FIBK - First Interstate Banc GAAP EPS of $0.80 misses by $0.12 revenue of $289.7M misses by $10.04M
- First Interstate Banc press release ( NASDAQ: FIBK ): Q3 GAAP EPS of $0.80 misses by $0.12 .
- Revenue of $289.7M (+73.3% Y/Y) misses by $10.04M .
- The quarterly cash dividend increased to $0.47 per share, or 14.6%, from the second quarter of 2022 and the third quarter of 2021.
- Net interest margin, on a fully taxable equivalent basis, increased to 3.71% for the third quarter of 2022, a 46 basis point increase from the second quarter of 2022.
- Criticized loans decreased $203.1 million, to $576.9 million as of September 30, 2022, from $780.0 million as of June 30, 2022.
- Non-performing loans decreased $23.9 million, to $86.0 million as of September 30, 2022, from $109.9 million as of June 30, 2022.
- Repurchased 3.3 million shares of common stock at a weighted average price of $40.59,
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First Interstate Banc GAAP EPS of $0.80 misses by $0.12, revenue of $289.7M misses by $10.04M