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First Interstate BancSystem Inc
NASDAQ:FIBK

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First Interstate BancSystem Inc
NASDAQ:FIBK
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Price: 26.97 USD -0.95% Market Closed
Market Cap: 2.8B USD

First Interstate BancSystem Inc
Investor Relations

First Interstate BancSystem Inc. has its roots deep in the American heartland, emerging as a prominent player in the regional banking scene. Headquartered in Billings, Montana, the bank's journey began as a small-town bank and has gradually expanded its footprint across the Midwest and Western United States. The bank operates more than 300 branches, serving a diverse clientele that ranges from individual consumers to large businesses. What differentiates First Interstate is its focus on community banking—an approach that blends personalized customer service with a broad array of financial products. By emphasizing local decision-making paired with strategic growth through acquisitions, the company has established a sturdy reputation in the banking sector.

The engine behind First Interstate's revenue comes from serving the needs of individuals and businesses with a wide spectrum of financial services. From traditional offerings like checking and savings accounts to more complex products like commercial loans and wealth management services, the bank generates income primarily through interest on loans and fees associated with its services. Interest income forms the backbone of its revenue, reflecting the bank’s robustness in managing a healthy balance between deposits and loans. Through this fine-tuned model, First Interstate BancSystem Inc. not only forges strong community ties but also capitalizes on the intersection of personalized banking and expansive regional growth, ensuring its profitability and resilience amidst evolving economic landscapes.

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Earnings Calls

2025 Q1
Apr 30, 2025
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First Interstate Bank Shows Stable Income with Strategic Changes Ahead
2025 Q1
Apr 30, 2025

In the first quarter, First Interstate Bank reported a net income of $50.2 million, slightly down from $52.1 million in the prior quarter. The net interest margin improved to 3.22%. The bank saw a $467.6 million decline in loan balances and a seasonal drop in deposits of $282.8 million. Importantly, they plan to sell 12 branches, projected to enhance capital by 30-40 basis points. For 2025, they expect net interest income growth between 3.5% and 5.5%, with margins anticipated to rise to 3.4%-3.5% by Q4. A dividend of $0.47 per share remains a priority, yielding 6.1%.

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Management

Ms. Marcy D. Mutch CPA
Executive VP & CFO
No Bio Available
Ms. Kristina R. Robbins
Executive VP & COO
No Bio Available
Mr. Kirk D. Jensen Esq.
Executive VP, General Counsel & Corporate Secretary
No Bio Available
Ms. Lorrie F. Asker
Executive VP & Chief Banking Officer
No Bio Available
Mr. James A. Reuter
President & CEO
No Bio Available
Ms. Lori A. Meyer
Executive VP & Chief Information Officer
No Bio Available
Sara Becker
Director of Marketing and Communications
No Bio Available
Ms. Rachel B. Turitto
Executive VP & Chief Human Resources Officer
No Bio Available
Mr. Michael Lugli
Chief Credit Officer
No Bio Available
Ms. Karlyn M. Knieriem
Executive VP & Chief Risk Officer
No Bio Available

Contacts

Address
MONTANA
Billings
P O Box 30918, 401 No 31st Street
Contacts
+14062555000.0
www.fibk.com