FIRST INTERSTATE BANCSYSTEM, INC. FIBK Income Statement

First interstate bancsystem, inc. (FIBK)

Income statement / 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	Sep'10	Jun'10
Interest income:
Interest and fees on loans
471,500	470,900	464,500	448,400	424,000	404,300	385,200	375,300	352,700	324,700	299,724	271,350	260,084	259,200	255,256	251,692	249,460	246,015	243,014	241,959	237,122	231,469	225,730	219,624	218,912	220,687	222,717	225,234	228,465	230,882	233,941	237,895	241,286	245,767	252,271	258,400	0	0	0
Interest and dividends on investment securities:
Taxable
64,400	62,300	60,300	59,100	57,300	55,400	53,600	51,400	47,300	42,800	38,502	34,680	32,862	32,200	31,378	30,910	30,928	30,861	31,073	30,922	30,231	29,900	30,068	30,469	30,831	31,237	31,867	33,401	35,188	36,847	38,380	39,907	41,098	41,304	41,821	42,031	0	0	0
Exempt from federal taxes
2,000	2,000	2,100	2,200	2,300	2,400	2,500	2,700	3,000	3,200	3,343	3,363	3,321	3,400	3,494	3,636	3,818	3,998	4,153	4,276	4,319	4,357	4,399	4,467	4,599	4,728	4,850	4,920	4,945	4,923	4,863	4,828	4,782	4,749	4,690	4,675	0	0	0
Interest on deposits in banks
17,700	18,800	18,700	15,800	12,800	11,300	9,200	8,700	8,000	7,100	5,666	3,973	3,155	2,600	2,269	2,004	1,793	1,537	1,506	1,538	1,492	1,334	1,105	938	925	992	1,100	1,229	1,296	1,235	1,108	972	920	1,050	1,046	1,103	0	0	0
Interest on federal funds sold
-	-	-	-	-	-	-	-	-	-	-	-	-	-	10	10	12	12	11	10	8	7	8	13	15	18	19	15	16	13	13	11	11	13	14	17	0	0	0
Total interest income
555,600	554,000	545,600	525,500	496,400	473,400	450,500	438,100	411,000	377,800	347,226	313,361	299,420	297,400	292,407	288,252	286,011	282,423	279,757	278,705	273,172	267,067	261,310	255,511	255,282	257,662	260,553	264,799	269,910	273,900	278,305	283,613	288,097	292,883	299,842	306,226	0	0	0
Interest expense:
Interest on deposits
44,500	49,300	49,900	45,400	38,500	32,600	28,400	25,700	23,500	21,400	18,565	15,464	13,572	12,700	12,753	12,895	13,026	13,107	13,330	13,576	13,664	13,779	13,824	14,158	14,869	15,800	17,065	18,658	20,399	22,306	24,309	26,800	29,924	33,533	39,652	46,243	0	0	0
Interest on securities sold under repurchase agreements
3,400	3,900	4,000	3,700	3,300	2,700	2,200	1,900	1,500	1,300	1,018	718	510	400	351	306	267	231	218	215	225	237	243	249	260	294	359	445	523	579	602	595	614	695	754	846	0	0	0
Interest Expense, Short-term Borrowings
-	-	0	100	-	200	0	0	0	-	0	0	0	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	0	0
Interest on other debt
1,300	1,300	1,400	1,500	1,400	1,300	200	0	200	500	-157	100	51	0	-240	-153	-66	0	2,182	2,120	2,058	2,016	1,917	1,922	1,929	1,936	1,936	1,951	1,963	1,981	1,988	1,984	1,984	1,975	1,994	2,005	0	0	0
Interest in preferred stock pending redemption
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	159	290	290	290	131	0	0	0	-	-	-	-	-	-
Interest on subordinated debentures held by subsidiary trusts
4,300	4,500	4,600	4,600	4,400	4,100	3,800	3,500	3,300	3,100	2,964	2,862	2,737	2,700	2,659	2,571	2,496	2,422	2,595	2,583	2,575	2,574	2,380	2,389	2,398	2,506	2,937	3,440	4,306	5,117	5,558	5,899	5,887	5,828	5,880	5,885	0	0	0
