FIRST INTERSTATE BANCSYSTEM, INC. FIBK Cash Flow

First interstate bancsystem, inc. (FIBK)

CashFlow / TTM

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11
Cash flows from operating activities:
Net income
168,700	181,000	169,000	161,300	165,100	160,200	154,000	139,900	120,000	106,500	97,129	95,022	98,776	95,700	94,302	89,271	85,939	86,795	86,140	85,133	83,988	84,401	82,400	87,057	87,485	86,136	82,206	74,549	66,054	58,224	54,644	50,410	47,254	44,546	0	0	0
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for loan losses
39,200	13,900	11,700	11,100	10,200	8,600	10,500	11,900	11,400	11,000	8,587	7,550	7,700	10,000	12,202	10,937	9,727	6,822	3,651	2,814	-527	-6,622	-10,740	-14,001	-11,625	-6,125	5,875	18,375	30,000	40,750	46,501	51,001	54,401	58,151	0	0	0
Net gain on disposal of premises and equipment
0	-	-	-	0	-	-	-	-	-	-	-512	-558	-600	-583	-313	385	731	2,010	2,033	1,447	1,256	61	280	210	217	158	-61	486	424	490	476	-67	-28	0	0	0
Depreciation and amortization
40,900	38,700	36,700	33,800	28,500	27,600	20,400	21,800	20,400	18,400	22,918	19,709	19,421	19,500	19,093	18,714	18,448	18,313	18,389	18,159	17,503	16,855	16,120	15,733	15,938	16,245	16,635	16,842	17,013	17,112	17,141	17,259	17,234	17,368	0	0	0
Net premium amortization on investment securities
-9,300	-8,900	-8,500	-8,700	-9,200	-10,000	-10,900	-11,400	-11,600	-11,600	-11,677	-11,853	-12,062	-12,500	-12,776	-14,206	-14,434	-14,880	-15,433	-14,623	-15,003	-14,690	-14,013	-13,841	-13,944	-14,655	-15,213	-14,414	-13,104	-11,700	-10,893	-10,609	-10,433	-10,353	0	0	0
Gain (Loss) on Sale of Debt Investments
-	-	-	-	-	-	-	-	-	-	-	-	321	300	374	172	110	137	56	25	-4	61	55	93	64	1	79	115	325	348	1,783	1,755	1,573	1,544	0	0	0
Realized and unrealized net gains on mortgage banking activities
34,900	30,500	39,900	31,900	26,100	23,000	14,100	18,300	21,900	25,200	26,974	26,156	27,112	26,800	20,477	21,533	22,015	21,748	20,925	20,633	18,473	17,475	17,053	17,099	19,907	24,482	29,334	32,167	31,577	29,606	26,361	21,882	18,110	14,443	0	0	0
Mortgage servicing rights impairment
0	-	-	-	0	-	-	-	-	-100	-79	-95	-115	0	29	-31	-67	-97	-166	-151	-106	-136	-95	-96	-96	-99	-131	-14	49	-771	-334	779	754	1,275	0	0	0
Net gain on sale of investments in unrelated entities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net loss (gain) on sale of OREO
3,800	3,600	2,100	900	1,200	800	-100	100	100	-100	607	464	598	900	822	1,891	2,343	2,991	4,160	2,819	2,164	1,849	588	1,327	2,847	3,232	3,468	3,718	1,935	1,041	787	126	322	552	0	0	0
Gain Loss on Sale of Mortgage Servicing
-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	-	-	-
Write-downs of OREO and other assets pending disposal
600	900	700	500	400	100	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net gain on sale of mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0
Deferred taxes
-1,700	5,400	3,100	9,200	8,400	15,800	14,300	46,000	29,000	20,900	23,544	-12,721	5,917	3,400	-870	3,662	7,018	12,449	9,783	10,693	7,629	5,345	13,511	11,580	12,053	11,276	7,051	7,188	10,897	8,762	10,018	7,973	2,982	2,405	0	0	0
Net increase in cash surrender value of company-owned life insurance
7,500	6,700	5,600	4,300	4,400	5,000	5,200	4,900	5,600	5,400	4,869	4,829	4,457	4,500	4,694	4,399	3,655	3,432	3,229	3,180	3,668	3,600	3,014	1,297	869	446	330	1,753	1,816	1,849	2,009	1,769	1,797	1,824	0	0	0
Stock-based compensation expense
7,500	8,000	7,900	7,300	6,400	5,600	4,800	4,400	4,100	3,900	4,450	4,415	4,345	4,400	4,078	4,025	4,082	3,959	3,959	3,799	3,754	3,634	3,635	3,068	2,953	2,936	2,341	2,783	2,537	2,485	2,814	2,719	2,343	2,111	0	0	0
Tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	2,100	1,816	1,258	1,383	1,443	1,631	1,772	1,684	2,193	1,861	2,599	2,685	1,898	1,642	758	448	360	296	106	61	204	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	1,600	1,426	1,149	1,199	1,184	1,586	1,524	1,515	2,205	2,046	2,774	2,848	2,031	1,574	633	344	273	182	75	26	124	0	0	0
Originations of mortgage loans held for sale
1,097,100	1,015,600	799,900	860,000	693,800	768,100	834,100	769,200	826,000	815,000	962,255	1,002,240	1,040,156	1,042,500	1,091,159	1,054,879	1,104,015	1,148,098	1,077,746	1,053,102	990,989	903,373	851,514	1,234,681	1,337,515	1,557,288	2,583,474	1,920,136	1,569,156	1,197,744	900,627	931,747	925,168	897,773	0	0	0
Proceeds from sales of mortgage loans held for sale
1,063,400	971,200	762,200	872,500	712,300	798,400	876,100	761,000	843,900	860,100	990,073	1,075,568	1,090,184	1,054,500	1,094,498	1,075,065	1,135,861	1,164,804	1,113,122	1,067,396	994,468	923,350	860,292	1,266,947	1,371,474	1,603,770	0	0	0	-	-	-	-	-	-	-	-
Changes in operating assets and liabilities, net of effects of acquisition:
Decrease (increase) in interest receivable
-2,300	-300	900	5,100	4,000	3,300	3,800	-4,100	3,600	600	2,097	7,381	-178	1,100	-1,658	-2,125	-900	101	743	1,428	-976	-470	-1,185	-2,775	-2,240	-2,419	-3,032	-1,664	-1,032	-3,105	-1,578	-2,652	-1,973	-1,654	0	0	0
Increase in other assets
53,300	22,100	38,300	18,100	15,600	8,000	2,000	38,100	3,900	6,100	4,356	-38,551	-4,067	2,200	1,500	17,139	4,559	3,622	10,137	6,061	9,503	6,956	7,579	5,493	-2,421	-3,440	-6,551	-9,748	-3,527	-4,498	-9,047	-2,912	-6,118	-13,039	0	0	0
(Decrease) increase in accrued interest payable
-17,500	-13,500	-12,300	-12,000	4,300	2,200	900	-2,600	900	200	-46	3,213	-424	400	279	148	-62	-1,006	-375	-534	-424	286	-382	-920	-1,480	-1,539	-1,339	-1,979	-1,822	-1,621	-2,080	-3,497	-3,907	-5,055	0	0	0
Increase (decrease) in accounts payable and accrued expenses
4,300	-7,800	4,200	-1,600	4,600	-200	-1,500	-3,500	-31,900	-22,500	-20,422	-29,901	-372	-6,000	4,374	4,038	-3,377	-11,931	-4,913	6,511	2,003	13,991	3,341	-1,278	-2,435	-602	5,091	10,460	2,308	5,913	3,183	-1,805	3,621	3,579	0	0	0
Net cash provided by operating activities
121,000	127,300	103,800	169,400	203,200	219,000	231,800	163,800	145,000	154,600	133,646	169,648	170,823	118,000	125,015	124,097	136,929	115,400	127,286	119,832	98,628	122,008	103,650	124,603	132,504	150,225	161,621	154,547	147,281	135,822	128,631	90,674	105,048	143,101	0	0	0
Cash flows from investing activities:
Purchases of investment securities:
Held-to-maturity
-	-	-	-	-	-	-	-	-	12,800	12,830	11,217	14,230	18,200	34,604	27,422	38,316	45,179	39,941	45,126	33,360	21,627	12,886	6,756	10,023	16,370	37,937	62,956	67,060	68,305	51,503	30,516	24,570	18,846	0	0	0
Available-for-sale
1,527,700	1,270,000	960,700	605,400	489,400	541,000	548,400	642,700	713,800	614,300	665,826	648,131	765,202	905,900	848,371	710,932	574,991	474,846	595,032	712,481	723,697	664,821	499,969	487,007	609,616	741,579	1,022,819	1,236,849	1,250,695	1,246,068	1,249,442	1,199,414	1,194,986	1,166,364	0	0	0
Proceeds from maturities and pay-downs of investment securities:
Held-to-maturity
46,300	35,600	45,600	65,000	68,400	79,300	88,300	97,600	96,800	97,400	102,294	102,123	111,475	112,600	123,953	116,729	119,505	118,406	99,111	94,091	68,425	47,784	33,079	23,005	18,138	19,465	18,941	13,260	13,511	12,192	12,811	12,016	12,155	12,682	0	0	0
Available-for-sale
