First Interstate BancSystem, Inc. FIBK R2K

Financial Services · Banks - Regional · United States

https://www.fibk.com

First Interstate BancSystem, Inc. operates as a bank holding company for First Interstate Bank that provides a range of banking products and services in the United States. The company offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services, including administration of estates and personal trusts; manages investment accounts for individuals; employee benefit plans and charitable foundations; and insurance planning. The company's loan portfolio includes real estate loans, such as commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans, including direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it offers marketing, credit review, loan servicing, credit cards servicing, mortgage loan sales and servicing, indirect consumer loan and processing, loan collection services, other operational, and specialized staff support services, as well as online and mobile banking services. The company serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, governmental services, healthcare, hospitality, housing, professional services, real estate development, retail, technology, tourism, and wholesale trade. First Interstate BancSystem, Inc. was formerly known as First Interstate Bancsystem Of Montana, Inc. and changed its name to First Interstate BancSystem, Inc. in June 1993. The company was founded in 1879 and is headquartered in Billings, Montana.

Market & Price

Market Cap

$3.46B

Current Price

$35.60

High / Low (52W)

$38.03 / $24.56

Beta

0.75

Valuation

Stock P/E

11.63

Industry PE

12.01

Forward P/E

12.08

PEG Ratio

1.16

Book Value

$34.47

Price to Book

1.03

P/S

3.32

EV/EBITDA

Dividend Yield

5.28%

Profitability & Returns

ROCE

ROE

9.29%

ROA

1.14%

Profit Margin

30.01%

Op Margin

35.09%

EPS (Latest Qtr)

$0.61

EPS (TTM)

$3.06

Balance Sheet & Liquidity

Debt/Equity

Quick Ratio

Current Ratio

Debt

$849.50M

Total Assets

$26.64B

Current Assets

Working Capital

Ownership

Promoter Holding

8.21%

Chg in Prom Hold

FII / Inst Holding

99.17%

Chg in FII Hold

-0.00%

Financial Snapshot

Enterprise Value

$3.07B

Total Revenue (TTM)

$1.04B

EBITDA

Free Cash Flow

Operating Cash Flow

$282.10M

Shares Outstanding

97.14M

Gross Margin

0.00%

Payout Ratio

61.44%

Growth (CAGR)

Revenue 5Y

-1.44%

Profit 5Y

14.32%

Revenue (YoY)

3.60%

Earnings (YoY)

25.00%

PROS

Excellent profit margin of 30.0%.
Profit CAGR of 14.3% over 5 years.
Attractive dividend yield of 5.28%.
In a confirmed uptrend (50-DMA above 200-DMA).

CONS

Revenue declined at -1.4% CAGR over 5 years.

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Period: Metric:

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Financial Services).

#	Name	CMP $	P/E	Mkt Cap	Div Yld %	ROCE %	ROE %	Rev CAGR 5Y %	Profit CAGR 5Y %
1	FIBK First Interstate BancSystem, Inc. R2K	35.60	11.63	$3.46B	5.28%	-	9.29%	-1.44%	14.32%
2	JPM JPMorgan Chase & Co. SPX	299.31	14.33	$802.00B	2.00%	-	16.47%	12.50%	14.83%
3	V Visa Inc. SPX	326.36	28.48	$620.65B	0.82%	38.38%	60.35%	10.92%	10.28%
4	MA Mastercard Incorporated SPX	493.98	28.57	$436.47B	0.70%	61.47%	-	13.82%	14.66%
5	MS Morgan Stanley SPX	208.00	18.84	$328.08B	1.92%	-	16.39%	9.52%	15.20%
6	GS The Goldman Sachs Group, Inc. SPX	1,025.56	18.73	$302.55B	1.76%	-	14.55%	7.16%	15.11%
7	WFC Wells Fargo & Company SPX	77.54	11.98	$237.29B	2.32%	-	12.03%	4.02%	15.98%
8	BLK BlackRock, Inc. SPX	1,046.88	26.32	$162.51B	2.19%	4.89%	11.90%	10.65%	2.36%
9	SCHW The Charles Schwab Corporation SPX	87.35	17.37	$151.91B	1.47%	-	19.08%	4.83%	7.21%

Quarterly Results

Figures in USD.

