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Articles from First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc. Announces Chief Financial Officer Succession
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) announced today that Marcy D. Mutch notified the Company of her intention to retire as a full-time employee at the end of 2025 after more than 18 years of faithful service to the Company, and to step down after a transition period as the Company’s Executive Vice President and Chief Financial Officer (CFO) effective May 31, 2025. Ms. Mutch has agreed to serve as an executive advisor to the Company through the end of 2025 after she steps down from her executive officer role, during which time she will be expected to assist the Company with, among other things, providing strategic continuity and high-level support to the Company, assisting the Chief Executive Officer (CEO) with the continuation of the CFO role transition, acting as a liaison between the board of directors of the Company, executive management, and the Company’s investment community as requested by the CEO, coordinating cross-functional initiatives, and assisting with investor relations. Ms. Mutch also has agreed to serve as a consultant to the Company following her retirement from employment through December 31, 2026.
By First Interstate BancSystem, Inc. · Via Business Wire · February 25, 2025
First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the fourth quarter of 2024. For the quarter, the Company reported net income of $52.1 million, or $0.50 per diluted share, which compares to net income of $55.5 million, or $0.54 per diluted share, for the third quarter of 2024 and net income of $61.5 million, or $0.59 per diluted share, for the fourth quarter of 2023.
By First Interstate BancSystem, Inc. · Via Business Wire · January 29, 2025
First Interstate BancSystem, Inc. Announces Fourth Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report fourth quarter results after the market closes on Wednesday, January 29, 2025. A conference call for investors is scheduled for Thursday, January 30, 2025 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly and year-end results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Reports Third Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the third quarter of 2024. For the quarter, the Company reported net income of $55.5 million, or $0.54 per share, which compares to net income of $60.0 million, or $0.58 per share, for the second quarter of 2024 and net income of $72.7 million, or $0.70 per share, for the third quarter of 2023.
By First Interstate BancSystem, Inc. · Via Business Wire · October 24, 2024
First Interstate BancSystem, Inc. Announces Appointment of James A. Reuter as President and CEO
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate or the “Company”) announced today the appointment of James (Jim) A. Reuter as President and Chief Executive Officer, effective November 1, 2024, replacing Kevin P. Riley, whose retirement was announced earlier this year.
First Interstate BancSystem, Inc. Announces Third Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report third quarter results after the market closes on Thursday, October 24, 2024. A conference call for investors is scheduled for Friday, October 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Reports Second Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the second quarter of 2024. For the quarter, the Company reported net income of $60.0 million, or $0.58 per share, which compares to net income of $58.4 million, or $0.57 per share, for the first quarter of 2024 and net income of $67.0 million, or $0.65 per share, for the second quarter of 2023.
First Interstate BancSystem, Inc. Announces Second Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Thursday, July 25, 2024. A conference call for investors is scheduled for Friday, July 26, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Announces President and CEO Kevin P. Riley’s Retirement
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) announced today the upcoming retirement of President and Chief Executive Officer Kevin P. Riley and has initiated a search for his successor. Riley will continue to serve in his role as President and CEO until a successor is appointed.
First Interstate BancSystem, Inc. Reports First Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the first quarter of 2024. For the quarter, the Company reported net income of $58.4 million, or $0.57 per share, which compares to net income of $61.5 million, or $0.59 per share, for the fourth quarter of 2023 and net income of $56.3 million, or $0.54 per share, for the first quarter of 2023.
First Interstate BancSystem, Inc. Announces First Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Wednesday, April 24, 2024. A conference call for investors is scheduled for Thursday, April 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the fourth quarter of 2023. For the quarter, the Company reported net income of $61.5 million, or $0.59 per share, which compares to net income of $72.7 million, or $0.70 per share, for the third quarter of 2023, and net income of $85.8 million, or $0.82 per share, for the fourth quarter of 2022. Results in the fourth quarter of 2022 include pre-tax acquisition costs of $3.9 million, which reduced earnings by $0.03 per share.
