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First Interstate BancSystem (FIBK) Financials

First Interstate BancSystem logo
$31.02 +0.66 (+2.16%)
As of 01:05 PM Eastern
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Annual Income Statements for First Interstate BancSystem

Annual Income Statements for First Interstate BancSystem

This table shows First Interstate BancSystem's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Income / (Loss) Attributable to Common Shareholders		 87 96 107 160 181 161 192 202 258 226
Consolidated Net Income / (Loss)		 87 96 107 160 181 161 192 202 258 226
Net Income / (Loss) Continuing Operations		 87 96 107 160 181 161 192 202 258 226
Total Pre-Tax Income 		130 145 157 206 235 209 248 257 337 295
Total Revenue		 386 416 492 571 638 654 639 1,106 1,026 1,000
Net Interest Income / (Expense)		 264 280 350 433 495 498 489 943 879 822
Total Interest Income		 282 297 378 473 554 524 507 1,022 1,280 1,303
Loans and Leases Interest Income		 246 259 325 404 471 453 430 790 980 1,022
Investment Securities Interest Income		 35 36 46 58 64 66 73 218 272 246
Deposits and Money Market Investments Interest Income		 1.54 2.60 7.10 11 19 4.10 2.60 8.70 16 22
Other Interest Income		 - - - - - 0.80 1.00 4.80 12 12
Total Interest Expense		 18 18 28 41 59 27 17 79 401 481
Deposits Interest Expense		 13 13 21 33 49 18 8.10 48 243 326
Short-Term Borrowings Interest Expense		 - - - 0.20 - 0.00 0.00 15 134 123
Long-Term Debt Interest Expense		 4.72 4.50 5.30 5.40 5.80 7.60 8.80 13 19 25
Federal Funds Purchased and Securities Sold Interest Expense		 0.23 0.40 1.30 2.70 3.90 0.90 0.40 2.50 6.40 6.70
Total Non-Interest Income		 122 137 142 139 143 156 150 163 147 178
Service Charges on Deposit Accounts		 - - - - - 18 17 25 23 26
Other Service Charges		 101 47 43 45 49 61 98 39 26 31
Net Realized & Unrealized Capital Gains on Investments		 0.14 0.30 -0.40 -0.10 0.10 0.30 1.10 -24 -24 0.00
Investment Banking Income		 20 21 21 23 24 24 26 34 35 39
Other Non-Interest Income		 0.00 69 78 71 70 53 7.90 90 86 83
Provision for Credit Losses		 6.82 10 11 8.60 14 57 -15 83 32 68
Total Non-Interest Expense		 249 261 324 356 389 388 406 766 657 637
Salaries and Employee Benefits		 101 109 123 146 155 174 165 282 263 271
Net Occupancy & Equipment Expense		 33 48 59 67 74 77 79 122 129 126
Property & Liability Insurance Claims		 4.86 4.50 4.70 5.60 3.50 5.90 6.60 14 32 24
Other Operating Expenses		 102 91 102 117 125 120 133 213 217 202
Amortization Expense		 5.82 6.40 8.50 7.90 11 11 9.90 16 16 15
Restructuring Charge		 0.80 2.80 27 12 20 0.00 12 119 0.00 0.00
Income Tax Expense		 44 50 50 46 54 48 56 55 79 69
Basic Earnings per Share		 $1.92 $2.15 $2.07 $2.77 $2.84 $2.53 $3.12 $1.96 $2.48 $2.19
Weighted Average Basic Shares Outstanding		 45.18M 44.51M 51.43M 60.63M 65.28M 62.07M 62.21M 104.44M 103.94M 104.53M
Diluted Earnings per Share		 $1.90 $2.13 $2.05 $2.75 $2.83 $2.53 $3.11 $1.96 $2.48 $2.19
Weighted Average Diluted Shares Outstanding		 45.18M 44.51M 51.43M 60.63M 65.28M 62.07M 62.21M 104.44M 103.94M 104.53M
Weighted Average Basic & Diluted Shares Outstanding		 45.18M 44.51M 51.43M 60.63M 65.28M 62.07M 62.21M 104.44M 103.94M 104.53M
Cash Dividends to Common per Share		 $0.80 $0.88 $0.96 $1.12 $1.24 $2.00 $1.64 $1.70 $1.88 $1.88

