First Interstate Bancsystem (FIBK)
NASDAQ:FIBK
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Earnings Data
Report Date
Jul 28, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.68Last Year’s EPS
0.69Same Quarter Last Year
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call mixed solid strategic and operating progress (completed banking redesign, sustained margin expansion, expense discipline, active buybacks, improved credit trends and strong capital ratios) against near-term financial headwinds (a large QoQ drop in net income, a sizable decline in noninterest income due to prior-quarter gains, and sequential declines in loans and deposits driven by seasonality and branch sales). Management emphasized momentum in pipeline and margin tailwinds from asset repricing but remained cautious on loan balances in Q2. Overall, positives and negatives are balanced.Company Guidance
Completed Banking Redesign and Increased Sales Production
Completed transition to a flatter, streamlined banking organization in Q1; expanded teams in key markets (notably Colorado). Management reports the best pipeline activity seen in 18 months and increased production entering Q2 driven by more bankers in production roles and a focus on full-relationship banking.
Net Interest Margin Expansion (Eighth Consecutive Quarter)
Fully tax-equivalent net interest margin was 3.43% in Q1 versus 3.38% in Q4 (up 5 basis points QoQ) and 3.22% in Q1 2025 (up 21 basis points YoY). Management expects sequential NIM expansion each quarter in 2026 and into 2027 driven by earning asset repricing and deposit dynamics.
Expense Discipline with Tactical Reinvestment
Noninterest expense was $157.6 million in Q1, down $9.1 million QoQ. Controlled severance and closure costs (Q1 severance $1.3M vs Q4 $4.2M) and medical expense favorability helped reduce expenses while management continues to reinvest in relationship managers and advertising as part of growth plans.
Improved Credit Metrics: Lower Net Charge-offs and Slight Reduction in Criticized Loans
Net charge-offs decreased $19.7 million to $2.4 million, or 6 basis points of average loans. Criticized loans fell $18.6 million, a 1.8% decline QoQ. Total provision for credit losses was $6.7 million, reflecting targeted coverage increases tied to specific nonperforming credit activity.
Active Capital Return via Share Repurchases and Dividend
Repurchased approximately 2.4 million shares in Q1 (about $84 million); total repurchases since program initiation in August equal ~$202 million. Declared a quarterly dividend of $0.47 per share, equivalent to a 5.3% annualized yield based on Q1 average stock price.
Strong Capital and Liquidity Metrics Maintained
Common Equity Tier 1 ratio ended Q1 at 14.30% (down 8 basis points QoQ) and leverage ratio was 9.56% (down 5 basis points QoQ), indicating continued capital strength and flexibility to both return capital and support organic growth.
Planned Asset Repricing and Investment Cash Flows
Management outlined a roadmap of earning-asset repricing: ~$2.6 billion of fixed and adjustable rate loans expected to mature/reprice through 2027 at a weighted average yield of ~4.5%, plus ~$2.0 billion of securities cash flows at a weighted average yield of ~2.7%. Company expects these dynamics to benefit margins over the next two years.
FIBK Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
FIBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 29, 2026 | $33.98 | $35.03 | +3.08% |
Jan 28, 2026 | $35.75 | $35.24 | -1.42% |
Oct 28, 2025 | $31.00 | $30.86 | -0.46% |
Jul 29, 2025 | $27.78 | $27.05 | -2.66% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does First Interstate Bancsystem (FIBK) report earnings?
First Interstate Bancsystem (FIBK) is schdueled to report earning on Jul 28, 2026, After Close (Confirmed).
What is First Interstate Bancsystem (FIBK) earnings time?
First Interstate Bancsystem (FIBK) earnings time is at Jul 28, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is FIBK EPS forecast?
FIBK EPS forecast for the fiscal quarter 2026 (Q2) is 0.68.