By First Interstate BancSystem, Inc. · Via Business Wire · January 30, 2024
First Interstate BancSystem, Inc. Announces Fourth Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report fourth quarter results after the market closes on Tuesday, January 30, 2024. A conference call for investors is scheduled for Wednesday, January 31, 2024, at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly and year-end results. There will be a question-and-answer session following the presentation.
By First Interstate BancSystem, Inc. · Via Business Wire · January 12, 2024
Lori A. Meyer Named Chief Information Officer at First Interstate
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) has appointed Lori A. Meyer as Executive Vice President and Chief Information Officer (“CIO”).
By First Interstate BancSystem, Inc. · Via Business Wire · December 1, 2023
First Interstate BancSystem, Inc. Reports Third Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the third quarter of 2023. For the quarter, the Company reported net income of $72.7 million, or $0.70 per share, which compares to net income of $67.0 million, or $0.65 per share, for the second quarter of 2023, and net income of $85.7 million, or $0.80 per share, for the third quarter of 2022.
By First Interstate BancSystem, Inc. · Via Business Wire · October 25, 2023
First Interstate BancSystem, Inc. Announces Third Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report third quarter results after the market closes on Wednesday, October 25, 2023. A conference call for investors is scheduled for Thursday, October 26, 2023, at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
By First Interstate BancSystem, Inc. · Via Business Wire · October 11, 2023
Lorrie L. Asker Named Chief Banking Officer at First Interstate
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate” or the “Company”) has appointed Lorrie L. Asker as Executive Vice President and Chief Banking Officer (“CBO”). Asker has been serving as Interim CBO since February 2023. With a 30-year track record of building strong relationships and producing results, Asker’s expertise encompasses the development of long-term strategic plans that address the changing landscape of banking products and services. Asker oversees all retail and commercial banking operations across First Interstate’s 14-state footprint.
First Interstate Subscribes to Two Community Solar Gardens to Increase Sustainability
First Interstate BancSystem, Inc. (NASDAQ: FIBK) is increasing its sustainability efforts by subscribing to two community solar gardens — one in Iowa and one in Oregon. Community solar gardens are solar projects built in partnership with utility providers to generate solar power close to where it is consumed. They offer multiple subscribers the opportunity to participate and receive renewable, local, clean energy.
First Interstate BancSystem, Inc. Reports Second Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the second quarter of 2023. For the quarter, the Company reported net income of $67.0 million, or $0.65 per share, which compares to net income of $56.3 million, or $0.54 per share, for the first quarter of 2023, and net income of $64.1 million, or $0.59 per share, for the second quarter of 2022.
First Interstate BancSystem, Inc. Announces Second Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Wednesday, July 26, 2023. A conference call for investors is scheduled for Thursday, July 27, 2023 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Reports First Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the first quarter of 2023. For the quarter, the Company reported net income of $56.3 million, or $0.54 per share, which compares to net income of $85.8 million, or $0.82 per share, for the fourth quarter of 2022, and a net loss of $33.4 million, or $0.36 per share, for the first quarter of 2022.
First Interstate BancSystem, Inc. Announces First Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Wednesday, April 26, 2023. A conference call for investors is scheduled for Thursday, April 27, 2023 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the fourth quarter of 2022. For the quarter, the Company reported net income of $85.8 million, or $0.82 per diluted share, which compares to net income of $85.7 million, or $0.80 per share, for the third quarter of 2022, and net income of $51.1 million, or $0.83 per share, for the fourth quarter of 2021.
By First Interstate BancSystem, Inc. · Via Business Wire · January 26, 2023
First Interstate BancSystem, Inc. Announces Fourth Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report fourth quarter results after the market closes on Thursday, January 26, 2023. A conference call for investors is scheduled for Friday, January 27, 2023 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly and year-end results. There will be a question-and-answer session following the presentation.
