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First Interstate Bancsystem Inc (FIBK) stock

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NASDAQ: FIBK Nasdaq Regional Banks Next results ~January 27, 2027

B Fundamentals grade

First Interstate Bancsystem Inc is a US-listed company in the regional banks industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$31

Valuation models combined (6)

Base case. Range ~$27–$41. Weighted average of 6 models (residual income, justified price-to-book, price-to-book vs return on equity (peers), price-to-book vs peers, forward price-to-earnings vs peers, dividend discount (two-stage)), the residual income counting double.

Price vs value

Modestly overvalued

The price is inside our value range, 24% above our base value.

Price used: $38.73, November 2, 2026

First Interstate Bancsystem Inc valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders0 buying, 8 selling0 purchases and 23 sales by directors and officers, last 12 monthsInsider trades
  • Funds140 adding, 126 cuttingOf 40 active managers that changed their stake, 21 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter First Interstate Bancsystem files

10-Q filed November 2: First Interstate Bancsystem

Rating: Hold to Sell Model value −1.6%

Revenue for the twelve months to September 2026 was $1.07bn, up 6.1% on a year earlier, about the same pace as a quarter earlier. The diluted share count is down 5.1% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C+ to B. Our model value falls from $31.87 to $31.36 a share, against a share price of $38.73. The rating changes from Hold to Sell.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where First Interstate Bancsystem stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $1.07bn, up 6.0% on a year earlier, faster than the 4.9% growth a quarter earlier. That puts it 42 of 50 for growth among the regional banks companies we cover. The diluted share count is down 3.1% on a year earlier, which lifts each remaining share. Our cash-flow model value is $31.87 a share, against a share price of $37.62.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 27, 2027 (estimated)

First Interstate Bancsystem Inc's trailing-twelve-month revenue grew 6.1% year on year, with a free-cash-flow margin of 21.9%. Where it stands out: change in share count of -5.1% ranks 15 of 230 regional banks companies we cover.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 17.0% while net income grew 28.4%: a 45pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Strong cash generation. 21.9% of revenue turned into free cash flow.
  • Shrinking share count. Diluted shares fell 5.1% in a year, so each share owns more of the business.
  • Net cash. Cash exceeds long-term debt by $1.3bn.

Things to watch

  • Weak cash conversion. Free cash flow was 74% of net income over the last 12 months.
  • Below peers: revenue growth. Revenue growth of 6.1% ranks 193 of 245 regional banks companies we cover (median 12.5%).
  • Heavily shorted. 14.6% of the shares available to trade are sold short (6.7 days of average volume to cover).

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
$0.65 against an average estimate of $0.69: missed by 5.2%
Revenue
$250m, down 0.4% on a year earlier
Share reaction
+3.1% in the first session after the results on October 22, 2026, against -1.7% for the S&P 500
Next report
January 27, 2027; average EPS estimate $0.71

First Interstate Bancsystem's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+2.9%
  • 1 week+2.8%
  • 1 month+7.6%
  • This year+16.2%
  • 1 year+30.5%
  • 5 years+19.1%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

Loading chart…

Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$1.1B
Net margin
29.5%
EPS (TTM, diluted)
$3.21

Growth

Revenue growth
+6.1%
Change in growth rate
+0.0 pts
Share count change
−5.1%

Earnings

Last results
October 22, 2026
Next results (est.)
January 27, 2027

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Leadership
  3. Leadership
  4. Results
  5. Leadership
  6. Leadership

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

First Interstate Bancsystem Inc valuation models and calculator

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$31
Price used
$37.76close November 3, 2026
Implied change
▼ 17%
Uncertainty
Low

How we got here: the combined value of 6 valuation models built for a business like First Interstate Bancsystem Inc (see the models table below and how they are combined) , with a 8.8% cost of equity. The models span ~$27–~$41; that spread sets a 15% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Valuation models

We value First Interstate Bancsystem Inc as a bank or lender, with every model that fits that kind of business. Cost of equity 8.8%: the 10-year Treasury yield (4.9%) plus a beta of 0.86 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$31 ~$23–$42 Primary model, counts double
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$30 ~$26–$35 Included
Price-to-book vs return on equity (peers) The price-to-book that peers with this return on equity trade on, from a line fitted across peers. ~$41 ~$23–$60 Included
Price-to-book vs peers Book value per share times peers' typical (harmonic-mean) price-to-book. ~$27 ~$35–$53 Included
Forward price-to-earnings vs peers Next year's consensus earnings per share times peers' typical (harmonic-mean) forward price-to-earnings. Uses analysts' consensus estimates (third-party data), not our forecasts. ~$28 ~$27–$34 Included
Dividend discount (two-stage) Dividends for five years at the growth the business can fund, then a steady payout and growth. ~$31 ~$26–$37 Included
Combined value Weighted average of the models that apply: the primary model (residual income) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$31 ~$27–$41 6 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare First Interstate Bancsystem Inc with banks and lenders in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