Quarterly Income Statements for First Interstate BancSystem

This table shows First Interstate BancSystem's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 86 86 56 67 73 62 58 60 56 52 50
Consolidated Net Income / (Loss)		 86 86 56 67 73 62 58 60 56 52 50
Net Income / (Loss) Continuing Operations		 86 86 56 67 73 62 58 60 56 52 50
Total Pre-Tax Income 		108 110 74 87 95 81 77 78 73 67 66
Total Revenue		 290 300 255 263 256 252 242 244 252 261 247
Net Interest Income / (Expense)		 267 258 239 218 214 208 200 202 206 214 205
Total Interest Income		 287 304 316 317 323 324 325 324 328 326 303
Loans and Leases Interest Income		 218 229 236 242 250 253 252 253 259 258 242
Investment Securities Interest Income		 66 71 73 67 67 66 65 63 61 57 52
Deposits and Money Market Investments Interest Income		 1.40 2.20 4.20 5.40 3.00 3.10 4.10 4.90 4.90 8.30 6.30
Other Interest Income		 1.30 2.00 3.00 3.40 2.90 3.10 3.30 3.30 2.80 2.40 2.90
Total Interest Expense		 20 46 77 99 109 117 125 122 123 112 98
Deposits Interest Expense		 13 28 40 54 69 80 79 81 84 82 75
Short-Term Borrowings Interest Expense		 2.40 13 31 39 34 30 36 32 32 24 18
Long-Term Debt Interest Expense		 3.40 3.90 4.40 4.50 4.80 4.80 7.60 7.70 4.90 4.70 4.50
Federal Funds Purchased and Securities Sold Interest Expense		 0.80 1.10 1.10 1.50 1.70 2.10 2.30 1.90 1.40 1.10 1.20
Total Non-Interest Income		 23 42 16 44 42 45 42 43 46 47 42
Trust Fees by Commissions		 8.50 - 9.00 8.80 8.70 - 9.20 9.40 9.60 - 9.80
Service Charges on Deposit Accounts		 5.70 4.90 5.20 5.80 6.00 6.00 6.00 6.40 6.60 6.70 6.60
Other Service Charges		 28 -49 6.90 27 8.10 -16 25 8.20 28 -30 6.20
Other Non-Interest Income		 4.70 77 19 2.40 19 46 2.20 19 2.20 60 19
Provision for Credit Losses		 8.40 15 15 12 -0.10 5.40 5.30 9.00 20 34 20
Total Non-Interest Expense		 173 175 166 164 161 166 160 157 159 161 161
Salaries and Employee Benefits		 72 75 66 68 65 64 65 66 71 69 69
Net Occupancy & Equipment Expense		 33 32 33 33 32 32 31 31 32 32 33
Property & Liability Insurance Claims		 4.10 3.80 5.70 4.70 5.00 16 7.40 6.60 5.20 4.80 4.30
Other Operating Expenses		 56 56 57 55 55 50 53 49 48 52 51
Amortization Expense		 4.10 4.10 4.00 3.90 3.90 3.90 3.70 3.70 3.60 3.60 3.40
Income Tax Expense		 22 24 18 20 22 19 18 18 17 15 16
Basic Earnings per Share		 $0.80 $0.93 $0.54 $0.65 $0.70 $0.59 $0.57 $0.58 $0.54 $0.50 $0.49
Weighted Average Basic Shares Outstanding		 106.53M 104.44M 103.74M 103.82M 103.82M 103.94M 102.84M 102.94M 102.97M 104.53M 103.09M
Diluted Earnings per Share		 $0.80 $0.93 $0.54 $0.65 $0.70 $0.59 $0.57 $0.58 $0.54 $0.50 $0.49
Weighted Average Diluted Shares Outstanding		 106.59M 104.44M 103.82M 103.82M 103.83M 103.94M 103.04M 103.09M 103.23M 104.53M 103.42M
Weighted Average Basic & Diluted Shares Outstanding		 104.45M 104.44M 104.38M 105.02M 105.00M 103.94M 104.57M 104.55M 104.53M 104.53M 104.89M
Cash Dividends to Common per Share		 $0.41 - $0.47 $0.47 $0.47 - $0.47 $0.47 $0.47 - $0.47

