“We are pleased to see continued improvement in our net interest margin. As expected, net interest margin expanded for the fourth consecutive quarter, and we continue to prudently manage expenses while investing in the future growth of the Company. We are pleased with the continued reduction in our outstanding borrowings, and our balance sheet remains flexible as we move forward. Criticized and non-performing assets increased quarter over quarter, as we continue to take a prudent, proactive approach to credit risk management,” said James A. Reuter, President and Chief Executive Officer of First Interstate (FIBK) BancSystem, Inc. “I continue to be impressed by a strong client-centric, community bank.”
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Read More on FIBK:
- First Interstate BancSystem Announces Branch Sale Agreement
- Enterprise signs purchase and assumption pact with First Interstate
- FIBK Upcoming Earnings Report: What to Expect?
- First Interstate price target lowered to $25 from $30 at Wells Fargo
- First Interstate price target lowered to $28 from $31 at Barclays
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