FIRST INTERSTATE BANCSYSTEM INC
For the period ended Jun 30, 2026. Filed Aug 3, 2026.
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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.
Jun 30, 2026 · Filed Aug 3, 2026
FIBK$38.00-1.1%Stored close · as of Nov 10, 2026
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Consolidated Statements of Cash Flows
| FIRST INTERSTATE BANCSYSTEM, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS | ||
|---|---|---|
| (In millions) | Six Months Ended June 30, | |
| (Unaudited) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $144.1 | $121.9 |
| Adjustments to reconcile net income from operations to net cash provided by operating activities: | ||
| Provision for credit losses | 3.5 | 19.7 |
| Net loss on disposal of premises and equipment | 0.5 | 2.5 |
| Depreciation and amortization | 25.0 | 20.0 |
| Net discount amortization on investment securities | (2.9) | (0.2) |
| Realized and unrealized net gains on mortgage banking activities | (0.7) | (1.0) |
| Net (gains) losses and write-downs of OREO and other assets pending disposal | (1.0) | 0.5 |
| Valuation allowance for loans held for sale | — | 7.3 |
| Deferred taxes | 10.4 | 12.0 |
| Net increase in cash surrender value of company-owned life insurance | (8.1) | (4.0) |
| Stock-based compensation expense | 5.8 | 7.2 |
| Originations of mortgage loans held for sale | (28.0) | (43.8) |
| Proceeds from sales of mortgage loans held for sale | 27.3 | 41.3 |
| Gain on sale of consumer credit card loans | — | (4.3) |
| Gain on sale of branches, net | (19.5) | — |
| Changes in operating assets and liabilities: | ||
| Decrease in accrued interest receivable | 4.3 | 11.1 |
| (Increase) decrease in other assets | (21.2) | 57.4 |
| Decrease in accrued interest payable | (8.9) | (5.7) |
| Decrease in accounts payable and accrued expenses | (17.7) | (95.3) |
| Net cash provided by operating activities | 112.9 | 146.6 |
| Cash flows from investing activities: | ||
| Purchases of investment securities | (862.4) | (78.3) |
| Proceeds from sales, maturities, and pay-downs of investment securities: | ||
| Held-to-maturity | 128.7 | 119.7 |
| Available-for-sale | 404.0 | 506.7 |
| Net sales of FHLB and FRB stock | — | 59.3 |
| Purchases of company-owned life insurance | — | 0.3 |
| Proceeds from company-owned life insurance settlements | 3.7 | — |
| Proceeds from sales of consumer credit card loans | — | 81.3 |
| Net change in loans held for investment | 913.0 | 1,064.6 |
| Proceeds from sale of OREO | 2.7 | 0.7 |
| Net cash distributed in sale of branches | (156.0) | — |
| Capital expenditures, net of sales | (12.9) | (12.1) |
| Net cash provided by investing activities | 420.8 | 1,742.2 |
| Cash flows from financing activities: | ||
| Net decrease in deposits | (402.9) | (385.0) |
| Net decrease in securities sold under repurchase agreements | (24.4) | (14.6) |
| Net decrease in other borrowed funds | — | (1,317.5) |
| Repayments of long-term debt | (0.1) | (0.1) |
| Proceeds on long-term debt | — | 125.0 |
| Payment of debt issuance costs | — | (2.7) |
| Purchase and retirement of common stock | (157.2) | (3.2) |
| Dividends paid to common stockholders | (91.7) | (97.1) |
| Net cash used in financing activities | (676.3) | (1,695.2) |
| Net (decrease) increase in cash and cash equivalents | (142.6) | 193.6 |
| Cash and cash equivalents at beginning of period | 1,309.7 | 896.6 |
| Cash and cash equivalents at end of period | $1,167.1 | $1,090.2 |
| FIRST INTERSTATE BANCSYSTEM, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (continued) | ||
|---|---|---|
| (In millions) | Six Months Ended June 30, | |
| (Unaudited) | 2026 | 2025 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for income taxes | $43.8 | $14.8 |
| Cash paid during the period for interest expense | 148.2 | 194.3 |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Amortization of unrealized gains (losses) on transfers of securities | $(0.3) | $— |
| Right-of-use assets, net obtained in exchange for operating lease liabilities | 9.1 | — |
| Right-of-use assets, net obtained in exchange for financing lease liabilities | 0.4 | — |
| Transfer of held for sale to held for investment loans, net | 8.4 | — |
| Transfer of held for investment loans to held for sale, net | — | 338.6 |
| Transfer of loans to other real estate owned | 3.6 | 0.2 |
| Transfer of premises and equipment to held for sale | 1.5 | 12.6 |
| Capitalization of internally originated mortgage servicing rights | 0.3 | 0.3 |
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