Workflow
Exploring Analyst Estimates for First Interstate BancSystem (FIBK) Q3 Earnings, Beyond Revenue and EPS
FIBKFirst Interstate BancSystem(FIBK) ZACKS·2024-10-23 14:21

Core Viewpoint - Analysts expect First Interstate BancSystem (FIBK) to report quarterly earnings of 0.60pershare,reflectingayearoveryeardeclineof14.30.60 per share, reflecting a year-over-year decline of 14.3% and revenues of 249.9 million, down 2.3% from the previous year [1] Group 1: Earnings and Revenue Estimates - The consensus EPS estimate for the quarter has remained unchanged over the past 30 days, indicating analysts' reassessment of their initial projections [1] - Analysts predict 'Net Interest Income' to be 206.67million,downfrom206.67 million, down from 213.70 million reported in the same quarter last year [3] - The estimate for 'Total noninterest Income' is 43.53million,comparedto43.53 million, compared to 42 million in the same quarter of the previous year [2] Group 2: Key Financial Metrics - The expected 'Net FTE interest margin (non-GAAP)' is 3.0%, down from 3.1% year-over-year [2] - The 'Efficiency Ratio' is projected to reach 62.6%, compared to 61.5% in the previous year [2] Group 3: Stock Performance - FIBK shares have increased by 3.9% over the past month, outperforming the Zacks S&P 500 composite's increase of 2.7% [3] - FIBK holds a Zacks Rank 2 (Buy), indicating expectations of outperforming the overall market performance in the near term [3]