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First Interstate BancSystem Inc

First Interstate BancSystem, Inc. operates as a bank holding company for First Interstate Bank that provides a range of banking products and services in the United States. The company offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services, including administration of estates and personal trusts; manages investment accounts for individuals; employee benefit plans and charitable foundations; and insurance planning. The company's loan portfolio includes real estate loans, such as commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans, including direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it offers marketing, credit review, loan servicing, credit cards servicing, mortgage loan sales and servicing, indirect consumer loan and processing, loan collection services, other operational, and specialized staff support services, as well as online and mobile banking services. The company serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, governmental services, healthcare, hospitality, housing, professional services, real estate development, retail, technology, tourism, and wholesale trade. First Interstate BancSystem, Inc. was formerly known as First Interstate Bancsystem Of Montana, Inc. and changed its name to First Interstate BancSystem, Inc. in June 1993. The company was founded in 1879 and is headquartered in Billings, Montana.

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First Interstate BancSystem Reports Second-Quarter Net Income of $83.9 Million

First Interstate BancSystem reported second-quarter 2026 net income of $83.9 million, or $0.87 per diluted share, up from $60.2 million, or $0.61 per diluted share, in the first quarter. Results included a $19.5 million gain from a branch transaction completed during the quarter. Net interest income rose 0.7% to $202.2 million, supported by a fully taxable equivalent net interest margin that expanded to 3.48%, the ninth consecutive quarter of margin expansion. Loans declined $447 million due to accelerated payoffs, while total deposits fell $441.7 million to $21.4 billion, with more than half of the decline tied to the branch sale. The company repurchased about 1.9 million shares for approximately $69 million and increased its cumulative repurchase authorization by $150 million to $450 million.
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StockStory highlights two Russell 2000 stocks to watch and one to avoid

StockStory identified Upwork and VSE Corporation as Russell 2000 stocks worth watching, while recommending investors steer clear of First Interstate BancSystem. Upwork, with a market cap of $1.04 billion, has grown average revenue per customer by 10.1% annually over two years and posted 239% annual earnings per share growth over three years, supported by strong free cash flow. VSE Corporation, valued at $5.42 billion, delivered 13.7% annual revenue growth over two years and is expected to see revenue accelerate by 66.4% in the next 12 months, with its operating margin expanding by 5.1 percentage points over five years. In contrast, First Interstate BancSystem, with a $3.55 billion market cap, showed flat sales and earnings per share over recent periods and is projected to have flat tangible book value per share, signaling slowing profitability.
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StockStory Highlights Amalgamated Financial as Top Bank Pick, Flags Valley National and First Interstate as Sells

StockStory identifies Amalgamated Financial as a bank stock to target this week, while questioning Valley National Bank and First Interstate BancSystem. Amalgamated Financial, with a market cap of $1.32 billion, stands out for its net interest margin expansion of 27 basis points over two years, 15.7% annual earnings per share growth driven by buybacks, and 9.7% annual tangible book value per share growth over five years. In contrast, Valley National Bank, valued at $7.99 billion, is flagged for muted 9.6% annual net interest income growth over five years, a weak 3% net interest margin, and annual earnings per share growth of just 1.5% that lagged revenue. First Interstate BancSystem, with a $3.55 billion market cap, is questioned due to flat sales over two years, flat earnings per share over five years despite revenue growth, and projected flat tangible book value per share as profitability decelerates.
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