By First Interstate BancSystem, Inc. · Via Business Wire · January 10, 2023
First Interstate BancSystem, Inc. Reports Third Quarter Earnings and Announces a 14.6% Increase in the Quarterly Cash Dividend to $0.47 per Share
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the third quarter of 2022. For the quarter, the Company reported net income of $85.7 million, or $0.80 per share, which compares to net income of $64.1 million, or $0.59 per share, for the second quarter of 2022, and net income of $47.1 million, or $0.76 per share, for the third quarter of 2021.
By First Interstate BancSystem, Inc. · Via Business Wire · October 25, 2022
Ashley Hayslip Joins First Interstate as Chief Banking Officer
First Interstate BancSystem, Inc. (NASDAQ: FIBK) is pleased to announce that Ashley Hayslip has accepted her appointment, effective November 28, 2022, as Executive Vice President, Chief Banking Officer of First Interstate Bank. In her new role, Ms. Hayslip will lead First Interstate Bank’s retail and commercial teams as well as oversee First Interstate Wealth Management and First Interstate Investment Services.
First Interstate BancSystem, Inc. Announces Third Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report third quarter results after the market closes on Tuesday, October 25, 2022. A conference call for investors is scheduled for Wednesday, October 26, 2022 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Reports Second Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the second quarter of 2022. For the quarter, the Company reported a net income of $64.1 million, or $0.59 per share, which compares to a net loss of $33.4 million, or $(0.36) per share, for the first quarter of 2022, and net income of $42.5 million, or $0.69 per share, for the second quarter of 2021.
First Interstate BancSystem, Inc. Announces Second Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Tuesday, July 26, 2022. A conference call for investors is scheduled for Wednesday, July 27 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate Bank Completes Expansion into Eight New States with Great Western Bank Conversion
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, announced that effective today, all Great Western Bank locations are now open and operating as First Interstate Bank branches. The successful conversion allows First Interstate to directly serve clients and communities in eight new states (14 states total) and brings First Interstate’s total number of branches to more than 300 convenient locations.
First Interstate BancSystem, Inc. Reports First Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the first quarter of 2022. For the quarter, the Company reported a net loss of $33.4 million, or $0.36 per share, which compares to net income of $51.1 million, or $0.83 per share, for the fourth quarter of 2021, and net income of $51.4 million, or $0.83 per share, for the first quarter of 2021.
First Interstate BancSystem, Inc. Announces First Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Thursday, April 28, 2022. A conference call for investors is scheduled for Friday, April 29, 2022 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Announces Effectiveness of Automatic Conversion of its Class B Common Stock into Class A Common Stock
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“FIBK”), parent company of First Interstate Bank, announced today that all outstanding shares of its Class B common stock automatically converted into Class A common stock on a one-for-one basis before the markets opened for trading. The conversion had no effect on the economic rights of holders of shares of Class A common stock or Class B common stock; the conversion merely eliminated the different voting powers of the two classes of common stock. FIBK does not expect the conversion to have any material effect on its future operations.
First Interstate BancSystem, Inc. Completes Merger with Great Western Bancorp, Inc.
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“FIBK”), parent company of First Interstate Bank, announced that effective today, it has completed its previously announced merger with Great Western Bancorp, Inc. (“GWB”), parent company of Great Western Bank. The combined holding company will operate under the First Interstate name and brand with the company’s headquarters remaining in Billings, Montana.
By First Interstate BancSystem, Inc. · Via Business Wire · February 1, 2022
First Interstate BancSystem Announces New Members of Executive Team
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“FIBK”), parent company of First Interstate Bank, announced today that it expects Scott Erkonen and Karlyn Knieriem to join the FIBK executive team upon the closing of the previously announced merger of Great Western Bancorp, Inc. (“GWB”) into FIBK. At the effective time of the merger, Mr. Erkonen will serve as the Chief Information Officer and Ms. Knieriem will serve as the Chief Risk Officer.
