For the quarter ended December 2023, First Interstate BancSystem (FIBK) reported revenue of $252.3 million, down 15.9% over the same period last year. EPS came in at $0.67, compared to $0.86 in the year-ago quarter.The reported revenue represents a surprise of -0.86% over the Zacks Consensus Estimate of $254.5 million. With the consensus EPS estimate being $0.63, the EPS surprise was +6.35%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compa ...

Total Assets Total assets decreased $1,747.0 million, or 5.4%, to $30,540.8 million as of September 30, 2023, from $32,287.8 million as of December 31, 2022, primarily due to a decrease in cash and cash equivalents and investment securities as a result of a decline in deposits and securities sold under repurchase agreements, partially offset by an increase in loans held for investment. Significant fluctuations in balance sheet accounts are discussed below. More information regarding the results as of Decemb ...

First Interstate BancSystem Inc. (NASDAQ:FIBK) Q3 2023 Results Conference Call October 26, 2023 11:00 AM ET Company Participants Andrea Walton - Investor Relations Kevin Riley - President, CEO and Director Marcy Mutch - Executive VP & CFO Michael Lugli - Chief Credit Officer Conference Call Participants Matthew Clark - Piper Sandler Chris McGratty - KBW Andrew Terrell - Stephens Zach Westerlind - UBS Jeff Rulis - D.A. Davidson Operator Good morning, ladies and gentlemen, and welcome to the First Interstate ...

NOTES TO UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS (Dollars in millions, except share and per share data) As of June 30, 2023 and December 31, 2022, the Company has amortized costs of $7,227.8 million and $4,998.9 million, respectively, for investment securities pledged to secure public deposits and securities sold under repurchase agreements that had estimated fair values of $6,455.1 million and $4,432.0 million, as of June 30, 2023 and December 31, 2022, respectively. All securities sold under repurchas ...

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Q2 2023 Earnings Conference Call July 27, 2023 11:00 AM ET Company Participants Andrea Walton – Investor Relations Kevin Riley – Chief Executive Officer Marcy Mutch – Chief Financial Officer John Stewart – Deputy Chief Financial Officer Conference Call Participants Jared Shaw – Wells Fargo Brody Preston – UBS Nick Moutafakis – KBW Jeff Rulis – D.A. Davison Operator Good morning, ladies and gentlemen, and welcome to the First Interstate Bank System Inc. Q2 2023 ...

2Q22 3Q22 4Q22 1Q23 2Q23 Total Non-interest Expenses Adjusted Non-interest Expenses ² Efficiency Ratio ¹ Adjusted Efficiency Ratio ² Non-interest Expense Notes: • Q2 2023 results include $1.9 million in severance expense in salaries and wages 1 The ratio of the bank's non-interest expense to revenue (per FDIC definition) 2 See Non-GAAP table in appendix for reconciliation 20 2023 GUIDANCE SUMMARY Net Interest Income & Net Interest Margin • Loan growth expected to be low-single-digit end-of-period growth for ...

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Net Interest Income¹ ($MM) and Net Interest Margin¹ Net Interest Income and Net Interest Margin Highlights: $240.7 • Total remaining PAA of $79.6 million at 3/31 • Excluding the impact from PAA, the Q1 2023 adjusted NIM2 declined by 20 basis points, primarily driven by a shift in mix of interest-bearing liabilities toward short-term borrowings, while increased interest-bearing deposit costs offset ex-PAA loan yield expansion 3.36% 3.47% 3.49% 3.29% 12 3.61 0.15 0.06 0.01 (0.19) (0.08) (0.05) 4Q2 Loans ex-PA ...

Debt Security Investments. Investments in debt securities that the Company has the positive intent and ability to hold to maturity are classified as held-to-maturity and carried at amortized cost. Investments in debt securities that may be sold in response to or in anticipation of changes in interest rates and resulting prepayment risk, or other factors, are classified as available-for-sale and carried at fair value. The unrealized gains and losses on these securities are reported, net of applicable income ...

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Q4 2022 Earnings Conference Call January 27, 2023 11:00 AM ET Company Participants Lisa Slyter-Bray - Executive Assistant Kevin Riley - Chief Executive Officer Marcy Mutch - Chief Financial Officer Michael Lugli - Chief Credit Officer Conference Call Participants Jared Shaw - Wells Fargo Chris McGratty - KBW Adam Butler - Piper Sandler Todd Milliken - RBC Wealth Management Bruce Zessar - Advisory Research Chris McGratty - KBW Andrew Terrell - Stephen Tim Coffe ...