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First Interstate BancSystem (First Interstate BancSystem) Scaled Net Operating Assets : -0.01 (As of Dec. 2023)


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What is First Interstate BancSystem Scaled Net Operating Assets?

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Interstate BancSystem's operating assets for the quarter that ended in Dec. 2023 was $24,252 Mil. First Interstate BancSystem's operating liabilities for the quarter that ended in Dec. 2023 was $24,557 Mil. First Interstate BancSystem's Total Assets for the quarter that ended in Sep. 2023 was $30,541 Mil. Therefore, First Interstate BancSystem's scaled net operating assets (SNOA) for the quarter that ended in Dec. 2023 was -0.01.

First Interstate BancSystem Scaled Net Operating Assets Calculation

Scaled Net Operating Assets (SNOA) is calculated as the difference between operating assets and operating liabilities, scaled by lagged total assets.

First Interstate BancSystem's Scaled Net Operating Assets (SNOA) for the fiscal year that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(A: Dec. 2023 )
=(Operating Assets (A: Dec. 2023 )-Operating Liabilities (A: Dec. 2023 ))/Total Assets (A: Dec. 2022 )
=(30093.3-24556.8)/32287.8
=0.17

where

Operating Assets(A: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=30671.2 - 577.9
=30093.3

Operating Liabilities(A: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27443.7 - 283.9 - 2603
=24556.8

First Interstate BancSystem's Scaled Net Operating Assets (SNOA) for the quarter that ended in Dec. 2023 is calculated as

Scaled Net Operating Assets (SNOA)(Q: Dec. 2023 )
=(Operating Assets (Q: Dec. 2023 )-Operating Liabilities (Q: Dec. 2023 ))/Total Assets (Q: Sep. 2023 )
=(24251.8-24556.8)/30540.8
=-0.01

where

Operating Assets(Q: Dec. 2023 )
=Total Assets - Balance Sheet Cash And Cash Equivalents
=30671.2 - 6419.4
=24251.8

Operating Liabilities(Q: Dec. 2023 )
=Total Liabilities - Long-Term Debt & Capital Lease Obligation - Short-Term Debt & Capital Lease Obligation
=27443.7 - 283.9 - 2603
=24556.8

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

First Interstate BancSystem Scaled Net Operating Assets Related Terms

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First Interstate BancSystem (First Interstate BancSystem) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Interstate BancSystem Inc (NAS:FIBK) » Definitions » Scaled Net Operating Assets
Comparable Companies
ASB CATY FBP ABCB SFBS FHB TCBI UCBI BANF IBOC CAR:BPV CAR:MVZ.A CAR:BNC NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 ISX:BBCA XPAR:BNP MIC:SBER
Traded in Other Exchanges
4FB:Germany
Address
401 North 31st Street, Billings, MT, USA, 59101
Website
https://www.fibk.com
First Interstate BancSystem Inc is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. It delivers a range of financial products and services to both retail and commercial customers in industries like agriculture, construction, education, energy, governmental services, healthcare, mining, professional services, retail, tourism, and wholesale trade. It generates a majority of income from interest charged on loans, and interest and dividends earned on investments.
Executives
Homer Scott Jr Trust, Homer Scott Jr. & First Interstate Wealth Management Co Trustees 10 percent owner FIRST INTERSTATE BANK, TRUSTEE, PO BOX 2007, SHERIDAN WY 82801
Julie A Scott 10 percent owner P O BOX 30918, BILLINGS MT 59116
Jonathan R Scott director P.O. BOX 30918, BILLINGS MT 59116
Kevin P Riley officer: President & CEO BERKSHIRE HILLS BANCORP INC, 24 NORTH STREET, PITTSFIELD MA 01201
Marcy D Mutch officer: Exec. Vice Pres. & CFO PO BOX 30918, BILLINGS MT 59116
Kirk D Jensen officer: General Counsel PO BOX 30918, BILLINGS MT 59116
Lorrie Asker officer: Chief Banking Officer 401 N. 31ST STREET, BILLINGS MT 59116-0918
James Brannen director 5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Ashley Hayslip officer: EVP, Chief Banking Officer P.O. BOX 30918, BILLINGS MT 59116
Scott James R. Jr director PO BOX 30918, BILLINGS MT 59116
Russell A Lee officer: EVP & Chief Banking Officer P.O. BOX 30918, BILLINGS MT 59116
James R Scott director, 10 percent owner C/O FIRST INTERSTATE BANCSYSTEM INC, P O BOX 30918, BILLINGS MT 59116
Heyneman John M Jr director, 10 percent owner C/O FIRST INTERSTATE BANCSYSTEM INC, P O BOX 30918, BILLINGS MT 59116
Kristina Robbins officer: SVP, Chief Operations Officer PO BOX 30918, BILLINGS MT 59116
Philip G Gaglia officer: Chief Risk Officer PO BOX 30918, BILLINGS MT 59116