First Interstate BancSystem, Inc. Reports Second Quarter Earnings
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First Interstate BancSystem (FIBK) Reports In-Line Q2 EPS
July 25, 2018 4:40 PM EDTFirst Interstate BancSystem (NASDAQ: FIBK) reported Q2 EPS of $0.74, in-line with the analyst estimate of $0.74.
HIGHLIGHTS
Net income of $41.7 million, a 13.6% increase from the first quarter of 2018, and a 91.3% increase from the same period in the prior year. Exclusive of acquisition costs in the first quarter of 2018 and in the second quarter of 2017, net income increased $3.4 million, or 8.9%, and $13.3 million, or 46.8%, respectively.Net interest margin ratio increased to 3.87% during the second quarter of 2018, a 12 basis point increase from the prior quarter and reflects a 27 basis point increase from the same... More