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First Interstate BancSystem Inc. - FIBK STOCK NEWS

Welcome to our dedicated news page for First Interstate BancSystem (Ticker: FIBK), a resource for investors and traders seeking the latest updates and insights on First Interstate BancSystem.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect First Interstate BancSystem's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of First Interstate BancSystem's position in the market.

Rhea-AI Summary
First Interstate BancSystem, Inc. reported a net income of $58.4 million for the first quarter of 2024, with a per-share earnings of $0.57. The company saw a decrease in criticized loans but an increase in non-performing assets. Net interest income decreased by $7.7 million, and the company recorded a provision for credit losses of $5.3 million. Non-interest income was $42.1 million, with a decrease from the previous quarter due to specific events. Non-interest expenses decreased by $5.8 million. The balance sheet showed a decrease in total assets. The company declared a dividend of $0.47 per share. Credit quality saw an increase in non-performing assets and a decrease in criticized loans. Various non-GAAP financial measures were used to evaluate performance.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.43%
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Rhea-AI Summary
First Interstate BancSystem, Inc. (NASDAQ: FIBK) will announce its first quarter results on April 24, 2024, followed by a conference call on April 25, 2024. Shareholders and analysts can join the call to discuss quarterly results and participate in a Q&A session.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.9%
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Rhea-AI Summary
First Interstate BancSystem, Inc. reported a decrease in net income for the fourth quarter of 2023 compared to the same period in 2022. The company also declared a dividend of $0.47 per common share, payable on February 19, 2024. However, the net interest income decreased, and non-performing assets increased significantly, impacting the credit quality.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.72%
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Rhea-AI Summary
First Interstate BancSystem, Inc. (NASDAQ: FIBK) will report Q4 results on January 30, 2024, with a conference call for investors scheduled for January 31, 2024. Shareholders and analysts can join via telephone or internet, with a Q&A session included.
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Rhea-AI Summary
First Interstate BancSystem, Inc. (NASDAQ: FIBK) has appointed Lori A. Meyer as Executive Vice President and Chief Information Officer. Meyer has been serving as interim CIO since the end of June and has demonstrated exceptional leadership, implementing significant changes and improvements in the IT infrastructure. She has been with the company since 1997 and has held various leadership roles. Meyer is a graduate of Montana State University Billings with a bachelor’s degree in psychology and has received recognition as a '40 Under 40' recipient by the Billings Gazette. She is Lean Six Sigma certified in process improvement/agile experience and is a graduate of the Bank Operations Institute in Dallas, Texas. Meyer is also an active community volunteer, regularly volunteering with Special Olympics.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
6.8%
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Rhea-AI Summary
First Interstate BancSystem, Inc. reports Q3 2023 financial results with net income of $72.7 million. Total deposits increased by $100.3 million. Net interest margin decreased to 3.05%. Asset quality improved with a decrease in criticized loans and non-performing assets. Dividend declared at $0.47 per share. Net interest income decreased by $4.7 million. Provision for credit losses reduced to $0.1 million. Non-interest income decreased by $2.1 million. Non-interest expense decreased by $2.8 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
8.65%
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Rhea-AI Summary
First Interstate BancSystem, Inc. (NASDAQ: FIBK) will report Q3 results on October 25, 2023, with a conference call for investors on October 26, 2023. Shareholders and analysts are invited to join the call to discuss quarterly results.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.35%
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Rhea-AI Summary
First Interstate BancSystem appoints Lorrie L. Asker as Executive VP and Chief Banking Officer
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.5%
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Rhea-AI Summary
First Interstate BancSystem, Inc. is increasing its sustainability efforts by subscribing to two community solar gardens in Iowa and Oregon. This move allows the company to offset a significant portion of its Scope 2 emissions and demonstrates its commitment to sustainability.
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Rhea-AI Sentiment
End-of-Day
-2.02%
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Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.02%
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First Interstate BancSystem Inc.

Nasdaq:FIBK

FIBK Rankings

FIBK Stock Data

2.57B
84.97M
13.44%
81.33%
2.62%
Commercial Banking
Finance and Insurance
Link
US
Billings

About FIBK

first interstate bank is an $8.5 billion community banking organization operating over 80 banking offices, along with online and mobile banking services, throughout montana, wyoming, and south dakota. a recognized leader in community banking services, first interstate is driven by strong family and corporate values, as well as a commitment to exemplary customer service, exceeding customer expectations through products and services, and supporting, with leadership and resources, the communities it serves.