First Interstate BancSystem(US:FIBK)2025-10-30 13:30Financial Performance - The company reported net income of $71.4 million, or $0.69 per share for Q3 2025[19] - Net interest margin (NIM) was 3.34%, with an adjusted FTE NIM of 3.30%, a 4 basis points increase from the previous quarter[19] - The efficiency ratio was 61.7% for the third quarter of 2025[19] Balance Sheet & Capital - Total assets reached $27.3 billion[8] - Loans held for investment (LHFI) totaled $15.8 billion[8], decreasing by $519.0 million from the second quarter of 2025[19] - Deposits amounted to $22.6 billion[8], a decrease of $25.6 million from the second quarter of 2025[19] - The company's loan-to-deposit ratio was 70% in Q3 2025[18] - CET1 was 13.90% and total RBC was 16.62% for Q3 2025[19] - The company repurchased approximately 1.8 million shares for approximately $57.2 million through October 28, 2025[18] Asset Quality - Non-performing loans (NPLs) decreased 6.1% from the second quarter of 2025, to $182.2 million, representing 1.15% of LHFI[19] - Net charge-offs (NCOs) were $2.3 million, or an annualized 6 basis points of average loans outstanding during Q3 2025[19] - Criticized loans decreased 3.2%, or $38.9 million, from the second quarter of 2025, to $1,164.1 million, representing 7.4% of LHFI[19] Strategic Initiatives - The company closed the sale of Arizona and Kansas branches in October 2025[18] - The company announced the pending sale of 11 Nebraska branches[18]