FIRST INTERSTATE BANCSYSTEM INC
For the period ended Sep 30, 2024. Filed Nov 4, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 4, 2024
FIBK$38.42+1.6%Stored close · as of Nov 9, 2026
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Item 1. Consolidated Balance Sheets
CONSOLIDATED BALANCE SHEETS
(In millions, except share data)
| September 30,2024 | December 31,2023 | |
|---|---|---|
| Assets | ||
| Cash and due from banks | $438.9 | $378.2 |
| Interest-bearing deposits in banks | 259.6 | 199.7 |
| Federal funds sold | 0.1 | 0.1 |
| Total cash and cash equivalents | 698.6 | 578.0 |
| Investment securities: | ||
| Available-for-sale, at fair value | 5,534.3 | 5,841.5 |
| Held-to-maturity (estimated fair values of $2,480.5 at September 30, 2024 and $2,874.0 at December 31, 2023) | 2,741.3 | 3,207.9 |
| Total investment securities | 8,275.6 | 9,049.4 |
| FHLB and FRB stock, at cost | 155.5 | 223.2 |
| Loans held for sale ($2.1 and $0.5 of which is recorded at fair value at September 30, 2024 December 31, 2023) | 20.9 | 47.4 |
| Loans held for investment, net of deferred fees and costs | 18,027.1 | 18,279.6 |
| Allowance for credit losses | (225.4) | (227.7) |
| Net loans held for investment | 17,801.7 | 18,051.9 |
| Goodwill | 1,100.9 | 1,100.9 |
| Company-owned life insurance | 511.0 | 502.4 |
| Premises and equipment, net of accumulated depreciation | 432.7 | 444.3 |
| Other intangibles, net of accumulated amortization | 70.4 | 81.4 |
| Accrued interest receivable | 127.3 | 129.1 |
| Mortgage servicing rights, net of accumulated amortization | 26.3 | 28.3 |
| Other real estate owned | 4.4 | 16.5 |
| Deferred tax asset, net | 110.9 | 150.0 |
| Other assets | 259.3 | 268.4 |
| Total assets | $29,595.5 | $30,671.2 |
| Liabilities and Stockholders’ Equity | ||
| Deposits: | ||
| Non-interest bearing | $5,919.0 | $6,029.6 |
| Interest bearing | 16,945.1 | 17,293.5 |
| Total deposits | 22,864.1 | 23,323.1 |
| Securities sold under repurchase agreements | 557.2 | 782.7 |
| Accounts payable and accrued expenses | 334.7 | 380.4 |
| Accrued interest payable | 87.7 | 52.2 |
| Other borrowed funds | 2,080.0 | 2,603.0 |
| Long-term debt | 137.3 | 120.8 |
| Allowance for credit losses on off-balance sheet credit exposures | 5.6 | 18.4 |
| Subordinated debentures held by subsidiary trusts | 163.1 | 163.1 |
| Total liabilities | 26,229.7 | 27,443.7 |
| 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; 104,529,863 and 103,941,626 shares were issued and outstanding at September 30, 2024 and December 31, 2023 | 2,457.4 | 2,448.9 |
| Retained earnings | 1,163.3 | 1,135.1 |
| Accumulated other comprehensive loss, net | (254.9) | (356.5) |
| Total stockholders’ equity | 3,365.8 | 3,227.5 |
| Total liabilities and stockholders’ equity | $29,595.5 | $30,671.2 |
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