assets of $6.27 billion, deposits of $5.21 billion and shareholders equity of $628.9 million and the Bank represented 99%, and Courier Capital represented less than 1% of the consolidated assets of the Company.
+7 more — sign up free →
REMOVED
As of February 28, 2025 , there were outstanding, exclusive of treasury shares, 20,077,893 shares of the registrant s common stock.
Prior to April 1, 2024, the Parent also owned SDN Insurance Agency, LLC, referred to as SDN, which sold various premium-based insurance policies on a commission basis to commercial and consumer customers.
On April 1, 2024, the Company announced and closed the sale of the assets of SDN to NFP Property Casualty Services, Inc., a subsidiary of NFP Corp.
Following the sale of the assets of SDN, the Company changed the name of the entity to Five Star Advisors LLC and expects to utilize it to serve as a conduit to refer insurance business to NFP.
At December 31, 2024, the Company had consolidated total assets of $6.12 billion, deposits of $5.10 billion and shareholders equity of $569.0 million and the Bank represented 99%, and Courier Capital represented less than 1%, of the consolidated assets of the Company.
+7 more — sign up free →
MORE FINANCIAL SIGNALS
CRMHIGHSalesforce significantly increased debt by 71% to $14.4B while simultaneously ac...
2026-03-02
UNHHIGHUNH's operating income plummeted 41% despite 12% revenue growth, indicating seve...
2026-03-02
PFEHIGHPfizer achieved a dramatic 87.3% reduction in total debt from $31.4B to $4.0B, r...
2026-02-26
GILDHIGHGILD dramatically increased R&D spending by 81.5% to $9.1B while introducing new...
2026-02-24
ANALYZE ANY FILING FREE

See what changed in your portfolio's filings

500+ US-listed companies analyzed. Language delta, financial analysis, instant signal scoring.

Try Tracenotes free →