Moat

60 /100

Moderate moat

How hard First Interstate Bancsystem's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Net income has been a median 0.9% of total assets over 10 years.

  • Durability 18 / 20

    Net margin has been a median 25.9%; its worst year was 17.4%.

  • Discipline 10 / 20

    The diluted share count rose 58.7% over five years; stock-based pay has been a median 0.9% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (64 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: January 27, 2027, after the close. Analysts expect revenue of $251m and EPS of $0.71 (range $0.66 to $0.73) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $2.68 −9% $994m −6%
Next $2.94 +9% $1.0bn +3%

Next year's EPS estimate has moved +3.1% in 90 days, across 8 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is −1.0% on 90 days ago. In the last 30 days, 1 analyst raised First Interstate Bancsystem Inc's forecast and 0 cut it.

Consensus EPS forecast First Interstate Bancsystem Inc, last 90 days
$2.60 $2.70 $2.80 $2.90 $3.00 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $2.71 Current fiscal year, 60 days ago: $2.71 Current fiscal year, 30 days ago: $2.70 Current fiscal year, 7 days ago: $2.69 Current fiscal year, Now: $2.68 $2.68 Next fiscal year, 90 days ago: $2.85 Next fiscal year, 60 days ago: $2.85 Next fiscal year, 30 days ago: $2.85 Next fiscal year, 7 days ago: $2.84 Next fiscal year, Now: $2.94 $2.94

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $2.71$2.85
60 days ago $2.71$2.85
30 days ago $2.70$2.85
7 days ago $2.69$2.84
Now $2.68$2.94

Earnings against estimates

Quarter toEstimateActualSurprise
Sept 2026 $0.69 $0.65 −5.2%
Jun 2026 $0.64 $0.87 +35.6%
Mar 2026 $0.59 $0.61 +3.1%
Dec 2025 $0.63 $1.08 +71.3%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, October 22, 2026

No numeric guidance in First Interstate Bancsystem Inc's latest earnings release (filed October 22, 2026). Some companies give their outlook only on the earnings call.

Analyst recommendations

9 analysts, Nov 2026
Buy111%
Hold556%
Sell333%

Monthly trend

  1. Nov 202615219
  2. Oct 202615219
  3. Sep 202614218

Counts of recommendations published by analysts covering First Interstate Bancsystem Inc, by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
14.6%
of tradable shares
Days to cover
6.66
at average volume
Short interest, 1 month
−12%
to October 15, 2026
Held by institutions
99%
of shares
Held by insiders
8.6%
of shares
Employees
3,376
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +30.5%

$29.67 on October 31, 2025 to $38.73

ThenNowEffect
Revenue (last 12 months) $1.0bn $1.1bn +6.0%
Net margin 22.8% 30.3% +33.3%
P/E multiple 13.4x 12.0x −10.5%
Share count 103m 100m +3.2%

Biggest factor: net margin.

Last 3 years +84.8%

$20.96 on November 3, 2023 to $38.73

ThenNowEffect
Revenue (last 12 months) $1.1bn $1.1bn −3.5%
Net margin 26.6% 30.3% +13.9%
P/E multiple 7.4x 12.0x +60.6%
Share count 105m 100m +4.6%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
FIBK+4%−1%−15%+13%+14%+16%
Industry peers (median)+34%−4%−2%+16%+10%+24%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
FIBK58%50%42%50%50%55%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
FIBK−24%−27%−43%−21%−28%−17%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 53% from March 12, 2021 to May 12, 2023. Getting back needed a 110% gain, reached on February 6, 2026, 1001 days after the low.

