First Interstate BancSystem (FIBK) Misses Q3 EPS by 7c

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Go back to First Interstate BancSystem (FIBK) Misses Q3 EPS by 7c

First Interstate BancSystem, Inc. Reports Improved Core Earnings and Strong Loan Growth

October 26, 2015 4:45 PM EDT

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NASDAQ: FIBK) reports third quarter 2015 net income of $20.2 million, or $0.44 per share. This compares to net income of $22.2 million, or $0.49 per share, during second quarter 2015, and $19.2 million, or $0.42 per share, during third quarter 2014. During third quarter 2015, the Company recorded non-core expenses of $5.6 million, including $5.0 million of legal and settlement expenses and $566 thousand of acquisition costs. Exclusive of non-core expenses, third quarter 2015 core net income was $23.6 million, or $0.52 per share, as compared to $22.2 million, or $0.49 per share, during second quarter 2015, and $22.3 million, or $0.49 per share, during third quarter 2014.

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