Metric	Sep 2013	Mar 2014	Jun 2014	Sep 2014	Mar 2015	Jun 2015	Sep 2015	Mar 2016	Jun 2016	Sep 2016	Mar 2017	Jun 2017	Sep 2017	Mar 2018	Jun 2018	Sep 2018	Mar 2019	Jun 2019	Sep 2019	Mar 2020	Jun 2020	Sep 2020	Mar 2021	Jun 2021	Sep 2021	Mar 2022	Jun 2022	Sep 2022	Mar 2023	Jun 2023	Sep 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	247.00M	248.30M	250.50M	313.00M	241.80M
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	98.30M	90.30M	85.20M	78.80M	70.60M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	66.40M	93.50M	92.60M	139.20M	77.50M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	16.20M	21.80M	21.20M	30.40M	17.30M
Net Income	23.81M	21.39M	21.08M	19.16M	20.98M	22.22M	20.16M	20.12M	25.55M	25.19M	23.20M	21.80M	27.30M	160.20M	41.70M	41.40M	41.60M	37.90M	49.10M	29.30M	36.70M	48.30M	51.40M	42.50M	47.10M	-33.40M	64.10M	85.70M	56.30M	67.00M	72.70M	58.40M	60.00M	-	-	50.20M	71.70M	71.40M	108.80M	60.20M
Diluted EPS	0.54	0.48	0.47	0.42	0.46	0.49	0.44	0.45	0.57	0.56	0.51	0.45	0.48	0.65	0.74	0.71	0.69	0.59	0.76	0.45	0.57	0.76	0.83	0.69	0.76	-0.36	0.59	0.80	0.54	0.65	0.70	0.57	0.58	-	-	0.49	0.69	0.69	1.08	0.61

Profit & Loss (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	1.11B	1.03B	999.70M	1.06B
Cost of Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gross Profit	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Expenses	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Income	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Interest Expense	-	-	-	-	-	-	-	-	-	-	-	-	-	78.90M	401.30M	480.90M	352.60M
Pretax Income	-	-	-	-	-	-	-	-	-	-	-	-	-	257.10M	336.80M	294.50M	391.70M
Tax Provision	-	-	-	-	-	-	-	-	-	-	-	-	-	54.90M	79.30M	68.50M	89.60M
Net Income	53.86M	37.36M	44.55M	58.22M	86.14M	84.40M	86.80M	95.70M	106.50M	160.20M	181.00M	161.20M	-	202.20M	257.50M	226.00M	302.10M
Diluted EPS	1.59	0.85	0.96	1.27	1.96	1.87	1.90	2.13	2.05	2.75	2.83	2.53	-	1.96	2.48	2.19	2.94

Compounded Sales Growth

5 Years:	-1.44%
1 Year:	3.60%

Compounded Profit Growth

5 Years:	14.32%
1 Year:	25.00%

Stock Price Performance

1 Year:	+38.66%
6 Months:	+10.19%
3 Months:	+4.21%
1 Month:	+4.75%

Balance Sheet (Annual)

Figures in USD.

