FIRST INTERSTATE BANCSYSTEM INC
For the period ended Dec 31, 2023. Filed Feb 29, 2024.
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FY2023 · Filed Feb 29, 2024
FIBK$38.42+1.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Balance Sheets
(In millions, except share data)
| December 31, | 2023 | 2022 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $378.2 | $349.2 |
| Interest bearing deposits in banks | 199.7 | 521.2 |
| Federal funds sold | 0.1 | 0.1 |
| Total cash and cash equivalents | 578.0 | 870.5 |
| Investment securities: | ||
| Available-for-sale, net of allowance for credit losses of $0 at December 31, 2023 and 2022 (amortized cost of $6,307.8 and $7,573.5 at December 31, 2023 and 2022, respectively) | 5,841.5 | 6,946.1 |
| Held-to-maturity, net of allowance for credit losses of $0.8 and $1.9 at December 31, 2023 and 2022, respectively (estimated fair values of $2,874.0 and $3,052.2 at December 31, 2023 and 2022, respectively) | 3,207.9 | 3,451.8 |
| Total investment securities | 9,049.4 | 10,397.9 |
| FHLB and FRB stock, at cost | 223.2 | 198.6 |
| Loans held for sale | 47.4 | 79.9 |
| Loans held for investment, net of deferred fees and costs | 18,279.6 | 18,099.2 |
| Allowance for credit losses | (227.7) | (220.1) |
| Net loans held for investment | 18,051.9 | 17,879.1 |
| Goodwill | 1,100.9 | 1,100.9 |
| Company-owned life insurance | 502.4 | 497.9 |
| Premises and equipment, net of accumulated depreciation | 444.3 | 444.7 |
| Other intangibles, net of accumulated amortization | 81.4 | 97.0 |
| Accrued interest receivable | 129.1 | 118.3 |
| Mortgage servicing rights, net of accumulated amortization and impairment reserve | 28.3 | 31.1 |
| Other real estate owned | 16.5 | 12.7 |
| Deferred tax asset, net | 150.0 | 210.5 |
| Other assets | 268.4 | 348.7 |
| Total assets | $30,671.2 | $32,287.8 |
| Liabilities and Stockholders’ Equity | ||
| Deposits: | ||
| Non-interest bearing | $6,029.6 | $7,560.0 |
| Interest bearing | 17,293.5 | 17,513.6 |
| Total deposits | 23,323.1 | 25,073.6 |
| Securities sold under repurchase agreements | 782.7 | 1,052.9 |
| Accounts payable and accrued expenses | 380.4 | 445.9 |
| Accrued interest payable | 52.2 | 14.5 |
| Long-term debt | 120.8 | 120.8 |
| Other borrowed funds | 2,603.0 | 2,327.0 |
| Allowance for credit losses on off-balance sheet credit exposures | 18.4 | 16.2 |
| Subordinated debentures held by subsidiary trusts | 163.1 | 163.1 |
| Total liabilities | 27,443.7 | 29,214.0 |
| Stockholders’ equity: | ||
| Preferred stock, no par value; 100,000 shares authorized; none issued and outstanding | — | — |
| Common stock and additional paid-in-capital, $0.00001 par value; 150,000,000 shares authorized at December 31, 2023 and 2022; 103,941,626 and 104,442,023 shares issued and outstanding, respectively | 2,448.9 | 2,478.2 |
| Retained earnings | 1,135.1 | 1,072.7 |
| Accumulated other comprehensive loss, net | (356.5) | (477.1) |
| Total stockholders’ equity | 3,227.5 | 3,073.8 |
| Total liabilities and stockholders’ equity | $30,671.2 | $32,287.8 |
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