First Interstate Q4 net income $85.8M, EPS $0.82; loans grow 11% annualized

FIRST INTERSTATE BANCSYSTEM INC

2022-FY EPS reported $1.96

Q4 2022 net income $85.8M ($0.82 EPS); full-year $202.2M ($1.96 EPS) vs $192.1M ($3.11) in 2021, with $118.9M acquisition costs.
Loans held for investment grew $495.7M (annualized 11.1%) in Q4; non-performing loans fell $20.4M to $65.6M.
Net interest margin (FTE) 3.61%, down 10 bps from Q3; adjusted NIM (ex-purchase accounting) 3.49%, up 2 bps.
Book value per share $29.43; tangible book value $17.69, down from $20.83 a year ago due to AOCI losses.
Dividend of $0.47 per share declared, payable Feb 17, 2023 to holders of record Feb 7, 2023.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST INTERSTATE BANCSYSTEM INC reported the quarter ended December 31, 2022 results: net income $85.8 million, EPS $0.82 per diluted share.

Period: the quarter ended December 31, 2022
Net income: $85.8 million
EPS: $0.82 per diluted share
Result: reported results

Exact text from the filing

For the quarter, the Company reported net income of $85.8 million, or $0.82 per diluted share

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

FIRST INTERSTATE BANCSYSTEM INC reported the year ended December 31, 2022 results: net income $202.2 million, EPS $1.96 per diluted share.

Period: the year ended December 31, 2022
Net income: $202.2 million
EPS: $1.96 per diluted share
Result: reported results

Exact text from the filing

For the year ending December 31, 2022, the Company reported net income of $202.2 million, or $1.96 per diluted share

View on SEC.gov

59 earnings releases filed in the last 30 days. Browse all earnings releases →

FIRST INTERSTATE BANCSYSTEM INC filing history →

Source: SEC EDGAR

accession 0000860413-23-000014

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