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First Interstate BancSystem posts 1Q profit

BILLINGS, Mont. (AP) _ First Interstate BancSystem Inc. (FIBK) on Tuesday reported first-quarter net income of $23.1 million.

The bank, based in Billings, Montana, said it had earnings of 51 cents per share. Earnings, adjusted for non-recurring costs, were 52 cents per share.

The results fell short of Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 54 cents per share.

First Interstate BancSystem shares have declined roughly 6 percent since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $40.10, an increase of 38 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FIBK at https://www.zacks.com/ap/FIBK


Keywords: First Interstate BancSystem, Earnings Report