QUOTE AND NEWS
DailyFinance  Jul 22  Comment 
First Interstate BancSystem, Inc. (Nasdaq: FIBK) has welcomed Dana Filip-Crandall to its Board of Directors, effective May 21, 2014. Filip-Crandall has more than 25 years of experience in strategic planning, technology...
SeekingAlpha  Jul 22  Comment 
First Interstate Bancsystem Inc. (NASDAQ:FIBK) Q2 2014 Earnings Conference Call July 22, 2014 11:00 am ET Executives Marcy Mutch - IR Edward Garding - President and CEO Kevin P. Riley - EVP and CFO Robert M. Cerkovnik - SVP and...
Benzinga  Apr 25  Comment 
In a report published Friday, Keefe, Bruyette & Woods analyst Jacquelynne Chimera upgraded the rating on First Interstate Bancsystem (NASDAQ: FIBK) from Market Perform to Outperform, and raised the price target from $29.00 to $32.00. In the...
SeekingAlpha  Apr 24  Comment 
First Interstate BancSystem, Inc. (FIBK) Q1 2014 Results Earnings Conference Call April 24, 2014 11:00 AM ET Executives Marcy Mutch - Investor Relations Ed Garding - Chief Executive Officer Kevin Riley - Chief Financial Officer ...
StreetInsider.com  Feb 12  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Upgrades/FIG+Partners+Upgrades+First+Interstate+Bancsystems+%28FIBK%29+to+Market+Outperform/9156935.html for the full story.
SeekingAlpha  Feb 11  Comment 
First Interstate Bancsystem Inc. (FIBK) Acquisition of Mountain West Financial Corp. Conference Transcript February 11, 2014 12:00 PM ET Executives Marcy Mutch - Investor Relations Officer Kevin Riley - Chief Financial Officer Bob...
Forbes  Feb 11  Comment 
Jacobs Engineering Group (JEC) has acquired Eagleton Engineering headquartered in Houston, Texas. The acquisition enhances Jacobs' capabilities in midstream and upstream pipeline engineering, design and field surveying services.
SeekingAlpha  Jan 30  Comment 
First Interstate Bancsystem Inc. (FIBK) Q4 2013 Earnings Call January 30, 2014 11:00 AM ET Executives Marcy Mutch – IR Officer Ed Garding – President and CEO Kevin Riley – EVP and CFO Bob Cerkovnik – SVP and Chief...
StreetInsider.com  Jan 29  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/First+Interstate+Bancsystem+%28FIBK%29+Tops+Q4+EPS+by+1c/9102649.html for the full story.




 
TOP CONTRIBUTORS

First Interstate BancSystem (FIBK) (NASDAQ:FIBK) is a bank holding company that operates in Montana, Wyoming, and South Dakota. As of 31 December 2009, the company had assets of $7.1 billion, including $5.8 billion in deposits and $4.5 billion in loans. The company receives interest income from it loans and expenses interest from its deposits. [1]

The company faces risks from the fluctuating states of the economy. Since a rise in unemployment increases the risk of default on loans, banks are at risk of its customers defaulting on the loans. Furthermore, the devaluation of real estate increases the risk of customers defaulting on its mortgage. Yet, First Interstate BancSystem operates in stable environments, due to the fact its locations are in Montana, Wyoming, and South Dakota. These states were more or less not critically affected by the economic recession. [1]

The company's initial public offering of stock on the NASDAQ exchange was on 23 March 2010, and it priced at $14.50, within the $14.00-$16.00 range. The company offered 10 million shares and raised $145 million. [1]

For the FY2009 ending 31 December 2009, the company reported net interest income of $243 million, up 3.4% from $235 million of net interest income in FY2008. Furthermore, the company had $53.8 million in net income for FY2009, down 23.8% from $70.6 million in net income for FY2008. [1]

References

  1. 1.0 1.1 1.2 1.3 First Interstate BancSystem S-1/A
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