Company / Income Tax
FINANCIAL INSTITUTIONS INC Income Tax History
FY2015-FY2024 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Income Tax
-$26.5M
FY2024
5-year range
-$26.5M / $19.5M
FY2020-FY2024
Trend
-307.2%
vs FY2023
Sector context
#378 of 392
Financials
What the data says
Income Tax changed -307% YoY in FY2024, a notable deviation from the 9-year average annual change of -23%.
Based on SEC 10-K filings.
-$27M in FY2024.
Improved from $14M to -$27M over the past 2 years.
Financials sector context is included.
Income Tax over time
Growth rates
- 3-Year CAGR
- -
- 5-Year CAGR
- -
- 10-Year CAGR
- -
Sector benchmark
Top 4% in FinancialsTop 4% of 392This company -$26.5M Sector average $321.5M
▼
-108.2% below sector average
Key checks
Key Insights
- FINANCIAL INSTITUTIONS INC's income tax has declined for 3 consecutive years.
- In FY2024, income tax decreased 307.2% year-over-year.
- Ranks #378 out of 392 companies in the Financials sector.
- Peak income tax was recorded in FY2021.
Company context
Key Data Points
- Low Piotroski F-Score: 2/9 (multiple financial health concerns)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Income TaxValue | YoY GrowthYoY |
|---|---|---|
| FY2024 | -$26.5M | -307.2% |
| FY2023 | $12.8M | -11.2% |
| FY2022 | $14.4M | -26.3% |
| FY2021 | $19.5M | +164.2% |
| FY2020 | $7.4M | -30.0% |
| FY2019 | $10.6M | +5.5% |
| FY2018 | $10.0M | +0.6% |
| FY2017 | $9.9M | -18.6% |
| FY2016 | $12.2M | +15.9% |
| FY2015 | $10.5M | +9.5% |
As of FY2024 · SEC 10-K · Updated Feb 28, 2026