A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Regional banking company First Interstate BancSystem (NASDAQ:FIBK) missed Wall Street’s revenue expectations in Q2 CY2025 as sales only rose 1.6% year on year to $248.3 million. Its non-GAAP profit of $0.69 per share was 19.9% above analysts’ consensus estimates.
A number of stocks fell in the morning session after a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut.
Regional banking company First Interstate BancSystem (NASDAQ:FIBK) missed Wall Street’s revenue expectations in Q2 CY2025 as sales only rose 1.6% year on year to $248.3 million. Its non-GAAP profit of $0.69 per share was 19.9% above analysts’ consensus estimates.
Regional banking company First Interstate BancSystem (NASDAQ:FIBK) will be announcing earnings results this Tuesday after market hours. Here’s what you need to know.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at First Interstate BancSystem (NASDAQ:FIBK) and the best and worst performers in the regional banks industry.
Regional banking company First Interstate BancSystem (NASDAQ:FIBK) missed Wall Street’s revenue expectations in Q1 CY2025 as sales only rose 2% year on year to $247 million. Its non-GAAP profit of $0.49 per share was 13.2% below analysts’ consensus estimates.
First Interstate BancSystem (FIBK) is a financial holding company. Over the past year, First Interstate’s share price rose 15.4% from $24.37 to $29.68 as of Thursday’s market close.
