First Interstate reports Q3 EPS 69c, consensus 61c

Reports Q3 revenue $250.5M, consensus $254.5M. Net interest margin increased to 3.34% for the third quarter of 2025, a 4-basis point increase from the second quarter of 2025 and a 33-basis point increase from the third quarter of 2024. The Company had no provision for credit losses during the third quarter of 2025. This compares to a reduction of provision for credit losses of $0.3 million and provision for credit losses of $19.8 million during the second quarter of 2025 and the third quarter of 2024, respectively. “We continue to execute on our strategic plan, announced earlier this year, to focus on organic growth and leverage our strong balance sheet to support our customers. Our net interest margin continued to improve, and we maintained a clear focus on managing expenses prudently, with a goal to drive long-term, profitable growth,” said James A Reuter, President and Chief Executive Officer of the Company. “I am especially pleased with the team of senior leaders and relationship bankers, both from within First Interstate (FIBK), and those who have joined us from other institutions, who are driving our plan forward. Our strong and flexible liquidity and capital levels provide a solid foundation to drive growth and returns for our shareholders.”