Price behaviour

52-week range
$28.59 – $39.73
From 52-week high
−2.5%
vs 50-day average
+6.2%
vs 200-day average
+8.3%
Volatility (1 year)
25%
Beta vs S&P 500
0.78

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
4 up, 8 down
typical move ±2.6%
After a week
7 up, 5 down
typical move ±2.8%
After a month
6 up, 5 down
typical move ±4.3%
Results releasedNext dayS&P 500 next day5 days21 days
October 22, 2026 +3.1% −1.7% +6.4% —
July 23, 2026 −0.7% −1.1% +0.2% −1.1%
April 29, 2026 −0.5% +1.0% +2.0% +1.1%
January 28, 2026 −2.0% −0.2% +3.5% −5.0%
October 29, 2025 −2.4% −1.1% −0.2% +3.3%
July 29, 2025 −3.5% −0.4% +0.2% +10.4%
April 29, 2025 −6.7% +0.7% −5.4% −1.4%
January 29, 2025 +0.8% +0.1% −0.6% −6.3%
January 10, 2025 −4.9% −1.4% +2.2% +4.8%
October 24, 2024 −3.2% +0.2% −3.6% +9.3%
July 25, 2024 +2.4% +0.6% −6.0% −1.1%
April 24, 2024 +1.6% −0.4% +3.5% +4.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Options strategies

All options ideas

How First Interstate Bancsystem Inc’s listed options are priced, and three ways to use them that follow from our valuation. Quotes are delayed, read November 2, 2026. Check the live chain at your broker before trading.

Cash-secured put

Not offered: rated Sell.

We suggest selling a put only on well-rated companies, at a strike where the price you would pay if assigned (strike less premium) is at or below our fair value.

Covered call

Not offered: no liquid call at or above our price target — the model says the upside is worth more than any listed strike.

For holders: sell a call at a strike at or above our fair value, so the shares are only sold at a price the model calls full value.

Collar

Not offered: no liquid put and call pair for the same expiry.

For holders of a stock trading at or above our fair value: buy a put for a floor and sell a call to pay for it.

General research, not personal advice. Options can lose you more than you expect and are not suitable for everyone: put sellers can be made to buy shares that keep falling, call sellers give up gains above the strike, and results or news can move prices sharply. Chances shown are approximations from each option’s delta. Spreads, fees and early assignment are not modelled.

First Interstate Bancsystem Inc in five measures

Fundamentals grade B
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) First Interstate Bancsystem Inc
$980M $1B $1B $1B $1.1B $1.1B FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue (TTM), FY23 Q4: $1B Revenue (TTM), FY24 Q1: $1B Revenue (TTM), FY24 Q2: $994.5M Revenue (TTM), FY24 Q3: $990.7M Revenue (TTM), FY24 Q4: $999.7M Revenue (TTM), FY25 Q1: $1B Revenue (TTM), FY25 Q2: $1B Revenue (TTM), FY25 Q3: $1B Revenue (TTM), FY25 Q4: $1.1B Revenue (TTM), FY26 Q1: $1.1B Revenue (TTM), FY26 Q2: $1.1B Revenue (TTM), FY26 Q3: $1.1B $1.1B

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue (TTM)
FY23 Q4 $1B
FY24 Q1 $1B
FY24 Q2 $994.5M
FY24 Q3 $990.7M
FY24 Q4 $999.7M
FY25 Q1 $1B
FY25 Q2 $1B
FY25 Q3 $1B
FY25 Q4 $1.1B
FY26 Q1 $1.1B
FY26 Q2 $1.1B
FY26 Q3 $1.1B
Revenue growth, TTM YoY First Interstate Bancsystem Inc
-15% -10% -5% 0% 5% 10% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 Revenue growth, TTM YoY, FY23 Q4: -7.2% Revenue growth, TTM YoY, FY24 Q1: -10.7% Revenue growth, TTM YoY, FY24 Q2: -10.2% Revenue growth, TTM YoY, FY24 Q3: -7.7% Revenue growth, TTM YoY, FY24 Q4: -2.5% Revenue growth, TTM YoY, FY25 Q1: -0.8% Revenue growth, TTM YoY, FY25 Q2: 1.4% Revenue growth, TTM YoY, FY25 Q3: 1.7% Revenue growth, TTM YoY, FY25 Q4: 5.9% Revenue growth, TTM YoY, FY26 Q1: 4.9% Revenue growth, TTM YoY, FY26 Q2: 6.0% Revenue growth, TTM YoY, FY26 Q3: 6.1% 6.1%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q4 -7.2%
FY24 Q1 -10.7%
FY24 Q2 -10.2%
FY24 Q3 -7.7%
FY24 Q4 -2.5%
FY25 Q1 -0.8%
FY25 Q2 1.4%
FY25 Q3 1.7%
FY25 Q4 5.9%
FY26 Q1 4.9%
FY26 Q2 6.0%
FY26 Q3 6.1%
FCF margin (TTM) First Interstate Bancsystem Inc
20% 25% 30% 35% 40% FY23 Q4 FY24 Q3 FY25 Q2 FY26 Q3 FCF margin (TTM), FY23 Q4: 36.5% FCF margin (TTM), FY24 Q1: 39.7% FCF margin (TTM), FY24 Q2: 31.7% FCF margin (TTM), FY24 Q3: 27.7% FCF margin (TTM), FY24 Q4: 29.8% FCF margin (TTM), FY25 Q1: 29.3% FCF margin (TTM), FY25 Q2: 27.8% FCF margin (TTM), FY25 Q3: 28.0% FCF margin (TTM), FY25 Q4: 24.1% FCF margin (TTM), FY26 Q1: 21.8% FCF margin (TTM), FY26 Q2: 20.2% FCF margin (TTM), FY26 Q3: 21.9% 21.9%

