earnings
confidence high
sentiment neutral
materiality 0.65
First Interstate Q4 net income $52.1M ($0.50 EPS), down 15% YoY; NIM rises 17 bps
FIRST INTERSTATE BANCSYSTEM INC
2024-FY EPS reported
$2.19
- Net income $52.1M ($0.50 diluted EPS) vs $55.5M in Q3 and $61.5M in Q4 2023.
- Net interest margin improved to 3.18% (FTE 3.20%), up 17 bps from prior quarter.
- Non-performing assets fell 18.6% to $145.6M; criticized loans rose $170M to $773.3M.
- Net charge-offs $55.2M (1.22% of avg loans) including $49.3M C&I loan; remaining portfolio 0.13%.
- Board declared $0.47/share dividend, payable Feb 20, 2025 to holders of record Feb 10, 2025.