Profile
Sector:
Financial ServicesIndustry:
Banks - RegionalCountry:
United StatesIPO:
24 March 2010Website:
http://www.fibk.comNext earnings report:
30 January 2025Last dividends:
05 August 2024Next dividends:
04 November 2024Price
pre-market | 26 min agoAnalysts recommendations
Institutional Ownership
FIBK Latest News
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.
First Interstate BancSystem (FIBK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
First Interstate BancSystem, Inc. has seen some recent insider buying and also offers an over 6.2% dividend yield. The bank's loan book appears in decent shape with manageable exposure to the challenged commercial real estate sector. An analysis around this high yielding bank stock follows in the paragraphs below.
Valuation not expensive, but caution advised due to heavy reliance on CRE loans and potential economic slowdown. Loan portfolio growth stagnant, management shifting strategy towards reducing debt and leveraging. High dividend yield of 6.63% may be attractive, but concerns about sustainability due to exposure to CRE loans and slow growth.
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) announced today the upcoming retirement of President and Chief Executive Officer Kevin P. Riley and has initiated a search for his successor. Riley will continue to serve in his role as President and CEO until a successor is appointed. Riley joined First Interstate in 2013 as Executive Vice President and the Chief Financial Officer before becoming President and CEO in 2015. “.
After reaching an important support level, First Interstate BancSystem, Inc. (FIBK) could be a good stock pick from a technical perspective. FIBK recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
- 1(current)
What type of business is First Interstate BancSystem?
First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, other operational, and specialized staff support services, as well as online and mobile banking services. The company serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, governmental services, healthcare, hospitality, housing, professional services, real estate development, retail, technology, tourism, and wholesale trade. First Interstate BancSystem, Inc. was incorporated in 1971 and is headquartered in Billings, Montana.
What sector is First Interstate BancSystem in?
First Interstate BancSystem is in the Financial Services sector
What industry is First Interstate BancSystem in?
First Interstate BancSystem is in the Banks - Regional industry
What country is First Interstate BancSystem from?
First Interstate BancSystem is headquartered in United States
When did First Interstate BancSystem go public?
First Interstate BancSystem initial public offering (IPO) was on 24 March 2010
What is First Interstate BancSystem website?
https://www.fibk.com
Is First Interstate BancSystem in the S&P 500?
No, First Interstate BancSystem is not included in the S&P 500 index
Is First Interstate BancSystem in the NASDAQ 100?
No, First Interstate BancSystem is not included in the NASDAQ 100 index
Is First Interstate BancSystem in the Dow Jones?
No, First Interstate BancSystem is not included in the Dow Jones index
When was First Interstate BancSystem the previous earnings report?
No data
When does First Interstate BancSystem earnings report?
The next expected earnings date for First Interstate BancSystem is 30 January 2025