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Stock impact report

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 Check Earnings Report
US:NASDAQ Investor Relations: fibk.com
Company Research Source: Business Wire
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the first quarter of 2020. For the quarter, the Company reported net income of $29.3 million, or $0.45 per share, which compares to net income of $52.4 million, or $0.80 per share, for the fourth quarter of 2019, and $41.6 million, or $0.69 per share, for the first quarter of 2019.The fourth quarter of 2019 earnings included acquisition costs related to the acquisitions of Idaho Independent Bank (“IIBK”) and Community 1st Bank (“CMYF”), both of which were acquired on April 8, 2019. The first quarter of 2019 earnings included acquisition costs related to the acquisition of Northwest Bancorporation, Inc. (“Northwest”), the parent company of Inland Northwest Bank (“INB”), which was acquired on August 16, 2018. The aforementioned acquisition costs negatively impacted earnings by $0.01 and $0.03 per common share in the fourth quarter of 2019 and the first quarter of 2 Show less Read more
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