First Interstate BancSystem, Inc. (FIBK) Earnings
First Interstate BancSystem, Inc. is expected to report next earnings on July 28, 2026 (in NaN days), with a consensus EPS estimate of $0.64. FIBK has beaten EPS estimates in 7 of its last 12 reported quarters (average surprise +27.1% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 30, 2026 | $0.60 | $0.61 | +1.7% | $242M | -0.4% |
| Jan 28, 2026 | $0.64 | $1.08 | +68.8% | $313M | +28.7% |
| Oct 29, 2025 | $0.59 | $0.69 | +16.9% | $251M | -1.3% |
| Jul 29, 2025 | $0.57 | $0.69 | +21.1% | $248M | -4.0% |
| Jan 29, 2025 | $0.49 | $0.50 | +2.0% | $261M | +3.1% |
| Oct 24, 2024 | $0.58 | $0.54 | -6.9% | $252M | +0.3% |
| Jul 25, 2024 | $0.55 | $0.58 | +5.5% | $244M | -2.7% |
| Jan 30, 2024 | $0.61 | $0.59 | -3.3% | $252M | -0.2% |
| Oct 25, 2023 | $0.62 | $0.70 | +12.9% | $256M | -1.4% |
| Jul 26, 2023 | $0.68 | $0.65 | -4.4% | $263M | -3.5% |
| Jan 26, 2023 | $1.03 | $0.82 | -20.4% | $300M | -4.4% |
| Oct 25, 2022 | $0.90 | $0.80 | -11.1% | $290M | -2.5% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · April 30, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- Completed redesign of banking organization to a flatter, more streamlined model. - Reoriented branch network, including divestitures, closures, and openings. - Focused on disciplined earning asset growth. - Credit quality generally stable with modest decline in criticized loans. - Invested in digital channels and data management. - Brought new marketing partner and developing creative campaign.
Guidance
- Guidance generally consistent with prior quarter with little change to ranges for net interest income, noninterest income, and noninterest expense. - Anticipates decline in loan balances in second quarter with stabilization and modest growth in back half. - Anticipates benefit from fixed asset repricing over next couple of years with $2.6 billion of fixed and adjustable rate loans to mature or reprice and $2 billion of securities cash flows. - Anticipates sequential improvement in net interest margin each quarter in 2026 and into 2027.
Segment performance
Net income was $60.2 million, or 61 cents per diluted share in the first quarter. Net interest income decreased by $5.7 million to $200.7 million. Non-interest income was $41.1 million, a decrease from the prior quarter. Non-interest expense was $157.6 million, a decrease from the prior quarter. Loans decreased by $473.2 million. Total deposits decreased $205.3 million. Net charge-offs were $2.4 million, or six basis points of average loans. Criticized loans decreased $18.6 million. The ratio of loans held for investment to deposits was 67.3% at quarter end.
Analyst Q&A
Q: On loan growth and pipeline,
A: Saw good pipeline activity, best in 18 months, stronger in Rocky Mountain region.
Q: On NPL interest reversal and loan yields,
A: Decline was impact of 4Q rate cuts.
Q: On securities and cash position,
A: Cash position may move due to deposit seasonality, will continue to be active in investment space.
Q: On weighted average rate on new loans and securities,
A: Loans first quarter low sixes, later in quarter higher; new securities around 60 basis points.
Q: On deposit costs and opportunities,
A: March interest-bearing deposit cost 155, expect settlement around that.
Q: On criticized portfolio,
A: Stabilization in credit bucket, directionally improvement over long term.
Q: On payment services revenue,
A: Bankers bringing deposits and partners, impact of consumer credit card outsourcing and seasonality.
Q: On data management and AI,
A: Project to get one clean data source wraps up early summer, piloting business development tool with AI.
Q: On non-performer loan and ag trends,
A: Loan called out has been on radar, ag lending had 100 million leave due to annual reviews, mixed impact from energy prices.
Q: On NII guide and earning assets,
A: Guide implies range, back half better with deposit seasonality.
Q: On margin lift and movement,
A: Sequential expansion expected, back half with tailwind.
Q: On credit and criticized portfolio,
A: Not tied renewal to criticized portfolio movement.
Q: On deposits and sale impact,
A: Nebraska sold deposits slightly lower, mostly seasonality for deposit range.
Q: On criticized portfolio dynamics,
A: Living, breathing part with movement in and out.
Q: On buybacks and capital,
A: View buybacks as important tool, active but dollar amount depends on circumstances.
Q: On NII cadence and factors,
A: Back half better with branch transaction, day count and seasonality impact.
Q: On deposits and return to guide range,
A: Mostly seasonality with slight year-over-year growth.
Q: On criticized portfolio movement,
A: Dynamic with movement in and out.
Q: On average earning assets range,
A: Guide in 24 to 24.5 range