By First Interstate BancSystem, Inc. · Via Business Wire · January 27, 2022
First Interstate BancSystem, Inc. Reports Fourth Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the fourth quarter of 2021. For the quarter, the Company reported net income of $51.1 million, or $0.83 per share, which compares to net income of $47.1 million, or $0.76 per share, for the third quarter of 2021, and $46.9 million, or $0.76 per share, for the fourth quarter of 2020.
By First Interstate BancSystem, Inc. · Via Business Wire · January 27, 2022
First Interstate BancSystem and Great Western Bancorp Receive Final Regulatory and Shareholder Approvals to Merge
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“FIBK”), parent company of First Interstate Bank, and Great Western Bancorp, Inc. (NYSE: GWB) (“GWB”), parent company of Great Western Bank, jointly announced today that they have received all required regulatory clearances as well as approvals of the shareholders of FIBK and stockholders of GWB related to the proposed merger of FIBK and GWB and the merger of FIBK’s and GWB’s respective subsidiary banks, First Interstate Bank and Great Western Bank.
By First Interstate BancSystem, Inc. · Via Business Wire · January 20, 2022
First Interstate BancSystem, Inc. Announces Fourth Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report fourth quarter results after the market closes on Thursday, January 27, 2022. A conference call for investors is scheduled for Friday, January 28, 2022, at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly and year-end results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem Receives Regulatory Approvals from the Federal Reserve System and Montana Division of Banking for Great Western Bancorp Merger
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“FIBK”), parent company of First Interstate Bank, and Great Western Bancorp, Inc. (NYSE: GWB) (“GWB”), parent company of Great Western Bank, today jointly announced that they have received the required regulatory clearances from the Board of Governors of the Federal Reserve System and the Montana Division of Banking and Financial Institutions related to the proposed merger of FIBK and GWB and the merger of FIBK’s and GWB’s respective subsidiary banks, First Interstate Bank and Great Western Bank.
By First Interstate BancSystem, Inc. · Via Business Wire · December 22, 2021
First Interstate BancSystem, Inc. Reports Third Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the third quarter of 2021. For the quarter, the Company reported net income of $47.1 million, or $0.76 per share, which compares to net income of $42.5 million, or $0.69 per share, for the second quarter of 2021, and $48.3 million, or $0.76 per share, for the third quarter of 2020.
By First Interstate BancSystem, Inc. · Via Business Wire · October 26, 2021
First Interstate BancSystem, Inc. Announces Third Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report third quarter results after the market closes on Tuesday, October 26, 2021. A conference call for investors is scheduled for Wednesday, October 27, 2021, at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. and Great Western Bancorp, Inc. to Join Forces
First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“FIBK”), parent company of First Interstate Bank, and Great Western Bancorp, Inc. (NYSE: GWB) (“GWB”), parent company of Great Western Bank, announced today they have entered into a definitive agreement under which the companies will combine in an all‐stock transaction.
By First Interstate BancSystem, Inc. · Via Business Wire · September 16, 2021
First Interstate BancSystem, Inc. Reports Second Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the second quarter of 2021. For the quarter, the Company reported net income of $42.5 million, or $0.69 per share, which compares to net income of $51.4 million, or $0.83 per share, for the first quarter of 2021, and $36.7 million, or $0.57 per share, for the second quarter of 2020.
First Interstate BancSystem, Inc. Announces Second Quarter Earnings Release and Conference Call
First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Tuesday, July 27, 2021. A conference call for investors is scheduled for Wednesday, July 28, 2021 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation.
First Interstate BancSystem, Inc. Reports First Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ: FIBK) today reported financial results for the first quarter of 2021. For the quarter, the Company reported net income of $51.4 million, or $0.83 per share, which compares to net income of $46.9 million, or $0.76 per share, for the fourth quarter of 2020, and $29.3 million, or $0.45 per share, for the first quarter of 2020.