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Altman Z-Score for Financial Institutions Inc

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FISI: Financial Institutions Inc

Financial Institutions, Inc. operates as a holding company for the Five Star Bank, a chartered bank that provides banking and financial services to individuals, municipalities, and businesses in New Y...

26.05 USD

Price

– USD

Fair Value

–

Upside

16.29 - 29.79

52-week range

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Analysis

Fiscal Years

Trailing Twelve Months

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The following section summarizes insights on Financial Institutions Inc's Altman Z-Score:

Performance Summary

Financial Institutions's latest twelve months altman z-score is -2.1
Financial Institutions's altman z-score for fiscal years ending December 2020 to 2024 averaged -2.1.
Financial Institutions's operated at median altman z-score of -2.1 from fiscal years ending December 2020 to 2024.
Looking back at the last 5 years, Financial Institutions's altman z-score peaked in December 2020 at -2.0.
Financial Institutions's altman z-score hit its 5-year low in December 2022 of -2.1.
Financial Institutions's altman z-score decreased in 2020 (-2.0, +3.3%), 2021 (-2.0, +0.4%), 2022 (-2.1, +5.3%), and 2024 (-2.1, +0.3%) and increased in 2023 (-2.1, -2.6%).

How does Financial Institutions's Altman Z-Score benchmark against competitors?

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We've identified the following companies as similar to Financial Institutions Inc because they operate in a related industry or sector. We also considered size, growth, and various financial metrics to narrow down the list to the ones listed below.

Financial Institutions Altman Z-Score Benchmarks
Name	Ticker	Altman Z-Score
Financial Institutions Inc	NASDAQGS:FISI	-2.1
Enterprise Bancorp Inc	NASDAQGS:EBTC	-2.0
Camden National Corporation	NASDAQGS:CAC	-1.9
South State Corp	NYSE:SSB	-1.9
Hbt Financial Inc	NASDAQGS:HBT	-1.8
Trustmark Corporation	NASDAQGS:TRMK	-1.8
Sandy Spring Bancorp Inc	NASDAQGS:SASR	-1.8
Washington Trust Bancorp Inc	NASDAQGS:WASH	-1.7
Univest Corporation Pennsylvania	NASDAQGS:UVSP	-1.7
CNB Financial Corporation	NASDAQGS:CCNE	-1.6
Financials	SECTOR:FIN.US	-1.0
Hingham Institution for Savings	NASDAQGM:HIFS	-0.4

Metric Usage: Altman Z-Score

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altman_z_score

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number

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text

Format

current

Default Period

FY, LTM

Periods Supported

Free

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To view the full list of supported financial metrics please see Complete Metrics Listing.

Similar Metrics

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Metrics similar to Altman Z-Score in the risk category include:

Total Debt / Total Assets - A ratio that measures a company's total debt as a percentage of total assets.
Beta (5 Year) - A ratio that measures the risk or volatility of a company's share price in comparison to the market as a whole. A beta of 1.0 means that the company rises and falls in direct relationship to the movement of the benchmark index. A beta that is less than 1 indicates a stock that is less volatile than the overall market and a beta greater than 1 indicates that the stock is more volatile.
Degree of Combined Leverage (DCL) - The degree of combined leverage expands on the degree of operating leverage to provide a view of a company's ability to generate profits from sales. It multiplies DOL and DFL.
Total Debt / EBITDA - A ratio that is calculated as Total Debt (including Capital Leases) divided by EBITDA.

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Altman Z-Score

A formula used to predict the probability that a firm will go into bankruptcy within two years.

Definition of Altman Z-Score

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Altman Z-Score is a formula used to predict the probability that a firm will go into bankruptcy within two years. The original paper by Professor Edward I. Altman can be found here.

The formula for Z-Score is as follows:

Z = 1.2A + 1.4B + 3.3C + 0.6D + 1.0E

A = Working Capital / Total Assets
B = Retained Earnings / Total Assets
C = EBIT / Total Assets
D = Market Value Of Equity / Book Value Of Total Liabilities
E = Sales / Total Assets

For non-U.S. and financial institutions, a modified version of the formula called Z"-Score is used.

Z" = 6.56A + 3.26B + 6.72C + 1.05D + 3.25

A = Working Capital / Total Assets
B = Retained Earnings / Total Assets
C = Operating Income / Total Assets
D = Book Value of Equity / Book Value Of Liabilities

The formula for Z-Score is as follows:

Z-Score:
  Z > 2.99            |   Safe Zone
  2.99 > Z > 1.81     |   Gray Zone
  Z < 1.81            |   Distress Zone

Z"-Score:
  Z > 2.6             |  Safe Zone
  2.6 > Z > 1.1       |  Gray Zone
  Z < 1.1             |  Distress Zone

Click the link below to download a spreadsheet with an example Altman Z-Score calculation for Financial Institutions Inc below:

Sector Benchmark Analysis

Sector

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Industry

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The chart above depicts the distribution of altman z-score for companies operating in the Financials sector in the Developed economic region. Over 2,785 companies were considered in this analysis, and 2,678 had meaningful values. The average altman z-score of companies in the sector is 12.7 with a standard deviation of 48.2.

Financial Institutions Inc's Altman Z-Score of -2.1 ranks in the 11.2% percentile for the sector. The following table provides additional summary stats:

Altman Z-Score In The Financials Sector
Economic Risk Region	Developed
Total Constituents	2,790
Included Constituents	2,678
Min	-178.4
Max	432.0
Median	3.0
Mean	12.7
Standard Deviation	48.2

You can find companies with similar altman z-score using this stock screener.