NASDAQ$FIBK
First Interstate BancSystem Inc · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported third quarter earnings with net income driven by loan growth and an increased net interest margin, offset by provision for credit losses and realized losses on investment securities.
First Interstate BancSystem, Inc. reported a strong third quarter with a net income of $85.7 million, or $0.80 per share. The results were driven by loan growth and an increase in the net interest margin, offset by a provision for credit losses and realized losses on investment securities. The company also announced a 14.6% increase in the quarterly cash dividend to $0.47 per share.
- Net income of $85.7 million, or $0.80 per share, driven by loan growth and increased net interest margin.
- Quarterly cash dividend increased 14.6% to $0.47 per share.
- Net interest margin increased to 3.71%.
- Loans held for investment increased by $441.0 million, or an annualized 10.2%.
Headline financials
Revenue & EPS history
First Interstate · Revenue · Quarterly
$290M
Revenue by segment
First Interstate · $39.8M total across 6 segments · Q1 2023
- Payment Services$18.7M+26.4%47.0%
- Wealth Management$9M+11.1%22.6%
- Service Charges$5.2M—13.1%
- Other Service Charges$2.4M—6.0%
- Mortgage Banking$2.3M-72.6%5.8%
- Other Income$2.2M—5.5%
Forward guidance
First Interstate BancSystem anticipates further improvement in the fourth quarter, driven by a favorable lending environment and continued margin expansion. The company believes it is well-positioned to generate strong financial results while maintaining a conservative approach to risk management.
Tailwinds
- Lending environment remains favorable.
- Margin expansion should continue.
- Company is well positioned to continue generating strong financial results.
- Company will continue to operate with a conservative approach to risk management.
- Increased quarterly cash dividend by 14.6%, to $0.47 per share.
Headwinds
- Economic conditions may vary.
- Unspecified risks related to economic conditions.
- Potential impact of external factors on financial results.
- Continued monitoring of economic landscape.
- No specific negative guidance mentioned in provided text.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q3 2022
-1.1%
Avg return
Earnings day
-0.6%
Avg return
5 days after
+1.1%
Avg return
30 days after
42%
27 / 64 earnings
Positive
+8.9%
Q3 2023
Best reaction
-11.8%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -3.5% | +4.3% | +3.4% | |
| Q4 2025 | -1.5% | +2.6% | -5.6% | |
| Q3 2025 | -1.9% | -1.3% | +2.3% | |
| Q1 2025 | -5.7% | -3.9% | -2.3% | |
| Q3 2024 | -3.2% | -1.7% | +7.6% | |
| Q2 2024 | +2.4% | +0.6% | -2.8% | |
| Q1 2024 | +1.6% | +2.1% | +2.2% | |
| Q4 2023 | -6.4% | -10.2% | -10.5% | |
| Q3 2023 | +8.9% | +7.5% | +17.3% | |
| Q2 2023 | +3.4% | +4.0% | -8.5% | |
| Q1 2023 | -0.5% | -3.8% | -10.9% | |
| Q4 2022 | -11.8% | -5.8% | -5.7% | |
| Q3 2022 | +3.3% | +6.5% | +4.0% | |
| Q2 2022 | +0.5% | +1.3% | +1.1% | |
| Q1 2022 | -2.5% | +6.3% | +14.2% | |
| Q4 2021 | -5.9% | -3.1% | +0.4% | |
| Q3 2021 | -0.4% | -2.6% | +0.6% | |
| Q2 2021 | -2.4% | -0.4% | +4.2% | |
| Q1 2021 | -1.9% | -2.8% | -2.9% | |
| Q4 2020 | -2.8% | -0.1% | +14.1% | |
| Q3 2020 | -1.2% | -4.1% | +10.3% | |
| Q2 2020 | -3.2% | -3.8% | +6.5% | |
| Q1 2020 | -7.5% | -7.8% | -9.2% | |
| Q4 2019 | +1.2% | +0.1% | -11.9% | |
| Q3 2019 | -0.2% | +0.1% | -1.6% | |
| Q2 2019 | +0.3% | -1.4% | -2.9% | |
| Q1 2019 | -1.0% | -0.7% | -9.9% | |
| Q4 2018 | +0.1% | +2.2% | +7.9% | |
| Q3 2018 | -0.2% | -0.3% | +1.3% | |
| Q2 2018 | +0.5% | -0.7% | +6.1% | |
| Q1 2018 | +1.6% | -0.6% | +8.1% | |
| Q4 2017 | +0.1% | -0.2% | -5.3% | |
| Q3 2017 | +1.3% | +0.0% | +4.4% | |
| Q2 2017 | -1.1% | -1.9% | -3.9% | |
| Q1 2017 | +0.9% | -5.7% | -9.7% | |
| Q4 2016 | +0.7% | -1.6% | +5.7% | |
| Q3 2016 | +0.8% | +0.5% | +18.2% | |
| Q2 2016 | +2.0% | +2.0% | +6.1% | |
| Q1 2016 | -2.9% | — | — | |
| Q4 2015 | +2.9% | — | — | |
| Q3 2015 | -4.8% | — | — | |
| Q2 2015 | +1.0% | — | — | |
| Q1 2015 | -1.0% | — | — | |
| Q4 2014 | -3.8% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | -0.2% | — | — | |
| Q1 2014 | -3.9% | — | — | |
| Q4 2013 | -4.3% | — | — | |
| Q3 2013 | +2.3% | — | — | |
| Q2 2013 | +3.4% | — | — | |
| Q1 2013 | +1.8% | — | — | |
| Q4 2012 | +4.7% | — | — | |
| Q3 2012 | +2.7% | — | — | |
| Q2 2012 | -1.1% | — | — | |
| Q1 2011 | +1.5% | — | — | |
| Q1 2012 | +0.9% | — | — | |
| Q4 2011 | -2.4% | — | — | |
| Q4 2009 | -2.4% | — | — | |
| Q3 2010 | -4.5% | — | — | |
| Q3 2011 | -4.5% | — | — | |
| Q2 2010 | -7.6% | — | — | |
| Q4 2010 | -7.6% | — | — | |
| Q2 2011 | -7.6% | — | — | |
| Q1 2010 | -0.1% | — | — |
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