FIBK — what changed in the latest 10-Q
A section-by-section comparison of FIBK's newest periodic SEC filing (10-K/10-Q) against the prior same-form filing: paragraphs added and removed per section, with verbatim excerpts. Purely a deterministic text diff — no similarity scores, no directional read, not investment advice.
Comparing 10-Q · 2026-08-03 vs the prior 10-Q · 2026-05-07
| Section | Outcome | Added | Removed | Minor | Unchanged |
|---|---|---|---|---|---|
| MD&A | Text added/removed | +39 | −25 | ~48 | 51 |
| Market risk (Item 3) | Text added/removed | +1 | −2 | ~2 | 7 |
| Controls & procedures | Text added/removed | 0 | 0 | ~3 | 1 |
| Legal proceedings | No paragraph-level changes | 0 | 0 | 0 | 1 |
| Risk factors | No material changes reported (points to the 10-K) | — | — | — | — |
| Other information | Text added/removed | 0 | 0 | ~1 | 0 |
Counts are paragraphs; added/removed means text added or removed vs the prior filing — no direction or judgement implied.
Representative excerpts
Up to 5 excerpts of about 300 characters per section, quoted verbatim from the two SEC filings.
MD&A
Text added vs the prior filing · source: 10-Q · 2026-08-03
On August 28, 2025, the board of directors of the Company adopted a new stock repurchase program, pursuant to which the Company has been authorized to repurchase up to $150.0 million of its issued and outstanding shares of common stock on or prior to March 31, 2027, which is the expiration date of t…
On April 10, 2026, the Bank closed the previously disclosed transaction with Security First Bank (“Security First”) for a gain of $19.5 million, pursuant to which Security First acquired eleven Nebraska branches from the Bank, including approximately $244.2 million in deposits and loans with outstan…
Closure of Iowa Branch and Oregon Branch, and Pending Closure of Washington Branch
As previously announced, following a strategic review, the Company closed two branches, one branch in Iowa and one branch in Oregon on July 10, 2026 and intends to close one branch in Washington during the third quarter of 2026. These branch closures are intended to enhance operational efficiency an…
The Company’s quarterly yield on interest earning assets increased to 4.65% for the three months ended June 30, 2026 from 4.63% for the three months ended March 31, 2026, and decreased from 4.76% for the three months ended June 30, 2025.
Text removed vs the prior filing · source: 10-Q · 2026-05-07
On April 10, 2026, the Bank closed the previously disclosed transaction with Security First Bank (“Security First”) pursuant to which Security First acquired eleven Nebraska branches from the Bank, including approximately $244.2 million in deposits and loans with outstanding balances of $64.1 millio…
As previously announced, following a strategic review, the Company intends to close two branches, one branch in Iowa and one branch in Oregon, at the beginning of the third quarter of 2026. These branch closures are intended to enhance operational efficiency and better position the Company for long-…
The Company’s quarterly yield on interest earning assets decreased to 4.63% for the three months ended March 31, 2026 from 4.67% for the three months ended December 31, 2025, and decreased from 4.75% for the three months ended March 31, 2025.
Net interest income, the largest source of our operating income, is derived from interest, dividends, and fees received on interest earning assets, less interest expense incurred on interest bearing liabilities. Interest earning assets primarily include loans and investment securities. Interest bear…
For the periods indicated, the following table presents average balance sheet information, together with interest income and yields earned on average interest earning assets and interest expense and rates paid on average interest-bearing liabilities.
Market risk (Item 3)
Text added vs the prior filing · source: 10-Q · 2026-08-03
As of June 30, 2026, the Company does not have any active interest rate derivatives designated as fair value or cash flow hedges. Amounts previously deferred in accumulated other comprehensive income (AOCI) related to cash flow hedges will be reclassified to income over time as the previously hedged…
Text removed vs the prior filing · source: 10-Q · 2026-05-07
The Company’s objectives in using interest rate derivatives are to add stability to interest income (expense) and to manage its exposure to interest rate movements. To accomplish these objectives, the Company primarily uses interest rate swaps and collars as part of its interest rate risk management…
As of March 31, 2026, the Company does not have any active interest rate derivatives designated as cash flow hedges. The Company continues to monitor its interest rate risk exposure and may enter into new derivative contracts in the future as part of its ongoing risk management activities.
How to read Risk Factors (Item 1A) in a 10-Q
A 10-Q risk-factor section usually takes one of three forms; this page classifies it as one of:
- Pointer — the filer states there have been no material changes and points back to the annual 10-K risk factors; there is no own risk text to compare this quarter.
- Partial update — the filer carves out specific updated risks ("except as set forth below"); the excerpts show exactly what is new this quarter.
- Restated in full — the quarter carries the complete risk-factor text. When the prior quarter was only a pointer there is no prior full text to diff against, so the page flags the section as restated instead.
This describes the filing structure only — it is never a judgement on whether risk went up or down.
Source: text-level diff of the two SEC EDGAR filings · deterministic (no AI-generated content) · for reference only · not investment advice