First Interstate BancSystem, Inc. (FIBK) Income Statement Analysis

See more : Grupa Azoty S.A. (ATT.WA) Income Statement Analysis – Financial Results

Complete financial analysis of First Interstate BancSystem, Inc. (FIBK) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of First Interstate BancSystem, Inc., a leading company in the Banks – Regional industry within the Financial Services sector.

You may be interested

First Interstate BancSystem, Inc. (FIBK)

Industry: Banks - Regional

Sector: Financial Services

Website: https://www.fibk.com

About First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, and other operational services, as well as online and mobile banking services. It serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, energy, governmental services, healthcare, hospitality, housing, mining, professional services, real estate development, retail, technology, tourism, and wholesale trade. As of December 31, 2021, it operated 147 banking offices, including detached drive-up facilities in communities across Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. The company was incorporated in 1971 and is headquartered in Billings, Montana.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	1999
Revenue	1.03B	1.11B	638.70M	653.70M	644.90M	575.80M	491.60M	412.16M	386.77M	359.86M	348.65M	358.65M	342.72M	342.35M	343.83M	336.66M	292.05M	269.21M	240.60M	221.68M	210.80M	196.75M	0.00
Cost of Revenue	71.60M	69.70M	0.00	0.00	0.00	0.00	0.00	44.00K	1.48M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gross Profit	954.20M	1.04B	638.70M	653.70M	644.90M	575.80M	491.60M	412.11M	385.29M	359.86M	348.65M	358.65M	342.72M	342.35M	343.83M	336.66M	292.05M	269.21M	240.60M	221.68M	210.80M	196.75M	0.00
Gross Profit Ratio	93.02%	93.70%	100.00%	100.00%	100.00%	100.00%	100.00%	99.99%	99.62%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	0.00%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	369.90M	359.60M	220.70M	223.10M	206.80M	194.30M	160.31M	143.88M	132.19M	126.64M	124.34M	125.65M	118.69M	122.71M	113.57M	114.02M	98.13M	88.89M	80.03M	73.97M	70.00M	68.38M	0.00
Selling & Marketing	0.00	3.80M	2.60M	2.80M	4.20M	3.20M	3.50M	2.80M	3.50M	3.73M	3.53M	3.56M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	369.90M	359.60M	220.70M	223.10M	206.80M	194.30M	160.31M	143.88M	132.19M	126.64M	124.34M	125.65M	118.69M	122.71M	113.57M	114.02M	98.13M	88.89M	80.03M	73.97M	70.00M	68.38M	0.00
Other Expenses	0.00	-1.02B	-611.60M	-667.50M	-616.60M	-557.20M	-454.26M	-377.02M	-354.04M	-323.68M	-319.59M	-353.73M	-353.22M	-347.51M	-291.68M	-27.10M	-158.80M	-135.03M	-173.05M	-183.88M	-169.16M	-145.93M	0.00
Operating Expenses	656.80M	-660.50M	-390.90M	-444.40M	-409.80M	-328.60M	-293.95M	-233.14M	-221.85M	-197.04M	-195.25M	-228.08M	-234.53M	-224.80M	-178.11M	86.93M	-60.66M	-46.14M	-93.02M	-109.90M	-99.16M	-77.55M	0.00
Cost & Expenses	656.80M	69.70M	-390.90M	-444.40M	-409.80M	-328.60M	-293.95M	44.00K	1.48M	-197.04M	-195.25M	-228.08M	-234.53M	-224.80M	-178.11M	86.93M	-60.66M	-46.14M	-93.02M	-109.90M	-99.16M	-77.55M	0.00
Interest Income	1.28B	942.60M	488.20M	497.00M	495.00M	432.50M	349.84M	279.77M	264.36M	248.46M	236.97M	273.90M	292.88M	314.55M	328.03M	355.92M	325.56M	293.42M	233.86M	192.84M	189.26M	201.31M	0.00
Interest Expense	401.30M	78.90M	17.30M	26.60M	59.00M	40.90M	27.93M	17.66M	18.06M	18.61M	20.70M	30.11M	42.03M	63.11M	84.90M	120.54M	125.95M	105.96M	63.55M	42.42M	48.61M	65.46M	0.00
Depreciation & Amortization	53.80M	51.00M	37.90M	36.70M	34.50M	27.60M	18.43M	19.48M	3.39M	2.25M	16.25M	4.92M	17.37M	20.14M	23.58M	24.24M	16.37M	10.30M	19.04M	17.84M	12.01M	11.65M	0.00
EBITDA	0.00	288.80M	244.00M	246.00M	248.30M	205.40M	141.61M	126.03M	148.77M	146.47M	148.95M	105.37M	83.53M	74.58M	103.10M	145.28M	126.73M	132.46M	108.04M	93.88M	0.00	0.00	0.00
EBITDA Ratio	0.00%	35.40%	40.35%	33.69%	38.19%	47.72%	41.31%	44.26%	43.13%	45.87%	48.66%	37.78%	36.64%	40.22%	55.05%	75.11%	84.83%	86.69%	69.25%	58.47%	58.65%	66.50%	0.00%
Operating Income	336.80M	375.60M	247.80M	209.30M	235.10M	247.20M	197.65M	178.97M	163.44M	162.83M	153.40M	130.57M	108.19M	117.55M	165.71M	228.62M	231.39M	223.07M	147.57M	111.77M	111.63M	119.20M	0.00
Operating Income Ratio	32.83%	33.97%	38.80%	32.02%	36.46%	42.93%	40.21%	43.42%	42.26%	45.25%	44.00%	36.41%	31.57%	34.34%	48.20%	67.91%	79.23%	82.86%	61.34%	50.42%	52.96%	60.59%	0.00%
Total Other Income/Expenses	0.00	-147.70M	-21.00M	-26.20M	-33.20M	-26.20M	-40.68M	-9.74M	-14.70M	-17.21M	-12.07M	-23.52M	-17.37M	-20.14M	-22.29M	-120.54M	-1.70M	-105.96M	2.19M	1.96M	-48.61M	-65.46M	0.00
Income Before Tax	336.80M	257.10M	247.80M	209.30M	235.10M	206.30M	156.72M	145.26M	130.46M	129.62M	132.70M	88.26M	66.16M	54.45M	80.82M	108.08M	105.43M	117.11M	84.03M	69.35M	63.02M	53.74M	0.00
Income Before Tax Ratio	32.83%	23.25%	38.80%	32.02%	36.46%	35.83%	31.88%	35.24%	33.73%	36.02%	38.06%	24.61%	19.30%	15.90%	23.50%	32.10%	36.10%	43.50%	34.92%	31.28%	29.90%	27.31%	0.00%
Income Tax Expense	79.30M	54.90M	55.70M	48.10M	54.10M	46.10M	50.20M	49.62M	43.66M	45.21M	46.57M	30.04M	21.62M	17.09M	26.95M	37.43M	36.79M	41.50M	29.31M	23.93M	22.27M	19.25M	0.00
Net Income	257.50M	202.20M	192.10M	161.20M	181.00M	160.20M	106.50M	95.70M	86.80M	84.40M	86.14M	58.22M	44.55M	37.36M	53.86M	70.65M	68.64M	75.61M	54.72M	45.42M	40.75M	34.49M	0.00
Net Income Ratio	25.10%	18.29%	30.08%	24.66%	28.07%	27.82%	21.66%	23.22%	22.44%	23.45%	24.71%	16.23%	13.00%	10.91%	15.67%	20.98%	23.50%	28.09%	22.74%	20.49%	19.33%	17.53%	0.00%
EPS	2.48	1.96	3.12	2.53	2.84	2.77	2.07	2.15	1.92	1.89	1.98	1.28	0.96	0.85	1.61	2.14	2.19	2.41	1.75	1.45	1.30	1.10	0.00
EPS Diluted	2.48	1.96	3.11	2.53	2.83	2.75	2.05	2.13	1.90	1.87	1.96	1.27	0.96	0.85	1.59	2.10	2.17	2.39	1.73	1.43	1.29	1.09	0.00
Weighted Avg Shares Out	103.83M	103.27M	61.65M	63.61M	63.65M	57.78M	51.43M	44.51M	45.18M	44.62M	43.57M	43.25M	42.75M	39.91M	31.34M	31.48M	31.34M	31.34M	31.34M	31.34M	31.34M	31.34M	0.00
Weighted Avg Shares Out (Dil)	103.78M	103.34M	61.74M	63.73M	63.88M	58.22M	51.90M	44.91M	45.65M	45.21M	44.04M	43.29M	42.85M	40.13M	31.68M	32.11M	31.68M	31.68M	31.68M	31.68M	31.68M	31.68M	0.00

