First Interstate Bancsystem vs Independent Bank
First Interstate Bancsystem is the larger business, with $1.06bn of revenue in fiscal 2025 against $858m for Independent Bank (1.2 times as much). Independent Bank grew faster (24.3% against 5.9%). First Interstate Bancsystem kept more of each dollar of sales as profit: a net margin of 28.5% against 23.9%.
| Latest fiscal year | First Interstate BancsystemFIBK, 2025 | Independent BankINDB, 2025 |
|---|---|---|
| Revenue | $1.06bn | $858m |
| Revenue growth | 5.9% | 24.3% |
| Net income | $302m | $205m |
| Operating margin | — | — |
| Net margin | 28.5% | 23.9% |
| Return on equity | 8.9% | 6.3% |
| Free cash flow | — | $239m |
| Cash | $1.31bn | $772m |
| Total debt | $146m | $826m |
| Debt to equity | — | — |
| Dividend per share | $1.88 | $2.36 |
| Dividend yield | 5.1% | 2.8% |
| Share buybacks | $122m | $60.8m |
| Employees | 3,376 | 2,294 |
| Market value | $3.52bn | $4.01bn |
| Price vs our value range | — | — |
| Moat score | 60 (Moderate) | 67 (Moderate) |
| Insider trades, 12 months | 0 buys, 23 sales | 0 buys, 10 sales |