First Interstate BancSystem, Inc. Reports First Quarter Earnings
First Interstate BancSystem, Inc. - Class A (FIBK)
Last first interstate bancsystem, inc. - class a earnings: 4/30 04:11 pm
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US:NASDAQ Investor Relations:
fibk.com
Company Research
Source: Business Wire
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the first quarter of 2024. For the quarter, the Company reported net income of $58.4 million, or $0.57 per share, which compares to net income of $61.5 million, or $0.59 per share, for the fourth quarter of 2023 and net income of $56.3 million, or $0.54 per share, for the first quarter of 2023.HIGHLIGHTSCriticized loans decreased $58.3 million at March 31, 2024, compared to December 31, 2023, driven by loan upgrades and payoffs.Non-performing assets increased $61.6 million at March 31, 2024, compared to December 31, 2023, driven primarily by one non-accrual commercial and industrial loan relationship in the first quarter of 2024.Loans held for investment decreased $76.8 million at March 31, 2024, compared to December 31, 2023, driven by seasonal declines in agriculture loans.Total deposits decreased $513.1 million at March 31, 2024, compared to De
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News
- First Interstate BancSystem, Inc. (NASDAQ: FIBK) had its price target raised by analysts at Piper Sandler from $32.00 to $37.00. They now have an "overweight" rating on the stock.MarketBeat
- First Interstate BancSystem, Inc. Just Beat EPS By 15%: Here's What Analysts Think Will Happen Next [Yahoo! Finance]Yahoo! Finance
- First Interstate BancSystem, Inc. (NASDAQ: FIBK) had its price target raised by analysts at Barclays PLC from $28.00 to $29.00. They now have an "equal weight" rating on the stock.MarketBeat
- First Interstate BancSystem, Inc. (NASDAQ: FIBK) had its price target raised by analysts at Keefe, Bruyette & Woods from $28.00 to $29.00. They now have a "market perform" rating on the stock.MarketBeat
- First Interstate BancSystem, Inc. (NASDAQ: FIBK) had its "overweight" rating re-affirmed by analysts at Stephens. They now have a $32.00 price target on the stock.MarketBeat
FIBK
Earnings
- 4/24/24 - Beat
FIBK
Sec Filings
- 5/3/24 - Form 10-Q
- 4/30/24 - Form DEFA14A
- 4/24/24 - Form 8-K
- FIBK's page on the SEC website