First Interstate Bancsystem Inc reports results for the quarter ended in January 1 - Earnings Summary

First Interstate BancSystem

27/10/2024 15:53

* First Interstate Bancsystem Inc  FIBK.OQ  reported
quarterly
adjusted earnings of 54 cents​​ per share for the quarter ended
January 1, lower than the same quarter last year, when the
company reported EPS of 70 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 58 cents per
share. Wall Street expected results to range from 56 cents to 61
cents per share.
    * Revenue fell 1.5% to $251.90 million from a year ago;
analysts
expected $250.67 million. 
    * First Interstate Bancsystem Inc's reported EPS for the
quarter
was 54 cents​.
    * The company reported quarterly net income of $55.5
million.
    * First Interstate Bancsystem Inc shares had risen by 4.3%
this
quarter and gained 4.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 1% in
the last three months.​ 
    * In the last 30 days, one analyst negatively revised an
earnings
estimate

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is 2 "strong buy" or "buy," 4
"hold" and 1 "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 $32.00 
This summary was machine generated from LSEG data October 27 at
03:53 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
 Sep. 30 2024      0.58           0.54           Missed
 Jun. 30 2024      0.55           0.58           Beat
 Mar. 31 2024      0.50           0.57           Beat
 Dec. 31 2023      0.61           0.59           Missed