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First Interstate Bancsystem (FIBK)
NASDAQ:FIBK
Earnings Data
Report Date
Apr 23, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.55Last Year’s EPS
0.57Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 29, 2025
|% Change Since: -11.33%
|Next Earnings Date:Apr 23, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted successful efforts in deposit growth and reduction in borrowings, contributing to better capital ratios and net interest margin expansion. However, there were challenges, including a decline in net income, a reduction in the loan portfolio, increased criticized assets, and high net charge-offs. The sentiment is balanced with both positive actions and challenges faced.Company Guidance
During the First Interstate BancSystem Inc. Fourth Quarter Earnings Conference Call, the company provided guidance for 2025, including expectations for low-single-digit deposit growth and modest loan growth, particularly in the latter half of the year. They anticipate a 5% to 7% increase in net interest income for 2025, driven by sequential quarterly expansion of the net interest margin, initially expected to expand at a similar pace to the fourth quarter of 2024. The company plans to discontinue indirect lending originations, with 30% to 40% of this portfolio expected to amortize over the next 12 months. Non-interest income is projected to see a modest increase, while non-interest expenses are forecasted to rise by 3% to 5% over 2024 levels. Additionally, net charge-offs are anticipated to be between 20 and 30 basis points in 2025. The company declared a fourth-quarter dividend of $0.47 per share, with a yield of 5.8%, and maintained a common equity Tier 1 capital ratio of 12.16% at the end of the quarter.Deposit Growth
The bank achieved a deposit growth of $151.5 million in the fourth quarter, focusing on checking and low-cost deposits.
Reduction in Borrowings
Significant reduction in borrowed funds, notably a $1 billion reduction during 2024, with half of that reduction occurring in the fourth quarter.
Net Interest Margin Expansion
Net interest margin increased by 16 basis points to 3.2% in the fourth quarter.
Capital Ratios
Common equity Tier 1 capital ratio increased to 12.16% at the end of the quarter.
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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
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FIBK Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 29, 2025 | $32.39 | $33.02 | +1.95% |
| Oct 24, 2024 | $31.07 | $30.04 | -3.32% |
| Jul 25, 2024 | $30.70 | $30.89 | +0.62% |
| Apr 24, 2024 | $24.94 | $25.30 | +1.44% |
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.
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FAQ
When does First Interstate Bancsystem (FIBK) report earnings?
First Interstate Bancsystem (FIBK) is schdueled to report earning on Apr 23, 2025, TBA Not Confirmed.
What is First Interstate Bancsystem (FIBK) earnings time?
First Interstate Bancsystem (FIBK) earnings time is at Apr 23, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FIBK EPS forecast?
FIBK EPS forecast for the fiscal quarter 2025 (Q1) is 0.55.
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