Brief: First Interstate BancSystem Q2 EPS USD 0.69

First Interstate BancSystem

29/07/2025 21:16

Overview

First Interstate Q2 net income rises to $71.7 mln from $60.0 mln last year

Net interest margin improves to 3.30%, driven by lower interest expenses

Outsourcing of credit card portfolio results in $4.3 mln gain

Outlook

Company focuses on organic growth and managing expenses prudently

First Interstate highlights strong liquidity and capital levels for future growth

Company does not provide specific forward-looking financial guidance in its press release

Result Drivers

NET INTEREST MARGIN - Increase driven by lower interest expenses and decreased borrowings

CREDIT CARD OUTSOURCING -Completed the outsourcing of our consumer credit card portfolio resulting in the sale of $74.2 million of consumer credit card loans and recognition of a $4.3 million gain

CRITICIZED LOANS - Increase primarily due to downgrades in commercial real estate portfolio

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$17.80 mln
Q2 EPS
$0.69
Q2 Net Income
$71.70 mln
Q2 Net Interest Income
$207.20 mln
Q2 Credit Loss Provision
-$300,000
Q2 Pretax Profit
$93.50 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the banks peer group is "buy."

Wall Street's median 12-month price target for First Interstate Bancsystem Inc is $32.00, about 7.3% above its July 28 closing price of $29.65

The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nBw49kNVma

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)