First Interstate BancSystem (FIBK) Misses Q3 EPS by 10c

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Go back to First Interstate BancSystem (FIBK) Misses Q3 EPS by 10c

First Interstate BancSystem, Inc. Reports Third Quarter Earnings and Announces a 14.6% Increase in the Quarterly Cash Dividend to $0.47 per Share

October 25, 2022 4:10 PM EDT

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the third quarter of 2022. For the quarter, the Company reported net income of $85.7 million, or $0.80 per share, which compares to net income of $64.1 million, or $0.59 per share, for the second quarter of 2022, and net income of $47.1 million, or $0.76 per share, for the third quarter of 2021.

Earnings include pre-tax acquisition costs of $4.0 million, $45.8 million, and $6.6 million for the third quarter of 2022, the second quarter of 2022, and the third quarter of 2021, respectively, which were related to the acquisition of... More