Source: SEC EDGAR filings. Retrieved November 2, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q4 36.5%
FY24 Q1 39.7%
FY24 Q2 31.7%
FY24 Q3 27.7%
FY24 Q4 29.8%
FY25 Q1 29.3%
FY25 Q2 27.8%
FY25 Q3 28.0%
FY25 Q4 24.1%
FY26 Q1 21.8%
FY26 Q2 20.2%
FY26 Q3 21.9%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

What First Interstate Bancsystem earned on its loans and securities in FY2025, what it paid depositors and lenders, and how its revenue split between running costs, credit losses, tax and profit.

  1. Interest income $1.2B
  2. Fee and other income $233M · 22.0%
  3. Interest paid $353M
  4. Net interest income $825M · 78.0%
  5. Revenue $1.1B
  6. Non-interest expense $640M · 60.5%
  7. Credit-loss provisions $26.8M · 2.5%
  8. Pre-tax profit $392M · 37.0%
  9. Income tax $89.6M · 8.5%
  10. Net income $302M · 28.5%

Shares of revenue. Source: First Interstate Bancsystem's 10-K for FY2025, as filed with the SEC.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2009 Dec 2009 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Sept 2026
Income
Revenue 344 342 343 359 349 360 386 416 492 571 638 654 639 1,106 1,026 1,000 1,059 1,068
Net income 54 37 45 58 86 84 87 96 107 160 181 161 192 202 258 226 302 315
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 $3.11 $1.96 $2.48 $2.19 $2.94 $3.21
Growth (year on year)
Revenue — −0.4% +0.1% +4.6% −2.8% +3.3% +7.1% +7.9% +18.1% +16.2% +11.6% +2.5% −2.3% +73.1% −7.2% −2.5% +5.9% +6.1%
Net income — −30.6% +19.2% +30.7% +47.9% −2.0% +2.8% +10.3% +11.3% +50.4% +13.0% −10.9% +19.2% +5.3% +27.3% −12.2% +33.7% +28.4%
Diluted EPS — −46.5% +12.9% +32.3% +54.3% −4.6% +1.6% +12.1% −3.8% +34.1% +2.9% −10.6% +22.9% −37.0% +26.5% −11.7% +34.2% +35.4%
Margins
Net margin 15.7% 10.9% 13.0% 16.2% 24.7% 23.4% 22.5% 23.0% 21.7% 28.0% 28.4% 24.7% 30.1% 18.3% 25.1% 22.6% 28.5% 29.5%
Cash flow
Cash from operations 82 109 143 136 150 122 115 118 155 219 127 268 282 534 428 355 306 286
Stock-based pay 1 2 2 2 3 4 4 4 4 6 8 8 9 10 5 12 13 12
Balance sheet
Cash 623 686 472 801 535 799 781 782 759 822 1,077 2,277 2,345 871 578 897 1,310 1,253
Total debt 0 5 37 37 37 38 28 28 33 16 14 112 112 2,448 2,724 1,700 146 —
Net debt (negative = net cash) −623 −681 −435 −764 −498 −761 −753 −754 −726 −806 −1,063 −2,164 −2,232 1,577 2,146 803 −1,163 −1,253
Diluted shares — 40m 43m 43m 44m 45m 46m 45m 52m 58m 64m 64m 62m 103m 104m 103m 103m 98m
Returned to shareholders
Dividends 16 18 19 26 18 29 36 39 49 64 79 129 102 182 195 196 194 185
Buybacks 11 4 0 0 0 10 21 27 1 1 3 117 5 199 34 1 122 326
Total returned 27 22 19 26 18 38 57 66 50 65 82 245 107 381 229 197 316 511

