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