logo
Share SHARE
FONT-SIZE Plus   Neg

First Interstate BancSystem Q1 Profit Rises - Quick Facts

First Interstate BancSystem, Inc. (FIBK: Quote), the bank holding company for First Interstate Bank, Monday reported an increase in profit for the first quarter, primarily on lower loan loss provisions.

The Billings, Montana-based company reported a first-quarter net profit available to common shareholders of $11.36 million or $0.26 per share, compared to $8.66 million or $0.20 per share last year. On average, five analysts polled by Thomson Reuters expected earnings of $0.28 per share for the quarter. Analysts' estimates typically exclude special items.

Net interest income for the quarter dropped to $60.63 million from $61.80 million in the year-ago quarter. Total non-interest income for the quarter grew to $26.38 million from $20.16 million in the prior-year quarter.

Four analysts had a consensus revenue estimate of $87.68 million for the quarter.

Provision for credit losses decreased to $11.25 million from $15.0 million last year.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
Trolling celebrities on Twitter has been a favorite pastime for many. But now, Twitter has announced new updates to deal with such trolls, just weeks after CEO Dick Costolo admitted that the micro-blogging site "sucks" when it comes to dealing with trolls. Twitter said it has improved the process... You will soon be able to eat your coffee cups rather that looking for bins to dispose them. Fast-Food chain KFC will be launching the unique edible coffee cups that you can munch after you have slurped your hot cup of beverage. The heat-resistant chocolate coated cookie biscuit cup called "Scoff-ee... Fiat Chrysler Automobiles NV (FCAU) is recalling nearly 26 thousand Chrysler 200s to fix a transmission issue that may prevent the vehicle from shifting into "park." Chrysler said that certain 2015-model year Chrysler 200 vehicles with V6 engines were affected. Chrysler blamed "inconsistent assembly...
comments powered by Disqus
Follow RTT