UNITED
STATES
SECURITIES AND EXCHANGE COMMISSION
Washington D.C. 20549
FORM 8-K
CURRENT
REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of report (date of earliest event reported): April 25, 2007
FIRST INTERSTATE BANCSYSTEM, INC.
(Exact name of registrant as specified in its charter)
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| Montana
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000-49733
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81-0331430 |
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(State or other jurisdiction of
incorporation or organization)
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(Commission
File No.)
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(IRS Employer
Identification No.) |
401
North
31st Street, Billings, MT 59116
(Address of principal executive offices, including zip code)
(Registrant’s telephone number, including area code)
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy
the filing obligation of the registrant under any of the following provisions:
o Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-
12)
o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
(17 CFR 240.14d-2(b))
o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
(17 CFR 240.13e-4(c))
TABLE OF CONTENTS
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| Item 2.02 |
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Results of Operations and Financial Condition. |
On April 25, 2007, First Interstate BancSystem, Inc. (the “Registrant”) issued its
first quarter 2007 performance report and shareholders’ letter (the “Shareholders’
Letter”) to holders of common stock of the Company as of that date.
Certain statements contained in the Shareholders’ Letter constitute
“forward-looking statements” that involve risk and uncertainties. The Registrant
desires to caution readers that the following factors, among others, may cause the
actual results, performance or achievements of the Registrant to be materially
different from any future results, performance or achievements expressed or implied
by such forward-looking statements. Such factors include general economic and
business conditions in those areas in which the Registrant operates, credit
quality, demographic changes, competition, fluctuations in interest rates, changes
in business strategy or development plans and changes in governmental regulations.
These and other risk factors are set forth in the Registrant’s Annual Report on
Form 10-K filed with the Securities and Exchange Commission.
The
Shareholders’ Letter is attached as Exhibit 99 to this Current Report on Form 8-K.
In the Shareholders’ Letter under the heading “Selected Ratios,” the Registrant
included the ratio “Return on average common equity excluding market adjustment of
securities,” which constitutes a non-GAAP financial measure (the “non-GAAP ratio”).
The most directly comparable financial measure presented in accordance with GAAP
is the ratio “Return on average common equity” which appears immediately prior to
the non-GAAP ratio. A reconciliation between the two ratios is derived by
including mark-to-market adjustment of securities as required under GAAP. The
Registrant’s management believes the presentation of the non-GAAP ratio provides
useful information to investors because the ratio does not take into account the
mark-to-market adjustment of only a portion of the Company’s balance sheet.
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| Item 7.01 |
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Regulation FD Disclosure. |
The information furnished under Item 2.02 is also being furnished under this
Item 7.01.
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| Item 9.01 |
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Financial Statements and Exhibits. |
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(c) Exhibit 99 — First Quarter 2007 Shareholders’ Letter |