earnings
confidence high
sentiment negative
materiality 0.75
First Interstate Q1 net income $50.2M ($0.49/sh) down from $0.57/sh YoY; NPAs surge 36%
FIRST INTERSTATE BANCSYSTEM INC
2025-Q1 EPS reported
$0.49
- Net income $50.2M ($0.49 diluted EPS) vs $52.1M ($0.50) in Q4 2024 and $58.4M ($0.57) in Q1 2024.
- Net interest margin improved to 3.19%, up 28 bps YoY and 1 bp QoQ; adjusted NIM (FTE) 3.14%.
- Non-performing assets jumped 36.3% QoQ to $198.4M; criticized loans rose $252.8M to $1.03B.
- Net charge-offs dropped to $9.0M from $55.2M in Q4 2024; deposits fell $282.8M.
- Declared $0.47/sh dividend payable May 22, 2025 to record May 12, 2025.