secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2023-01-26T23:59:59+00:00
Accession:  0000860413-23-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000014/0000860413-23-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000014/fibk-20230126.htm
  HTML page:      https://secwatch.observer/filing/0000860413-23-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer