FIBK Earnings Prediction
The chart below shows how FIBK performed 10 days before and after its earnings report, based on data from the past quarters. Typically, FIBK sees a -1.88% change in stock price 10 days leading up to the earnings, and a -1.01% change 10 days following the report. On the earnings day itself, the stock moves by +0.44%. This data can give you a slight idea of what to expect for the next quarter's release.
FIBK Key Earning Data
2024/Q4
Year Over Year
Quarter Over Quarter
Total Revenue
253.50M
5.27%
5.58%
Gross Margin
--
--
--
Operating Margin
26.35%
-21.76%
-12.98%
Net Margin
20.55%
-19.54%
-11.12%
EPS
0.50
-15.25%
-7.41%
No Data Available
FIBK Earnings Analysis
First Interstate Bancsystem Inc Corporation (FIBK.O) Earnings Conference Call
Positive
Deposit Acquisition Success: Deposit growth of $151.5 million in Q4, indicating successful deposit acquisition strategies and stability in deposit mix.
Q4 Net Income Performance: Net income for Q4 was $52.1 million, demonstrating strong profitability despite a slight decrease from the previous quarter.
Net Interest Margin Increase: The fully tax equivalent net interest margin increased by 16 basis points to 3.2%, reflecting effective asset repricing and margin expansion.
Dividend Declaration and Yield: A dividend of $0.47 per share was declared, yielding 5.8%, showcasing a commitment to returning value to shareholders.
Capital Position Improvement: The common equity Tier 1 capital ratio improved to 12.16%, indicating a strong capital position and financial stability.
Negative
Net Income Decline: Net income decreased to $52.1 million or $0.50 per share in Q4, down from $55.5 million or $0.54 per share in Q3 2024, indicating a decline in profitability.
Loan Decline Challenges: Loans declined by $182.2 million in Q4, contributing to a loan-to-deposit ratio of 77.5%, reflecting challenges in loan growth and asset quality.
Credit Risk Increase: Net charge-offs totaled $55.2 million in Q4, with a provision expense of $33.7 million, indicating increased credit risk and potential future losses.
Increased Criticized Assets: Criticized assets increased significantly in Q4, with four loans totaling about $160 million representing over 90% of the net increase, highlighting concerns in the commercial real estate portfolio.
Rising Operational Costs: Non-interest expenses rose by $1.5 million in Q4, primarily due to higher medical insurance costs and short-term incentive accruals, indicating rising operational costs.
FIBK FAQs
How does FIBK typically perform around its earnings report dates?
Is First Interstate Bancsystem Inc (FIBK) Q4 2024 Earnings Call Summary positive or negative?
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FIBK Earning Call Sentiment
Earnings call transcript: First Interstate BancSystem Q4 2024 misses EPS forecast
FIBK.O
-2.94%Positive
The earnings call presented a mixed picture: while there were positives like a stable net interest margin and a strong capital ratio, challenges such as decreased net income, criticized assets, and modest loan growth expectations were evident. The Q&A revealed no significant risks but highlighted management's cautious outlook. The lack of specific shareholder return plans and modest financial performance suggest a neutral impact on the stock price. Considering the market cap, the stock is likely to remain stable, with no major catalysts for significant movement.