First Interstate Q3 net income $72.7M ($0.70 EPS); deposits rise, margin narrows

FIRST INTERSTATE BANCSYSTEM INC

2023-Q3 EPS reported $1.89

Net income $72.7M ($0.70 EPS) vs $67.0M ($0.65 EPS) Q2 2023 and $85.7M ($0.80 EPS) Q3 2022.
Total deposits grew $100.3M to $23.68B; net interest margin 3.05% (down 4 bps QoQ).
Asset quality improved: net charge-offs $1.1M (0.02% annualized) vs $11.4M prior quarter.
CET1 ratio improved to 11.02% (up 26 bps); tangible book value $17.82 per share.
Board declared $0.47/share dividend payable Nov 16, 2023 to holders of record Nov 6.

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 0.95

FIRST INTERSTATE BANCSYSTEM INC reported the quarter ended September 30, 2023 results: net income $72.7 million, or $0.70 per share, EPS $0.70 per share.

Period: the quarter ended September 30, 2023
Net income: $72.7 million, or $0.70 per share
EPS: $0.70 per share
Result: reported results

Exact text from the filing

For the quarter, the Company reported net income of $72.7 million, or $0.70 per share, which compares to net income of $67.0 million, or $0.65 per share, for the second quarter of 2023, and net income of $85.7 million, or $0.80 per share, for the third quarter of 2022.

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Source: SEC EDGAR

accession 0000860413-23-000182

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