Andrew Terrell

Matthew Clark

Timur Braziler

Jeff Rulis

Christopher McGratty

Jared Shaw

Timothy Coffey

Jared David Shaw

John Roy

Kelly Motta

Nicholas Moutafakis

Samuel Varga

- First Interstate BancSystem (FIBK) reported **net income of $71.4 million** and **$0.69 per diluted share** for the third quarter of 2025.  **[0000860413_2216252_3]** 
- The company is actively executing a **share repurchase authorization** and completed the divestiture of branches in Arizona and Kansas in October, anticipating a **$60 million pre-tax gain** in Q4 2025.  **[0000860413_2216252_1]** **[0000860413_2216252_4]** **[0000860413_2216252_5]** 
- Credit quality stabilized in Q3 2025, with **non-performing assets decreasing 6% to $185.6 million** and **net charge-offs decreasing 60% to $2.3 million**.  **[0000860413_2216252_2]** 
- For 2026, FIBK anticipates **mid single-digit net interest income expansion** and **low single-digit expense growth**.  **[0000860413_2216252_5]**

First Interstate BancSystem Reports Q3 2025 Results and Strategic Updates

- First Interstate BancSystem, Inc. reported **net income of $71.4 million** and **$0.69 earnings per share** for the third quarter of 2025, with the **Net Interest Margin (FTE) increasing by 4 basis points to 3.36%**.  **[0000860413_2214226:10]** 
- The company's balance sheet showed a decrease in **Loans held for investment by $519.0 million** and **deposits by $25.6 million** from the prior quarter, while **other borrowed funds were reduced to $0** as of September 30, 2025.  **[0000860413_2214226:8]** **[0000860413_2214226:10]** 
- Capital ratios strengthened, with **CET1 at 13.90%** and **Total Risk-Based Capital at 16.62%** for Q3 2025.  **[0000860413_2214226:11]**  The company also repurchased approximately **1.8 million shares** for **$57.2 million** through October 28, 2025.  **[0000860413_2214226:8]** 
- Asset quality improved, with **net charge-offs of $2.3 million** (or **6 basis points** of average loans) and a **6.1% decrease in non-performing loans to $182.2 million**.  **[0000860413_2214226:10]**

First Interstate BancSystem, Inc. Reports Q3 2025 Earnings and Strategic Updates

- First Interstate BancSystem, Inc. reported **net income of $71.4 million**, or **$0.69 per diluted share**, for the third quarter of 2025.  **[860413_c3df1f5aeba14ff2975e8db5d59a57f4_0]**  This compares to net income of $71.7 million, or $0.69 per diluted share, for the second quarter of 2025 and $55.5 million, or $0.54 per diluted share, for the third quarter of 2024.  **[860413_c3df1f5aeba14ff2975e8db5d59a57f4_0]** 
- The company's **net interest margin increased to 3.34%** for the third quarter of 2025, a **4-basis point increase** from the second quarter of 2025 and a **33-basis point increase** from the third quarter of 2024.  **[860413_c3df1f5aeba14ff2975e8db5d59a57f4_0]** 
- **Other borrowed funds decreased to zero** as of September 30, 2025, from $250.0 million as of June 30, 2025.  **[860413_c3df1f5aeba14ff2975e8db5d59a57f4_0]**  Additionally, **non-performing assets decreased $11.9 million, or 6.0%**, to **$185.6 million** as of September 30, 2025.  **[860413_c3df1f5aeba14ff2975e8db5d59a57f4_0]** 
- Capital ratios continued to improve, with the common equity tier 1 capital ratio increasing **47 basis points to 13.90%** in the third quarter of 2025.  **[860413_c3df1f5aeba14ff2975e8db5d59a57f4_0]** 
- The company repurchased approximately **1.8 million shares** of common stock for approximately **$57.2 million** through October 28, 2025, and declared a dividend of **$0.47 per common share** on October 28, 2025.  **[860413_c3df1f5aeba14ff2975e8db5d59a57f4_0]** **[860413_c3df1f5aeba14ff2975e8db5d59a57f4_1]**

