First Interstate Q1 net income $60.2M ($0.61 EPS); NIM expands to 3.41%; share repurchase $84M

FIRST INTERSTATE BANCSYSTEM INC

2026-Q1 EPS reported $0.61 vs consensus $0.63 ▼ miss (-2.8%)

Net income $60.2M ($0.61 diluted EPS) vs $108.8M ($1.08) in Q4 2025, which included $62.7M branch sale gain; YoY up from $50.2M ($0.49).
Net interest margin 3.41%, up 5 bps QoQ and 22 bps YoY; net interest income $200.7M.
Net charge-offs fell to $2.4M (0.06% annualized) from $22.1M (0.56%) in Q4 2025.
Repurchased 2.39M shares for ~$84M in Q1; board authorized additional $150M (total $300M).
Non-performing assets rose 17.5% to $162.5M; criticized loans down $18.6M to $1.03B.

item 2.02 item 7.01 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.99

FIRST INTERSTATE BANCSYSTEM INC reported the first quarter of 2026 results: net income net income of $60.2 million, EPS $0.61 per diluted share.

Period: the first quarter of 2026
Net income: net income of $60.2 million
EPS: $0.61 per diluted share
Result: reported results

Exact text from the filing

For the quarter, the Company reported net income of $60.2 million, or $0.61 per diluted share, which compares to net income of $108.8 million, or $1.08 per diluted share, for the fourth quarter of 2025 and net income of $50.2 million, or $0.49 per diluted share, for the first quarter of 2025.

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Source: SEC EDGAR

accession 0000860413-26-000034

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