1,230,100	978,600	808,600	587,700	509,100	460,000	439,600	484,800	466,600	426,200	482,436	560,342	735,397	814,600	850,285	735,603	706,390	648,683	666,009	708,113	549,589	613,930	551,224	512,124	681,163	722,447	1,003,969	1,169,417	1,171,804	1,252,266	1,149,475	1,144,140	1,088,734	943,490	0	0	0
Purchase of company-owned life insurance
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	-	-	15,000	60,000	60,000	60,000	45,000	0	0	0	-	-	-	-	-	-	-	-
Proceeds from sales of mortgage servicing rights
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-266	-266	-266	-425	-470	-470	-470	-311	-907	-907	-1,503	-1,503	-596	0	0	0
Extensions of credit to clients, net of repayments
71,100	81,400	132,200	196,300	171,600	221,700	304,300	219,700	189,000	99,700	-14,016	47,390	126,623	168,300	279,644	296,896	313,505	327,878	319,326	251,599	208,200	216,730	179,608	250,025	184,163	178,580	215,024	183,261	161,943	128,919	11,451	-26,277	-36,156	-90,548	0	0	0
Recoveries of loans charged-off
-12,900	-9,700	13,400	13,900	9,200	12,000	-8,300	-3,000	10,200	7,800	9,337	8,083	7,891	9,200	9,356	8,864	8,940	7,432	6,594	7,418	7,557	9,478	9,355	9,754	12,375	11,466	13,230	12,378	9,871	8,116	5,282	5,886	7,694	5,231	0	0	0
Proceeds from sale of OREO
25,400	25,400	18,800	8,700	10,600	9,100	6,100	7,200	5,500	5,900	6,048	4,602	5,691	5,300	5,410	10,235	13,632	15,644	20,090	15,954	11,942	12,381	9,089	14,167	27,200	28,397	36,199	45,604	41,080	42,814	35,449	23,607	18,427	15,896	0	0	0
Acquisition of intangible assets
-	-	-	-	-	-	-	-	-	28,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Asset Impairment Charges
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0	-	0	0	0
Proceeds from Sales of Business, Affiliate and Productive Assets
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payments to Acquire Businesses, Net of Cash Acquired
-	-	-	-	-	-	-	-	-	-	-	-	-	-18,600	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Capital expenditures, net of sales
19,300	16,600	14,600	12,700	4,700	4,900	-700	3,400	9,000	11,000	18,987	15,762	14,892	11,900	8,842	10,117	6,991	5,965	-7,304	-9,764	-5,701	-2,941	9,763	10,076	8,145	5,653	4,936	7,839	11,617	14,420	14,046	12,909	10,986	9,172	0	0	0
Net cash provided by investing activities
21,500	-16,800	436,800	544,100	295,700	181,100	-279,200	-275,100	-246,700	-130,600	-13,598	41,518	-68,993	-143,100	-162,971	-182,140	-116,972	-95,339	-186,827	-160,810	-286,487	-195,842	-123,657	-254,548	-132,646	-204,937	-207,907	-250,676	-254,400	-141,079	-122,180	-28,172	-68,483	-125,939	0	0	0
Cash flows from financing activities:
Net (decrease) increase in deposits
43,800	276,200	247,400	141,400	92,500	49,500	215,800	-74,500	56,700	-110,200	-64,057	159,989	-16,826	77,600	83,200	113,482	75,739	19,160	12,730	109,980	317,643	357,083	335,495	248,710	106,792	-106,661	72,893	28,953	117,511	413,440	184,413	106,714	-20,350	-98,742	0	0	0
Net decrease in securities sold under repurchase agreements
-88,900	-45,200	-29,400	14,500	38,800	69,400	600	62,000	46,200	105,400	158,517	95,336	104,012	8,900	21,185	-4,746	1,450	6,385	3,055	5,239	-27,746	43,892	3,447	41,671	21,693	-48,348	-32,695	-34,679	-23,853	-10,458	-14,717	20,954	-45,897	-103,911	0	0	0
Net increase (decrease) in other borrowed funds
-	-	-	-	-	-26,100	-34,400	-34,900	-19,900	100	9,994	14,987	-31	0	-2	12	29	-7	-793	-12,743	-12,731	-12,720	-11,933	18	1	-29	4	-5	2	25	-5,116	-5,433	-5,516	-4,984	0	0	0
Payments for Repurchase of Preferred Stock and Preference Stock
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	50,000	50,000	50,000	50,000	0	0	0	0	-	-	-	-
Repayments of long-term debt
-	-	-	-	-	-	-	-	-	-	-	-	-	-100	-17,786	-16,536	-16,538	-16,538	1,310	54	51	48	246	246	245	243	42	42	41	40	299	299	300	302	0	0	0
