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Net interest margin expanded for the 10th consecutive quarter in Q3 2026. First Interstate repurchased 2 million shares of common stock during Q3 2026.
First Interstate BancSystem, Inc. ( FIBK ) Q3 2026 Earnings Call October 23, 2026 9:30 AM EDT Company Participants Nancy Vermeulen James Reuter - President, CEO & Director David Camera - Executive VP & CFO Conference Call Participants Andrew Terrell - Stephens Inc., Research Division Matthew Clark - Piper Sandler & Co., Research Division Jeff Rulis - D.A. Davidson & Co., Research Division Andrew Liesch - StoneX Financial, Inc., Research Division Kelly Motta - Keefe, Bruyette, & Woods, Inc., Research Division Timothy Coffey - Brean Capital, LLC, Research Division Samuel Varga - UBS Investment Bank, Research Division Terence McEvoy - Wells Fargo Securities, LLC, Research Division Presentation Operator Ladies and gentlemen, thank you for joining us, and welcome to the First Interstate BancSystem, Inc. Third Quarter 2026 Earnings Call.
First Interstate BancSystem NASDAQ: FIBK reported third-quarter net income of $62.2 million, or $0.65 per diluted share, compared with $83.9 million, or $0.87 per diluted share, in the second quarter. The sequential decline reflected lower non-interest income, which had included a $19.5 million gain in the prior quarter from a Nebraska branch transaction.
First Interstate BancSystem earns a Hold rating as core earnings growth remains weak, despite some net interest margin improvement. FIBK's Q3 2026 net income of $62.2M missed expectations and was down 12.9% year-over-year, with branch sales masking tepid operational performance. Loan portfolio contraction, declining asset base, and operational metrics below top regional peers undermine the investment case, even as NIM rises to 3.53%.
Although the revenue and EPS for First Interstate BancSystem (FIBK) give a sense of how its business performed in the quarter ended September 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
First Interstate BancSystem (FIBK) came out with quarterly earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.7 per share. This compares to earnings of $0.69 per share a year ago.
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the third quarter of 2026. For the quarter, the Company reported net income of $62.2 million, or $0.65 per diluted share, which compares to net income of $83.9 million, or $0.87 per diluted share, for the second quarter of 2026 and net income of $71.4 million, or $0.69 per diluted share, for the third quarter of 2025. The second quarter of 2026 includes a $19.5.
Beyond analysts' top-and-bottom-line estimates for First Interstate BancSystem (FIBK), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended September 2026.