secwatch.observer — SEC 8-K summary
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Issuer:     FIRST INTERSTATE BANCSYSTEM INC (FIBK)
CIK:        0000860413
Form:       8-K
Filed at:   2025-04-29T23:59:59+00:00
Accession:  0000860413-25-000057
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Interstate Q1 net income $50.2M ($0.49/sh) down from $0.57/sh YoY; NPAs surge 36%
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000057/0000860413-25-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/860413/000086041325000057/fibk-20250429.htm
  HTML page:      https://secwatch.observer/filing/0000860413-25-000057

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