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 reported a net income of $51.1 million or $0.83 per share for Q4 2021, up from $47.1 million in Q3 2021. The full-year income was $192.1 million, or $3.12 per share, a significant increase from $161.2 million in 2020. The fourth-quarter results included $5.0 million in pre-tax acquisition costs tied to the pending acquisition of Great Western Bancorp, affecting earnings by $0.06 per share. Total deposits rose by $262.3 million (1.6%) to $16.27 billion, with improved asset quality and a strong economic outlook.
First Interstate BancSystem Inc. (NASDAQ: FIBK) announced major changes to its consumer overdraft practices to enhance customer support. Starting April 1, the company will eliminate non-sufficient funds fees and reduce overdraft fees by 67%, from $30 to $10. Additionally, it will limit daily overdraft charges to four and provide a grace amount of $50 before fees apply. Clients making purchases under $5 will incur no overdraft charges. These measures aim to give clients financial flexibility and set a positive example in the banking industry.
First Interstate BancSystem (NASDAQ: FIBK) and Great Western Bancorp (NYSE: GWB) have received all necessary regulatory clearances and shareholder approvals for their merger. The transaction is set to combine both banks, operating under the First Interstate BancSystem name, with headquarters in Billings, Montana. The merger aims to establish a diversified banking franchise with over 300 branches across 14 states and assets exceeding $32 billion. The merger is expected to complete by February 1, 2022, with client account conversions anticipated in May 2022.
Great Western Bancorp, Inc. (NYSE:GWB) announced that it will release its financial results for the quarter ending December 31, 2021, on January 27, 2022. This release coincides with the earnings conference call of First Interstate BancSystem, Inc. (NASDAQ:FIBK) on January 28, 2022. Notably, GWB will not conduct its own earnings call this quarter. The financial results and accompanying slide presentation will be accessible on the Company's Investor Relations website.
First Interstate BancSystem, Inc. (NASDAQ: FIBK) will release its fourth quarter results on January 27, 2022, after market close. A conference call is set for January 28, 2022, at 11 a.m. Eastern to discuss these results. Participants can access the call via phone or the internet. The company, based in Billings, Montana, controls assets worth $19.3 billion as of September 30, 2021. More information is available on their website.
First Interstate BancSystem (FIBK) and Great Western Bancorp (GWB) have received regulatory approvals for their proposed merger, expected to close in February 2022. The merger will create a community-focused banking franchise with over 300 branches across 14 states and combined assets exceeding $32 billion. FIBK aims to expand its model into eight new states. Shareholders will vote on the merger on January 19, 2022. The combined entity will operate under the First Interstate name and maintain headquarters in Billings, Montana.
The Board of Directors of Great Western Bancorp (NYSE: GWB) has declared a quarterly cash dividend of
Great Western Bancorp reported a net income of $51.9 million, or $0.93 per diluted share, for the quarter ending September 30, 2021, down from $58.7 million, or $1.06 per share in the previous quarter. Net interest income fell to $95.1 million, a decrease from $99.1 million. The total loans decreased by $292.7 million to $8.19 billion, while total deposits declined $227.3 million to $11.31 billion. A pending merger with First Interstate Bancorp is expected to close in Q1 2022.
First Interstate BancSystem, Inc. (NASDAQ: FIBK) reported a net income of $47.1 million or $0.76 per share for Q3 2021, up from $42.5 million in Q2 2021. The result includes $6.6 million in pre-tax costs for the pending acquisition of Great Western Bancorp. Loans held for investment decreased by $212.2 million or 2.2%, affected by a 48.6% drop in PPP loans. Deposits increased to $16 billion, up 2.8%. Non-interest income rose 12.5% to $39.7 million, driven by mortgage banking and payment services. A dividend of $0.41 per share was declared, yielding an annualized 3.9%.
Great Western Bancorp, Inc. (NYSE:GWB) announced it will release financial results for the quarter ending September 30, 2021 on October 26, 2021. This date aligns with the earnings release of First Interstate BancSystem, Inc. (NASDAQ:FIBK) on October 27, 2021. Notably, the company will not conduct an earnings conference call this quarter. The earnings press release and supplemental slide presentation will be available on the Investor Relations website.
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