Exploring Analyst Estimates for First Interstate BancSystem (FIBK) Q3 Earnings, Beyond Revenue and EPS

In its upcoming report, First Interstate BancSystem (FIBK) is predicted by Wall Street analysts to post quarterly earnings of $0.70 per share, reflecting an increase of 1.5% compared to the same period last year. Revenues are forecasted to be $248.88 million, representing a year-over-year decrease of 1.2%.

The consensus EPS estimate for the quarter has undergone an upward revision of 2.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.

Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.

While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.

Bearing this in mind, let's now explore the average estimates of specific First Interstate BancSystem metrics that are commonly monitored and projected by Wall Street analysts.

The combined assessment of analysts suggests that 'Net FTE interest margin ratio' will likely reach 3.5%. Compared to the current estimate, the company reported 3.4% in the same quarter of the previous year.

Analysts' assessment points toward 'Efficiency Ratio' reaching 63.6%. The estimate compares to the year-ago value of 61.7%.

Based on the collective assessment of analysts, 'Total risk-based capital to total risk-weighted assets' should arrive at 17.7%. Compared to the present estimate, the company reported 16.6% in the same quarter last year.

According to the collective judgment of analysts, 'Average Balance - Total interest earning assets' should come in at $23.36 billion. Compared to the present estimate, the company reported $24.59 billion in the same quarter last year.

Analysts expect 'Leverage ratio' to come in at 9.8%. Compared to the present estimate, the company reported 9.6% in the same quarter last year.

The average prediction of analysts places 'Total non-performing loans' at $147.91 million. The estimate is in contrast to the year-ago figure of $182.20 million.

The consensus among analysts is that 'Total non-performing assets' will reach $153.68 million. Compared to the present estimate, the company reported $185.60 million in the same quarter last year.

The consensus estimate for 'Tier 1 risk-based capital to total risk-weighted assets' stands at 14.9%. Compared to the current estimate, the company reported 13.9% in the same quarter of the previous year.

It is projected by analysts that the 'Net Interest Income' will reach $204.89 million. The estimate is in contrast to the year-ago figure of $206.80 million.

The collective assessment of analysts points to an estimated 'Total noninterest Income' of $42.60 million. The estimate is in contrast to the year-ago figure of $43.70 million.

Analysts forecast 'Wealth management revenues' to reach $10.72 million. Compared to the present estimate, the company reported $10.40 million in the same quarter last year.

Analysts predict that the 'Net interest income on a fully-taxable equivalent basis' will reach $206.65 million. Compared to the current estimate, the company reported $208.20 million in the same quarter of the previous year.

Shares of First Interstate BancSystem have experienced a change of -2.7% in the past month compared to the +1% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), FIBK is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Zacks' Research Chief Names "Stock Most Likely to Double"

Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.

Of course, all our elite picks aren't winners, but this one could far surpass earlier Zacks' Stocks Set to Double like D-Wave Quantum, which shot up +680.1%.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report

This article originally published on Zacks Investment Research (zacks.com).

Zacks Investment Research