First Interstate Bancsystem Inc reports results for the quarter ended December 31 - Earnings Summary

First Interstate BancSystem

30/01/2025 20:28

* First Interstate Bancsystem Inc  FIBK.OQ  reported
quarterly
adjusted earnings of 50 cents​​ per share for the quarter ended
December 31, lower than the same quarter last year, when the
company reported EPS of 59 cents.  The mean expectation of
eight analysts for the quarter was for earnings of 45 cents per
share. Wall Street expected results to range from 37 cents to 56
cents per share.
    * Revenue rose 3.6% to $261.30 million from a year ago;
analysts
expected $251.46 million. 
    * First Interstate Bancsystem Inc's reported EPS for the
quarter
was 50 cents​.
    * The company reported quarterly net income of $52.1
million.
    * First Interstate Bancsystem Inc shares had risen by 1.2%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.8%
in the last three months.​ 
    * In the last 30 days, six analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 3 "strong buy" or "buy," 3
"hold" and 2 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for First Interstate
Bancsystem Inc is $35.50 
This summary was machine generated from LSEG data January 30 at
08:27 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2024      0.45           0.50           Beat
 Sep. 30 2024      0.58           0.54           Missed
 Jun. 30 2024      0.55           0.58           Beat
 Mar. 31 2024      0.50           0.57           Beat