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First Interstate BancSystem Inc

First Interstate BancSystem, Inc. is a bank holding company for First Interstate Bank, providing banking products and services in the United States. It offers traditional deposit products such as checking, savings, and time deposits, along with repurchase agreements mainly for commercial and municipal depositors. The company also provides trust, employee benefit, investment management, insurance, agency, and custodial services, and its loan portfolio includes real estate, consumer, commercial, and agricultural loans. It serves individuals, businesses, municipalities, and other entities across a range of industries. Formerly known as First Interstate Bancsystem Of Montana, Inc., it changed its name to First Interstate BancSystem, Inc. in June 1993, 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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FIBK · Capital · Positive Net income rose to $83.9M from $60.2M, with margin expansion and share repurchases.
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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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FIBK · Capital · Negative Article highlights flat sales and EPS, projected flat tangible book value, signaling slowing profitability.
UPWK · Demand · Positive Upwork has grown average revenue per customer by 10.1% annually over two years and posted 239% annual EPS growth, supported by strong free cash flow.
VSEC · Demand · Positive VSE 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 expanding operating margins.
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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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AMAL · Capital · Positive StockStory highlights Amalgamated Financial as a top bank pick, citing strong net interest margin expansion, EPS growth driven by buybacks, and tangible book value growth.
FIBK · Capital · Negative StockStory flags First Interstate BancSystem as a sell due to flat sales, flat EPS over five years, and projected flat tangible book value per share.
VLY · Capital · Negative StockStory flags Valley National Bancorp as a sell due to muted net interest income growth, weak net interest margin, and low EPS growth.
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