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First Interstate BancSystem, Inc.

FIBK Financial Banks Regional

First Interstate BancSystem, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 4.67% from fiscal 2024.

Revenue
−5.93%
EPS
−4.35%
Free cash flow
+22.3%
Total debt
−4.07%

Quarter to September 2026, against a year earlier

38.08 1.02 −2.61%
Market cap
$3.5B
P/E
11.8×
Fwd P/E
13.4×
Dividend yield
6.17%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 5.60
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell — 1 — 1 1 — 4 1 — 3 3 —
Insider Ownership 17.05%

Capital & Financial Ratios $m

Size
Market Cap 3,520.00
Revenue ttm 1,352.30
Net income ttm 315.10
Free cash flow ttm 265.00
Net debt Q (955.90)
Valuation
P/E 11.83
Forward P/E 13.40
Price / sales 2.67
Forward P/S Powerpack
Price / FCF 15.23
Price / book 1.14
Financial health
Current ratio Q 0.68
Debt / equity Q 0.09
Interest coverage Q —
Growth
Revenue growth Q −5.93% (below 0%: shrinking)
Operating income growth Q −11.56% (below 0%: shrinking)
EPS, this year −3.40% (below 0%: weak)
EPS, next year A +3.74%
Revenue, next year A −29.59% (below 0%: weak)
EPS, past 5 yrs +3.05%
EPS, next 5 yrs A +3.91%

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

P/E against its own 10 years 19.99%
10-year low 10-year high
P/S against its own 10 years 32.38%
10-year low 10-year high
P/B against its own 10 years 41.84%
10-year low 10-year high

Dividends

Yield
6.17%
Annual rate
2.35
Payout ratio
73.2%
Growth, 2018–26
+6.69%/yr
  1. 1.12 ’18
  2. 1.24 ’19 +11
  3. 1.40 ’20 +13
  4. 1.64 ’21 +17
  5. 1.70 ’22 +4
  6. 1.88 ’23 +11
  7. 1.88 ’24 +0
  8. 1.88 ’25 +0
  9. 1.88 ’26 +0
paid change on the year, % Powerpack

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 578 897 1,310 1,253
Receivables — — — —
Inventory — — — —
Other — — — —
18,806 18,655 16,496 15,163
2023 2024 2025 Q'26
Payables 23,704 23,395 22,375 21,795
ST’ Debt — — — —
Other — — — —
24,538 23,965 22,892 22,310

Compound Annual Growth %

10y 5y 3y
Sales 13.33% 15.72% 6.01%
Cash Flow 10.23% 2.64% (17.00%)
Earnings 13.28% 13.39% 14.32%
Book Value 13.75% 11.96% 3.89%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.70 Actual 0.65

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.64 1.08 Beat by 0.44
Q1 FY26 0.60 0.61 Beat by 0.01
Q2 FY26 0.64 0.87 Beat by 0.23
Q3 FY26 0.70 0.65 Miss by 0.05
Q4 FY26 0.70 — Reports 27 January 2027

EPS $

Mar Jun Sep Dec Year
’26 0.61 0.87 0.65 — —
’25 0.49 0.69 0.69 1.08 2.94
’24 0.57 0.58 0.54 0.50 2.19
’23 0.54 0.65 0.70 0.59 2.48
’22 (0.36) 0.59 0.80 0.82 1.96
’21 0.83 0.69 0.76 0.83 3.11
’20 0.45 0.58 0.76 0.76 2.53
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 312 332 316 — —
’25 345 339 336 392 1,411
’24 367 367 374 373 1,481
’23 332 361 365 369 1,427
’22 233 296 310 346 1,185
’21 163 159 171 163 656
’20 171 169 174 168 680
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 55 58 106 — —
’25 79 68 92 67 306
’24 88 82 90 95 355
’23 58 172 129 69 428
’22 65 204 169 96 534
’21 71 36 99 77 282
’20 41 (32) 154 106 268
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 50 53 103 — —
’25 75 60 84 59 279
’24 81 90 86 89 345
’23 51 166 126 61 403
’22 56 199 159 114 527
’21 71 36 94 73 274
’20 38 (38) 151 97 248
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

