First Interstate BancSystem, Inc. Reports Third Quarter Earnings
First Interstate BancSystem reported Q3 2026 net income of $62.2 million, or $0.65 per diluted share, down from $0.87 in Q2 and $0.69 a year ago. The Q2 comparison includes a $19.5 million gain from the sale of eleven Nebraska branches. Underlying trends were more constructive: net interest margin rose 8 bps sequentially to 3.53%, net interest income grew $4.0 million to $206.2 million, and non-performing assets fell 6.1% to $155.0 million. However, the provision swung to $10.5 million and net charge-offs rose to 0.28% of average loans.
Key figures
- Eps
- 0.65
- Revenue
- 206.2
- Revenue Yoy
- -0.3%
- Cet1 ratio
- 14.36%
- Net income
- 62200000
- Q3 buyback
- $76.3 million (2.04 million shares)
- Ytd buyback
- $346.6 million (10.02 million shares)
- Dividend yield
- 5.0% annualized
- Npa qoq change
- -6.1%
- Net charge offs
- 9900000
- Efficiency ratio
- 61.68
- Buyback remaining
- 103400000
- Dividend per share
- 0.47
- Net interest margin
- 3.53%
- Net charge off ratio
- 0.28%
- Nonperforming assets
- 155000000
- Return on avg assets
- 0.96%
- Provision for credit losses
- 10500000
- Tangible book value per share
- 21.2
- Net interest income qoq change
- 4000000
AI analysis
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