FIRST INTERSTATE BANCSYSTEM INC
For the period ended Dec 31, 2025. Filed Feb 26, 2026.
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FY2025 · Filed Feb 26, 2026
FIBK$38.00-1.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Income
(In millions, except per share data)
| Year Ended December 31, | 2025 | 2024 | 2023 |
|---|---|---|---|
| Interest income: | |||
| Interest and fees on loans | $935.6 | $1,022.2 | $979.7 |
| Interest and dividends on investment securities: | |||
| Taxable | 199.4 | 243.5 | 269.1 |
| Exempt from federal taxes | 2.9 | 2.8 | 3.2 |
| Interest and dividends on FHLB and FRB stock | 7.4 | 11.8 | 12.4 |
| Interest on deposits in banks | 32.7 | 22.2 | 15.7 |
| Total interest income | 1,178.0 | 1,302.5 | 1,280.1 |
| Interest expense: | |||
| Interest on deposits | 299.8 | 325.9 | 242.6 |
| Interest on securities sold under repurchase agreements | 4.7 | 6.7 | 6.4 |
| Interest on other borrowed funds | 26.2 | 123.4 | 133.8 |
| Interest on long-term debt | 10.7 | 11.8 | 5.8 |
| Interest on subordinated debentures held by subsidiary trusts | 11.2 | 13.1 | 12.7 |
| Total interest expense | 352.6 | 480.9 | 401.3 |
| Net interest income | 825.4 | 821.6 | 878.8 |
| Provision for credit losses | 26.8 | 67.8 | 32.2 |
| Net interest income after provision for credit losses | 798.6 | 753.8 | 846.6 |
| Noninterest income: | |||
| Payment services revenues | 67.9 | 73.6 | 76.4 |
| Mortgage banking revenues | 5.8 | 6.6 | 8.4 |
| Wealth management revenues | 40.6 | 38.8 | 35.3 |
| Service charges on deposit accounts | 27.0 | 25.7 | 23.0 |
| Other service charges, commissions, and fees | 8.8 | 9.0 | 9.5 |
| Investment securities losses, net | — | — | (23.5) |
| Other income | 83.3 | 24.4 | 17.9 |
| Total noninterest income | 233.4 | 178.1 | 147.0 |
| Noninterest expense: | |||
| Salaries and wages | 274.6 | 270.9 | 263.1 |
| Employee benefits | 74.6 | 76.4 | 75.3 |
| Outsourced technology services | 57.5 | 56.2 | 59.0 |
| Occupancy, net | 54.8 | 48.7 | 48.0 |
| Furniture and equipment | 20.6 | 20.7 | 22.1 |
| OREO expense, net | 0.5 | 4.1 | 1.5 |
| Professional fees | 23.7 | 21.6 | 19.1 |
| FDIC insurance premiums | 14.4 | 24.0 | 31.5 |
| Other intangibles amortization | 13.6 | 14.6 | 15.7 |
| Other expenses | 106.0 | 100.2 | 121.5 |
| Total noninterest expense | 640.3 | 637.4 | 656.8 |
| Income before income tax | 391.7 | 294.5 | 336.8 |
| Provision for income tax | 89.6 | 68.5 | 79.3 |
| Net income | $302.1 | $226.0 | $257.5 |
| Earnings per common share (Basic) | $2.95 | $2.19 | $2.48 |
| Earnings per common share (Diluted) | 2.94 | 2.19 | 2.48 |
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