FIBK - First Interstate Banc GAAP EPS of $0.82 misses by $0.21 revenue of $300M misses by $12.26M
- First Interstate Banc press release ( NASDAQ: FIBK ): Q4 GAAP EPS of $0.82 misses by $0.21 .
- Revenue of $300M (+88.4% Y/Y) misses by $12.26M .
- Book value per common share of $29.43 as of December 31, 2022, compared to $28.77 as of September 30, 2022, and $31.94 as of December 31, 2021. Tangible book value per common share 1 of $17.69 as of December 31, 2022, compared to $17.01 as of September 30, 2022 and $20.83 as of December 31, 2021,
- Return on average common stockholders’ equity of 11.2% for the fourth quarter of 2022. Adjusted return on average common stockholders’ equity 1 was 11.7% for the fourth quarter of 2022.
- Loans held for investment increased $495.7 million, or an annualized 11.1% during the fourth quarter of 2022.
- Non-performing loans decreased $20.4 million, to $65.6 million as of December 31, 2022, from $86.0 million as of September 30, 2022.
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First Interstate Banc GAAP EPS of $0.82 misses by $0.21, revenue of $300M misses by $12.26M