First Interstate BancSystem (FIBK) Tops Q1 EPS by 11c

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Go back to First Interstate BancSystem (FIBK) Tops Q1 EPS by 11c

First Interstate BancSystem, Inc. Reports First Quarter Earnings

April 27, 2021 4:12 PM EDT

BILLINGS, Mont.--(BUSINESS WIRE)-- First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the first quarter of 2021. For the quarter, the Company reported net income of $51.4 million, or $0.83 per share, which compares to net income of $46.9 million, or $0.76 per share, for the fourth quarter of 2020, and $29.3 million, or $0.45 per share, for the first quarter of 2020.

HIGHLIGHTS

Total deposits increased $877.0 million, or 6.2%, to $15,094.0 million as of March 31, 2021 from $14,217.0 million as of December 31, 2020, resulting in a 25.1% annualized growth rate. Total assets increased $794.7 million, or 4.5%, to $18,443.4 million as of March 31,... More