Annual Cash Flow Statements for First Interstate BancSystem

This table details how cash moves in and out of First Interstate BancSystem's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Net Change in Cash & Equivalents		 -18 1.50 -23 6.90 -342 1,200 68 -1,474 -293 319
Net Cash From Operating Activities		 115 118 155 219 127 268 282 534 428 355
Net Cash From Continuing Operating Activities		 115 118 155 219 127 268 282 534 428 355
Net Income / (Loss) Continuing Operations		 87 96 107 160 181 161 192 202 258 226
Consolidated Net Income / (Loss)		 87 96 107 160 181 161 192 202 258 226
Provision For Loan Losses		 6.82 10 11 8.60 14 57 -15 83 32 68
Depreciation Expense		 18 20 18 28 39 45 44 56 54 57
Amortization Expense		 15 13 12 10 8.90 16 39 17 2.40 1.10
Non-Cash Adjustments to Reconcile Net Income		 1,153 1,032 851 6.10 -72 16 38 36 46 18
Changes in Operating Assets and Liabilities, net		 -1,165 -1,051 -844 6.50 -43 -27 -16 141 36 -15
Net Cash From Investing Activities		 -95 -143 -131 -181 -17 -1,870 -2,120 -949 1,253 1,759
Net Cash From Continuing Investing Activities		 -95 -143 -131 -237 -614 -1,870 -2,120 -949 1,253 1,759
Purchase of Investment Securities		 -886 -1,104 -766 -770 -1,368 -2,474 -3,498 -5,130 -349 247
Divestitures		 - - - - - 0.00 0.00 2,007 0.00 0.00
Sale and/or Maturity of Investments		 790 961 635 589 754 605 1,378 2,174 1,602 1,512
Other Investing Activities, net		 - - - - - - - - 0.00 0.00
Net Cash From Financing Activities		 -38 27 -47 25 144 2,802 1,906 -1,060 -1,974 -1,795
Net Cash From Continuing Financing Activities		 -38 27 -47 25 144 2,802 1,906 -1,060 -1,974 -1,795
Net Change in Deposits		 19 78 -110 50 276 2,554 2,053 -2,884 -1,751 -308
Issuance of Debt		 5.11 0.20 5.20 2.80 0.10 99 0.00 2,341 0.00 254
Issuance of Common Equity		 3.37 4.70 2.40 1.80 1.00 1.10 0.40 0.10 0.00 0.00
Repayment of Debt		 -17 -0.10 - -7.10 -6.10 -0.10 0.00 -164 276 -1,286
Repurchase of Common Equity		 -21 -27 -1.30 -1.00 -2.50 -117 -5.40 -199 -34 -1.20
Payment of Dividends		 -36 -39 -49 -64 -79 -129 -102 -182 -195 -196
Other Financing Activities, Net		 7.57 11 105 43 -45 394 -40 28 -270 -259
Cash Interest Paid		 19 17 28 39 55 33 19 32 364 476
Cash Income Taxes Paid		 27 54 29 25 51 54 57 58 51 34

Quarterly Cash Flow Statements for First Interstate BancSystem

This table details how cash moves in and out of First Interstate BancSystem's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Net Change in Cash & Equivalents		 -467 279 210 -400 -87 -15 57 324 -260 198 -25
Net Cash From Operating Activities		 169 96 58 172 129 69 88 82 90 95 79
Net Cash From Continuing Operating Activities		 169 96 58 172 129 69 88 82 90 95 79
Net Income / (Loss) Continuing Operations		 86 86 56 67 73 62 58 60 56 52 50
Consolidated Net Income / (Loss)		 86 86 56 67 73 62 58 60 56 52 50
Provision For Loan Losses		 8.40 15 15 12 -0.10 5.40 5.30 9.00 20 34 20
Depreciation Expense		 14 14 14 14 13 13 16 10 15 16 11
Amortization Expense		 3.20 0.30 -0.60 1.20 1.10 0.70 0.20 0.50 0.20 0.20 -0.10
Non-Cash Adjustments to Reconcile Net Income		 22 13 32 -3.50 7.30 9.80 -1.30 8.60 - 11 13
Changes in Operating Assets and Liabilities, net		 36 -32 -59 82 35 -21 9.10 -5.90 -1.00 -17 -15
Net Cash From Investing Activities		 -150 -636 868 167 295 -76 532 181 487 559 834
Net Cash From Continuing Investing Activities		 -150 -636 868 167 295 -76 532 181 487 559 834
Purchase of Investment Securities		 -595 -1,150 -81 -66 -179 -24 -125 -2.10 -84 458 -17
Sale and/or Maturity of Investments		 446 514 949 232 474 -52 656 184 571 101 851
Net Cash From Financing Activities		 -487 819 -716 -739 -511 -8.10 -563 60 -837 -456 -937
Net Cash From Continuing Financing Activities		 -487 819 -716 -739 -511 -8.10 -563 60 -837 -456 -937
Net Change in Deposits		 -979 -811 -967 -528 100 -356 -513 61 -6.60 152 -283
Issuance of Debt		 6.40 2,327 0.00 - - - 250 13 3.90 -13 0.00
Repayment of Debt		 619 -625 383 -121 -522 536 -261 88 -600 -513 -608
Repurchase of Common Equity		 -133 -0.10 -1.80 - - -32 -1.10 - -0.10 - -3.20
Payment of Dividends		 -44 -49 -48 -49 -49 -49 -49 -49 -49 -49 -48
Other Financing Activities, Net		 43 -23 -82 -41 -40 -107 12 -52 -185 -33 4.10
Cash Interest Paid		 19 - 65 79 91 128 123 105 106 142 105

