First Interstate BancSystem (FIBK) Raises Quarterly Dividend 7.9% to $0.41; 4.1% Yield
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First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings and Announces 7.9% Increase in Quarterly Cash Dividend
January 28, 2021 4:16 PM ESTBILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the fourth quarter of 2020. For the quarter, the Company reported net income of $46.9 million, or $0.76 per share, which compares to net income of $48.3 million, or $0.76 per share, for the third quarter of 2020, and $52.4 million, or $0.80 per share, for the fourth quarter of 2019.
The fourth quarter of 2019 included acquisition costs of $0.7 million related to the acquisitions of Idaho Independent Bank (IIBK) and Community 1st Bank (CMYF), both of which were acquired on April 8, 2019. The acquisition costs negatively... More
