earnings
confidence high
sentiment positive
materiality 0.75
First Interstate Q2 net income $83.9M ($0.87 EPS), up from $0.61 Q1; NIM expands to 3.45%
FIRST INTERSTATE BANCSYSTEM INC
- Net income $83.9M ($0.87 diluted EPS) vs $60.2M ($0.61) in Q1 2026 and $71.7M ($0.69) in Q2 2025.
- Net interest margin 3.45%, up 4bp QoQ and 15bp YoY; adjusted NIM (ex-accretion) 3.42%.
- Completed sale of 11 Nebraska branches with $19.5M gain; deposits down $441.7M (2%) QoQ.
- Repurchased 1.93M shares for $68.7M in Q2; board authorized additional $150M repurchase (total $450M).
- Criticized loans down $95.8M to $937.4M; net charge-offs $9.7M (0.27% annualized) vs $2.4M (0.06%) prior Q.