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

First Interstate BancSystem

31/01/2024 04:01

* First Interstate Bancsystem Inc  FIBK.OQ  reported
quarterly
adjusted earnings of 59 cents​​ per share for the quarter ended
in December, lower than the same quarter last year, when the
company reported EPS of 82 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 61 cents per
share. Wall Street expected results to range from 57 cents to 66
cents per share.
    * Revenue fell 19% to $245.00 million from a year ago;
analysts
expected $252.73 million. 
    * First Interstate Bancsystem Inc's reported EPS for the
quarter
was 59 cents​.
    * The company reported quarterly net income of $61.5
million.
    * First Interstate Bancsystem Inc shares had fallen by 4.4%
this
quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for First
Interstate
Bancsystem Inc is $32.00 

This summary was machine generated from LSEG data January 31 at
04:01 a.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 2023      0.61           0.59           Missed
 Sep. 30 2023      0.62           0.70           Beat
 Jun. 30 2023      0.68           0.65           Missed
 Mar. 31 2023      0.80           0.54           Missed