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29.07.25 - 22:21
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First Interstate BancSystem, Inc. Reports Second 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 second quarter of 2025. For the quarter, the Company reported net income of $71.7 million, or $0.69 per diluted share, which compares to net income of $50.2 million, or $0.49 per diluted share, for the first quarter of 2025 and net income of $60.0 million, or $0.58 per diluted share, for the second quarter of 2024.
HIGHLIGHTS
Net interest margin increased to 3.30% for the second quarter of 2025, an 11-basis point increase from the first quarter of 2025 and a 33-basis point increase from the second quarter of 2024. Adjusted net FTE interest margin ratio1 increased to 3.26% for the second quarter of 2025, or a 12-basis point increase from the first quarter of 2025 and a 34-basis point increase from the second quarter of 2024.
Other borrowed funds decreased $710.0 million, or 74.0%, to $250.0 million as of June 30, 2025, from $960.0 million as of March 31, 2025 and d...
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08.07.25 - 19:48
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First Interstate BancSystem, Inc. Announces Second 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 second quarter results after the market closes on Tuesday, July 29, 2025. A conference call for investors is scheduled for Wednesday, July 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 98659. 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 Conference ID is 98659. The call will also be archived on the Company's website, www.FIBK.com.
About First Interstate BancSystem, Inc.
First Interstate BancSystem, Inc. is a ...
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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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