First Interstate BancSystem Inc reports results for the quarter ended in March - Earnings Summary

First Interstate BancSystem

27/04/2023 24:13

* First Interstate BancSystem Inc  FIBK.OQ  reported
quarterly
adjusted earnings of 54 cents​​ per share for the quarter ended
in March. The mean expectation of seven analysts for the quarter
was for earnings of 80 cents per share.
    * Revenue rose 12.4% to $257.10 million from a year ago;
analysts
expected $289.11 million. 
    * First Interstate BancSystem Inc's reported EPS for the
quarter
was 54 cents​.
    * The mean earnings estimate of analysts had fallen by
about 22.6%
in the last three months.​ 
    * In the last 30 days, five analysts negatively revised
earnings
estimates 
    * First Interstate BancSystem Inc shares had fallen by 11.3%
this
quarter and lost 31.4% so far this year.
    * The company reported quarterly net income of $56.3
million.
    * Wall Street's median 12-month price target for First
Interstate
BancSystem Inc is $35.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
April 26 at 11:13 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.80           0.54           Missed
 Dec. 31 2022      1.03           0.82           Missed
 Sep. 30 2022      0.90           0.80           Missed
 Jun. 30 2022      0.70           0.59           Missed