First Interstate BancSystem Says President And Chief Executive Officer Kevin P. Riley Will Retire, Riley Will Continue Service Until A Successor Is Appointed

6/14/24 7:20:00 AM ET

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First Interstate BancSystem, Inc. (NASDAQ:FIBK) ("First Interstate" or the "Company") announced today the upcoming retirement of President and Chief Executive Officer Kevin P. Riley and has initiated a search for his successor. Riley will continue to serve in his role as President and CEO until a successor is appointed.

Riley joined First Interstate in 2013 as Executive Vice President and the Chief Financial Officer before becoming President and CEO in 2015.

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Recent Analyst Ratings for
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Date	Price Target	Rating	Analyst
10/31/2024	$32.00 → $30.00	Equal Weight → Underweight	Barclays
10/1/2024	$30.00 → $28.00	Equal Weight → Underweight	Wells Fargo
3/8/2024	$28.00	Equal Weight	Barclays
10/4/2023	$25.00	Overweight → Equal Weight	Wells Fargo
3/15/2023	$33.00	Neutral	UBS
2/1/2023	$44.00 → $43.00	Equal-Weight → Overweight	Stephens
1/30/2023	$49.00 → $38.00	Outperform → Mkt Perform	Keefe Bruyette
5/3/2022	$42.00	Neutral → Buy	Janney

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First Interstate BancSystem, Inc. Reports Third Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the third quarter of 2024. For the quarter, the Company reported net income of $55.5 million, or $0.54 per share, which compares to net income of $60.0 million, or $0.58 per share, for the second quarter of 2024 and net income of $72.7 million, or $0.70 per share, for the third quarter of 2023. HIGHLIGHTS Appointed James A. Reuter as the Company's President and Chief Executive Officer, effective end of day November 1, 2024. Net interest margin increased to 3.01% for the third quarter of 2024, a 4-basis point increase from the second quarter of 2024. Net interest margin, on a fully taxab
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First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report third quarter results after the market closes on Thursday, October 24, 2024. A conference call for investors is scheduled for Friday, October 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 800-343-4136; the Conference ID is FIBANC. To participate via the Internet, visit www.FIBK.com. A telephone
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First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the second quarter of 2024. For the quarter, the Company reported net income of $60.0 million, or $0.58 per share, which compares to net income of $58.4 million, or $0.57 per share, for the first quarter of 2024 and net income of $67.0 million, or $0.65 per share, for the second quarter of 2023. HIGHLIGHTS Criticized loans decreased $12.0 million at June 30, 2024, compared to March 31, 2024, driven by loan upgrades, payoffs, and charge-offs. Non-performing assets decreased $14.5 million at June 30, 2024, compared to March 31, 2024, driven primarily by the paydown of nonaccrual loans
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First Interstate BancSystem, Inc. Reports Third Quarter Earnings
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the third quarter of 2024. For the quarter, the Company reported net income of $55.5 million, or $0.54 per share, which compares to net income of $60.0 million, or $0.58 per share, for the second quarter of 2024 and net income of $72.7 million, or $0.70 per share, for the third quarter of 2023. HIGHLIGHTS Appointed James A. Reuter as the Company's President and Chief Executive Officer, effective end of day November 1, 2024. Net interest margin increased to 3.01% for the third quarter of 2024, a 4-basis point increase from the second quarter of 2024. Net interest margin, on a fully taxab
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First Interstate BancSystem, Inc. Announces Appointment of James A. Reuter as President and CEO
First Interstate BancSystem, Inc. (NASDAQ:FIBK) ("First Interstate or the "Company") announced today the appointment of James (Jim) A. Reuter as President and Chief Executive Officer, effective November 1, 2024, replacing Kevin P. Riley, whose retirement was announced earlier this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009144202/en/Jim Reuter (Photo: Business Wire) "After a thorough and comprehensive search, the Board of Directors is thrilled to welcome Jim to First Interstate," said Stephen B. Bowman, First Interstate's Board Chair. "Having spent more than 37 years in the banking industry, Jim is a proven leader
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First Interstate BancSystem, Inc. Announces Third Quarter Earnings Release and Conference Call
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$FIBK
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First Interstate BancSystem Says President And Chief Executive Officer Kevin P. Riley Will Retire, Riley Will Continue Service Until A Successor Is Appointed

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First Interstate BancSystem, Inc. Reports Third Quarter Earnings

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$FIBK SEC Filings

SEC Form 10-Q filed by First Interstate BancSystem Inc.

First Interstate BancSystem Inc. filed SEC Form 8-K: Results of Operations and Financial Condition, Regulation FD Disclosure, Other Events, Financial Statements and Exhibits

First Interstate BancSystem Inc. filed SEC Form 8-K: Leadership Update, Regulation FD Disclosure, Financial Statements and Exhibits

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$FIBK Insider Purchases

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President & CEO Riley Kevin P bought $347,718 worth of shares (11,232 units at $30.96), sold $217,613 worth of shares (7,300 units at $29.81), gifted 6,750 shares and received a gift of 1,750 shares, decreasing direct ownership by 16% to 75,762 units (SEC Form 4)

$FIBK Insider Trading

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President and CEO Reuter James A was granted 25,974 shares (SEC Form 4)

SEC Form 3 filed by new insider Reuter James A

Director Heyneman John M Jr sold $16,824 worth of shares (550 units at $30.59) (SEC Form 4)

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First Interstate Bancsystem downgraded by Barclays with a new price target

First Interstate Bancsystem downgraded by Wells Fargo with a new price target

Barclays initiated coverage on First Interstate Bancsystem with a new price target

SEC Form SC 13D/A filed by First Interstate BancSystem Inc. (Amendment)

SEC Form SC 13D/A filed by First Interstate BancSystem Inc. (Amendment)

SEC Form SC 13G filed by First Interstate BancSystem Inc.

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