3.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 434 520 612 697 680 656 1,185 1,427 1,481 1,411 1,352 +14.0% 994 1,019 1,062 (9.0%)
Gross margin, % 95.94 94.61 93.32 91.53 96.09 97.36 93.34 71.88 67.52 75.02 78.99 (20.9) pt
EBT 145 157 206 235 209 248 257 337 295 392 407 +11.6%
EBT margin, % 33.49 30.16 33.70 33.75 30.77 37.77 21.70 23.60 19.89 27.75 30.08 (5.7) pt
Net income 96 107 160 181 161 192 202 258 226 302 315 +13.6%
Per share, $
Per share, $ Revenue 9.75 10.10 10.60 10.95 10.69 10.64 11.47 13.75 14.38 13.76 14.26 +3.9%
Earnings 2.15 2.07 2.77 2.84 2.53 3.12 1.96 2.48 2.19 2.95 3.22 +3.6%
Cash flow 2.65 3.01 3.79 2.00 4.22 4.58 5.17 4.13 3.45 2.98 3.02 +1.3%
Capex (0.15) (0.64) 0.07 0.14 (0.32) (0.14) (0.07) (0.24) (0.10) (0.26) (0.22) +6.5%
Free cash flow 2.50 2.36 3.86 2.14 3.90 4.44 5.11 3.89 3.35 2.72 2.80 +0.9%
Book value 22.07 27.76 29.32 31.64 30.81 32.22 29.76 31.11 32.08 33.61 33.28 +4.8%
Shares, m 45 51 58 64 64 62 103 104 103 103 98 +9.7%
Valuation, ×
Valuation, × P/E 19.79 19.33 13.20 14.71 15.99 13.08 21.03 12.60 14.76 11.73 11.83 15.6
P/S 4.39 3.98 3.45 3.83 3.81 3.82 3.39 2.27 2.26 2.51 2.67 3.4
P/B 1.94 1.45 1.25 1.32 1.32 1.26 1.31 1.00 1.01 1.03 1.14 1.3
EV/Sales 2.84 2.74 2.28 2.43 0.76 0.55 4.86 3.89 2.91 1.80 — 2.5
EV/FCF 11.05 11.72 7.14 15.65 2.34 1.47 11.53 14.79 13.60 10.11 — 9.9
Cash, $m
Cash, $m Operating cash flow 118 155 219 127 268 282 534 428 355 306 286 +11.2%
Capex (7) (33) 4 9 (20) (9) (7) (25) (10) (27) (21) +16.9%
Free cash flow 111 122 223 136 248 274 527 403 345 279 265 +10.7%
Balance, $m
Balance, $m Working capital (1,750) (2,331) (2,197) (2,421) (3,393) (5,841) (7,639) (5,732) (5,310) (6,395) (7,147) +15.5%
Net debt (672) (643) (719) (976) (2,077) (2,145) 1,740 2,309 966 (1,014) (956) +4.7%
Shareholders’ equity 983 1,428 1,694 2,014 1,960 1,987 3,074 3,228 3,304 3,447 3,155 +15.0%
Returns, %
Returns, % ROA 1.08 1.00 1.26 1.30 1.00 1.03 0.78 0.82 0.76 1.08 1.19 0.0 pt
ROIC 29.76 14.65 14.02 15.38 0.00 0.00 4.88 3.80 4.31 10.06 11.56 (19.7) pt
ROE 9.90 8.84 10.26 9.76 8.11 9.74 7.99 8.17 6.92 8.95 9.54 (1.0) pt
People
People Employees 1,721 2,207 2,330 2,473 2,462 2,358 3,783 3,585 3,481 3,376 — +7.8%
Revenue/emp, $m 0.25 0.24 0.26 0.28 0.28 0.28 0.31 0.40 0.43 0.42 — +5.8%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

