FIRST INTERSTATE BANCSYSTEM INC
For the period ended Dec 31, 2024. Filed Feb 28, 2025.
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FY2024 · Filed Feb 28, 2025
FIBK$38.00-1.1%Stored close · as of Nov 10, 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, | 2024 | 2023 |
|---|---|---|
| Assets | ||
| Cash and due from banks | $378.0 | $378.2 |
| Interest bearing deposits in banks | 518.5 | 199.7 |
| Federal funds sold | 0.1 | 0.1 |
| Total cash and cash equivalents | 896.6 | 578.0 |
| Investment securities: | ||
| Available-for-sale, at fair value | 5,057.1 | 5,841.5 |
| Held-to-maturity (estimated fair values of $2,358.6 and $2,874.0 at December 31, 2024 and 2023, respectively) | 2,687.5 | 3,207.9 |
| Total investment securities | 7,744.6 | 9,049.4 |
| FHLB and FRB stock, at cost | 177.4 | 223.2 |
| Loans held for sale ($0.9 and $0.5 of which is recorded at fair value at December 31, 2024 and December 31, 2023, respectively) | 0.9 | 47.4 |
| Loans held for investment, net of deferred fees and costs | 17,844.9 | 18,279.6 |
| Allowance for credit losses | (204.1) | (227.7) |
| Net loans held for investment | 17,640.8 | 18,051.9 |
| Goodwill | 1,100.9 | 1,100.9 |
| Company-owned life insurance | 513.0 | 502.4 |
| Premises and equipment, net of accumulated depreciation | 427.2 | 444.3 |
| Other intangibles, net of accumulated amortization | 66.8 | 81.4 |
| Accrued interest receivable | 116.8 | 129.1 |
| Mortgage servicing rights, net of accumulated amortization | 25.7 | 28.3 |
| Other real estate owned | 4.3 | 16.5 |
| Deferred tax asset, net | 118.4 | 150.0 |
| Other assets | 304.0 | 268.4 |
| Total assets | $29,137.4 | $30,671.2 |
| Liabilities and Stockholders’ Equity | ||
| Deposits: | ||
| Noninterest-bearing | $5,797.6 | $6,029.6 |
| Interest bearing | 17,218.0 | 17,293.5 |
| Total deposits | 23,015.6 | 23,323.1 |
| Securities sold under repurchase agreements | 523.9 | 782.7 |
| Accounts payable and accrued expenses | 378.9 | 380.4 |
| Accrued interest payable | 47.0 | 52.2 |
| Other borrowed funds | 1,567.5 | 2,603.0 |
| Long-term debt | 132.2 | 120.8 |
| Allowance for credit losses on off-balance sheet credit exposures | 5.2 | 18.4 |
| Subordinated debentures held by subsidiary trusts | 163.1 | 163.1 |
| Total liabilities | 25,833.4 | 27,443.7 |
| Stockholders’ equity: | ||
| Preferred stock, $0.00001 par value; 100,000 shares authorized at December 31, 2024 and 2023; zero issued and outstanding, respectively | — | — |
| Common stock and additional paid-in-capital, $0.00001 par value; 150,000,000 shares authorized at December 31, 2024 and 2023; 104,585,964 and 103,941,626 shares issued and outstanding, respectively | 2,459.5 | 2,448.9 |
| Retained earnings | 1,166.4 | 1,135.1 |
| Accumulated other comprehensive loss, net | (321.9) | (356.5) |
| Total stockholders’ equity | 3,304.0 | 3,227.5 |
| Total liabilities and stockholders’ equity | $29,137.4 | $30,671.2 |
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