First Interstate BancSystem, Inc. (FIBK) reported an increase in profit for the first quarter.
Net income available to common shareholders increased to $20.0 million or $0.46 per share from $11.4 million or $0.26 per share in the comparable quarter last year.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.36 per share for the quarter. Analysts' estimates typically exclude special items.
Meanwhile, revenues totaled $91.6 million, up from $90.0 million prior year. Analysts expected revenues of $90.68 million.
Net-interest income for the latest quarter was $59.2 million, compared to $60.6 million in the prior year. Non-interest income totaled $28.8 million, up from $26.4 million in the year-ago quarter.
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