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First Interstate's Northwest Region Reports Strong Financial Performance

Strategic Insights

— 1 min read

First Interstate's five-state Northwest Region has recorded a 9.5 percent increase in net income for the first quarter of 1995, reaching $55.8 million. This growth can be attributed to the region's focus on customer service and meeting the needs of its customers. The region's average loans have risen by 20 percent to $9 billion, with residential real estate loans contributing significantly to this growth.

Key Takeaways:

  • The Northwest Region's net income increased by 9.5 percent to $55.8 million in the first quarter of 1995.
  • The region's average loans for the first quarter 1995 were $9 billion, up 20 percent from the same period in 1994.
  • Residential real estate loans contributed $198 million to the growth, up 22 percent over the same period in 1994.
  • The region's total deposits for 1995 averaged $9.9 billion, up 6 percent over 1994, due in part to the acquisition of the 25 branches of University Savings Bank in Puget Sound.
  • Key performance measures, return on assets and return on equity, were 1.86 percent and 22.9 percent respectively.
  • First Interstate is one of the leading financial institutions in its Northwest Region trade area, serving more than one-third of the nearly 4 million households in the five states it serves.

Statistics:

  • The Northwest Region's net income increased by 9.5 percent to $55.8 million.
  • The region's average loans for the first quarter 1995 were $9 billion, a 20 percent increase from the same period in 1994.
  • Residential real estate loans contributed $198 million to the growth, a 22 percent increase over the same period in 1994.
  • The region's total deposits for 1995 averaged $9.9 billion, a 6 percent increase over 1994.
  • The region's key performance measures were 1.86 percent for return on assets and 22.9 percent for return on equity.
  • First Interstate has a banking system of more than 1,160 banking offices and $56.9 billion in assets.

Sources:

  • BUSINESS WIRE, April 17, 1995
  • First Interstate Bank Northwest Region

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