
FIBK Stock Forecast & Price Target
FIBK Analyst Ratings
Bulls say
First Interstate BancSystem Inc. reported a 4.3% increase in spread income quarter-over-quarter, totaling $214.3 million, which exceeded expectations by $9.2 million. The bank demonstrated solid deposit growth of 2.7%, driven primarily by an increase in interest-bearing balances, while maintaining non-interest-bearing funds at 26% of total deposits for over a year. Furthermore, the net interest margin improved by 16 basis points to 3.20%, surpassing estimates, indicating effective loan yield management and a positive outlook for core profitability moving forward.
Bears say
First Interstate BancSystem Inc. has experienced a significant decline in held-for-investment (HFI) loan balances, with a decrease of 4.0% quarter-over-quarter, marking a stark contrast to the anticipated growth of 2.0%. The company's loan growth outlook appears bleak as indirect auto loans are projected to reduce substantially and net interest income (NII) forecasts fell short of previous expectations, despite expectations for some year-over-year growth. Additionally, potential risks related to economic deterioration in the Inland Northwest and a significant decline in credit quality further contribute to a negative outlook for the company’s stock.
This aggregate rating is based on analysts' research of First Interstate BancSystem and is not a guaranteed prediction by Public.com or investment advice.
FIBK Analyst Forecast & Price Prediction
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