Total interest expense
53,500	59,000	59,900	55,300	47,700	40,900	36,100	32,900	30,300	28,000	24,590	20,944	18,670	17,600	17,823	17,919	18,023	18,060	18,298	18,494	18,522	18,606	18,391	18,718	19,456	20,695	22,587	24,784	27,481	30,114	32,457	35,278	38,409	42,031	48,281	54,981	0	0	0
Net interest income
502,100	495,000	485,700	470,200	448,700	432,500	414,400	405,200	380,700	349,800	322,636	292,417	280,750	279,800	274,584	270,333	267,988	264,363	261,459	260,211	254,650	248,461	242,919	236,793	235,826	236,967	237,966	240,015	242,429	243,786	245,848	248,335	249,688	250,852	251,561	251,245	0	0	0
Provision for credit 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	62,400	67,900	0	0	0
Net interest income after provision for credit losses
462,900	481,100	474,000	459,100	438,500	423,900	403,900	393,300	369,300	338,800	314,049	284,867	273,050	269,800	262,382	259,396	258,261	257,541	257,808	257,397	255,177	255,083	253,659	250,794	247,451	243,092	232,091	221,640	212,429	203,036	199,347	197,334	195,287	192,701	189,161	183,345	0	0	0
Non-interest income:
Mortgage banking revenues
39,900	30,400	28,600	24,800	23,600	24,900	25,900	27,400	27,800	28,900	32,061	35,164	36,973	37,200	34,721	31,401	30,794	29,973	28,245	27,608	25,186	23,940	23,988	24,576	28,239	34,254	40,973	44,704	44,081	41,790	37,556	31,403	26,092	21,153	20,421	19,095	0	0	0
Loss on termination of interest rate swap
-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Investment securities gains (losses), net
100	100	0	-100	-100	-100	-100	700	700	700	788	213	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	122	99	0	0	0
Other income
15,200	15,900	17,500	18,000	15,500	15,100	14,400	12,900	16,100	14,300	13,851	13,150	9,807	10,000	9,983	10,149	10,484	11,313	14,003	13,617	12,762	11,529	8,108	7,445	7,736	7,525	6,749	7,058	6,350	6,771	6,772	6,332	6,436	6,264	6,861	7,074	0	0	0
Non-recurring litigation recovery
-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	-	-	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Total non-interest income
160,400	149,900	147,700	143,100	141,300	143,300	146,200	148,300	147,900	141,800	140,294	137,155	136,964	136,500	131,598	127,615	122,369	121,515	122,518	120,703	115,511	111,835	105,714	103,958	106,966	111,679	116,640	119,215	117,298	114,861	111,223	104,166	98,095	91,872	89,730	87,642	0	0	0
Non-interest expense:
Salaries and wages
160,100	155,300	156,800	153,000	146,900	146,400	140,000	137,900	131,600	122,700	118,217	110,425	109,132	108,700	103,432	101,984	101,370	101,451	100,650	101,104	99,451	96,513	97,021	93,913	93,008	94,002	93,034	93,569	91,674	89,833	88,547	86,007	84,921	83,560	89,552	96,130	0	0	0
Employee benefits
51,300	51,500	52,700	52,700	51,000	47,900	43,500	41,800	39,300	37,600	38,515	36,925	35,191	35,200	33,758	33,156	33,153	31,324	31,097	30,930	30,031	30,564	30,607	30,094	30,476	30,338	29,162	29,281	28,554	29,345	30,103	28,743	29,259	27,792	0	0	0	-	-
Outsourced technology services
