FIRST INTERSTATE BANCSYSTEM INC
For the period ended Sep 30, 2026. Filed Nov 2, 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.
Sep 30, 2026 · Filed Nov 2, 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) | Nine Months Ended September 30, | |
| (Unaudited) | 2026 | 2025 |
| Cash flows from operating activities: | ||
| Net income | $206.3 | $193.3 |
| Adjustments to reconcile net income from operations to net cash provided by operating activities: | ||
| Provision for credit losses | 14.0 | 19.7 |
| Net loss on disposal of premises and equipment | 1.9 | 5.1 |
| Depreciation and amortization | 37.8 | 36.4 |
| Net discount amortization on investment securities | (5.0) | (0.1) |
| Realized and unrealized net gains on mortgage banking activities | (1.1) | (1.5) |
| Net (gains) losses and write-downs of OREO and other assets pending disposal | (1.1) | 0.5 |
| Net gain on extinguishment of debt | — | 0.7 |
| Valuation allowance for loans held for sale | — | 6.1 |
| Deferred taxes | 9.3 | 11.9 |
| Net increase in cash surrender value of company-owned life insurance | (12.3) | (7.6) |
| Stock-based compensation expense | 9.0 | 10.5 |
| Originations of mortgage loans held for sale | (49.4) | (62.6) |
| Proceeds from sales of mortgage loans held for sale | 48.9 | 64.0 |
| 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) increase in accrued interest receivable | (2.4) | 10.2 |
| (Increase) decrease in other assets | (18.2) | 68.3 |
| Decrease in accrued interest payable | (5.8) | (4.6) |
| Increase (decrease) in accounts payable and accrued expenses | 6.2 | (107.7) |
| Net cash provided by operating activities | 218.6 | 238.3 |
| Cash flows from investing activities: | ||
| Purchases of investment securities | (1,299.0) | (652.0) |
| Proceeds from sales, maturities, and pay-downs of investment securities: | ||
| Held-to-maturity | 186.4 | 280.4 |
| Available-for-sale | 624.5 | 1,115.8 |
| Net sales of FHLB and FRB stock | — | 70.6 |
| Proceeds from company-owned life insurance settlements | 4.7 | 0.3 |
| Proceeds from sales of consumer credit card loans | — | 81.3 |
| Net change in loans held for investment | 1,199.1 | 1,608.3 |
| Proceeds from sale of OREO | 4.2 | 0.7 |
| Net cash distributed in sale of branches | (156.0) | — |
| Capital expenditures, net of sales | (17.0) | (19.5) |
| Net cash provided by investing activities | 546.9 | 2,485.9 |
| Cash flows from financing activities: | ||
| Net decrease in deposits | (455.7) | (410.6) |
| Net decrease (increase) in securities sold under repurchase agreements | 4.6 | (38.7) |
| Net decrease in other borrowed funds | — | (1,567.5) |
| Repayments of long-term debt | (0.2) | (100.1) |
| Payment of debt issuance costs | — | (2.8) |
| Proceeds from issuance of subordinated notes | — | 125.0 |
| Purchase and retirement of common stock | (234.4) | (30.7) |
| Dividends paid to common stockholders | (136.9) | (146.2) |
| Net cash used in financing activities | (822.6) | (2,171.6) |
| Net (decrease) increase in cash and cash equivalents | (57.1) | 552.6 |
| Cash and cash equivalents at beginning of period | 1,309.7 | 896.6 |
| Cash and cash equivalents at end of period | $1,252.6 | $1,449.2 |
| FIRST INTERSTATE BANCSYSTEM, INC. AND SUBSIDIARIESCONSOLIDATED STATEMENTS OF CASH FLOWS (continued) | ||
|---|---|---|
| (In millions) | Nine Months Ended September 30, | |
| (Unaudited) | 2026 | 2025 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid during the period for income taxes | $60.9 | $24.4 |
| Cash paid during the period for interest expense | 211.1 | 278.2 |
| Supplemental disclosures of noncash investing and financing activities: | ||
| Amortization of unrealized gains (losses) on transfers of securities | $(0.5) | $— |
| Right-of-use assets, net obtained in exchange for operating lease liabilities | 10.0 | 7.5 |
| Right-of-use assets, net obtained in exchange for financing lease liabilities | 0.5 | — |
| Transfer of held for sale to held for investment loans, net | 8.4 | — |
| Transfer of held for investment loans to held for sale, net | — | 311.1 |
| Transfer of loans to other real estate owned | 3.6 | 0.2 |
| Transfer of premises and equipment to held for sale | 5.4 | 13.2 |
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