secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2023-04-26T23:59:59+00:00
Accession:  0000860413-23-000078
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000078/0000860413-23-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000078/fibk-20230426.htm
  HTML page:      https://secwatch.observer/filing/0000860413-23-000078

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