32,200	32,300	31,700	30,600	29,600	28,700	28,100	27,900	26,800	25,100	23,557	22,168	20,968	20,500	17,391	14,700	12,493	10,124	10,044	9,870	9,586	9,423	9,337	9,286	9,172	9,029	8,846	8,733	8,717	8,826	8,872	8,925	8,958	8,933	9,090	9,304	0	0	0
Occupancy, net
28,600	28,300	27,800	27,200	26,100	25,400	25,100	24,700	23,900	22,400	20,439	18,752	17,836	17,700	17,806	17,806	18,051	17,879	18,204	18,325	18,049	17,796	17,232	16,990	16,800	16,587	16,349	15,850	15,824	15,786	15,633	16,020	15,996	16,223	16,347	16,130	0	0	0
Furniture and equipment
12,500	13,200	13,400	13,600	13,100	12,700	12,800	12,400	12,300	11,500	10,686	9,984	9,644	9,600	11,293	12,744	13,987	15,524	15,465	14,954	14,408	13,816	12,888	12,697	12,703	12,554	12,663	12,747	12,773	12,859	12,753	12,540	12,480	12,562	12,778	13,116	0	0	0
OREO expense, net of income
-2,800	-2,200	-500	500	200	300	500	500	600	400	91	-101	39	0	238	-490	-1,453	-1,475	-1,665	-1,003	-314	-272	1,081	1,157	376	2,291	4,876	7,470	10,191	9,400	7,544	7,810	8,046	8,652	9,239	9,341	0	0	0
Professional fees
11,100	11,600	14,300	12,700	12,500	10,500	10,900	10,900	10,600	10,400	6,065	5,356	4,692	5,000	5,362	6,087	6,465	6,458	5,732	5,049	4,813	4,882	5,256	5,158	5,016	4,773	4,457	4,372	4,238	4,044	3,980	3,656	0	-	0	0	-	-	-
FDIC insurance premiums
3,600	3,500	4,800	5,800	5,600	5,600	5,600	5,900	5,300	4,700	4,232	3,744	4,142	4,500	4,890	4,868	4,974	4,858	4,863	4,845	4,634	4,608	4,500	4,533	4,796	5,057	5,590	6,007	6,252	6,470	6,425	6,434	6,462	7,333	8,063	9,099	0	0	0
Mortgage servicing rights amortization
4,900	4,300	3,900	3,500	3,200	3,100	3,200	3,200	3,200	3,000	2,890	2,944	2,966	3,000	2,781	2,544	2,449	2,434	2,450	2,424	2,380	2,361	2,374	2,412	2,548	2,787	3,097	3,347	3,445	3,501	3,531	3,459	3,313	3,225	3,506	3,814	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	2,839	1,942	0	0	0
Core deposit intangibles amortization
11,800	11,200	10,700	9,700	8,400	7,900	7,400	7,300	6,700	5,500	4,471	3,446	3,173	3,400	3,366	3,333	3,360	3,388	3,406	3,252	2,752	2,251	1,750	1,417	1,418	1,418	1,419	1,419	1,419	1,420	1,426	1,433	1,439	1,446	1,522	1,600	0	0	0
Other expenses
69,100	66,200	61,100	59,500	58,500	60,000	60,700	59,400	57,000	53,500	54,760	52,802	51,277	50,600	49,682	49,753	50,755	50,936	51,771	51,526	48,786	47,480	45,401	42,464	43,505	43,332	39,754	40,820	42,744	45,922	48,584	48,966	46,657	43,735	44,623	44,550	0	0	0
Loss contingency expense
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	-	-	-	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Acquisition related expenses
18,000	20,300	26,600	25,900	12,400	12,400	8,800	18,700	28,800	27,200	25,403	13,600	3,500	2,800	1,363	732	725	795	2,997	3,483	4,087	4,017	1,649	597	0	-	0	0	-	-	-	-	-	-	-	-	-	-	-
Total non-interest expense
403,700	395,900	403,300	394,700	367,500	360,900	346,600	350,600	346,100	323,900	309,247	279,950	262,445	261,000	251,391	252,186	251,262	248,599	249,848	248,608	242,557	237,303	233,001	220,622	219,722	222,069	222,116	226,601	228,880	229,635	228,024	226,001	222,894	218,412	220,201	220,586	0	0	0
Income before income tax expense
