First Interstate BancSystem, Inc. (FIBK) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments2,2771,077822759782780799
Cash and cash equivalents2,2771,077822759782780799
Receivables4626   
Disposal group, including discontinued operation      41
Total current assets:2,2811,083824765782780839
Noncurrent Assets
Property, plant and equipment312306245242194191195
Long-term investments and receivables(3)      
Accounts and financing receivable, after allowance for credit loss(3)      
Intangible assets, net (including goodwill)673684604445213205206
Goodwill622622547445213205206
Intangible assets, net (excluding goodwill)516257    
Regulated entity, other noncurrent assets     0 
Deferred costs19181212   
Total noncurrent assets:1,0011,008861699407395401
Other undisclosed assets14,36612,55411,61510,7507,8757,5527,370
TOTAL ASSETS:17,64914,64413,30012,2139,0648,7288,610
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    665
Taxes payable    665
Debt1,091698712663538511502
Total current liabilities:1,091698712663543517507
Noncurrent Liabilities
Long-term debt and lease obligation, including:112141613282838
Other undisclosed long-term debt and lease obligation112141613282838
Liabilities, other than long-term debt2727     
Deferred income tax liabilities2727
Total noncurrent liabilities:140411613282838
Other undisclosed liabilities14,45811,89210,87810,1107,5107,2337,156
Total liabilities:15,68912,63011,60610,7868,0817,7787,701
Stockholders' equity
Stockholders' equity attributable to parent, including:1,9602,0141,6941,428983950909
Common stock  173386   
Accumulated other comprehensive income (loss)5711(25)(12)(8)0(3)
Retained earnings962954852753695638588
Other undisclosed stockholders' equity attributable to parent9411,049693301296312324
Total stockholders' equity:1,9602,0141,6941,428983950909
TOTAL LIABILITIES AND EQUITY:17,64914,64413,30012,2139,0648,7288,610

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues524554473506420363343
Net investment income524554473378297282267
Financial services revenue1291228076
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:467536462492407353343
Operating expenses(133)(155)(129)(62)(140)(141)(133)
Other operating income, net
(Noninterest Income, Other Operating Income)
1516 14101111
Operating income:349397333445277223221
Nonoperating income (expense) (0) 0132
Investment income, nonoperating    000
Gains on sales of other real estate    132
Mortgage servicing rights (msr) impairment (recovery) (0) 0000
Interest and debt expense(27)(59)(41)(28)(18)(18)(19)
Income from continuing operations before equity method investments, income taxes:322337292417261208205
Other undisclosed loss from continuing operations before income taxes(113)(102)(85)(260)(116)(77)(75)
Income from continuing operations before income taxes:209235206157145130130
Income tax expense(48)(54)(46)(50)(50)(44)(45)
Net income available to common stockholders, diluted:161181160107968784

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income:161181160107968784
Other comprehensive income (loss)4636(10)(4)(9)314
Comprehensive income, net of tax, attributable to parent:207217151103879098

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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