First Interstate BancSystem, Inc. Announces Second Quarter Earnings Release and Conference Call

July 5, 2022businesswire.com

BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Tuesday, July 26, 2022. A conference call for investors is scheduled for Wednesday, July 27 at...

Best Income Stocks to Buy for May 26th

May 26, 2022zacks.com

TX, RTL, and FIBK made it to the Zacks Rank #1 (Strong Buy) income stocks list on May 26, 2022.

First Interstate Bank Completes Expansion into Eight New States with Great Western Bank Conversion

May 23, 2022businesswire.com

BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, announced that effective today, all Great Western Bank locations are now open and operating as First Interstate Bank branches. The successful conversion allows First Interstate to...

First Interstate BancSystem Maintains Systematic Liquidity

May 19, 2022seekingalpha.com

First Interstate BancSystem, Inc. shows solid revenue growth and liquidity. Its stable fundamentals prove it is capable of sustaining its now larger operations.

First Interstate BancSystem, Inc. (FIBK) CEO Kevin Riley on Q1 2022 Results - Earnings Call Transcript

April 29, 2022seekingalpha.com

First Interstate BancSystem, Inc. (NASDAQ:FIBK ) Q1 2022 Results Conference Call April 29, 2022 11:00 AM ET Company Participants Lisa Slyter-Bray - Executive Assistant Kevin Riley - Chief Executive Officer Marcy Mutch - Chief Financial Officer Michael Lugli - Chief...

First Interstate BancSystem (FIBK) Tops Q1 Earnings Estimates

April 28, 2022zacks.com

First Interstate BancSystem (FIBK) delivered earnings and revenue surprises of 425% and 11.22%, respectively, for the quarter ended March 2022. Do the numbers hold clues to what lies ahead for the stock?

First Interstate BancSystem, Inc. Reports First Quarter Earnings

April 28, 2022businesswire.com

BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the first quarter of 2022. For the quarter, the Company reported a net loss of $33.4 million, or $0.36 per share, which compares to net income of...