219,600	235,100	218,400	207,500	212,300	206,300	203,500	191,000	171,100	156,700	145,096	142,072	147,569	145,300	142,589	134,825	129,368	130,457	130,478	129,492	128,131	129,615	126,372	134,130	134,695	132,702	126,615	114,254	100,847	88,262	82,546	75,499	70,488	66,161	58,690	50,401	0	0	0
Income tax expense
50,900	54,100	49,400	46,200	47,200	46,100	49,500	51,100	51,100	50,200	47,967	47,050	48,793	49,600	48,287	45,554	43,429	43,662	44,338	44,359	44,143	45,214	43,972	47,073	47,210	46,566	44,409	39,705	34,793	30,038	27,902	25,089	23,234	21,615	18,680	15,653	0	0	0
Net Income (Loss) Attributable to Parent
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	40,010	34,748	0	0	0
Preferred stock dividends
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	3,300	3,432	3,431	3,431	3,422	3,421	3,412	0	0	0
Net Income (Loss) Available to Common Stockholders, Basic
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	54,924	51,212	46,979	43,823	41,124	36,589	31,336	0	0	0
Earnings per common share, basic (in dollars per share)
0.45	0.80	0.76	0.59	0.69	0.67	0.71	0.74	0.65	0.60	0.49	0.46	0.52	0.55	0.57	0.58	0.45	0.52	0.45	0.49	0.46	0.49	0.43	0.48	0.49	0.49	0.54	0.49	0.46	0.38	0.36	0.28	0.26	0.29	0.26	0.21	0.20	0.18	0.14
Earnings per common share, diluted (in dollars per share)
0.45	0.79	0.76	0.59	0.69	0.65	0.71	0.74	0.65	0.61	0.48	0.45	0.51	0.55	0.56	0.57	0.45	0.51	0.44	0.49	0.46	0.50	0.42	0.47	0.48	0.47	0.54	0.49	0.46	0.38	0.35	0.28	0.26	0.29	0.26	0.21	0.20	0.18	0.14
Weighted average common shares outstanding, basic (in shares)
64,790	-	64,832	64,504	60,311	-	58,254	56,335	56,241	-	56,094	47,612	44,680	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Weighted average common shares outstanding, diluted (in shares)
64,937	-	65,043	64,707	60,598	-	58,640	56,699	56,652	-	56,530	48,074	45,239	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Payment services revenues
Non-interest income
42,300	41,500	40,500	39,800	42,200	43,300	45,800	48,100	45,400	43,300	39,742	36,361	34,809	34,400	34,025	33,580	33,369	32,750	0	0	0	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Service charges on deposit accounts
Non-interest income
21,500	21,100	20,900	21,300	21,200	21,800	22,500	22,700	22,500	21,300	20,019	18,811	18,337	18,400	18,436	18,123	17,550	17,031	16,808	16,760	16,636	16,567	16,221	16,250	16,644	16,837	17,152	17,187	17,319	17,412	17,554	17,768	17,698	17,647	17,601	17,751	0	0	0
Other service charges, commissions and fees
Non-interest income
17,500	17,100	16,700	15,900	15,500	15,100	14,700	14,900	14,500	13,300	13,119	12,147	11,592	11,500	10,733	10,626	10,517	10,404	-11,514	-3,577	3,386	10,047	38,771	37,599	36,877	35,977	35,293	34,781	34,058	34,226	33,514	33,219	32,733	31,689	31,448	30,349	0	0	0
Wealth management revenues
Wealth management revenues
23,900	23,800	23,500	23,400	23,400	23,200	23,000	22,700	22,000	21,100	21,364	20,859	20,925	20,500	19,576	19,814	19,545	19,907	19,842	19,766	19,478	18,996	18,571	17,995	17,406	17,085	16,394	15,370	15,165	14,314	14,044	13,689	13,563	13,575	13,277	13,274	0	0	0