First Interstate BancSystem, Inc. vs peers in Banks Regional (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
WSBC WesBanco, Inc. $3.7B 11.0× 10.8× +0.69% (above 0%: growing) +5.95% (above 0%: growing) −14.15% (below 0%: shrinking) 69.86% 0.00% Compare
BMA Macro Bank Inc. $3.6B 12.2× 8.3× +4.42% (above 0%: growing) +17.44% (above 0%: growing) +198.80% (above 0%: growing) 77.07% 0.00% Compare
NIC Nicolet Bankshares Inc. $3.6B 18.7× 17.7× +61.55% (above 0%: growing) +8.19% (above 0%: growing) +40.19% (above 0%: growing) 75.01% 0.00% Compare
RNST Renasant Corporation $3.6B 11.0× 10.9× −0.13% (below 0%: shrinking) +37.83% (above 0%: growing) +505.64% (above 0%: growing) 68.82% 0.00% Compare
FIBK First Interstate BancSystem, Inc. $3.5B 11.8× 13.4× −5.93% (below 0%: shrinking) −4.35% (below 0%: shrinking) +22.30% (above 0%: growing) 79.01% 0.00%
FFBC First Financial Bancorp. $3.4B 11.3× 10.5× +13.34% (above 0%: growing) +2.75% (above 0%: growing) −101.00% (below 0%: shrinking) 74.64% 0.00% Compare
TOWN Towne Bank $3.4B 10.2× 8.6× +85.30% (above 0%: growing) +303.85% (above 0%: growing) +9.18% (above 0%: growing) 85.47% 0.00% Compare
CBU Community Financial System, Inc. $3.4B 14.7× 13.6× +6.18% (above 0%: growing) +11.54% (above 0%: growing) +15.96% (above 0%: growing) 83.56% 0.00% Compare
SFNC Simmons First National Corporation $3.4B 12.9× 12.8× +180.46% (above 0%: growing) n/m +89.30% (above 0%: growing) 70.51% 0.00% Compare
Median of peers $3.5B 11.7× 10.9× +9.76% +11.54% +28.08% 74.83% 0.00%

All 327 Banks Regional stocks →

Pay and ownership Proxy statement filed 16 April 2026

Ownership

Directors and executive officers, together 8.00%
BlackRock, Inc. 13.60%
Scott Family FIBK Shareholder Group 13.30%
Wellington Management Group LLP 6.10%
State Street Corporation 5.60%
Dimensional Fund Advisors LP 5.60%
FMR LLC 5.30%
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

First Interstate BancSystem, Inc. (FIBK) Latest News

26 Oct

Impact 3 · · StockStory
Impact 3 · · StockStory

24 Oct

Impact 4 · · The Motley Fool
Impact 3 · · Simply Wall St. earnings

23 Oct

Impact 4 · · Moby transcript
Impact 3 · · The Motley Fool transcript
Impact 3 · · MarketBeat transcript

22 Oct

Impact 3 · · Zacks
Impact 3 · · Zacks
Impact 3 · · StockStory

21 Oct

Impact 3 · · Zacks

20 Oct

Impact 3 · · StockStory

9 Oct

Impact 3 · · Simply Wall St.
Impact 3 · · Simply Wall St.

4 Aug

Impact 3 ·

1 Aug

Impact 3 ·

24 Jul

Impact 3 · transcript
Impact 3 · · MarketBeat transcript
Impact 3 · · Moby transcript

23 Jul

Impact 4 ·
Impact 3 ·
Impact 3 ·

21 Jul

Impact 3 ·

2 May

Impact 4 · · Simply Wall St.

30 Apr

Impact 4 · · MarketBeat

29 Apr

Impact 4 · · Zacks
Impact 4 · · Business Wire
Impact 3 · · Zacks
Impact 3 · · StockStory

28 Apr

Impact 3 · · StockStory

FIBK metrics, ten years each

stockrow.com/FIBK · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com