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FIBK

First Interstate BancSystem, Inc.

FIBK

First Interstate BancSystem, Inc. • NASDAQ
$32.84 ▲ 0.12% (+0.04)
Market Cap $3.39 B
52w High $35.25
52w Low $22.95
Dividend Yield 1.88%
P/E 13.86
Volume 1.20M
Outstanding Shares 103.17M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $250.5M ▼ $157.9M ▲ $71.4M ▼ 28.503% ▲ $0.69 $108.9M ▲
Q2-2025 $338.6M ▼ $155.1M ▼ $71.7M ▲ 21.175% ▲ $0.69 ▲ $103M ▲
Q1-2025 $345.3M ▼ $160.6M ▼ $50.2M ▼ 14.538% ▲ $0.49 ▼ $76.9M ▼
Q4-2024 $372.8M ▼ $160.9M ▲ $52.1M ▼ 13.975% ▼ $0.51 ▼ $82.3M ▼
Q3-2024 $374.4M $159.4M $55.5M 14.824% $0.54 $88.1M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $1.554B ▲ $27.333B ▼ $23.884B ▼ $3.449B ▲
Q2-2025 $1.192B ▲ $27.566B ▼ $24.145B ▼ $3.422B ▲
Q1-2025 $982.6M ▲ $28.28B ▼ $24.919B ▼ $3.361B ▲
Q4-2024 $960.4M ▼ $29.137B ▼ $25.833B ▼ $3.304B ▼
Q3-2024 $6.233B $29.596B $26.23B $3.366B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $71.4M ▼ $91.7M ▲ $743.7M ▼ $-476.4M ▲ $359M ▲ $84.3M ▲
Q2-2025 $71.7M ▲ $68.1M ▼ $908.5M ▲ $-757.8M ▲ $218.8M ▲ $60.2M ▼
Q1-2025 $50.2M ▼ $78.5M ▼ $833.7M ▲ $-937.4M ▼ $-25.2M ▼ $74.3M ▼
Q4-2024 $52.1M ▼ $95.2M ▲ $558.8M ▲ $-456M ▲ $198M ▲ $88.6M ▲
Q3-2024 $55.5M $89.9M $486.7M $-836.5M $-259.9M $82.4M

Revenue by Products

Product Q3-2021Q4-2021Q1-2022Q2-2022
Credit and Debit Card
Credit and Debit Card
 $10.00M ▲$10.00M ▲$10.00M ▲$20.00M ▲
Deposit Account
Deposit Account
 $0 ▲$0 ▲$10.00M ▲$10.00M ▲
Financial Service Other
Financial Service Other
 $0 ▲$0 ▲$0 ▲$0 ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown well over the past five years, helped by acquisitions and a broader footprint, moving the bank into a larger earnings bracket than it occupied before 2022. Profitability remains solid, but earnings per share have been a bit bumpy and are below their prior peak, which likely reflects margin pressure from higher funding costs and a more competitive environment. Overall, this is a stable, reasonably profitable income statement, but not one on a smooth upward path—there is clear growth, but also signs of earnings compression and some volatility as the bank digests expansion and navigates rate cycles.

Balance Sheet

Balance Sheet The balance sheet shows a much larger institution than it was five years ago, with assets and equity both stepping up meaningfully after acquisitions. Debt has increased versus earlier years but has started to edge down, which is a positive sign for balance sheet discipline. Cash levels are lower than the pandemic-era peak but look more like a normal operating level for a regional bank. In broad terms, FIBK appears adequately capitalized with a manageable level of borrowing, though its larger size brings the usual regional-bank exposures to interest rate swings and credit quality in its loan book.

Cash Flow

Cash Flow Cash generation looks steady and reliable. Operating cash flow has consistently been positive and generally stronger than it was five years ago, and free cash flow closely tracks operating cash flow because ongoing investment needs are modest. Low capital spending requirements mean most cash generated can be used for dividends, buybacks, or balance sheet strengthening rather than heavy reinvestment. The small step down from peak cash flow levels in recent years does not change the overall picture: this is a bank that throws off predictable cash, with no obvious red flags in its cash flow profile.

Competitive Edge

Competitive Edge FIBK competes as a classic community-focused regional bank rather than a national or tech-driven player. Its strengths are deep local relationships, strong brand recognition in smaller and mid-sized markets, and a meaningful presence in several faster-growing Western and Midwestern states. A large base of relatively low-cost deposits and niche expertise in areas like agricultural lending and community business banking add to its appeal. On the other hand, it faces stiff competition from larger regional and national banks, as well as digital-first providers, and must continuously prove that its high-touch, branch-based model can remain efficient and relevant as customer behavior shifts more online. Integration of past acquisitions and careful credit risk management are ongoing competitive tests.

Innovation and R&D

Innovation and R&D Innovation at FIBK is incremental and practical rather than flashy. The bank offers a solid digital experience—online and mobile banking, Zelle, business treasury services—and has made thoughtful back-office moves like shifting IT support to the cloud to cut costs and improve service. It does not appear to be on the frontier of fintech or differentiated by proprietary technology, but instead uses technology to reinforce its relationship banking model and improve efficiency. Under newer leadership, the key watchpoints will be whether it meaningfully upgrades digital tools for small businesses, selectively uses data and AI for risk and personalization, and smartly blends branch presence with digital channels without losing its community-oriented edge.

Summary

FIBK today looks like a larger, more complex regional bank built on traditional strengths: community relationships, niche lending expertise, and a stable deposit base. Financially, revenue has grown nicely and profitability is solid, though earnings are under some pressure compared with earlier highs. The balance sheet is bigger but still appears conservatively run, and cash flow is steady with limited capital spending needs. Competitively, its moat is cultural and geographic rather than technological, which is both an advantage in its core markets and a risk if digital expectations keep rising faster than its pace of innovation. The main uncertainties revolve around how well it manages credit risk through cycles, adjusts to interest rate changes, continues integrating acquisitions, and modernizes its digital offerings while preserving its community-bank identity.

NEWS

November 24, 2025 · 6:01 PM UTC

Sandisk Set to Join S&P 500; Upwork, First Interstate BancSystem, PTC Therapeutics to Join S&P SmallCap 600

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November 6, 2025 · 8:55 AM UTC

HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION TO FIRST INTERSTATE BANCSYSTEM, INC.

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October 29, 2025 · 4:09 PM UTC

First Interstate BancSystem, Inc. Reports Third Quarter Earnings

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October 24, 2025 · 8:00 AM UTC

HOLDCO ASSET MANAGEMENT RELEASES PRESENTATION PREVIOUSLY PROVIDED TO THE BOARD OF DIRECTORS OF FIRST INTERSTATE BANCSYSTEM, INC. ON SEPTEMBER 3, 2025

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October 16, 2025 · 4:01 PM UTC

Security First Bank to Expand in Nebraska Through Acquisition of 11 Banking Offices From First Interstate Bank

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