FIRST INTERSTATE BANCSYSTEM INC — Form 8-K
Filed October 22, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 38/100
What the filing says
FIBK reported Q3 2026 net income of $62.2M ($0.65/diluted share), down 25.9% QoQ from $83.9M ($0.87) in Q2 2026 (which included a $19.5M Nebraska branch sale gain). YTD through September 30, the company repurchased 10.02M shares for $346.6M under its $450M authorization (initiated August 2025), with $103.4M remaining. Net interest margin improved to 3.53% (3.55% FTE basis), up 8bps QoQ and 19bps YoY. Non-performing assets decreased $10M to $155M; criticized loans increased slightly by $2.1M to $939.5M. Total deposits decreased $1.2B YoY (primarily from branch sales) to $21.4B; loans held for investment fell $296M QoQ to $14.0B. CET1 ratio 14.36%, total risk-based capital 17.16%, leverage ratio 9.49% (all preliminary).
Why this rating
Earnings decline driven by one-time Q2 gain; core metrics improving (NIM+, asset quality improving). Share buyback material (~13% of market cap deployed YTD) but normal capital management. Modest growth pressure offset by efficiency gains.
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