First Interstate BancSystem (FIBK) Raises Quarterly Dividend 9.7% to $0.34; 3.6% Yield

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Go back to First Interstate BancSystem (FIBK) Raises Quarterly Dividend 9.7% to $0.34; 3.6% Yield

First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings and Announces 9.7% Increase in Quarterly Cash Dividend to $0.34 Per Share

January 29, 2020 4:47 PM EST

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the fourth quarter of 2019. For the quarter, the Company reported net income of $52.4 million, or $0.80 per share, which compares to net income of $49.1 million, or $0.76 per share, for the third quarter of 2019, and $40.4 million, or $0.67 per share, for the fourth quarter of 2018.

The third and fourth quarter of 2019 earnings included acquisition costs related to the acquisitions of Idaho Independent Bank (IIBK) and Community First Bank (CMYF), both acquired on April 8, 2019. The fourth quarter of 2018 earnings included acquisition... More