secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2024-07-25T23:59:59+00:00
Accession:  0000860413-24-000111
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Interstate Q2 net income $60.0M ($0.58 EPS); NIM expands to 2.97%
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- Net income $60.0M vs $58.4M Q1 2024 and $67.0M Q2 2023; diluted EPS $0.58.
- Net interest margin improved 6 bps to 2.97% (FTE 3.00%); loans held for investment up $32.2M.
- Non-performing assets decreased $14.5M; criticized loans down $12.0M from Q1.
- Total deposits grew $60.7M; non-interest expense declined $3.3M sequentially.
- Board declared $0.47 dividend payable Aug. 15, 2024 (7.1% annualized yield on Q2 avg price).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041324000111/0000860413-24-000111-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041324000111/fibk-20240725.htm
  HTML page:      https://secwatch.observer/filing/0000860413-24-000111

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