“Although an overall decline in residential mortgage volumes resulted in a lower level of income from loans sold into the secondary market, we had sufficient volume to drive a 5% increase in our retained residential real estate portfolio during the third quarter. We also continue to see strength in our indirect consumer loan portfolio, which increased 3% during the quarter. While commercial and commercial real estate loan demand continued to be relatively weak, when compared to the demand we have historically experienced, and negatively impacted our overall level of revenue, we did a good job of managing expenses in order to maintain a solid level of profitability,” said Garding.DIVIDEND DECLARATION
First Interstate BancSystem, Inc. Reports Strong Third Quarter Earnings On Improved Credit Quality
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