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 Income
(In millions, except per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Interest income: | ||||
| Interest and fees on loans | $202.3 | $238.9 | $408.7 | $481.0 |
| Interest and dividends on investment securities: | ||||
| Taxable | 58.8 | 49.6 | 114.0 | 100.9 |
| Exempt from federal taxes | 0.7 | 0.7 | 1.4 | 1.4 |
| Interest and dividends on FHLB and FRB stock | 1.3 | 2.1 | 2.5 | 5.0 |
| Interest on deposits in banks | 7.5 | 6.2 | 15.3 | 12.5 |
| Total interest income | 270.6 | 297.5 | 541.9 | 600.8 |
| Interest expense: | ||||
| Interest on deposits | 62.5 | 75.3 | 127.1 | 150.4 |
| Interest on securities sold under repurchase agreements | 0.9 | 1.1 | 1.9 | 2.3 |
| Interest on other borrowed funds | — | 8.3 | — | 25.8 |
| Interest on long-term debt | 2.6 | 2.7 | 5.2 | 4.4 |
| Interest on subordinated debentures held by subsidiary trusts | 2.4 | 2.9 | 4.8 | 5.7 |
| Total interest expense | 68.4 | 90.3 | 139.0 | 188.6 |
| Net interest income | 202.2 | 207.2 | 402.9 | 412.2 |
| (Reduction of) provision for credit losses | (3.2) | (0.3) | 3.5 | 19.7 |
| Net interest income after provision for credit losses | 205.4 | 207.5 | 399.4 | 392.5 |
| Noninterest income: | ||||
| Payment services revenues | 16.8 | 17.8 | 32.4 | 34.9 |
| Mortgage banking revenues | 1.5 | 1.8 | 2.8 | 3.2 |
| Wealth management revenues | 10.6 | 9.7 | 21.1 | 19.5 |
| Service charges on deposit accounts | 6.6 | 6.9 | 13.1 | 13.5 |
| Other service charges, commissions, and fees | 1.9 | 2.1 | 4.0 | 4.4 |
| Other income | 4.8 | 2.8 | 9.9 | 7.6 |
| Gain on sale of branches, net | 19.5 | — | 19.5 | — |
| Total noninterest income | 61.7 | 41.1 | 102.8 | 83.1 |
| Noninterest expense: | ||||
| Salaries and wages | 64.9 | 65.0 | 133.4 | 133.6 |
| Employee benefits | 19.0 | 17.9 | 40.2 | 37.9 |
| Outsourced technology services | 16.7 | 13.3 | 32.6 | 27.5 |
| Occupancy, net | 13.6 | 13.4 | 27.0 | 27.1 |
| Furniture and equipment | 4.4 | 5.2 | 9.6 | 10.2 |
| OREO expense, net | 0.6 | — | (0.5) | 0.5 |
| Professional fees | 6.1 | 5.7 | 11.0 | 11.2 |
| FDIC insurance premiums | 3.4 | 4.0 | 6.2 | 8.3 |
| Other intangibles amortization | 3.3 | 3.4 | 6.6 | 6.8 |
| Other expenses | 26.9 | 27.2 | 50.4 | 52.6 |
| Total noninterest expense | 158.9 | 155.1 | 316.5 | 315.7 |
| Income before income tax | 108.2 | 93.5 | 185.7 | 159.9 |
| Provision for income tax | 24.3 | 21.8 | 41.6 | 38.0 |
| Net income | $83.9 | $71.7 | $144.1 | $121.9 |
| Earnings per common share (Basic) | $0.87 | $0.69 | $1.47 | $1.18 |
| Earnings per common share (Diluted) | 0.87 | 0.69 | 1.47 | 1.18 |
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