First Interstate Q4 net income $61.5M ($0.59/sh), down from Q3; FDIC assessment $10.5M

FIRST INTERSTATE BANCSYSTEM INC

2023-FY EPS reported $2.48

Net income $61.5M ($0.59 EPS) vs Q3 $72.7M ($0.70) and Q4 2022 $85.8M ($0.82).
Net interest margin fell to 2.99% (FTE 3.01%), down 6 bps from Q3.
FDIC special assessment of $10.5M pre-tax in Q4; NPAs increased $31.6M.
Repurchased 1.0M shares at $32.14 from estate; book value per share $31.05.
Declared dividend $0.47/sh, payable Feb 19 to holders of record Feb 9.

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 0.98

FIRST INTERSTATE BANCSYSTEM INC reported quarter ended December 31, 2023 results: net income 61.5 million, EPS 0.59.

Period: quarter ended December 31, 2023
Net income: 61.5 million
EPS: 0.59
Result: reported results

Exact text from the filing

For the quarter, the Company reported net income of $61.5 million, or $0.59 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 0000860413-24-000003

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