First Interstate BancSystem, Inc. Reports Second Quarter Earnings

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Go back to First Interstate BancSystem, Inc. Reports Second Quarter Earnings

First Interstate BancSystem (FIBK) Misses Q2 EPS by 17c

July 30, 2019 5:33 PM EDT

First Interstate BancSystem (NASDAQ: FIBK) reported Q2 EPS of $0.59, $0.17 worse than the analyst estimate of $0.76.

Net interest margin ratio, on a fully taxable equivalent basis, increased to 4.08%, for the second quarter of 2019, a four basis point increase from the prior quarter and a 21 basis point increase from the second quarter of 2018.Organic loan growth was 7.2% annualized for the second quarter of 2019.Non-performing assets as a percentage of total assets decreased to 0.51%, compared to 0.54% during the first quarter of 2019 and 0.74% during the second quarter of... More