Compared to Estimates, First Interstate BancSystem (FIBK) Q1 Earnings: A Look at Key Metrics

Core Insights - First Interstate BancSystem (FIBK) reported revenue of $247 million for the quarter ended March 2025, reflecting a 2% increase year-over-year, but a revenue surprise of -2.14% compared to the Zacks Consensus Estimate of $252.4 million [1] - Earnings per share (EPS) for the quarter was $0.49, down from $0.57 in the same quarter last year, resulting in an EPS surprise of -12.50% against the consensus estimate of $0.56 [1] Financial Performance Metrics - The net FTE interest margin (non-GAAP) was reported at 3.2%, matching the average estimate from two analysts [4] - The efficiency ratio was 63.6%, better than the estimated 64.6% by two analysts [4] - Mortgage banking revenues were $1.40 million, below the estimated $1.60 million [4] - Total noninterest income was $42 million, slightly below the average estimate of $42.75 million [4] - Net interest income stood at $205 million, compared to the average estimate of $208.54 million [4] Stock Performance - Over the past month, shares of First Interstate BancSystem have returned -2%, while the Zacks S&P 500 composite experienced a -0.8% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]