Annual Balance Sheets for First Interstate BancSystem

This table presents First Interstate BancSystem's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Total Assets		 8,728 9,064 12,213 13,300 14,644 17,649 19,672 32,288 30,671 29,137
Cash and Due from Banks		 133 147 197 244 242 261 169 349 378 378
Federal Funds Sold		 0.56 0.10 562 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Interest Bearing Deposits at Other Banks		 647 635 0.10 578 835 2,015 2,176 521 200 519
Trading Account Securities		 2,058 2,124 2,693 2,711 3,153 4,134 4,851 7,026 5,889 5,058
Loans and Leases, Net of Allowance		 5,169 5,402 7,542 8,397 -73 9,663 9,209 17,879 18,052 17,641
Loans and Leases		 5,246 5,479 7,614 8,470 - 9,808 9,332 18,099 18,280 17,845
Allowance for Loan and Lease Losses		 77 76 72 73 73 144 122 220 228 204
Premises and Equipment, Net		 191 195 242 245 306 312 300 445 444 427
Goodwill		 205 213 445 547 622 622 622 1,101 1,101 1,101
Intangible Assets		 11 9.65 49 57 62 51 - 97 81 67
Other Assets		 315 338 483 521 9,498 589 2,221 4,870 4,507 3,942
Total Liabilities & Shareholders' Equity		 8,728 9,064 12,213 13,300 14,644 17,649 19,672 32,288 30,671 29,137
Total Liabilities		 7,778 8,081 10,786 11,606 12,630 15,689 17,330 29,214 27,444 25,833
Non-Interest Bearing Deposits		 1,824 1,906 2,900 3,158 3,427 4,634 5,568 7,560 6,030 5,798
Interest Bearing Deposits		 5,265 5,470 7,035 7,522 8,237 9,584 10,701 17,514 17,294 17,218
Short-Term Debt		 511 538 663 712 698 1,091 1,051 3,380 3,386 2,091
Accrued Interest Payable		 4.96 5.42 5.60 7.80 12 5.80 - 15 52 47
Other Short-Term Payables		 53 45 87 94 130 - - 446 380 379
Long-Term Debt		 110 110 96 103 101 199 - 284 284 295
Total Equity & Noncontrolling Interests		 950 983 1,428 1,694 2,014 1,960 1,042 3,074 3,228 3,304
Total Preferred & Common Equity		 950 983 1,428 1,694 2,014 1,960 1,987 3,074 3,228 3,304
Total Common Equity		 950 983 1,428 1,694 2,014 1,960 1,042 3,074 3,228 3,304
Common Stock		 312 296 687 867 1,049 941 - 2,478 2,449 2,460
Retained Earnings		 638 695 753 852 954 962 1,053 1,073 1,135 1,166
Accumulated Other Comprehensive Income / (Loss)		 0.41 -8.13 -12 -25 11 57 -11 -477 -357 -322
Other Equity Adjustments		 0.00 0.00 0.00 0.00 0.00 - - 0.00 0.00 0.00

