First Interstate BancSystem just smashed Q2 earnings—revenue hit $265.3M, beating forecasts, and adjusted EPS soared to 87 cents, way above estimates. Their turnaround? A leaner balance sheet, smarter loan management, and deepening customer relationships. They’ve trimmed non-core loans, boosted net interest margins for nine quarters straight, and are rebuilding a stronger deposit pipeline. While loan balances still fluctuate, they’re focused on long-term efficiency: growing low-cost deposits, cutting costs, and building a more resilient, relationship-driven bank.
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