Trade First Interstate BancSystem Inc - FIBK CFD

First Interstate BancSystem Company profile

About First Interstate Bancsystem Inc

First Interstate BancSystem, Inc. is a financial and bank holding company focused on community banking. The Company, through its banking subsidiary, First Interstate Bank, delivers a range of banking products and services, including online and mobile banking, to individuals, businesses, municipalities and others throughout its market areas. It provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and non-profit organizations. These services include the administration of estates and personal trusts, management of investment accounts for individuals, employee benefit plans and charitable foundations, and insurance planning. It operates approximately 147 banking offices, including detached drive-up facilities, in communities across six states, including Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming.

Financial summary

BRIEF: For the fiscal year ended 31 December 2021, First Interstate Bancsystem Inc interest income decreased 3% to $505.5M. Net interest income after loan loss provision increased 1% to $502.8M. Net income increased 19% to $192.1M. Net interest income after loan loss provision reflects Interest&Dividend-Invest. Sec. AFS/HTM increase of 6% to $67.1M, Interest&Dividend-Invest. Sec. AFS/HT increase from $2.7M to $5.6M.

Equity composition

Common Stock no Par Class A, 03/11, 10M auth. 15,610,989 issd. insiders 2.68% Class B Common no Par, 10M auth. 27,188,660 issd.,Preferred Stock no Par, 100K auth.,5,000 issd.