Quarterly ResultApr 29, 2026, 04:39 PM
FIBK Q1 Net Income $60.2M; EPS $0.61; NIM 3.41%; Buyback Increase
AI Summary
First Interstate BancSystem, Inc. reported Q1 2026 net income of $60.2 million, or $0.61 per diluted share, an increase from Q1 2025 but a significant decrease from Q4 2025. The company saw continued improvement in its net interest margin, which rose to 3.41%. Additionally, FIBK repurchased 2.39 million shares for $84.0 million and increased its share repurchase authorization by $150.0 million. The board also declared a quarterly dividend of $0.47 per common share.
Key Highlights
- Net income for Q1 2026 was $60.2 million, up 19.9% YoY but down 44.7% QoQ.
- Diluted EPS for Q1 2026 was $0.61, up 24.5% YoY but down 43.5% QoQ.
- Net interest margin increased to 3.41% in Q1 2026, up 5 bps QoQ and 22 bps YoY.
- Company repurchased 2.39 million shares for $84.0 million in Q1 2026.
- Board authorized an additional $150.0 million for the share repurchase program.
- Declared a quarterly dividend of $0.47 per common share, payable May 21, 2026.
- Total deposits decreased $205.3 million to $21,883.0 million QoQ.
- Loans held for investment decreased $473.2 million to $14,728.4 million QoQ.