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First Interstate Bancsystem ( (FIBK) ) just unveiled an announcement.
First Interstate BancSystem, Inc. reported a decrease in net income for the fourth quarter of 2024, with $52.1 million or $0.50 per diluted share, down from $55.5 million in the previous quarter and $61.5 million in the same quarter of 2023. The company appointed James A. Reuter as the new CEO and announced a dividend of $0.47 per share, reflecting a 5.8% annualized yield. Despite challenges such as an increase in criticized loans and net charge-offs, the bank showed improvements in net interest margin and capital ratios, along with a strategic reduction in borrowed funds, positioning itself for long-term growth.
More about First Interstate Bancsystem
First Interstate BancSystem, Inc. operates in the financial services industry, offering a range of banking products and services. The company is focused on serving communities with a strong emphasis on client-centric banking solutions.
YTD Price Performance: 4.01%
Average Trading Volume: 641,077
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $3.47B
For a thorough assessment of FIBK stock, go to TipRanks’ Stock Analysis page.
