Welcome to our dedicated page for First Interstate Bancsystem news (Ticker: FIBK), a resource for investors and traders seeking the latest updates and insights on First Interstate Bancsystem stock.
First Interstate BancSystem Inc (FIBK) provides community-focused banking services across six Western states, blending digital innovation with personalized financial solutions. This news hub offers investors and stakeholders centralized access to official announcements and strategic developments.
Track earnings releases, regulatory updates, leadership changes, and operational milestones through verified press materials. Our curated collection simplifies monitoring of FIBK's financial performance, market expansions, and community initiatives while maintaining strict factual accuracy.
Key updates across core areas including commercial lending practices, digital banking enhancements, agricultural financing programs, and regional economic partnerships. Content spans quarterly results, merger activity disclosures, service innovations, and corporate responsibility reports.
Bookmark this page for direct access to First Interstate's latest communications, ensuring timely awareness of material developments affecting one of the West's prominent regional banking institutions.
First Interstate BancSystem, Inc. (NASDAQ: FIBK) announced its Q1 2023 financial results, reporting a net income of $56.3 million ($0.54 per share), a decline from $85.8 million ($0.82 per share) in Q4 2022 and a recovery from a net loss of $33.4 million ($0.36 per share) in Q1 2022. Key metrics include a net interest margin of 3.36%, down 25 basis points from Q4 2022, and a decrease in net interest income by 7.5% to $238.9 million. Total loans held for investment rose by $146.5 million, reflecting strong growth in commercial loans. Despite facing a $23.4 million loss on investment securities, the company declared a dividend of $0.47 per share, equivalent to a 5.3% annual yield. The credit loss provision was $15.2 million, indicating management's cautious approach amid a fluctuating economic landscape.
First Interstate BancSystem, Inc. (NASDAQ: FIBK) will release its first quarter results after the market closes on April 26, 2023. Following this, an investor conference call is scheduled for April 27, 2023, at 11 a.m. Eastern to discuss the quarterly results, which will include a question-and-answer session. Interested parties can join the call by dialing 1-833-470-1428 or via the Internet at www.FIBK.com. A replay will be available approximately one hour after the call ends. As of December 31, 2022, First Interstate BancSystem reported $32 billion in assets, serving a broad community across multiple states.
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