Quarterly Balance Sheets for First Interstate BancSystem

This table presents First Interstate BancSystem's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q3 2022 Q1 2023 Q2 2023 Q3 2023 Q1 2024 Q2 2024 Q3 2024 Q1 2025
Period end date 9/30/2022 3/31/2023 6/30/2023 9/30/2023 3/31/2024 6/30/2024 9/30/2024 3/31/2025
Total Assets		 31,345 31,638 30,976 30,541 30,145 30,290 29,596 28,280
Cash and Due from Banks		 390 333 479 372 316 390 439 390
Federal Funds Sold		 0.10 0.10 0.10 2.10 0.10 0.10 0.10 0.10
Interest Bearing Deposits at Other Banks		 201 748 201 220 319 568 260 481
Trading Account Securities		 6,877 6,130 5,934 5,687 5,796 5,625 5,555 7,504
Loans and Leases, Net of Allowance		 17,391 18,020 18,039 17,987 17,975 18,002 17,802 -215
Allowance for Loan and Lease Losses		 213 226 225 227 228 233 225 215
Premises and Equipment, Net		 445 443 444 446 440 437 433 429
Goodwill		 1,100 1,101 1,101 1,101 1,101 1,101 1,101 1,101
Intangible Assets		 101 - 89 85 78 74 70 64
Other Assets		 4,839 4,770 4,689 4,642 4,120 4,092 3,936 18,311
Total Liabilities & Shareholders' Equity		 31,345 31,638 30,976 30,541 30,145 30,290 29,596 28,280
Total Liabilities		 28,339 25,267 27,855 27,455 26,935 27,064 26,230 24,919
Non-Interest Bearing Deposits		 8,163 6,861 6,518 6,403 5,900 6,174 5,919 5,590
Interest Bearing Deposits		 17,722 17,246 17,061 17,277 16,910 16,697 16,945 17,143
Short-Term Debt		 1,701 971 3,519 2,957 3,136 3,172 2,637 1,488
Accrued Interest Payable		 7.40 26 46 64 54 71 88 41
Long-Term Debt		 284 163 284 284 534 547 300 293
Other Long-Term Liabilities		 9.70 - 21 19 15 5.80 5.60 364
Redeemable Noncontrolling Interest		 - - - - - - - 0.00
Total Equity & Noncontrolling Interests		 3,006 682 3,121 3,086 3,210 3,225 3,366 3,361
Total Preferred & Common Equity		 3,006 3,160 3,121 3,086 3,210 3,225 3,366 3,361
Preferred Stock		 - - - - - - - 0.00
Total Common Equity		 3,006 682 3,121 3,086 3,210 3,225 3,366 3,361
Common Stock		 2,477 - 2,481 2,485 2,451 2,454 2,457 2,460
Retained Earnings		 1,036 1,081 1,099 1,122 1,146 1,157 1,163 1,169
Accumulated Other Comprehensive Income / (Loss)		 -508 -399 -459 -522 -387 -386 -255 -268

Annual Metrics And Ratios for First Interstate BancSystem

This table displays calculated financial ratios and metrics derived from First Interstate BancSystem's official financial filings.