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Dividends, buybacks and capital spending

FY2026 Q3 TTM
Buybacks (TTM)
$326M
Dividends (TTM)
$185M
Returned to shareholders
218%
of free cash flow
Buybacks, last 3 fiscal years
$157M
Diluted share count
−5.1%
year over year
Total shareholder yield
14.1%
dividends 5.1% + buybacks 9.0% of market value
Dividend payout ratio
59%
of net income paid out

Competitors: side by side with peers

Closest by revenue in regional banks
Last 12 months unless stated FIBK WSBC RNST WSFS UCB HOMB Median
Revenue, last 12 months $1.1bn $1.1bn $1.1bn $1.1bn $1.1bn $1.1bn $255m
Revenue growth, last 12 months 6.1% 22.0% 32.8% 4.5% 13.8% 7.1% 12.5%
Revenue growth, 3-year average −0.2% 20.5% 18.2% −1.9% 8.3% 2.7% 6.0%
Revenue growth, latest quarter −0.4% 4.3% 2.5% 5.6% 7.3% 8.9% 10.7%
Net margin 29.5% 33.8% 28.7% 29.1% 34.0% 42.7% 28.7%
Cash from operations / revenue 26.8% 36.6% 39.6% 22.5% 35.0% 40.3% 34.3%
Free-cash-flow margin 21.9% 28.5% 36.8% 22.1% 32.5% 38.3% 31.4%
Free-cash-flow margin, 3-year average 25.8% 28.7% 25.2% 18.8% 30.3% 39.2% 29.9%
Stock pay / revenue 1.1% 1.2% 1.8% 1.2% 1.2% 1.2% 1.2%
Change in share count −5.1% 14.6% 32.4% −8.0% 0.7% −0.4% 0.4%

Median of all 245 companies we cover in regional banks. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

245 regional banks companies
Measure Company Peer median Rank
Revenue growth Growth 6.1% 12.5% 193 of 245
Change in growth rate Growth +0.0pp +0.0pp 122 of 244
Net margin Profitability 29.5% 28.7% 108 of 245
Stock pay as % of revenue Cash generation 1.1% 1.3% 82 of 206
Change in share count Balance sheet -5.1% 0.4% 15 of 230

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Who owns it

Funds buying and selling
Reported value
$3.5B
Institutions reporting
297
Shares held vs prior quarter
▼ 1.0%
Positions opened / closed
33 / 24

Top buyers and sellers, Q2 2026: 140 institutions bought and 126 sold ; the biggest buyer was D. E. Shaw & Co., Inc (+463K shares) and the biggest seller FMR LLC (−1.4M). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $530M 13.7M 15.0% ▲ 1.9%
State Street Corp $241M 6.3M 6.8% ▲ 6.1%
Dimensional Fund Advisors LP $223M 5.8M 6.3% ▲ 2.7%
Vanguard Portfolio Management LLC $212M 5.5M 6.0% ▲ 0.3%
First Interstate Bank $178M 4.6M 5.1% ▼ 0.8%
Holdco Asset Management, LP $152M 4.0M 4.3% 0.0%
Wellington Management Group LLP $145M 3.8M 4.1% ▼ 2.9%
Vanguard Capital Management LLC $144M 3.7M 4.1% ▼ 3.0%
FMR LLC $95M 2.5M 2.7% ▼ 36.4%
Geode Capital Management, LLC $92.1M 2.4M 2.6% ▲ 7.6%
Capital International Investors $90.3M 2.3M 2.6% ▲ 2.2%
Victory Capital Management Inc $82.9M 2.1M 2.4% ▲ 3.0%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not First Interstate Bancsystem Inc's complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $0 0 trades by 0 insiders, last 12 months Insider sales History → $8.3M 23 trades by 8 insiders · 0% under pre-set plans
Net ▼ $8.3M net selling
Insider Date Trade Shares Price Value
Scott Jonathan R 10% owner October 26, 2026 Sell 4,175 $37.31 $155,769
Scott Jonathan R 10% owner October 23, 2026 Sell 825 $37.00 $30,525
Scott Jonathan R 10% owner October 22, 2026 Sell 5,000 $36.90 $184,500
Ixl Ltd Liability Co 10% owner September 16, 2026 Sell 2,700 $37.64 $101,628
Jonathan Scott As Trustee Of The Jonathan R Scott Trust Dated As Of 4/21/04 10% owner September 14, 2026 Sell 8,071 $37.29 $300,968
Ixl Ltd Liability Co 10% owner September 11, 2026 Sell 16,929 $37.03 $626,881
Jonathan Scott As Trustee Of The Jonathan R Scott Trust Dated As Of 4/21/04 10% owner July 16, 2026 Sell 10,000 $40.30 $403,000
Jonathan Scott As Trustee Of The Jonathan R Scott Trust Dated As Of 4/21/04 10% owner June 18, 2026 Sell 9,390 $36.11 $339,073
Elizabeth Lauren Scott Rose Trust 10% owner June 18, 2026 Sell 5,000 $35.98 $179,900
Elizabeth Lauren Scott Rose Trust 10% owner June 18, 2026 Sell 5,000 $35.97 $179,850
Elizabeth Lauren Scott Rose Trust 10% owner June 18, 2026 Sell 5,000 $35.95 $179,750
Jonathan Scott As Trustee Of The Jonathan R Scott Trust Dated As Of 4/21/04 10% owner June 17, 2026 Sell 4,500 $36.29 $163,305

