First Interstate BancSystem Q2 FY26 net income rises 39.4% to $83.9 million; net interest margin widens 4 bps to 3.45% - FIBK News | RalliesFirst Interstate BancSystem Q2 FY26 net income rises 39.4% to $83.9 million; net interest margin widens 4 bps to 3.45%
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FIBK• Capital return
- The board declared a $0.47 quarterly dividend.
- It expanded the share repurchase authorization to $450 million after buying back $68.7 million in Q2.
Quarterly results and margin
- First Interstate BancSystem posted Q2 net income of $83.9 million, or $0.87 a share, up 39.4% from Q1.
- Net interest margin widened 4 basis points from Q1 to 3.45%.
Noninterest income and credit quality
- Noninterest income climbed 50.1% from Q1 to $61.7 million, driven by a $19.5 million gain on selling 11 Nebraska branches.
- Credit quality improved as criticized loans fell 9.3% from Q1 to $937.4 million, while net charge-offs rose to $9.7 million from $2.4 million.
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