First Interstate Bancsystem Inc reports results for the quarter ended June 30 - Earnings Summary

• First Interstate Bancsystem Inc FIBK.OQ reported quarterly adjusted earnings of 69 cents​​ per share for the quarter ended June 30, higher than the same quarter last year, when the company reported EPS of 58 cents. The mean expectation of eight analysts for the quarter was for earnings of 58 cents per share. Wall Street expected results to range from 55 cents to 61 cents per share.

• Revenue rose 1.5% to $249.70 million from a year ago; analysts expected $253.60 million.

• First Interstate Bancsystem Inc's reported EPS for the quarter was 69 cents​.

• The company reported quarterly net income of $71.7 million.

• First Interstate Bancsystem Inc shares had risen by 2.9% this quarter and lost 8.7% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 4% in the last three months.​

• In the last 30 days, there have been no negative revisions of earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 4 "strong buy" or "buy," 2 "hold" and 2 "sell" or "strong sell." The average consensus recommendation for the banks peer group is "buy."

• Wall Street's median 12-month price target for First Interstate Bancsystem Inc is $32.00, about 7.3% above its last closing price of $29.65

This summary was machine generated from LSEG data July 29 at 09:38 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)