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

First Interstate BancSystem

24/04/2024 22:45

* First Interstate Bancsystem Inc  FIBK.OQ  reported
quarterly
adjusted earnings of 57 cents​​ per share for the quarter ended
in March, higher than the same quarter last year, when the
company reported EPS of 54 cents.  The mean expectation of
seven analysts for the quarter was for earnings of 50 cents per
share. Wall Street expected results to range from 44 cents to 56
cents per share.
    * Revenue fell 5.1% to $243.90 million from a year ago;
analysts
expected $241.28 million. 
    * First Interstate Bancsystem Inc's reported EPS for the
quarter
was 57 cents​.
    * The company reported quarterly net income of $58.4
million.
    * First Interstate Bancsystem Inc shares had fallen by 2.5%
this
quarter and lost 13.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 9.2%
in the last three months.​ 
    * In the last 30 days, three analysts negatively revised
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 $28.00 

This summary was machine generated from LSEG data April 24 at
09:45 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
 Mar. 31 2024      0.50           0.57           Beat
 Dec. 31 2023      0.61           0.59           Missed
 Sep. 30 2023      0.62           0.70           Beat
 Jun. 30 2023      0.68           0.65           Missed