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Stock impact report

First Interstate BancSystem, Inc. Reports Third 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) (the “Company”) today reported financial results for the third quarter of 2024. For the quarter, the Company reported net income of $55.5 million, or $0.54 per share, which compares to net income of $60.0 million, or $0.58 per share, for the second quarter of 2024 and net income of $72.7 million, or $0.70 per share, for the third quarter of 2023.HIGHLIGHTSAppointed James A. Reuter as the Company’s President and Chief Executive Officer, effective end of day November 1, 2024.Net interest margin increased to 3.01% for the third quarter of 2024, a 4-basis point increase from the second quarter of 2024. Net interest margin, on a fully taxable equivalent (“FTE”) basis1, increased to 3.04% for the third quarter of 2024, or a 4-basis point increase from the second quarter of 2024.Criticized loans decreased $14.7 million at September 30, 2024, compared to $618.0 million at June 30, 2024, driven mostly by cha Show less Read more
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