First Interstate BancSystem, Inc. (FIBK) financial statements (2022 and earlier)

Company profile

Business Address P O BOX 30918
BILLINGS, MT 59116-0918
State of Incorp. MT
Fiscal Year End December 31
SIC 6022 - State Commercial Banks (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,3452,2771,077822759782780
Cash and cash equivalents2,3452,2771,077822759782780
Receivables124626  
Derivative instruments and hedges, assets696      
Total current assets:3,0532,2811,083824765782780
Noncurrent Assets
Property, plant and equipment300312306245242194191
Long-term investments and receivables0(3)     
Accounts and financing receivable, after allowance for credit loss0(3)     
Intangible assets, net (including goodwill)663673684604445213205
Goodwill622622622547445213205
Intangible assets, net (excluding goodwill)41516257   
Regulated entity, other noncurrent assets      0
Deferred costs2119181212  
Total noncurrent assets:9841,0011,008861699407395
Other undisclosed assets15,63514,36612,55411,61510,7507,8757,552
TOTAL ASSETS:19,67217,64914,64413,30012,2139,0648,728
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     66
Taxes payable     66
Debt1,0511,091698712663538511
Total current liabilities:1,0511,091698712663543517
Noncurrent Liabilities
Long-term debt and lease obligation, including:1121121416132828
Other undisclosed long-term debt and lease obligation1121121416132828
Liabilities, other than long-term debt92727    
Deferred income tax liabilities92727
Total noncurrent liabilities:1221404116132828
Other undisclosed liabilities16,51314,45811,89210,87810,1107,5107,233
Total liabilities:17,68515,68912,63011,60610,7868,0817,778
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9871,9602,0141,6941,428983950
Common stock   173386  
Accumulated other comprehensive income (loss)(11)5711(25)(12)(8)0
Retained earnings1,053962954852753695638
Other undisclosed stockholders' equity attributable to parent9459411,049693301296312
Total stockholders' equity:1,9871,9602,0141,6941,428983950
TOTAL LIABILITIES AND EQUITY:19,67217,64914,64413,30012,2139,0648,728

Income statement (P&L) ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues506524554473506420363
Net investment income506524554473378297282
Financial services revenue12912280
Cost of revenue (57)(18)(12)(14)(13)(9)
Provision for loan, lease, and other losses (57)(14)(9)
Amortization of mortgage servicing rights (msrs)  (4)(3)(3)(3)(2)
Financial services costs(11)(10)(7)
Gross profit:506467536462492407353
Operating expenses(151)(133)(155)(129)(62)(140)(141)
Other operating income, net
(Noninterest Income, Other Operating Income)
131516 141011
Operating income:367349397333445277223
Nonoperating income (expense)  (0) 013
Investment income, nonoperating     00
Gains on sales of other real estate     13
Mortgage servicing rights (msr) impairment (recovery)  (0) 000
Interest and debt expense(17)(27)(59)(41)(28)(18)(18)
Income from continuing operations before equity method investments, income taxes:350322337292417261208
Other undisclosed loss from continuing operations before income taxes (113)(102)(85)(260)(116)(77)
Income from continuing operations before income taxes:350209235206157145130
Income tax expense(56)(48)(54)(46)(50)(50)(44)
Net income:2941611811601079687
Other undisclosed net loss attributable to parent(102)      
Net income available to common stockholders, diluted:1921611811601079687

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income:2941611811601079687
Other comprehensive income (loss)(68)4636(10)(4)(9)3
Comprehensive income:2272072171511038790
Comprehensive loss, net of tax, attributable to noncontrolling interest(4)      
Other undisclosed comprehensive loss, net of tax, attributable to parent(98)      
Comprehensive income, net of tax, attributable to parent:1252072171511038790

Statements sources

The financial statements are based on the company's filings with the The U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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