First Interstate BancSystem (NASDAQ:FIBK) Releases Quarterly Earnings Results, Misses Expectations By $0.27 EPS

First Interstate BancSystem (NASDAQ:FIBK) posted its quarterly earnings data on Thursday. The financial services provider reported $0.65 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.27), Zacks reports. First Interstate BancSystem had a net margin of 23.63% and a return on equity of 9.55%. The firm had revenue of $249.50 million during the quarter, compared to analysts’ expectations of $247.93 million.

First Interstate BancSystem Stock Down 0.2%

Shares of NASDAQ:FIBK opened at $36.80 on Friday. The firm has a fifty day moving average price of $36.55 and a two-hundred day moving average price of $36.55. The company has a debt-to-equity ratio of 0.09, a current ratio of 0.69 and a quick ratio of 0.69. First Interstate BancSystem has a one year low of $29.39 and a one year high of $40.60. The company has a market cap of $3.51 billion, a price-to-earnings ratio of 11.30 and a beta of 0.73.

First Interstate BancSystem Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Shareholders of record on Tuesday, November 3rd will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 5.1%. The ex-dividend date of this dividend is Tuesday, November 3rd. First Interstate BancSystem’s dividend payout ratio (DPR) is presently 57.85%.

Analysts Set New Price Targets

FIBK has been the topic of several recent research reports. Wall Street Zen raised shares of First Interstate BancSystem from a “sell” rating to a “hold” rating in a report on Saturday, October 10th. DA Davidson reissued a “neutral” rating and issued a $39.00 price target on shares of First Interstate BancSystem in a research report on Monday, July 27th. Benchmark raised shares of First Interstate BancSystem to a “hold” rating in a report on Wednesday, September 23rd. Barclays raised their price objective on shares of First Interstate BancSystem from $37.00 to $38.00 and gave the stock an “underweight” rating in a report on Monday, October 5th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of First Interstate BancSystem in a report on Monday, September 28th. Two equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and an average price target of $37.00.

Insider Buying and Selling at First Interstate BancSystem

In other First Interstate BancSystem news, major shareholder Jonathan R. Scott sold 8,071 shares of the company’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $37.29, for a total value of $300,967.59. Following the transaction, the insider directly owned 817,738 shares in the company, valued at $30,493,450.02. This represents a 0.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Julie A. Scott sold 2,700 shares of the firm’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $37.64, for a total value of $101,628.00. Following the completion of the sale, the insider directly owned 484,309 shares in the company, valued at approximately $18,229,390.76. The trade was a 0.55% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 27,700 shares of company stock valued at $1,029,476 in the last three months. 8.00% of the stock is owned by corporate insiders.

Key Headlines Impacting First Interstate BancSystem

Here are the key news stories impacting First Interstate BancSystem this week:

• Positive Sentiment: First Interstate declared a quarterly dividend of $0.47 per share, equivalent to $1.88 annually and a yield of approximately 5.1%. Shareholders of record on November 3 will receive the dividend on November 13; the stock goes ex-dividend November 3. Dividend announcement
• Positive Sentiment: Third-quarter revenue was $249.5 million, slightly above the $247.93 million analyst estimate. Net interest margin also improved to 3.53%, suggesting some benefit from the bank’s lending and funding spread management. Q3 2026 earnings results
• Neutral Sentiment: Management reported third-quarter net income of $62.2 million, or $0.65 per diluted share. The quarter’s net margin was 23.63% and return on equity was 9.55%, but investors are likely focused more heavily on the earnings miss and weaker year-over-year results. First Interstate third-quarter earnings report
• Negative Sentiment: EPS of $0.65 missed estimates ranging from $0.70 to $0.92 and declined from $0.69 a year earlier. Net income fell 12.9% year over year and declined from $83.9 million in the second quarter, making the report disappointing despite revenue performance. Earnings flash
• Negative Sentiment: Analysts highlighted weak core earnings growth, loan portfolio contraction, a declining asset base and operating metrics that trail some regional-bank peers. Branch sales helped reported results but did not fully offset concerns about the underlying business trend. First Interstate Q3 analysis

About First Interstate BancSystem

First Interstate BancSystem, Inc is a financial holding company headquartered in Billings, Montana. Through its principal subsidiary, First Interstate Bank, the company provides community banking services to individuals, businesses, agricultural customers and governmental entities.

First Interstate Bank offers deposit accounts, consumer and commercial loans, mortgage lending, credit cards, cash-management and treasury-management services, online and mobile banking, and wealth-management and investment services.