FIRST INTERSTATE BANCSYSTEM INC Q2 2026: Net income $83.9M, EPS $0.87— 10-Q Summary
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FIRST INTERSTATE BANCSYSTEM INC reported second-quarter 2026 results with net income of $83.9M, up from $71.7M a year ago, and diluted EPS of $0.87 versus $0.69 in the year‑ago quarter. Results were supported by net interest income of $202.2M, higher wealth and fee revenue, and a $19.5M gain on sale of branches.
Financial Highlights
- Net interest income: $202.2M for Q2 2026 (company disclosed); prior-year quarter not reported in summary.
- Noninterest income: $61.7M for Q2 2026 (company disclosed); prior-year quarter not reported in summary.
- Net income: $83.9M for Q2 2026, compared with $71.7M in the prior-year quarter; YoY change +$12.2M.
- Diluted EPS: $0.87 for Q2 2026, compared with $0.69 in the prior-year quarter; YoY change $0.18.
Business Highlights
- Branch footprint optimization: Closed or exited branches in North Dakota, Minnesota, Iowa and Oregon and is selling 11 Nebraska branches to sharpen the footprint and improve efficiency.
- Channel and product shifts: Discontinued indirect auto lending in February 2025; remaining indirect loans have run off to 2.6% of total loans.
- Operational redesign: Implemented a flattened banking structure and appointed State Presidents to accelerate local decision-making and deepen client relationships.
- Wealth and fee growth: Wealth management fees increased year over year and noninterest income was aided by higher trust/estate fees and the branch sale gain.
- Liquidity and funding: The bank maintained ample liquidity with sizable FHLB/FRB borrowing capacity to support operations and client lending.
Original SEC Filing: FIRST INTERSTATE BANCSYSTEM INC [ FIBK ] - 10-Q - Aug. 03, 2026
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.