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. (NASDAQ: FIBK) is a financial and bank holding company headquartered in Billings, Montana and focused on community banking. Through its subsidiary, First Interstate Bank, the company operates banking offices across multiple western and midwestern states and offers online and mobile banking services. This news page aggregates coverage of the company’s announcements, earnings releases, and other material developments.
Investors following FIBK news will see regular updates on quarterly financial results, including net interest income, net interest margin, noninterest income, noninterest expense, credit quality metrics, and capital ratios. Earnings releases also discuss trends in deposits, loans, and funding sources, as well as commentary from management on strategic priorities such as organic growth, relationship banking, expense management, and balance sheet positioning.
News items for First Interstate BancSystem also include announcements about capital management, such as subordinated note offerings, redemptions of existing subordinated notes, and the adoption of a stock repurchase program authorizing repurchases of common shares within a defined limit and time frame. In addition, the company reports on branch transactions, including the completed sale of twelve branches in Arizona and Kansas to Enterprise Bank & Trust and the purchase and assumption agreement under which Security First Bank agreed to acquire eleven Nebraska branches, subject to regulatory approval.
Governance and leadership developments are another key category of FIBK news. Form 8-K filings and related releases describe changes in the composition of the board of directors, committee assignments, and senior management roles, including the Chief Banking Officer structure and executive transition arrangements. For a comprehensive view of these topics, readers can use this page to monitor new press releases and regulatory disclosures related to First Interstate BancSystem, Inc.
First Interstate BancSystem, Inc. (NASDAQ: FIBK) will release its fourth quarter results on January 28, 2021, after market close. An investor conference call is scheduled for January 29, 2021, at 11 a.m. Eastern, where the company will discuss quarterly and year-end results, followed by a Q&A session. Interested participants can join via telephone or the Internet. First Interstate BancSystem, headquartered in Billings, Montana, is a leading community bank with $17 billion in assets as of September 30, 2020, operating across several states.
First Interstate BancSystem (NASDAQ: FIBK) announced its Q3 2020 financial results, reporting a net income of $48.3 million, or $0.76 per share, up from $36.7 million in Q2 2020. The tangible book value per share rose to $20.19. The board declared an 11.8% increase in quarterly dividends to $0.38 per share, payable on November 16, 2020. Loans held for investment grew by $119.7 million, and total deposits increased by $542 million. Non-interest income surged 12.6% to $44.7 million. While credit quality improved, net interest income decreased by 2.0% year-over-year.
First Interstate BancSystem, Inc. (NASDAQ: FIBK) will release its third quarter financial results on October 26, 2020, after market close. An investor conference call will be held on October 27, 2020, at 11 a.m. Eastern Time to discuss these results, followed by a Q&A session. Interested parties can join via phone or the company's website. First Interstate BancSystem, headquartered in Billings, Montana, manages assets worth $16.4 billion as of June 30, 2020, and provides banking services across the Northwest region of the United States.