First Interstate BancSystem, Inc. (NASDAQ:FIBK) is reporting third quarter earnings results on Monday 26th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.69 per share.
For the full year, analysts predict revenues of $ 663.92 million, while looking forward to income of $ 2.50 per share.
Previous Quarter Performance
First Interstate BancSystem, Inc. recorded income for the second quarter of $ 0.58 per share, from the revenue of $ 162.20 million. The quarterly earnings dropped 1.69 percent compared with the same quarter last year. According to street consensus, FIBK was expected to report 2Q20 income of $ 0.51 per share from revenue of $ 166.09 million. The bottom line results beat street analysts by $ 0.07 or 13.73 percent, at the same time, top line results fell short of analysts by $ 3.89 million or 2.34 percent.
Stock Performance
On Friday, shares of First Interstate BancSystem, Inc. has traded high as $ 37.90 and has cracked $ 36.64 on the downward trend, reaching $ 36.80 with volume of 188.60 thousand shares.
According to the previous trading day, closing price of $ 36.80, representing a 51.51 % increase from the 52 week low of $ 24.50 and a 15.31 % decrease over the 52 week high of $ 43.83.
The company has a market capital of $ 2.38 billion and is part of the Financial Services sector and Banks – Regional – US industry.
Recent Stock Dividend Announcement
On July 24, 2020, the board of directors authorized quarterly dividend of $ 0.34 per share to holders of record as of the close of business on August 7, 2020, with payment date of August 17, 2020 and ex-dividend date on August 6, 2020.
First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. Its deposit products include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors.