Advances on long-term debt
-	-	-	-	-	2,800	7,700	7,500	7,600	5,000	87	225	163	200	150	147	144	5,103	5,134	5,099	5,064	68	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-
Proceeds from issuance of common stock
1,200	1,000	800	800	1,400	1,800	2,300	3,200	2,100	2,400	3,043	3,916	4,804	4,700	5,117	3,383	3,465	3,369	3,294	4,422	4,723	6,299	6,048	7,562	9,145	9,814	9,265	6,447	3,988	1,911	1,439	1,546	1,416	385	0	0	0
Excess tax benefits from stock-based compensation
-	-	-	-	-	-	-	-	-	-	-	-	-	1,600	1,426	1,149	1,199	1,184	1,586	1,524	1,515	2,205	2,046	2,774	2,848	2,031	1,574	633	344	273	182	75	26	124	0	0	0
Purchase and retirement of common stock
32,700	2,500	2,500	2,600	2,500	1,000	1,400	1,300	1,300	1,300	1,681	1,758	2,491	26,900	26,218	31,425	30,692	20,647	20,551	16,239	21,844	9,739	9,736	8,764	3,159	448	449	454	455	263	313	312	340	248	0	0	0
Dividends paid to common stockholders
121,700	79,200	75,900	71,400	67,100	64,100	60,800	58,600	53,500	48,600	44,884	41,192	40,340	39,400	38,547	37,809	37,035	36,290	34,535	32,727	30,705	28,626	27,494	26,349	24,945	17,909	22,525	21,566	21,073	26,208	20,262	19,916	19,570	19,233	0	0	0
Dividends paid to preferred stockholders
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,300	3,432	3,431	3,431	3,422	0	0	0
Net cash (used in) provided by financing activities
-204,300	144,300	126,200	65,600	50,100	25,200	129,600	-96,500	38,000	-47,100	61,342	232,540	50,499	26,600	31,028	27,660	-2,232	-38,274	-52,127	43,764	215,131	337,677	297,627	265,376	112,130	-211,793	-22,706	-72,307	-17,262	334,142	100,657	58,660	-93,962	-230,333	0	0	0
Net increase in cash and cash equivalents
-86,000	254,800	304,600	416,900	211,000	63,100	82,200	-207,800	-63,700	-23,100	181,390	443,706	152,329	1,500	-6,928	-30,383	17,725	-18,213	-111,668	2,786	27,272	263,843	277,620	135,431	111,988	-266,505	-68,992	-168,436	-124,381	328,885	107,108	121,162	-57,397	-213,171	0	0	0
Supplemental schedule of noncash investing activities from acquisitions:
Capitalization of internally originated mortgage servicing rights
8,200	7,300	4,400	6,200	5,900	6,100	6,000	5,600	5,400	5,600	6,010	6,732	6,698	5,800	4,795	3,590	3,557	3,614	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of cash flow information:
Cash paid during the period for income taxes
62,700	51,200	44,300	40,100	20,700	25,300	20,300	24,100	4,600	28,800	38,284	41,234	78,994	54,400	40,416	36,451	26,441	27,335	32,885	28,910	31,750	26,650	30,450	35,231	36,503	39,879	35,329	25,638	20,816	17,540	16,960	20,650	16,740	16,640	0	0	0
Cash paid during the period for interest expense
53,200	54,700	54,300	49,100	43,400	38,700	35,000	35,600	29,300	27,800	24,652	17,731	8,010	17,200	17,528	17,638	29,136	18,933	18,540	18,444	18,362	17,736	18,189	19,638	20,936	22,234	23,926	26,763	29,303	31,735	34,537	38,775	42,316	47,086	0	0	0
Supplemental disclosures of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease liabilities
0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of Portfolio Loans and Leases to Held-for-sale
-	-	-	-	-	1,600	-1,900	-1,900	3,500	3,000	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Supplemental disclosures of noncash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease liabilities
-	-	-	-	-	-	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Transfer of loans to other real estate owned
6,600	14,100	15,400	18,000	19,300	12,100	12,900	11,200	6,200	5,400	5,465	5,181	4,773	7,600	5,515	5,183	5,530	5,560	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-