secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2024-01-30T23:59:59+00:00
Accession:  0000860413-24-000003
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041324000003/0000860413-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041324000003/fibk-20240130.htm
  HTML page:      https://secwatch.observer/filing/0000860413-24-000003

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