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Stock impact report

How First Interstate is responding to activist pressure [Yahoo! Finance]

First Interstate BancSystem, Inc. - Class A (FIBK) 
Last first interstate bancsystem, inc. - class a earnings: 4/30 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: fibk.com
Company Research Source: Yahoo! Finance
What's at stake : The bank seemed to align itself with some of the activist group's demands, but it did not outright commit to certain items, such as a Common Equity Tier 1 ratio of 10.3%. Forward look : The two sides are scheduled to meet to discuss a resolution. First Interstate BancSystem, one of several regional banks currently in the crosshairs of a high-profile activist investor, appeared to meet some of the group's demands Thursday, but left others hanging. While First Interstate executives did not "publicly swear off any and all future acquisitions" or "publicly swear off any securities restructurings," as HoldCo Asset Management requested in a report last week, they did say they're not interested in doing mergers and acquisitions or in using excess capital to restructure the securities book. Rather, the Billings, Montana-based bank will use excess capital to continue buying back shares, the executives said. "M&A is not something we're focused on," First Interstate Pr Show less Read more
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