First Interstate BancSystem, Inc. (FIBK: Quote) reported an increase in profit for the fourth quarter.
Net income available to common shareholders increased to $16.1 million or $0.37 per share from $12.4 million or $0.29 per share in the comparable quarter last year.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.35 per share for the quarter. Analysts’ estimates typically exclude special items.
Revenues totaled $91.6 million, up from $90.0 million last year. Analysts expected revenues of $91.30 million.
Net-interest income decreased to $60.9 million from $63.0 million last year. Non-interest income totaled $30.6 million, up from $26.9 million last year. Click here to receive FREE breaking news email alerts for First Interstate BancSystem, Inc. and others in your portfolio
by RTT Staff Writer
For comments and feedback: editorial@rttnews.comBusiness News