This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Cramer's Action Alerts PLUS - See his portfolio and get alerts BEFORE every trade. Learn more NOW!

First Interstate BancSystem, Inc. Reports First Quarter 2012 Results

The following table reconciles the above described non-GAAP financial measures to their most directly comparable GAAP financial measures as of the dates indicated.


(Unaudited; $ in thousands except share and per share data)

March 31, December 31, March 31,
      2012       2011       2011
Total stockholders’ equity (GAAP) 779,275 771,020 741,697
Less goodwill and other intangible assets (excluding mortgage servicing rights) 190,708 191,065 192,155
Less preferred stock     50,000         50,000         50,000  
Tangible common stockholders’ equity (Non-GAAP) $ 538,567 $ 529,955 $ 499,542
Add deferred tax liability for deductible goodwill     60,499         60,499         60,499  
Net tangible common stockholders’ equity (Non-GAAP)     $ 599,066         $ 590,454         $ 560,041  
Total assets (GAAP) 7,394,306 7,325,527 7,429,126
Less goodwill and other intangible assets (excluding mortgage servicing rights)     190,708         191,065         192,155  
Tangible assets (Non-GAAP)     7,203,598         7,134,462         7,236,971  
Common shares outstanding 43,190,975 42,984,174 42,961,253
Book value per common share $ 16.88 $ 16.77 $ 16.10
Tangible book value per common share $ 12.47 $ 12.33 $ 11.63
Net tangible book value per common share     $ 13.87         $ 13.74         $ 13.04  
Tangible common stockholders’ equity to tangible assets (Non-GAAP)     7.48 %       7.43 %       6.90 %
Net tangible common stockholders’ equity to tangible assets (Non-GAAP)     8.32 %       8.28 %       7.74 %

9 of 10

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 18,132.70 -81.72 -0.45%
S&P 500 2,104.50 -6.24 -0.30%
NASDAQ 4,963.5270 -24.3630 -0.49%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs