First Interstate BancSystem, Inc. has reported its financial results for the third quarter of 2026, revealing a decline in net income compared to previous quarters. The results highlight the ongoing challenges faced by the banking sector, particularly in the wake of recent branch sales.
On October 22, 2026, the company announced a net income of $62.2 million, or $0.65 per diluted share. This marks a decrease from $83.9 million, or $0.87 per diluted share, reported in the second quarter of 2026, and a slight decrease from $71.4 million, or $0.69 per diluted share, in the same quarter last year. The second quarter of 2026 included a significant $19.5 million gain related to the sale of eleven Nebraska branches.
Despite the drop in net income, First Interstate BancSystem reported an increase in its net interest margin, which rose to 3.53% for the third quarter of 2026. This reflects an 8-basis point increase from the previous quarter and a 19-basis point increase from the same quarter last year. Additionally, non-performing assets decreased by $10 million, or 6.1%, to $155 million as of September 30, 2026.
First Interstate BancSystem, Inc., incorporated in Delaware, operates as a state commercial bank under the ticker symbol FIBK on the Nasdaq exchange. The company is categorized under the SIC code 6022, which pertains to state commercial banks. The latest filing, dated October 22, 2026, is accessible under accession number 0000860413-26-000097.
According to the filing, the company’s criticized loans increased slightly to $939.5 million, up by $2.1 million from the previous quarter but down significantly from $1.164 billion a year ago. Net charge-offs also saw a minor increase, totaling $9.9 million, or an annualized 0.28% of average loans outstanding.
In addition to the earnings report, First Interstate BancSystem declared a dividend of $0.47 per share, payable on November 13, 2026, to shareholders of record as of November 3, 2026. This move indicates the company’s commitment to returning value to its shareholders despite the fluctuations in its earnings.
Looking ahead, the company has posted a new corporate presentation on its website, which provides an overview of its operations and updates on its financial standing. This presentation is part of its ongoing efforts to maintain transparency and engage with investors. The filing does not specify any upcoming events or additional actions that may follow this report.
Overall, the results from First Interstate BancSystem reflect a mixed performance, with some positive indicators such as the increase in net interest margin and a reduction in non-performing assets, countered by a decline in net income and total deposits.