secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2023-07-26T23:59:59+00:00
Accession:  0000860413-23-000168
Event type: earnings
Sentiment:  neutral
Materiality: 0.55
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Interstate Q2 net income $67M, EPS $0.65; NIM falls 24 bps; dividend $0.47
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- Net income $67.0M ($0.65/sh) vs Q1 $56.3M ($0.54) and Q2 2022 $64.1M ($0.59, incl $0.34 acquisition costs).
- Net interest margin (FTE) 3.12%, down 24 bps from Q1; adjusted NIM (ex-purchase accounting) 3.05%, also down 24 bps.
- Total deposits decreased 2.2% in Q2, but grew 1.6% in June; no brokered deposits; loans held for investment up 0.4% annualized.
- Book value per share $29.72, tangible book $18.12, down from prior quarter; AOCI loss equal to $4.37 of tangible book.
- Dividend declared $0.47/share, payable Aug 17, 2023 to holders of record Aug 7, 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000168/0000860413-23-000168-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000168/fibk-20230726.htm
  HTML page:      https://secwatch.observer/filing/0000860413-23-000168

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