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Trades by members of Congress

All 1 trade and filings

No trades in First Interstate Bancsystem Inc disclosed in the last 12 months; 1 earlier trade on record.

  • Donna Shalala(FL):Sale (full), $1,001 - $15,000, traded June 24, 2019, filed April 27, 2020

Value ranges as filed; reports can arrive up to 45 days after a trade.

Earnings dates and SEC filings

Results announcements

Next expected around January 27, 2027 estimated from the company's past filing pattern, not announced

  • October 22, 2026
  • July 23, 2026
  • April 29, 2026
  • January 28, 2026
  • October 29, 2025
  • July 29, 2025

Recent SEC filings

Data status

When each part of this page on First Interstate Bancsystem Inc was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

First Interstate Bancsystem Inc in brief

What does First Interstate Bancsystem Inc do?
First Interstate Bancsystem Inc is a US-listed company in the regional banks industry. Its financial year ends in December.
What is First Interstate Bancsystem Inc's stock ticker?
First Interstate Bancsystem Inc trades under the ticker FIBK on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is First Interstate Bancsystem Inc's revenue, and how fast is it growing?
Over its most recent trailing twelve months, First Interstate Bancsystem Inc reported revenue of $1.1B, 6.1% higher than a year earlier, according to its SEC filings.
What is First Interstate Bancsystem Inc's free cash flow?
First Interstate Bancsystem Inc's free-cash-flow margin is 21.9% of revenue over the trailing twelve months.
Who are First Interstate Bancsystem Inc's largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., State Street Corp and Dimensional Fund Advisors LP. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
Is First Interstate Bancsystem Inc buying back stock, and does it pay a dividend?
First Interstate Bancsystem Inc spent $326M on share repurchases over the trailing twelve months, and its diluted share count fell 5.1% over the year.
What is First Interstate Bancsystem Inc's market cap?
On November 2, 2026, First Interstate Bancsystem Inc's market capitalisation was about $3.8B, with a price-to-earnings ratio of 12.1 and net debt of -$1.3B. Market figures come from third-party market data and may be delayed.
Does First Interstate Bancsystem Inc pay a dividend?
Yes: First Interstate Bancsystem Inc paid $185M in dividends over the trailing twelve months, a dividend yield of 5.11% and a payout ratio of 58.7%.
Who are First Interstate Bancsystem Inc's competitors?
In our Regional Banks peer group, the companies closest to First Interstate Bancsystem Inc are Wesbanco Inc, Renasant Corp, Wsfs Financial Corp, United Community Banks Inc and Home Bancshares Inc. The side-by-side comparison below sets their revenue, margins and growth against First Interstate Bancsystem Inc's.
Are insiders buying or selling First Interstate Bancsystem Inc stock?
Over the last 12 months, First Interstate Bancsystem Inc's directors and officers reported 0 open-market purchases and 23 sales on Form 4. The insider trading page charts every trade.
When is First Interstate Bancsystem Inc's next earnings date?
Around January 27, 2027, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — First Interstate Bancsystem Inc announces its own schedule.