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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. In the quarter to June 2026, revenue fell 1.86%, EPS grew 26.1%, free cash flow fell 12.4% and total debt fell 55.4%, each against the same quarter a year earlier. Dividend growth for five consecutive years.

34.82 0.01 +0.03%
Market cap
$3.3B
P/E
10.7×
Fwd P/E
13.4×
Dividend yield
5.40%
F-score
8/9
Altman Z
n/a
Beneish M
n/a
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 7.97
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 4 1 1 — 1 1 — 4 1 — 3 —
Insider Ownership 16.19%

Capital & Financial Ratios $m

Market Cap 3,320.00
Revenue 1,372.20
Net Income 324.30
Free Cash Flow 246.20
Net Debt (870.40)
Current Ratio 0.69
Debt/Equity 0.09
P/E ratio 10.71
Fwd P/E 13.40
P/S ratio 2.45
P/B ratio 1.01
Past 5Y EPS Growth 3.05%
This Y EPS Growth 28.26% (at or above 15%: strong)
Next Y EPS Growth 2.18%
Next Y revenue growth (29.81%) (below 0%: weak)
Next 5Y EPS Growth 19.71% (at or above 15%: strong)

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 9.84%
10-year low 10-year high
P/S against its own 10 years 25.95%
10-year low 10-year high
P/B against its own 10 years 29.08%
10-year low 10-year high

Dividends

Payout Ratio 0.58
Annual Dividend Rate 1.88
Annual Dividend Yield 5.40%
total individual payouts
2028 Powerpack
2027 Powerpack
2026 1.88
0.47
0.47
0.47
2025 1.88
0.47
0.47
0.47
0.47
2024 1.88
0.47
0.47
0.47
0.47
2023 1.88
0.47
0.47
0.47
0.47
2022 1.70
0.41
0.41
0.41
0.47
2021 1.64
0.41
0.41
0.41
0.41
2020 1.40
0.34
0.60
0.34
0.34
0.38
2019 1.24
0.31
0.31
0.31
0.31
2018 1.12
0.28
0.28
0.28
0.28
2017 0.96
0.24
0.24
0.24
0.24
2016 0.88
0.22
0.22
0.22
0.22
predictions special payouts not included in total or ratios

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 578 897 1,310 1,167
Receivables — — — —
Inventory — — — —
Other — — — —
18,806 18,655 16,496 15,366
2023 2024 2025 Q'26
Payables 23,704 23,395 22,375 21,776
ST’ Debt — — — —
Other — — — —
24,538 23,965 22,892 22,259

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%

Revenue $m

Mar Jun Sep Dec Year
’26 312 332 — — —
’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 — — —
’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 — — —
’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.

EPS $

Mar Jun Sep Dec Year
’26 0.61 0.87 — — —
’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.

Target Price Range

Analyst price targets

Recommendation Rating

3.4
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 24.92 33.33 34.61 35.92 24.50 37.23 32.40 20.81 24.16 22.95

Analyst estimates 2026–2028

Powerpack
High 43.10 45.35 47.05 43.83 42.21 51.24 46.34 39.76 36.77 36.35
People
People Employees 1,721 2,207 2,330 2,473 2,462 2,358 3,783 3,585 3,481 3,376
Revenue/emp, $m 0.25 0.24 0.26 0.28 0.28 0.28 0.31 0.40 0.43 0.42
Income, $m
Income, $m Revenue 434 520 612 697 680 656 1,185 1,427 1,481 1,411
Gross margin, % 95.94 94.61 93.32 91.53 96.09 97.36 93.34 71.88 67.52 75.02
EBT 145 157 206 235 209 248 257 337 295 392
EBT margin, % 33.49 30.16 33.70 33.75 30.77 37.77 21.70 23.60 19.89 27.75
Net income 96 107 160 181 161 192 202 258 226 302
Depreciation 32 30 38 48 61 83 73 56 58 51
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
Earnings 2.15 2.07 2.77 2.84 2.53 3.12 1.96 2.48 2.19 2.95
Cash flow 2.65 3.01 3.79 2.00 4.22 4.58 5.17 4.13 3.45 2.98
Capex (0.15) (0.64) 0.07 0.14 (0.32) (0.14) (0.07) (0.24) (0.10) (0.26)
Free cash flow 2.50 2.36 3.86 2.14 3.90 4.44 5.11 3.89 3.35 2.72
Book value 22.07 27.76 29.32 31.64 30.81 32.22 29.76 31.11 32.08 33.61
Shares, m 45 51 58 64 64 62 103 104 103 103
Valuation, ×
Valuation, × P/E 19.79 19.33 13.20 14.71 15.99 13.08 21.03 12.60 14.76 11.73
P/S 4.39 3.98 3.45 3.83 3.81 3.82 3.39 2.27 2.26 2.51
P/B 1.94 1.45 1.25 1.32 1.32 1.26 1.31 1.00 1.01 1.03
EV/Sales 2.84 2.74 2.28 2.43 0.76 0.55 4.86 3.89 2.91 1.80
EV/FCF 11.05 11.72 7.14 15.65 2.34 1.47 11.53 14.79 13.60 10.11
Cash, $m
Cash, $m Operating cash flow 118 155 219 127 268 282 534 428 355 306
Capex (7) (33) 4 9 (20) (9) (7) (25) (10) (27)
Free cash flow 111 122 223 136 248 274 527 403 345 279
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)
Total debt 110 116 103 101 199 199 2,611 2,887 1,863 296
Net debt (672) (643) (719) (976) (2,077) (2,145) 1,740 2,309 966 (1,014)
Shareholders’ equity 983 1,428 1,694 2,014 1,960 1,987 3,074 3,228 3,304 3,447
Returns, %
Returns, % ROA 1.08 1.00 1.26 1.30 1.00 1.03 0.78 0.82 0.76 1.08
ROIC 29.76 14.65 14.02 15.38 0.00 0.00 4.88 3.80 4.31 10.06
ROE 9.90 8.84 10.26 9.76 8.11 9.74 7.99 8.17 6.92 8.95
Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

