---
schema_version: "secwatch.filing_event.v1"
accession: "0000860413-24-000128"
form_type: "8-K"
ticker: "FIBK"
cik: "0000860413"
company_name: "FIRST INTERSTATE BANCSYSTEM INC"
filed_at: "2024-10-24T23:59:59+00:00"
generated_at: "2026-05-30T10:48:06.691499+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# First Interstate Q3 net income falls to $55.5M; NIM improves; appoints new CEO

## Summary
- Net income of $55.5M ($0.54 per share) in Q3 2024 vs $60.0M ($0.58) in Q2 2024 and $72.7M ($0.70) in Q3 2023.
- Net interest margin rose 4 bps QoQ to 3.01% (3.04% FTE); NII improved for second consecutive quarter.
- Net charge-offs of $27.4M (0.60% avg loans) including $22.1M from metro office portfolio; criticized loans down $14.7M.
- James A. Reuter appointed President and CEO effective November 1, 2024; Kevin P. Riley steps down.
- Dividend of $0.47 per share declared, payable Nov 14, 2024 to holders of record Nov 4, 2024 (6.3% annualized yield).

## SEC filing metadata
- accession: 0000860413-24-000128
- form_type: 8-K
- ticker: FIBK
- cik: 0000860413
- company_name: FIRST INTERSTATE BANCSYSTEM INC
- filed_at: 2024-10-24T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/860413/000086041324000128/0000860413-24-000128-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/860413/000086041324000128/fibk-20241024.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000860413-24-000128
- JSON: https://secwatch.observer/filing/0000860413-24-000128.json
- Plain text: https://secwatch.observer/filing/0000860413-24-000128.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.