Oct 22, 4:10 PM ET
First Interstate BancSystem reported third-quarter 2026 net income of $62.2 million, or $0.65 per diluted share, down from $83.9 million, or $0.87, in the second quarter and $71.4 million, or $0.69, a year earlier. The second quarter included a $19.5 million gain from the sale of eleven Nebraska branches, and net interest margin rose to 3.53%, which the company cited as a sign of improving earnings power. The company also declared a $0.47 per share dividend payable November 13, 2026.
- Net income was $62.2 million, or $0.65 per diluted share, versus $83.9 million, or $0.87, in Q2 2026 and $71.4 million, or $0.69, in Q3 2025.
- Net interest margin rose to 3.53% from 3.45% in Q2 2026 and 3.34% in Q3 2025.
- Q2 2026 results included a $19.5 million gain on the sale of eleven Nebraska branches.
- Board declared a $0.47 per share dividend, payable November 13, 2026, to holders of record as of November 3, 2026.
Read the filing on SEC.gov ↗
Sep 16, 2:06 PM ET
First Interstate BancSystem and its bank subsidiary signed an employment agreement with Jeff Lee on September 14, 2026, formalizing his appointment as Executive Vice President and Chief Operations Officer. The filing sets out severance terms, including enhanced payments if he is terminated without cause or leaves for good reason within six months before or 18 months after a change in control.
- Employment agreement with Jeff Lee executed and effective September 14, 2026; his COO appointment took effect with the signing.
- Severance without cause or for good reason: one times base salary plus one times average annual cash incentive over the prior three years, paid over 12 months, with up to 12 months of insurance coverage.
- Change-in-control severance: two times base salary plus two times target annual cash incentive, a pro-rata target bonus, and up to 24 months of insurance coverage.
- Non-compete and non-solicitation restrictions run 12 months after termination, or 18 months if termination falls within the change-in-control window.
Read the filing on SEC.gov ↗
Aug 21, 9:20 AM ET
First Interstate BancSystem announced that Jeff Lee, 57, will join as Executive Vice President and Chief Operations Officer of the company and First Interstate Bank, with a formal start expected on September 14, 2026. The filing sets an initial base salary of $480,000 and an expected restricted stock unit award with a $200,000 grant date value, which is a routine executive hiring step for shareholders.
- Jeff Lee, 57, to become EVP and Chief Operations Officer; start expected September 14, 2026
- Initial annual base salary set at $480,000
- Expected time-based restricted stock units with $200,000 grant date value, vesting in three annual installments beginning September 14, 2027
- Lee was an independent strategic consultant from March 2025 to November 2025; previously held roles at Seacoast Banking Corporation of Florida until January 2024
Read the filing on SEC.gov ↗
Jul 23, 4:14 PM ET
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, in the first quarter and $71.7 million, or $0.69, a year earlier. The board also raised its share repurchase authorization by $150.0 million to a total of $450.0 million and declared a $0.47 per share dividend, which matters to shareholders because it reflects higher earnings and continued capital return.
- Q2 2026 net income of $83.9 million, or $0.87 per diluted share, versus $60.2 million, or $0.61, in Q1 2026
- Net interest margin rose to 3.45% from 3.41% in Q1 2026; the Nebraska branch sale produced a $19.5 million gain
- Board raised the buyback authorization by $150.0 million to $450.0 million total; about $29.7 million remained available as of June 30, 2026
- Dividend of $0.47 per share declared July 22, 2026, payable August 14, 2026, to holders of record on August 4, 2026
Read the filing on SEC.gov ↗
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
