First Interstate's Q3 net income stable

First Interstate BancSystem

29/10/2025 21:00

Overview

First Interstate Q3 net income stable at $71.4 mln, EPS at $0.69

Net interest margin increased to 3.34%

Company repurchased 1.8 mln shares, totaling $57.2 mln

Outlook

Company focuses on organic growth and leveraging a strong balance sheet

First Interstate highlights improvements in net interest margin

Company emphasizes strong and flexible liquidity and capital levels

Result Drivers

NET INTEREST MARGIN - Increased to 3.34% due to lower interest expense from decreased borrowings

NON-PERFORMING ASSETS - Decreased by $11.9 mln, reflecting improved asset quality

STOCK REPURCHASE - Co repurchased 1.8 mln shares, reflecting strategic financial management

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue (Payment services)
$16.80 mln
Q3 EPS
$0.69
Q3 Net Income
$71.40 mln
Q3 Net Interest Income
$206.80 mln
Q3 Pretax Profit
$92.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 3 "hold" and 1 "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 $34.50, about 6.5% above its October 28 closing price of $32.26

The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release: ID:nBw74N6kca

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(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.)