First Interstate Q1 net income $56.3M ($0.54 EPS); NIM down 25 bps; dividend $0.47

FIRST INTERSTATE BANCSYSTEM INC

2023-Q1 EPS reported $0.54

Net income $56.3M ($0.54 diluted EPS) vs Q4 2022 $85.8M ($0.82) and Q1 2022 net loss $33.4M ($0.36 loss).
Net interest margin (FTE) fell to 3.36% from 3.61% in Q4 2022 (25 bps decrease); adjusted NIM 3.29% down 20 bps.
Loans held for investment grew $146.5M (annualized 3.2%); commercial loans up 20% annualized.
Book value per share $30.28 vs $29.43 Dec 31; tangible book value $18.57 vs $17.69.
Board declared $0.47 per share dividend, payable May 18, 2023 to holders of record May 8, 2023.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

FIRST INTERSTATE BANCSYSTEM INC reported the quarter ended March 31, 2023 results: net income $56.3 million, EPS $0.54 per share.

Period: the quarter ended March 31, 2023
Net income: $56.3 million
EPS: $0.54 per share
Result: reported results

Exact text from the filing

the Company reported net income of $56.3 million, or $0.54 per share

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

FIRST INTERSTATE BANCSYSTEM INC filing history →

Source: SEC EDGAR

accession 0000860413-23-000078

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