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
NIC Nicolet Bankshares Inc. $3.5B 18.2× 14.1× +71.53% (above 0%: growing) +11.67% (above 0%: growing) +139.43% (above 0%: growing) 74.94% 0.00% Compare
FIBK First Interstate BancSystem, Inc. $3.3B 10.7× 13.4× −1.86% (below 0%: shrinking) +26.09% (above 0%: growing) −12.42% (below 0%: shrinking) 79.42% 0.00%
MCHB Mechanics Bancorp $3.3B 11.6× 14.9× +32.34% (above 0%: growing) +18.88% (above 0%: growing) −31.39% (below 0%: shrinking) 76.78% 0.00% Compare
FFBC First Financial Bancorp. $3.3B 11.0× 9.7× +12.98% (above 0%: growing) 0.00% −101.00% (below 0%: shrinking) 74.47% 0.00% Compare
TOWN Towne Bank $3.3B 9.9× 8.3× +85.30% (above 0%: growing) +303.85% (above 0%: growing) +9.18% (above 0%: growing) 85.47% 0.00% Compare
PRK Park National Corporation $3.2B 15.9× 14.7× +25.60% (above 0%: growing) +9.06% (above 0%: growing) +4.77% (above 0%: growing) 84.20% 0.00% Compare
SFNC Simmons First National Corporation $3.2B — (loss-making) 10.5× −0.49% (below 0%: shrinking) +6.98% (above 0%: growing) +89.30% (above 0%: growing) 69.90% 0.00% Compare
CBU Community Financial System, Inc. $3.1B 14.0× 13.3× +8.48% (above 0%: growing) +19.59% (above 0%: growing) +15.96% (above 0%: growing) 83.15% 0.00% Compare
SBCF Seacoast Banking Corporation of Florida $3.1B 20.5× 14.1× +30.05% (above 0%: growing) +10.00% (above 0%: growing) −19.23% (below 0%: shrinking) 73.47% 0.00% Compare
Median of peers $3.2B 14.0× 13.7× +27.83% +10.84% +6.98% 75.86% 0.00%

All 323 Banks Regional stocks →

First Interstate BancSystem, Inc. (FIBK) key facts

  • Concern: First Interstate BancSystem, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.4 billion, down 4.67% from fiscal 2024.
  • Strength: Net income was $302.1 million, or $2.95 per share (basic), a net margin of 21.4%.
  • First Interstate BancSystem, Inc. (FIBK) is a Banks Regional company in the Financial sector, listed on Nasdaq.
  • As of October 16, 2026, FIBK traded at $34.82, a market capitalization of $3.3 billion.
  • At that price the stock trades at 10.7× trailing-twelve-month earnings and 2.5× sales; its P/E is higher than 10% of its own readings over the past ten years.
  • First Interstate BancSystem, Inc. pays an annual dividend of $1.88 per share, a yield of 5.40%, with a payout ratio of 57.9%.
  • Return on equity was 8.95% and debt-to-equity 0.09.
  • Its Piotroski F-score is 8 out of 9 for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

First Interstate BancSystem, Inc. (FIBK) Latest News

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stockrow.com/FIBK · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com