Revenue: As of FY2026 Q2, the actual value is USD 263.9 M.

EPS: As of FY2026 Q2, the actual value is USD 0.87, beating the estimate of USD 0.6438.

EBIT: As of FY2026 Q2, the actual value is USD 108.2 M.

Dividend Declaration

First Interstate BancSystem, Inc. declared a dividend of $0.47 per share on July 22, 2026, payable on August 14, 2026, to shareholders of record as of August 4, 2026.

Balance Sheet (as of June 30, 2026)

• Assets: $25.9 Billion.
• Loans Held for Investment (LHFI): $14.3 Billion.
• Deposits: $21.4 Billion.
• Allowance for Credit Losses (ACL) to LHFI: 1.28%.
• Loan-to-deposit ratio: 67%.

Capital (as of June 30, 2026)

• Total Risk-Based Capital (RBC): 17.30%.
• Common Equity Tier-1 (CET1): 14.54%.
• Leverage: 9.59%.
• Tangible Common Stockholders’ Equity (TCE) to Tangible Assets (TA) ratio: 8.69%.
• Tangible book value per share (TBVPS) increased during the second quarter of 2026.
• Common equity tier 1 capital ratio increased 24 basis points during the second quarter of 2026 compared to the first quarter of 2026.

Earnings (Second Quarter 2026)

• Net income: $83.9 million.
• Net interest margin (NIM): 3.45%, an increase of 4 basis points from the first quarter of 2026.
• NIM on a fully taxable equivalent (FTE) basis: 3.48%, an increase of 5 basis points from the first quarter of 2026.
• Adjusted FTE NIM: 3.42%, an increase of 4 basis points from the first quarter of 2026.
• Efficiency ratio: 59.0%.

Balance Sheet Changes

• Loans held for investment (LHFI) decreased by $447.0 million from the first quarter of 2026.
• Total deposits decreased $441.7 million or 2.0% at June 30, 2026, from March 31, 2026.
• Total deposits decreased $1,189.3 million or 5.3% from June 30, 2025.

Asset Quality

• Total reduction of the provision for credit losses: - $3.2 million.
• Funded Allowance for Credit Losses coverage: 1.28% of LHFI, compared to 1.33% from the first quarter of 2026.
• Net charge-offs (NCOs): $9.7 million, or an annualized 27 basis points of average loans outstanding.
• Non-performing loans: $159.7 million, an increase of 2.4% from the first quarter of 2026, reflecting 1.12% of LHFI.
• Non-performing assets: $165.0 million, an increase of 1.5% from the first quarter of 2026.
• Criticized loans: $937.4 million, a decrease of $95.8 million or 9.3% from the first quarter of 2026, reflecting 6.6% of LHFI.

Capital Activities

• Quarterly cash dividend: $0.47 per share, for an annualized yield of 5.3%.
• During the second quarter of 2026, First Interstate BancSystem, Inc. repurchased 1.93 million shares of common stock for approximately $68.7 million.
• Since August 2025, approximately 7.98 million shares of common stock have been repurchased for approximately $270.3 million.
• The board of directors authorized an additional $150.0 million for the repurchase program on July 22, 2026, bringing the total authorized since August 2025 to $450.0 million.

Net Interest Income (NII) and Net Interest Margin (NIM)

• Loan purchase accounting accretion (PAA) for the second quarter of 2026: $3.5 million, an increase from $3.1 million in the prior quarter.
• Total remaining PAA as of June 30, 2026: $23.3 million.
• Scheduled accretion of PAA: $3.3 million for the remainder of 2026, $4.9 million for FY27, and $4.1 million for FY28.

Noninterest Income (Q2 2026)

• Total Reported Noninterest Revenue: $61.7 million.
• Q2 2026 results include a $19.5 million gain recorded in other income related to the sale of eleven Nebraska branches.

Noninterest Expense (Q2 2026)

• Total Reported Noninterest Expense: $158.9 million.

2026 Guidance Summary

First Interstate BancSystem, Inc. expects full-year 2026 ending deposits to be between $21.5 billion and $22.0 billion, and ending loans between $13.5 billion and $13.8 billion. The company anticipates full-year reported net interest income of $810 million to $820 million, with non-interest income totaling $167 million to $171 million (excluding a $19.5 million gain-on-sale). Non-interest expense is projected to be between $629 million and $637 million, and long-term annualized net charge-offs are expected to be between 20 and 30 basis points of average loan balances.