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First Interstate BancSystem, Inc. (FIBK)

NEUTRAL
Financial ServicesBanks - RegionalUnited States

Fundamental

58

Price

$37.20

Market Cap

$3.57B

Part 1 · What the company is worth

Overview

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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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$1.07B

Trailing 12 months (through 6/30/2026)

Net Income

$324M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

-

Total Equity

$3.45B

Total Liabilities

$23.19B

Current Ratio

-

Interest Coverage

0.51

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

Growth grid

Growth — Revenue

Fair Value Estimation

BankFairly Valued

Fair Value

$40.63

Current Price

$37.20

Margin of Safety

+8.4%

Fair Value Range

$38.28 - $42.98

Estimation Methods

Analyst price target:$37.50
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$44.15
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$41.77
Dividend discount (Gordon):$38.96
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Hold (1B / 7H / 5S)
Last Earnings Surprise:+33.07%

Valuation Metrics

P/E Ratio

11.49

ROE

8.8%

P/B Ratio

1.07

P/FCF

-

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

8.7%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (12)

  • EPS shows upward trend
  • P/B Ratio 1.07
  • Operating Margin 39.0%
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE 9.6%
  • Revenue Growth 5Y 22.0%
  • Earnings Surprise avg 26.9%
  • Earnings Quality (OCF/NI) 0.84
  • Share Dilution -0.4%
  • Net Margin Trend 30.3% vs 22.8%
  • Piotroski F-Score 7/9

Failed (8)

  • EPS CAGR 3.92%
  • Price CAGR -1.26%
  • Debt/Equity ratio
  • Interest Coverage
  • Return on Tangible Assets
  • DCF valuation (Unknown)
  • Analyst Consensus 8% Buy
  • PEG Ratio 3.77

Unavailable (8)

  • ROIC NaN%
  • Gross Margin NaN%
  • P/FCF NaN
  • Dividend Payout NaN%
  • Positive Free Cash Flow
  • CapEx intensity
  • Current Ratio
  • Debt/EBITDA

Piotroski F-Score

7/9

Strong financial health

score
criteria

Earnings Quality

0.84

Moderate: some gap between profits and cash

Share Dilution

-0.4%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. James A. ReuterPresident, CEO & Director60
Mr. David P. Della Camera C.F.A.Executive VP & CFO31
Ms. Lori A. MeyerExecutive VP & Chief Information Officer47
Sara BeckerDirector of Marketing and Communications-
Ms. Rachel B. TurittoExecutive VP & Chief Human Resources Officer-
Ms. Tawnya SchoolitzInterim Chief Risk Officer-
Mr. Dale DaughertyChief Information Security Officer-
Mr. Christopher L. SheplerExecutive VP & Chief Banking Officer49
Ms. Leslie A. ScharfeChief of Staff-
Mr. Ryan J. BoscheeExecutive VP & Chief Credit Officer-

Audit Risk

4

Board Risk

3

Compensation Risk

1

Shareholder Rights Risk

1

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for FIBK, sourced from Markets Gazette.

No recent news for FIBK.