First Interstate BancSystem, Inc. Reports Third Quarter 2025 Earnings

- First Interstate BancSystem, Inc. reported **net income of $71.4 million**, or **$0.69 per diluted share**, for the third quarter of 2025.  **[860413_0000860413-25-000160_fibk-20250930x8kpr.htm:0]** **[860413_0000860413-25-000160_sep2025ip.htm:7]** **[860413_0000860413-25-000160_fibk-20250930x8kpr.htm:12]** 
- The net interest margin increased to **3.34%** for the third quarter of 2025, a **4-basis point increase** from the prior quarter, and the common equity tier 1 capital ratio improved **47 basis points to 13.90%**.  **[860413_0000860413-25-000160_fibk-20250930x8kpr.htm:0]** **[860413_0000860413-25-000160_sep2025ip.htm:7]** 
- Other borrowed funds decreased to **zero** as of September 30, 2025, from $250.0 million as of June 30, 2025, and non-performing assets decreased **$11.9 million, or 6.0%, to $185.6 million**.  **[860413_0000860413-25-000160_fibk-20250930x8kpr.htm:0]** **[860413_0000860413-25-000160_sep2025ip.htm:7]**  The company also had **no provision for credit losses** during the quarter.  **[860413_0000860413-25-000160_fibk-20250930x8kpr.htm:1]** **[860413_0000860413-25-000160_sep2025ip.htm:7]** 
- The Company repurchased approximately **1.8 million shares** of common stock for a total of approximately **$57.2 million** through October 28, 2025, and declared a dividend of **$0.47 per common share**.  **[860413_0000860413-25-000160_fibk-20250930x8kpr.htm:0]**

- First Interstate BancSystem, Inc. (FIBK) announced an agreement to sell **eleven Nebraska branches** to Security First Bank.  **[860413_0000860413-25-000155_fibk-20251016x8kprxnebraska.htm:0]** 
- The transaction involves the transfer of approximately **$280 million in deposits** and **$70 million in loans** as of September 30, 2025.  **[860413_0000860413-25-000155_fibk-20251016x8kprxnebraska.htm:0]** 
- The sale is subject to regulatory approval and customary closing conditions, with an expected closing in **early 2026**.  **[860413_0000860413-25-000155_fibk-20251016x8kprxnebraska.htm:0]**

First Interstate BancSystem to Sell 11 Nebraska Branches to Security First Bank

- **First Interstate BancSystem** has agreed to sell **eleven (11) Nebraska branches** from its subsidiary, First Interstate Bank, to **Security First Bank**.  **[860413_29c38509cf9e406490ec6e0066188453_0]** 
- As of **September 30, 2025**, the branches being acquired included approximately **$280 million in deposits** and **$70 million in loans**.  **[860413_29c38509cf9e406490ec6e0066188453_0]** 
- The transaction is subject to regulatory approval and is expected to close in **early 2026**.  **[860413_29c38509cf9e406490ec6e0066188453_0]** 
- This agreement allows First Interstate to **redeploy capital** to accelerate growth in its strongest markets.  **[860413_29c38509cf9e406490ec6e0066188453_0]**

First Interstate BancSystem to Divest 11 Nebraska Branches

- **Enterprise Bank & Trust (EB&T)**, a subsidiary of Enterprise Financial Services Corp (EFSC), has completed the acquisition of **twelve branches** from **First Interstate Bank (FIB)**, a wholly-owned subsidiary of First Interstate BancSystem, Inc..  **[860413_83293e59e9b148168053b6beac9864f4_0]** 
- The acquisition includes **ten branches in Arizona** and **two branches in Kansas**.  **[860413_83293e59e9b148168053b6beac9864f4_0]** 
- The acquired branches add approximately **$300 million in loans** and **$645 million in deposits**.  **[860413_83293e59e9b148168053b6beac9864f4_0]** 
- Following the acquisition, Enterprise will have approximately **$17 billion in total assets**.  **[860413_83293e59e9b148168053b6beac9864f4_0]**

Enterprise Bank & Trust Completes Branch Acquisition from First Interstate Bank

- First Interstate BancSystem, Inc. (FIBK) announced on **August 28, 2025**, that its board of directors adopted a new stock repurchase program.  **[860413_0000860413-25-000129_fibk-20250828.htm:1]** 
- The program authorizes the repurchase of up to **$150 million** worth of its common stock.  **[860413_0000860413-25-000129_fibk-20250828.htm:1]** 
- The stock repurchase program is authorized until **March 31, 2027**.  **[860413_0000860413-25-000129_fibk-20250828.htm:1]** 
- Repurchases may be conducted through various methods, including open market purchases, private transactions, block trades, or Rule 10b5-1 trading plans.  **[860413_0000860413-25-000129_fibk-20250828.htm:1]**

FIRST INTERSTATE BANCSYSTEM (FIBK)