Metric	Dec 2008	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Total Assets	-	-	7.50B	7.33B	7.72B	7.56B	8.61B	8.73B	9.06B	12.21B	13.30B	14.64B	17.65B	-	32.29B	30.67B	29.14B	26.64B
Current Assets	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Cash & Equivalents	314.03M	623.48M	685.62M	472.45M	801.33M	534.83M	798.67M	780.50M	782.00M	758.90M	822.00M	-	-	-	870.40M	577.90M	896.50M	1.31B
Inventory	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Receivables	-	-	-	-	-	-	-	-	-	-	-	-	-	-	118.30M	129.10M	116.80M	102.60M
Total Liabilities	-	-	6.76B	6.55B	6.97B	6.76B	7.70B	7.78B	8.08B	10.79B	11.61B	12.63B	15.69B	-	29.21B	27.44B	25.83B	23.19B
Current Liabilities	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Long Term Debt	-	-	-	-	-	-	-	-	-	-	-	0	98.60M	-	282.90M	283.00M	294.50M	295.40M
Total Debt	-	-	-	-	-	-	-	-	-	-	-	-	-	-	2.61B	2.89B	1.86B	296.00M
Total Equity	539.06M	574.43M	736.80M	771.02M	751.19M	801.58M	908.92M	950.50M	982.60M	1.43B	1.69B	2.01B	1.96B	-	3.07B	3.23B	3.30B	3.45B
Shares Outstanding	-	-	-	-	-	-	-	-	-	-	-	-	-	-	104.44M	103.94M	104.59M	101.11M

Cash Flows (Annual)

Figures in USD.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Operating Cash Flow	81.83M	109.26M	143.10M	135.82M	150.22M	122.01M	115.40M	118.00M	154.60M	219.00M	127.30M	268.30M	-	534.40M	428.00M	355.00M	305.60M
Investing Cash Flow	-229.81M	-387.51M	-125.94M	-141.08M	-204.94M	-195.84M	-95.34M	-143.10M	-130.60M	-181.10M	-16.80M	-1.87B	-	-949.00M	1.25B	1.76B	2.31B
Financing Cash Flow	457.43M	340.39M	-230.33M	334.14M	-211.79M	337.68M	-38.27M	26.60M	-47.10M	25.20M	144.30M	2.80B	-	-1.06B	-1.97B	-1.80B	-2.20B
Capital Expenditure	-	-	-	-	-	-	-	-	-	-	-	-	-	-10.50M	-28.20M	-23.00M	-27.80M
Free Cash Flow	-	-	-	-	-	-	-	-	-	-	-	-	-	523.90M	399.80M	332.00M	277.80M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-	-	-	-	-1.47B	-292.50M	318.60M	413.10M
Share Buybacks	11.05M	3.70M	248.00K	263.00K	448.00K	9.74M	20.65M	26.90M	1.30M	1.00M	2.50M	116.80M	5.40M	199.00M	34.00M	1.20M	121.90M

Ratios (Annual)

Figures in %.

Metric	Dec 2009	Dec 2010	Dec 2011	Dec 2012	Dec 2013	Dec 2014	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Gross Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Operating Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Net Margin %	-	-	-	-	-	-	-	-	-	-	-	-	-	18.3%	25.1%	22.6%	28.5%
ROE %	9.4%	5.1%	5.8%	7.8%	10.7%	9.3%	9.1%	9.7%	7.5%	9.5%	9.0%	8.2%	-	6.6%	8.0%	6.8%	8.8%
ROCE %	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-

Shareholding Pattern

Insiders

8.21%

Institutions

99.17%

Public Float

108.03%

Top Institutional Holders

#	Holder	% Held	Shares	Value
1	Blackrock Inc.	13.88%	13.48M	$479.87M
2	State Street Corporation	6.06%	5.89M	$209.73M
3	Dimensional Fund Advisors LP	5.80%	5.63M	$200.46M
4	Vanguard Portfolio Management LLC	5.65%	5.49M	$195.46M
5	First Interstate Bank	4.79%	4.65M	$165.65M
6	Holdco Asset Management, LP	4.07%	3.95M	$140.62M
7	Wellington Management Group, LLP	4.00%	3.88M	$138.21M
8	FMR, LLC	3.99%	3.88M	$138.03M
9	Vanguard Capital Management LLC	3.97%	3.86M	$137.27M
10	Capital International Investors	2.36%	2.29M	$81.54M

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