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First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc.

NASDAQ•FIBK
CEO: Ms. Marcy D. Mutch CPA
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2010-03-24
First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising 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 provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing 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 incorporated in 1971 and is headquartered in Billings, Montana.
Contact Information
401 North 31st Street, Billings, MT, 59101, United States
406-255-5311
www.fibk.com
Market Cap
$3.63B
P/E (TTM)
14.8
15
Dividend Yield
5.3%
52W High
$36.35
52W Low
$22.95
52W Range
91%
Rank38Top 27.7%
4.7
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.7 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$250.50M-33.09%
4-Quarter Trend

EPS

$0.69+27.78%
4-Quarter Trend

FCF

$84.30M+2.31%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Net Income Rises Significantly Net income grew $19.4M to $193.3M for nine months ended September 30, 2025, driven by lower provision expense and higher NII.
Net Interest Margin Expansion GAAP NIM increased 31 basis points to 3.27% for nine months, primarily due to lower interest expense from reduced other borrowed funds balances.
Strong Capital Ratios Maintained Consolidated CET1 ratio stood strong at 13.90%, significantly exceeding the 6.50% minimum requirement for well-capitalized status.
Loan Portfolio Contraction Net loans held for investment decreased $2.01B (11.3%) to $15.63B year-to-date, reflecting strategic sales and paydowns.

Risk Factors

Asset Quality Deterioration Non-accrual loans increased 31.3% to $181.6M by September 30, 2025, driven by commercial real estate and agricultural loan downgrades.
Deposit Base Reduction Total deposits fell $410.6M (1.8%) to $22.61B since year-end 2024, necessitating the full repayment of $1.57B in other borrowed funds.
Interest Rate Sensitivity Simulation shows a potential 0.92% drop in net income if rates rise 200 basis points, indicating continued rate risk exposure.
Strategic Transaction Risks The announced sale of Nebraska branches and planned closures introduce integration/operational risks and potential future asset write-downs.

Outlook

Branch Network Streamlining Company closed AZ/KS branches, anticipating $60M pre-tax gain, and plans four additional Nebraska branch closures in early 2026.
Credit Loss Expectations Provision for credit losses was zero for Q3 2025 (reversal of $1.5M), but management continues ongoing evaluation based on economic outlook.
Shareholder Returns Focus New $150M stock repurchase program authorized through March 2027, signaling management focus on returning capital to shareholders.
Tax Law Evaluation Company is currently evaluating the impact of the recently enacted One Big Beautiful Bill Act (OBBBA) tax provisions.

Peer Comparison

Revenue (TTM)

Banco Macro S.A.BMA
$4.82B
-19.2%
Webster Financial CorporationWBS
$4.34B
+5.1%
Associated Banc-CorpASB
$2.15B
-1.4%

Gross Margin (Latest Quarter)

First Interstate BancSystem, Inc.FIBK
100.0%
+38.0pp
First BanCorp.FBP
73.0%
+2.2pp
Independent Bank Corp.INDB
65.2%
+3.0pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
WBS$10.62B11.310.0%1.5%
BMA$5.74B29.86.6%7.3%
ASB$4.30B24.33.7%9.5%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
-12.4%
Growth Under Pressure
4Q Net Income CAGR
11.1%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Feb 4, 2026
|
EPS:$0.79
|
Revenue:-
Reports
All Years
  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 6, 2025|
    Revenue: $250.50M-33.1%
    |
    EPS: $0.69+27.8%
    Beat
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $338.60M-7.6%
    |
    EPS: $0.69+19.0%
    Beat
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $345.30M-5.9%
    |
    EPS: $0.49-14.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $1.48B+3.7%
    |
    EPS: $2.19-11.7%
    Beat
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 4, 2024|
    Revenue: $374.40M+2.7%
    |
    EPS: $0.54-22.9%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 2, 2024|
    Revenue: $366.60M+1.4%
    |
    EPS: $0.58-10.8%
    Beat
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 3, 2024|
    Revenue: $366.80M+10.4%
    |
    EPS: $0.57+5.6%
    Beat
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $1.43B+20.5%
    |
    EPS: $2.48+26.5%
    Beat