Earnings Preview: First Interstate BancSystem (FIBK) Q2 Earnings Expected to Decline

Company Overview - First Interstate BancSystem (FIBK) is expected to report a year-over-year decline in earnings, with a projected EPS of $0.57, reflecting a -1.7% change, while revenues are anticipated to increase by 4.1% to $254.25 million [3][11]. Earnings Expectations - The stock price may increase if the actual earnings exceed expectations in the upcoming report, scheduled for July 29, while a miss could lead to a decline in stock price [2][11]. - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a stable outlook from analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for First Interstate BancSystem is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -4.07%, suggesting a bearish sentiment among analysts [11]. - The company currently holds a Zacks Rank of 4, which complicates the prediction of an earnings beat [11]. Historical Performance - In the last reported quarter, First Interstate BancSystem was expected to post earnings of $0.56 per share but only achieved $0.49, resulting in a surprise of -12.50% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Industry Comparison - In the Zacks Banks - Midwest industry, Associated Banc-Corp (ASB) is expected to report earnings of $0.62 per share, indicating a year-over-year increase of +19.2%, with revenues projected at $362.81 million, up 11.5% [17][18]. - Associated Banc-Corp has a positive Earnings ESP of +0.81% and a Zacks Rank of 2, suggesting a higher likelihood of beating the consensus EPS estimate [19].