secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2023-10-25T23:59:59+00:00
Accession:  0000860413-23-000182
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000182/0000860413-23-000182-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041323000182/fibk-20231025.htm
  HTML page:      https://secwatch.observer/filing/0000860413-23-000182

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