First Interstate BancSystem (FIBK) Raises Quarterly Dividend 10% to $0.22; 3.4% Yield

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Go back to First Interstate BancSystem (FIBK) Raises Quarterly Dividend 10% to $0.22; 3.4% Yield

First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings; Increases Dividend by 10%; Sets Annual Meeting Date

January 27, 2016 4:30 PM EST

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NASDAQ: FIBK) reports fourth quarter 2015 net income of $23.4 million, or $0.51 per share, a 16% increase over third quarter 2015 net income of $20.2 million, or $0.44 per share. Exclusive of non-core acquisition and litigation expenses and net investment securities gains, the Company's fourth quarter 2015 core net income was $23.5 million, or $0.52 per share, as compared to core net income of $23.6 million, or $0.52 per share, for third quarter 2015.

For the year ended December 31, 2015, the Company reports net income of $86.8 million, or $1.90 per share, compared to $84.4 million, or $1.87 per share in 2014. During... More