FIBK FY 2021 Earnings Report — First Interstate BancSystem, Inc. Revenue & Financial Results | Market Cap Arena

First Interstate BancSystem, Inc.FIBK

FY 2021 Earnings

Reported February 25, 2022

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2021	Prior Q	FY 2020	QoQ Change	YoY Change
Revenue	$656M	—	$680M	—	-3.6%
Op. Income	$248M	—	$209M	—	18.4%
Gross Margin	99.6%	—	87.7%	—	11.9pp
Net Margin	29.3%	—	23.7%	—	5.6pp
EPS (Diluted)	$3.11	—	$2.53	—	22.9%
Free Cash Flow	$272M	—	$238M	—	14.2%

Revenue Flow

Item	Amount
REVENUE	$656M
Cost of Revenue	$3M
GROSS PROFIT	$653M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$227M
SG&A Expenses	$227M
Other Expenses	$178M
Operating Expenses	$406M
Cost & Expenses	$408M
OPERATING INCOME	$248M
Interest Income	$507M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$248M
Income Tax Expense	$56M
Net Income from Continuing Ops	$192M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$192M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$192M
D&A	$44M
EBIT	$248M
EBITDA	$292M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$656M
Cost of Revenue	$3M
GROSS PROFIT	$653M
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$227M
SG&A Expenses	$227M
Other Expenses	$178M
Operating Expenses	$406M
Cost & Expenses	$408M
OPERATING INCOME	$248M
Interest Income	$507M
Interest Expense	$17M
Other Income/Expenses	$0
INCOME BEFORE TAX	$248M
Income Tax Expense	$56M
Net Income from Continuing Ops	$192M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$192M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$192M
D&A	$44M
EBIT	$248M
EBITDA	$292M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$192M
Depreciation & Amortization	$44M
Stock-Based Compensation	$9M
Deferred Income Tax	$5M
Other Non-Cash Items	$48M
Change in Working Capital	-$16M
OPERATING CASH FLOW	$282M
Capital Expenditure	-$10M
Acquisitions (Net)	$0
Purchases of Investments	-$4.0B
Sales/Maturities of Investments	$1.4B
Other Investing Activities	$469M
NET CASH FROM INVESTING	-$2.1B
Net Debt Issuance	$0
Common Stock Repurchased	-$5M
Common Dividends Paid	-$102M
Other Financing Activities	$2.0B
NET CASH FROM FINANCING	$1.9B
FREE CASH FLOW	$272M
Net Change in Cash	$68M

Balance Sheet

Item	Amount
Cash & Equivalents	$2.3B
Short-Term Investments	$4.8B
Net Receivables	$47M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$7.2B
PP&E (Net)	$300M
Goodwill	$622M
Intangible Assets	$70M
Long-Term Investments	$10.9B
Tax Assets	$0
Other Non-Current Assets	$542M
TOTAL NON-CURRENT ASSETS	$12.5B
TOTAL ASSETS	$19.7B
Account Payables	$152M
Short-Term Debt	$1.1B
Deferred Revenue	$0
Other Current Liabilities	$16.3B
TOTAL CURRENT LIABILITIES	$17.5B
Long-Term Debt	$198M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$9M
Other Non-Current Liabilities	$4M
TOTAL NON-CURRENT LIABILITIES	$213M
TOTAL LIABILITIES	$17.7B
Common Stock	$945M
Additional Paid-In Capital	$0
Retained Earnings	$1.1B
Treasury Stock	$0
Accum. Other Comp. Income	-$11M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.0B
Minority Interest	$0
TOTAL EQUITY	$2.0B
TOTAL LIABILITIES & EQUITY	$19.7B
Total Debt	$1.3B
Net Debt	-$1.1B