First Interstate BancSystem Stock Earnings Reports
First Interstate BancSystem Earnings Calls
Release date | Apr 29, 2025 |
EPS estimate | $0.560 |
EPS actual | - |
Revenue estimate | 254.592M |
Revenue actual | - |
Expected change | +/- 2.82% |
Release date | Jan 29, 2025 |
EPS estimate | $0.490 |
EPS actual | $0.500 |
EPS Surprise | 2.04% |
Revenue estimate | 253.496M |
Revenue actual | 47M |
Revenue Surprise | -81.46% |
Release date | Oct 24, 2024 |
EPS estimate | $0.580 |
EPS actual | $0.540 |
EPS Surprise | -6.90% |
Revenue estimate | 251.242M |
Revenue actual | 251.9M |
Revenue Surprise | 0.262% |
Release date | Jul 25, 2024 |
EPS estimate | $0.550 |
EPS actual | $0.580 |
EPS Surprise | 5.45% |
Revenue estimate | 251.19M |
Revenue actual | 364.6M |
Revenue Surprise | 45.15% |
Last 4 Quarters for First Interstate BancSystem
Below you can see how FIBK performed 4 days prior and 4 days after releasing the earnings report. Also, you can see the pre-estimates and the actual earnings. This information can give you a slight idea of what you might expect for the next quarter's release.
Release date | Jul 25, 2024 |
Fiscal end date | Jun 30, 2024 |
Price on release | $32.15 |
EPS estimate | $0.550 |
EPS actual | $0.580 |
EPS surprise | 5.45% |
Date | Price |
---|---|
Jul 19, 2024 | $31.16 |
Jul 22, 2024 | $31.57 |
Jul 23, 2024 | $32.31 |
Jul 24, 2024 | $31.60 |
Jul 25, 2024 | $32.15 |
Jul 26, 2024 | $32.35 |
Jul 29, 2024 | $31.29 |
Jul 30, 2024 | $31.79 |
Jul 31, 2024 | $31.57 |
4 days before | 3.18% |
4 days after | -1.80% |
On release day | 0.622% |
Change in period | 1.32% |
Release date | Oct 24, 2024 |
Fiscal end date | Sep 30, 2024 |
Price on release | $32.01 |
EPS estimate | $0.580 |
EPS actual | $0.540 |
EPS surprise | -6.90% |
Date | Price |
---|---|
Oct 18, 2024 | $32.22 |
Oct 21, 2024 | $31.25 |
Oct 22, 2024 | $31.60 |
Oct 23, 2024 | $31.96 |
Oct 24, 2024 | $32.01 |
Oct 25, 2024 | $30.95 |
Oct 28, 2024 | $31.75 |
Oct 29, 2024 | $31.42 |
Oct 30, 2024 | $31.61 |
4 days before | -0.652% |
4 days after | -1.25% |
On release day | -3.31% |
Change in period | -1.89% |
Release date | Jan 29, 2025 |
Fiscal end date | Dec 31, 2024 |
Price on release | $32.86 |
EPS estimate | $0.490 |
EPS actual | $0.500 |
EPS surprise | 2.04% |
Date | Price |
---|---|
Jan 23, 2025 | $32.62 |
Jan 24, 2025 | $32.59 |
Jan 27, 2025 | $33.30 |
Jan 28, 2025 | $33.24 |
Jan 29, 2025 | $32.86 |
Jan 30, 2025 | $33.50 |
Jan 31, 2025 | $32.95 |
Feb 03, 2025 | $31.75 |
Feb 04, 2025 | $32.44 |
4 days before | 0.736% |
4 days after | -1.28% |
On release day | 1.95% |
Change in period | -0.552% |
Release date | Apr 29, 2025 |
Fiscal end date | Mar 30, 2025 |
Price on release | - |
EPS estimate | $0.560 |
EPS actual | - |
Date | Price |
---|---|
Apr 11, 2025 | $24.33 |
Apr 14, 2025 | $24.75 |
Apr 15, 2025 | $25.79 |
Apr 16, 2025 | $26.00 |
Apr 17, 2025 | $25.99 |
First Interstate BancSystem Earnings Call Transcript Summary of Q4 2024
First Interstate BancSystem Inc. Overall Financial Performance:
- Net Income: Reported net income was $52.1 million or $0.50 per share, down from $55.5 million or $0.54 per share in the previous quarter.
- Deposits: Increased by $151.5 million in Q4, thanks to improved deposit campaigns and a focus on low-cost deposits.
- Loan Balances: Loans declined by $182.2 million primarily across commercial real estate, resulting in a loan-to-deposit ratio of 77.5%.
Interest Margins:
- Net Interest Margin: Increased to 3.2%, with ongoing asset repricing anticipated in 2025. Excluding purchase accounting, the margin was 3.08%.
- Expectations: Continued margin expansion expected as the bank benefits from lagging deposit rates relative to interest rate cuts.
Credit Quality:
- Criticized Assets: Increased, particularly in commercial real estate, with four loans representing 90% of the increase.
- Provision for Loan Losses: Provision expense of $33.7 million, reflecting charge-offs from non-performing loans.
- Outlook for Charge-Offs: Anticipate net charge-offs of 20-30 basis points in 2025.
Strategic Focus Going Forward:
- Shift in Lending Strategy: The company will discontinue originations in indirect lending (affecting about 4% of loan balances) to prioritize relationship banking and organic growth.
- Organic Growth Emphasis: Management plans to slow M&A activity and focus on improving the deposit base and loan relationships.
Dividend Declaration:
A dividend of $0.47 per share was declared, resulting in a yield of 5.8%.
2025 Guidance:
- Deposits: Expected growth in low-single digits, with more substantial growth anticipated in the second half of the year.
- Loan Growth: Modest growth expected, primarily in the latter half, while some decline may occur in the first half due to loan payoffs.
- Non-Interest Income: Anticipated modest year-over-year increases, driven by treasury management and card products.
Capital Position:
The common equity Tier 1 capital ratio was 12.16% at year-end. Management reassures that capital allocation decisions will focus on maximizing shareholder returns.
Management Outlook:
CEO Jim Reuter emphasized confidence in the bank’s strategic priorities and community-driven approach, highlighting the strength of relationships and potential to unlock value.
Conclusion:
The call conveyed optimism regarding First Interstate BancSystem's strategic shift towards relationship banking, organic growth, and improved credit quality while managing credit risk. Investors should monitor the bank's progress on its initiatives, credit quality metrics, and its ability to maintain margins in a changing interest rate environment.