{"schema_version":"secwatch.filing_event.v1","accession":"0000860413-25-000003","form_type":"8-K","ticker":"FIBK","cik":"0000860413","company_name":"FIRST INTERSTATE BANCSYSTEM INC","filed_at":"2025-01-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:06.532118+00:00","generated_at":"2026-05-28T05:59:57.832766+00:00","sec_items":["2.02","2.06","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"First Interstate expects $49.3M partial charge-off on C&I loan; offset by $22.2M ag loan payoff","bullets":["Partial charge-off of ~$49.3M on a single C&I loan with $62.8M outstanding; $26.5M specific reserve held at Sept 30, 2024.","Borrower failed to perform under forbearance; receiver appointed Jan 6; asset sale expected to close Jan 2025.","Expected proceeds from sale ~$13.5M, leaving $13.5M remaining exposure on the loan.","Offset by payoff of $22.2M non-performing agricultural loan in Q4 2024 with no loss expected.","Company anticipates non-performing loans to decline in Q4 2024 despite the charge-off."],"urls":{"canonical":"https://secwatch.observer/filing/0000860413-25-000003","json":"https://secwatch.observer/filing/0000860413-25-000003.json","markdown":"https://secwatch.observer/filing/0000860413-25-000003.md","text":"https://secwatch.observer/filing/0000860413-25-000003.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/860413/000086041325000003/0000860413-25-000003-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/860413/000086041325000003/fibk-20250103.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-28T05:59:57.832766+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"c04045ae27478ef54a365f0375f7093c58e1df5e","claim":"FIRST INTERSTATE BANCSYSTEM INC announced a impairment with charges of approximately $49.3 million affecting single commercial and industrial loan relationship.","evidence_excerpt":"management of First Interstate BancSystem, Inc. (the “Company”) and its wholly owned subsidiary First Interstate Bank (the “Bank”) determined that the Company expects to recognize a material, partial charge-off of approximately $49.3 million for the quarter ended December 31, 2024 related to a single commercial and industrial loan relationship","evidence_source":"SEC 8-K Item 2.05/2.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/860413/000086041325000003/0000860413-25-000003-index.htm","confidence":0.9,"family_label":"Restructurings & Charges","details":[{"label":"Type","value":"impairment"},{"label":"Charge","value":"approximately $49.3 million"},{"label":"Affected area","value":"single commercial and industrial loan relationship"}],"fact_type":"restructuring_charge"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}