FIBK Q2 Deep Dive: Loan Portfolio Restructuring and Deposit Mix Drive Results
First Interstate BancSystem reported nine straight quarters of net interest margin growth, citing fixed-asset repricing and lower funding costs, despite reduced interest-earning assets from branch sales and loan payoffs. Management said elevated payoffs in non-core and criticized credits reduced loan balances and improved credit quality. Deposits fell but shifted toward more stable, noninterest-bearing balances; it increased share repurchase authorization by $150 million and kept the dividend. C



