EarningsQ2 2026 Earnings Report
DE:4FB Q2 2026 EPS Results
Actual EPS€0.77
Consensus EPS€0.62
Beat/MissBeat by +€0.16
One Year Ago EPS€0.61
DE:4FB Q2 2026 Revenue Results
Actual Revenue€278.08M
Expected Revenue€222.07M
Beat/MissBeat by +€56.01M
YoY Revenue Growth-7.80%
Earnings Announcement Details
QuarterQ2 2026
Date07/23/2026
TimeAfter Close
Conference CallThursday, July 23, 2026
DE:4FB Upcoming Earnings
First Interstate Bancsystem's next earnings date is estimated for October 22, 2026, based on past reporting schedules.
Q2 2026 Earnings Call Audio
DE:4FB Q2 2026 Earnings Call
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Q2 2026 Earnings Slide Deck
Q2 2026 Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presents a mixed picture: clear progress on margin expansion, profitability (net income +39% QoQ), capital returns (dividend and meaningful buybacks), and improved credit metrics (criticized loans down 9.3% QoQ, 22% YoY). Offsetting these positives are material declines in loan and deposit balances ($447M and $441.7M respectively), elevated and accelerating payoff activity with guidance pointing to a smaller near-term earning asset base and lower revenue growth, higher targeted expenses for branding and branch work, and an uptick in net charge-offs. Management emphasizes long-term franchise improvement and disciplined capital deployment while acknowledging near-term balance-sheet contraction and variability.Company Guidance
Strong Quarter-Over-Quarter Earnings Improvement
Net income of $83.9M (or $0.87 per diluted share) in Q2 vs $60.2M (or $0.61) in Q1, an increase of approximately 39% quarter-over-quarter, driven by higher NII and a one-time branch transaction gain.
NII and Margin Expansion
Net interest income rose to $202.2M, up $1.5M or 0.7% QoQ. Fully taxable-equivalent net interest margin expanded to 3.48% in Q2 from 3.43% in Q1 (up 5 bps QoQ) and from 3.32% a year ago (up 16 bps YoY). Yield on average loans increased 2 bps to 5.62%, while total deposit costs declined 3 bps QoQ and total funding costs fell 4 bps QoQ.
Noninterest Income Boost from Branch Transaction
Noninterest income was $61.7M, up $20.6M QoQ, largely driven by a $19.5M gain related to a branch transaction that closed during the quarter.
Capital Return and Share Repurchases
Repurchased ~1.9M shares in Q2 for ~$69M; since program inception ~8M shares repurchased totaling ~$270M. Repurchase authorization increased by $150M, bringing total authorization to $450M. Declared a quarterly dividend of $0.47 per share (annualized yield ~5.3% based on average Q2 closing price).
Improved Credit Metrics and Provisioning Actions
Criticized loans declined $95.8M (9.3% QoQ) and are down 22% YoY. Net charge-offs were $9.7M (27 bps of average loans) with reductions in previously reserved credits driving lower nonperforming balances. Funded allowance was 1.28% of loans (down from 1.33%).
Strong Capital Position
Common Equity Tier 1 ratio of 14.54% (up 24 bps QoQ) and leverage ratio of 9.59% (slightly up QoQ), providing flexibility for capital deployment and buybacks.
Operating Efficiency and Strategic Investments
Continued operating model alignment and staffing optimization with emphasis on revenue-generating roles; added 14 relationship managers year-to-date; investments in data management, updated branding campaign, secured desirable Colorado locations, and reported improved digital engagement and client satisfaction.
Productivity & Franchise Metrics Traction
Over the prior 12 months: net interest margin improved 16 bps, average deposits per diluted share up ~2%, average deposits per branch up ~6%, and net interest income per share up ~4% — metrics the company cites as evidence of improving franchise productivity.
DE:4FB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed