First Interstate BancSystem (FIBK) Misses Q4 EPS by 4c

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Go back to First Interstate BancSystem (FIBK) Misses Q4 EPS by 4c

First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings and Announces 16.7% Increase in Quarterly Cash Dividend to $0.28 Per Share

January 30, 2018 4:54 PM EST

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NASDAQ: FIBK) reports fourth quarter 2017 net income of $34.3 million, or $0.61 per share. This compares to net income of $27.3 million, or $0.48 per share, during the third quarter of 2017, and $24.8 million, or $0.55 per share, during the fourth quarter of 2016.

For the year ending December 31, 2017, the Company reports net income of $106.5 million, or $2.05 per share, compared to $95.6 million, or $2.13 per share, in 2016, which includes acquisition costs of $27.2 million and $2.8 million, respectively.

HIGHLIGHTS

Fourth quarter loan growth of $62.2 million, or 3.3% annualized. The... More