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First Interstate BancSystem, Inc.
NASDAQ: FIBK Financials Bank 🔎 Screen
🏹 Trader: 🎯 Near 52W High | BRS 64 Forming View all →
$3.8B
Market Cap
11.8
P/E
2.08
PEG
ROCE
9.0%
ROE
0.26
D/E
OPM
-6.1%
% from 52W High
66
α RS
🔍 FIBK is showing a near-52W-high setup because it's within 6.1% of its 52-week high, it matches 2 of 39 tracked screener presets, and RS Rating is 66. Net: Broad signal stack, not a recommendation. ? 52W High Conviction RS Rating
Sources
6.1% from 52W high · Conviction 2/39 · RS Rating 66
🌏 Global Investor Returns
Currency-adjusted total returns for FIBK including FX impact
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📈 Price History
Ratio Health
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By Category
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About

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.

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📈 Growth Pattern
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3-Statement Financial Model
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📊 MIXED First Interstate Q1 2026: NII $200.7M, NIM 3.43%, branch optimization complete
Revenue & Profitability
Net income was $60.2 million in Q1 2026 (EPS $0.61), down from $108.8 million in Q4 2025. Net interest income decreased 2.8% to $200.7 million. Non-interest income was $41.1 million, down from $106.6 million due to prior quarter gains. Non-interest expense was $157.6 million. Net charge-offs were $2.4 million (6 bps of average loans). Provision for credit losses was $6.7 million. The Common Equity Tier 1 ratio was 14.30%.
Outlook
Management expects sequential net interest margin expansion through 2026 and into 2027. They anticipate loan stabilization in Q2 2026 and modest growth in the back half of the year. Deposit growth is expected to be seasonal with modest year-over-year improvement. Macro factors such as energy prices impacting agriculture are noted, but no acute stress is seen.
Growth Drivers
Key growth drivers include the redesigned banking organization with more bankers in production roles and expansion in high-growth markets like Colorado and the Rocky Mountain region. The bank is increasing brand presence with a new marketing campaign. Investments in digital channels, including online account opening and Zelle, support customer attraction and retention. The loan pipeline is the strongest seen in 18 months.
Balance Sheet & CapEx
Not discussed in this earnings call.
Margins
The net interest margin expanded to 3.43% in Q1 2026 from 3.38% in Q4 and 3.22% a year ago, marking the eighth consecutive quarter of expansion. Management expects sequential margin improvement in each quarter of 2026 and into 2027. Loan yields decreased 7 bps to 5.60% due to rate cuts, while deposit costs declined 10 bps. Non-interest expense decreased $9.1 million sequentially, with discipline across expense categories.
Key Risks
Key risks include a modest increase in non-performing loans driven by one specific credit, and criticized loans remaining elevated. The bank faces ongoing credit management in its loan portfolio, particularly in agriculture where energy prices may impact. The branch sale in Nebraska is a near-term headwind to earning assets. Day count and seasonality impact net interest income sequentially.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-07-24
Net interest margin expanded for the ninth straight quarter, with net income rising to $83.9 million and continued improvement in deposit costs and credit quality. Elevated loan payoffs and a smaller balance sheet are expected to persist, but capital ratios and share repurchases remain strong.
Q1 2026 Q1 2026 2026-04-30
Net interest margin expanded for the eighth consecutive quarter, despite lower net interest income and deposits. Strategic branch optimization, digital investments, and robust commercial loan pipelines support guidance for margin expansion and modest loan growth in the second half of 2026.
Q4 2025 Q4 2025 2026-01-29
Q4 net income rose to $108.8M, driven by branch divestiture gains and improved credit quality. Loan balances declined due to intentional runoff and branch sales, while net interest margin expanded. 2026 guidance calls for flat to slightly lower loans, modest deposit growth, and continued capital returns.
Q3 2025 Q3 2025 2025-10-30
Q3 2025 results showed stable earnings, improved credit quality, and a strong capital position, with ongoing branch divestitures and a focus on organic growth. Guidance calls for mid single-digit NII growth in 2026, low expense growth, and continued share repurchases.
Q2 2025 Q2 2025 2025-07-30
Net income and net interest margin improved sequentially, driven by lower interest expense and strategic actions such as outsourcing the credit card portfolio and branch transactions. Capital and liquidity remain strong, with high single-digit net interest income growth expected in 2026.
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📊 Analysis Methodology

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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
Investing in securities, including US equities and ETFs, involves inherent risks including the potential loss of principal. All investments are subject to market fluctuations, economic conditions, regulatory changes, and other factors that may affect their value. Past performance is not indicative of future results. This analysis is provided for informational and educational purposes only and should not be construed as investment advice under any circumstances.

No Investment Recommendation:
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Conflict of Interest Disclosure:
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Information Sources:
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