First Interstate BancSystem, Inc. (NASDAQ:FIBK ) Q4 2024 Earnings Conference Call January 30, 2025 11:00 AM ET Company Participants Nancy Vermeulen - Financial Communications & Analyst Manager Jim Reuter - CEO Marcy Mutch - CFO David Della Camera - Deputy CFO Conference Call Participants Matthew Clark - Piper Sandler Jeff Rulis - D.A. Davidson Andrew Terrell - Stephens, Inc. Chris McGratty - KBW Samuel Varga - UBS Timur Braziler - Wells Fargo Operator Good morning, ladies and gentlemen, and welcome to the First Interstate BancSystem Inc. Fourth Quarter Earnings Conference Call.
First Interstate BancSystem (FIBK) came out with quarterly earnings of $0.50 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.67 per share a year ago.
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the fourth quarter of 2024. For the quarter, the Company reported net income of $52.1 million, or $0.50 per diluted share, which compares to net income of $55.5 million, or $0.54 per diluted share, for the third quarter of 2024 and net income of $61.5 million, or $0.59 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the.
First Interstate: High Yield At A Great Price
The upcoming maturity of borrowings will help lift the net interest margin. The margin will likely be the biggest earnings catalyst for 2025. As the margin is inversely proportional to interest rate changes, it will benefit from a falling interest rate environment. FIBK is offering an attractive dividend yield of 5.9%. However, the implied payout ratio for 2025 is quite high, at 74%.
First Interstate BancSystem, Inc. (NASDAQ:FIBK ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Nancy Vermeulen – Financial Communications and Analyst Manager Kevin Riley – Chief Executive Officer Marcy Mutch – Chief Financial Officer Conference Call Participants Matthew Clark – Piper Sandler Andrew Terrell – Stephens Jared Shaw – Barclays Tim Coffey – Janney Timur Braziler – Wells Fargo Nick Moutafakis – KBW Operator Good morning, everyone, and welcome to the First Interstate BancSystem Third Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.
The headline numbers for First Interstate BancSystem (FIBK) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
First Interstate BancSystem (FIBK) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.70 per share a year ago.
First Interstate BancSystem (FIBK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate or the “Company”) announced today the appointment of James (Jim) A. Reuter as President and Chief Executive Officer, effective November 1, 2024, replacing Kevin P. Riley, whose retirement was announced earlier this year. “After a thorough and comprehensive search, the Board of Directors is thrilled to welcome Jim to First Interstate,” said Stephen B. Bowman, First Interstate's Board Chair. “Hav.