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

First Interstate BancSystem

27/07/2023 05:01

* First Interstate Bancsystem Inc  FIBK.OQ  reported
quarterly
adjusted earnings of 65 cents​​ per share for the quarter ended
in June. The mean expectation of seven analysts for the quarter
was for earnings of 68 cents per share.
    * Revenue fell 9.8% to $262.50 million from a year ago;
analysts
expected $271.94 million. 
    * First Interstate Bancsystem Inc's reported EPS for the
quarter
was 65 cents​.
    * The mean earnings estimate of analysts had fallen by
about 10.6%
in the last three months.​ 
    * In the last 30 days, four analysts negatively revised
earnings
estimates 
    * First Interstate Bancsystem Inc shares had risen by 15.9%
this
quarter and lost 28.5% so far this year.
    * The company reported quarterly net income of $67 million.
    * Wall Street's median 12-month price target for First
Interstate
Bancsystem Inc is $28.00 
    * 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 July
27 at 04:01 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.68           0.65           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