First Interstate Bancsystem - FIBK STOCK NEWS

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.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) reported strong financial results for Q4 2022, with net income of $85.8 million, or $0.82 per diluted share, up from $85.7 million in Q3 2022 and $51.1 million in Q4 2021. 2022's annual net income was $202.2 million, compared to $192.1 million in 2021. Despite acquisition costs related to Great Western Bancorp, loan growth was significant, with an 11.1% annualized increase in loans held for investment. However, the net interest margin decreased to 3.61%. The Company declared a dividend of $0.47 per share, yielding 4.4%. Looking ahead, management expects solid loan growth in 2023 amidst a more challenging economic environment.

First Interstate BancSystem (NASDAQ: FIBK) will announce its fourth quarter financial results on January 26, 2023, after market close. Investors can join a conference call on January 27, 2023, at 11 a.m. Eastern Time to discuss the results. The call will be accessible by phone and online at www.FIBK.com. First Interstate BancSystem, headquartered in Billings, Montana, manages $32 billion in assets as of September 30, 2022, delivering financial services across several states.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) reported a net income of $85.7 million, or $0.80 per share, for Q3 2022, marking a significant increase from $64.1 million in Q2 2022. The net interest margin improved to 3.71%, up 46 basis points from Q2 2022, driven by accelerated loan growth. However, the company faced an $8.4 million provision for credit losses and $24.2 million in realized losses from investment securities. A cash dividend of $0.47 per share was declared, reflecting a 14.6% increase. Despite challenges, loan growth and margins indicate a positive trajectory.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) has appointed Ashley Hayslip as Executive Vice President and Chief Banking Officer effective November 28, 2022. She will lead the retail and commercial banking teams and oversee wealth management and investment services. Kevin Riley, President and CEO, expressed confidence in Hayslip's experience, which includes significant roles at Umpqua Bank, Bank of the West, and Zions Bancorp. Hayslip's appointment follows the retirement announcement of Russell A. Lee, the outgoing Chief Banking Officer.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) will release its third quarter earnings on October 25, 2022, after market close. An investor conference call is set for October 26, 2022, at 11 a.m. Eastern. The conference call is accessible via telephone at 1-833-927-1758 or through the company's website. First Interstate BancSystem operates First Interstate Bank, with $32 billion in assets as of June 30, 2022, providing financial services across multiple states.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) reported a strong second quarter for 2022, with a net income of $64.1 million, or $0.59 per share, a notable recovery from a net loss of $33.4 million in Q1 2022. This increase was supported by a 33.7% rise in net interest income to $237.9 million and improved asset quality. The recently completed acquisition of Great Western Bancorp is expected to yield cost savings and enhance profitability. However, earnings were impacted by $45.8 million in acquisition costs.

First Interstate BancSystem, Inc. (NASDAQ: FIBK) will report its second quarter results on July 26, 2022, after the market closes. An investor conference call is scheduled for July 27 at 11 a.m. Eastern, where quarterly results will be discussed, including a Q&A session. The call is accessible by phone or online. With $33 billion in assets as of March 31, 2022, First Interstate is a leader in community banking across multiple states in the U.S. Further details can be found on their website.

First Interstate BancSystem, Inc. has successfully converted all Great Western Bank branches to operate as First Interstate Bank, expanding its reach to eight new states and bringing total branches to over 300. This strategic move enhances client service by providing additional products and digital tools. First Interstate also committed to community support, donating $21.5 million to its philanthropic foundation post-merger. With assets of $33 billion (as of March 31, 2022), First Interstate aims to reinforce its community banking leadership.