secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2024-04-24T23:59:59+00:00
Accession:  0000860413-24-000059
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Interstate Q1 net income $58.4M ($0.57 EPS); dividend $0.47
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- Net income $58.4M ($0.57 EPS) vs $61.5M ($0.59) in Q4'23 and $56.3M ($0.54) in Q1'23.
- Net interest margin 2.91% (down 8bp from Q4'23); total deposits down $513.1M (seasonal business, run-off of two higher-cost muni accounts).
- Non-performing assets up $61.6M, driven by one non-accrual C&I loan; criticized loans down $58.3M.
- Non-interest expense down $5.8M vs Q4'23 and $5.6M vs Q1'23.
- Dividend $0.47/share payable May 16 to holders of record May 6; yield 6.9% based on Q1 avg closing price.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041324000059/0000860413-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041324000059/fibk-20240424.htm
  HTML page:      https://secwatch.observer/filing/0000860413-24-000059

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