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06.06.25 - 02:27
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First Interstate BancSystem, Inc. Announces Pricing of Subordinated Notes Offering (Business Wire)
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BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today announced the pricing of its public offering of $125 million aggregate principal amount of 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035 (the “Notes”). The price to the public for the Notes was 100% of the principal amount of the Notes. Interest on the Notes will accrue at a rate equal to (i) 7.625% per annum from the original issue date to, but excluding, June 15, 2030, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 398 basis points from, and including, June 15, 2030, payable quarterly in arrears. The Notes are intended to qualify as Tier 2 capital for regulatory purposes. The offering is expected to close on June 10, 2025, subject to the satisfaction of customary closing conditions.
Keefe, Bruyette & Woods, A Stifel Company is acting as the sole...
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02.06.25 - 15:30
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David P. Della Camera Becomes CFO of First Interstate BancSystem, Inc. (Business Wire)
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BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) announced that effective June 1, 2025, David P. Della Camera has succeeded Marcy D. Mutch as the Company's Executive Vice President and Chief Financial Officer (CFO). This transition completes the Company's previously announced CFO succession plan, which was announced in February 2025.
Mr. Della Camera joined First Interstate in 2021 and has held a range of senior finance leadership roles at the Company, most recently serving as Deputy CFO. In this role, Mr. Della Camera was responsible for First Interstate's financial planning and analysis, investor relations, and strategic initiatives including mergers and acquisitions. Mr. Della Camera has also served as the Company's Director of Corporate Development and Financial Strategy as well as Director of Financial Planning and Analysis, giving him a comprehensive and deep understanding of First Interstate's financial and reporti...
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29.04.25 - 22:09
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First Interstate BancSystem, Inc. Reports First Quarter Earnings (Business Wire)
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BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the first quarter of 2025. For the quarter, the Company reported net income of $50.2 million, or $0.49 per diluted share, which compares to net income of $52.1 million, or $0.50 per diluted share, for the fourth quarter of 2024 and net income of $58.4 million, or $0.57 per diluted share, for the first quarter of 2024.
HIGHLIGHTS
Net interest margin increased to 3.19% for the first quarter of 2025, a 1-basis point increase from the fourth quarter of 2024 and a 28-basis point increase from the first quarter of 2024. Adjusted net FTE interest margin1 increased to 3.14% for the first quarter of 2025, or a 6-basis point increase from the fourth quarter of 2024 and a 30-basis point increase from the first quarter of 2024.
Non-performing assets increased $52.8 million, or 36.3%, to $198.4 million as of March 31, 2025, from $145.6 million as of December 31, 2024, primarily as...
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28.04.25 - 22:09
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Enterprise Bank & Trust to Expand in Arizona and Kansas through acquisition of Twelve Banking Offices from First Interstate Bank (Business Wire)
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ST. LOUIS & BILLINGS, Mont.--(BUSINESS WIRE)--Enterprise Financial Services Corp (“Enterprise”) (NASDAQ: EFSC) and First Interstate BancSystem, Inc. (“First Interstate”) (NASDAQ: FIBK) have announced the signing of a purchase and assumption agreement by their respective wholly-owned subsidiaries, Enterprise Bank & Trust and First Interstate Bank, pursuant to which Enterprise Bank & Trust will acquire twelve branches from First Interstate Bank. The acquisition consists of two separate franchises, with ten branches in Arizona and two branches in Kansas. The purchase and assumption agreement provides for the transfer by First Interstate Bank to Enterprise Bank & Trust of the facilities and other associated assets of the branches, approximately $740 million in deposits, and certain, mostly commercially-oriented, loans with outstanding balances of roughly $200 million. Upon closing of the transaction, the following branches will become a part of Enterprise Bank & Trust:
Arizona Locations:
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07.04.25 - 22:03
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First Interstate BancSystem, Inc. Announces First Quarter Earnings Release and Conference Call (Business Wire)
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BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Tuesday, April 29, 2025. A conference call for investors is scheduled for Wednesday, April 30, 2025, at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 800-549-8228; the Conference ID is 81085. To participate via the Internet, visit www.FIBK.com. A telephone replay will be available approximately one hour after the end of the conference call by dialing 888-660-6264; the recording security code is 81085#. The call will also be archived on the Company's website, www.FIBK.com.
About First Interstate BancSystem, Inc.
First Interstate BancSystem...
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25.02.25 - 14:33
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First Interstate BancSystem, Inc. Announces Chief Financial Officer Succession (Business Wire)
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BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) announced today that Marcy D. Mutch notified the Company of her intention to retire as a full-time employee at the end of 2025 after more than 18 years of faithful service to the Company, and to step down after a transition period as the Company's Executive Vice President and Chief Financial Officer (CFO) effective May 31, 2025. Ms. Mutch has agreed to serve as an executive advisor to the Company through the end of 2025 after she steps down from her executive officer role, during which time she will be expected to assist the Company with, among other things, providing strategic continuity and high-level support to the Company, assisting the Chief Executive Officer (CEO) with the continuation of the CFO role transition, acting as a liaison between the board of directors of the Company, executive management, and the Company's investment community as requested by the CEO, coordin...
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06.02.25 - 23:48
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XFRA : DIVIDEND/INTEREST INFORMATION - 10.02.2025 - US32055Y2019 (XETRA)
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Das Instrument 4FB US32055Y2019 FRST INTERSTATE BANCSYS A EQUITY wird cum Dividende/Zinsen gehandelt am 07.02.2025 und ex Dividende/Zinsen am 10.02.2025
The instrument 4FB US32055Y2019 FRST INTERSTATE BANCSYS A EQUITY has its pre-dividend/interest day on 07.02.2025 and its ex-dividend/interest day on 10.02.2025...
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