Metric 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Period end date 12/31/2015 12/31/2016 12/31/2017 12/31/2018 12/31/2019 12/31/2020 12/31/2021 12/31/2022 12/31/2023 12/31/2024
Growth Metrics		 - - - - - - - - - -
Revenue Growth		 7.10% 7.88% 18.09% 16.21% 11.61% 2.53% -2.29% 73.13% -7.23% -2.54%
EBITDA Growth		 1.55% 8.34% 5.30% 30.64% 15.91% -4.39% 22.46% -0.42% 19.24% -10.28%
EBIT Growth		 0.65% 11.38% 7.85% 31.65% 13.96% -10.97% 18.39% 3.75% 31.00% -12.56%
NOPAT Growth		 2.84% 10.26% 11.29% 50.42% 12.98% -10.94% 19.17% 5.26% 27.35% -12.23%
Net Income Growth		 2.84% 10.26% 11.29% 50.42% 12.98% -10.94% 19.17% 5.26% 27.35% -12.23%
EPS Growth		 1.60% 12.11% -3.76% 34.15% 2.91% -10.60% 22.92% -36.98% 26.53% -11.69%
Operating Cash Flow Growth		 -5.42% 2.25% 31.02% 41.66% -41.87% 110.76% 5.22% 89.30% -19.91% -17.06%
Free Cash Flow Firm Growth		 168.25% -22.34% -1,329.45% 63.79% 24.78% -126.57% 117.94% -6,422.74% 103.12% 1,361.63%
Invested Capital Growth		 2.60% 3.77% 34.07% 14.77% 12.09% 15.59% 4.38% 98.57% 2.37% -17.49%
Revenue Q/Q Growth		 0.50% 2.49% 6.19% 1.91% 2.10% 3.88% -4.06% 14.59% -4.44% 0.91%
EBITDA Q/Q Growth		 -0.40% 1.63% 3.90% 3.88% 7.25% 8.99% -4.64% 12.68% -6.98% -3.40%
EBIT Q/Q Growth		 -0.02% 1.90% 8.00% 1.38% 7.65% 8.67% -7.16% 20.37% -7.95% -4.60%
NOPAT Q/Q Growth		 0.76% 1.48% 9.65% 4.03% 7.10% -3.30% 2.24% 20.72% -8.62% -3.99%
Net Income Q/Q Growth		 0.76% 1.48% 9.65% 4.03% 7.10% -3.30% 2.24% 20.72% -8.62% -3.99%
EPS Q/Q Growth		 0.53% 1.91% 3.02% 1.48% 5.20% -1.56% 2.64% 5.38% -12.06% -3.95%
Operating Cash Flow Q/Q Growth		 -9.34% -5.61% 15.68% -5.52% 22.64% 14.95% -9.20% 3.67% -5.83% 7.87%
Free Cash Flow Firm Q/Q Growth		 5.61% 38.98% 11.68% -126.22% 18.58% -151.22% 864.62% -92.70% 109.30% 455.41%
Invested Capital Q/Q Growth		 4.65% 3.88% 0.50% 4.49% 3.38% 8.45% 6.31% 35.02% 9.03% -9.72%
Profitability Metrics		 - - - - - - - - - -
EBITDA Margin		 42.41% 42.59% 37.98% 42.69% 44.34% 41.35% 51.82% 29.81% 38.31% 35.27%
EBIT Margin		 33.81% 34.90% 31.88% 36.11% 36.87% 32.02% 38.80% 23.25% 32.83% 29.46%
Profit (Net Income) Margin		 22.49% 22.99% 21.66% 28.04% 28.39% 24.66% 30.08% 18.29% 25.10% 22.61%
Tax Burden Percent		 66.53% 65.86% 67.96% 77.65% 76.99% 77.02% 77.52% 78.65% 76.45% 76.74%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 33.47% 34.14% 32.04% 22.35% 23.01% 22.98% 22.48% 21.35% 23.55% 23.26%
Return on Invested Capital (ROIC)		 5.59% 5.98% 5.58% 6.82% 6.80% 5.32% 5.78% 3.99% 3.78% 3.59%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.59% 5.98% 5.58% 6.82% 6.80% 5.32% 5.78% 3.99% 3.78% 3.59%
Return on Net Nonoperating Assets (RNNOA)		 3.74% 3.92% 3.26% 3.44% 2.96% 2.80% 7.02% 5.83% 4.40% 3.33%
Return on Equity (ROE)		 9.34% 9.90% 8.84% 10.26% 9.76% 8.11% 12.80% 9.83% 8.17% 6.92%
Cash Return on Invested Capital (CROIC)		 3.03% 2.28% -23.53% -6.93% -4.60% -9.14% 1.50% -62.04% 1.44% 22.76%
Operating Return on Assets (OROA)		 1.50% 1.63% 1.47% 1.62% 1.68% 1.30% 1.33% 0.99% 1.07% 0.98%
Return on Assets (ROA)		 1.00% 1.08% 1.00% 1.26% 1.30% 1.00% 1.03% 0.78% 0.82% 0.76%
Return on Common Equity (ROCE)		 9.34% 9.90% 8.84% 10.26% 9.76% 8.11% 12.80% 9.83% 8.17% 6.92%
Return on Equity Simple (ROE_SIMPLE)		 9.13% 9.74% 7.46% 9.46% 8.99% 8.23% 9.67% 6.58% 7.98% 6.84%
Net Operating Profit after Tax (NOPAT)		 87 96 107 160 181 161 192 202 258 226
NOPAT Margin		 22.49% 22.99% 21.66% 28.04% 28.39% 24.66% 30.08% 18.29% 25.10% 22.61%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 34.95% 37.59% 36.96% 37.32% 35.93% 38.32% 38.20% 36.52% 38.23% 39.66%
Operating Expenses to Revenue		 64.42% 62.70% 65.89% 62.38% 60.95% 59.28% 63.49% 69.27% 64.03% 63.76%
Earnings before Interest and Taxes (EBIT)		 130 145 157 206 235 209 248 257 337 295
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 164 177 187 244 283 270 331 330 393 353
Valuation Ratios		 - - - - - - - - - -
Price to Book Value (P/BV)		 0.94 1.36 1.14 0.97 0.35 1.06 2.04 1.13 0.92 1.01
Price to Tangible Book Value (P/TBV)		 1.22 1.76 1.74 1.50 0.53 1.62 5.06 1.85 1.45 1.57
Price to Revenue (P/Rev)		 2.32 3.22 3.31 2.87 1.11 3.18 3.32 3.14 2.90 3.35
Price to Earnings (P/E)		 10.33 14.00 15.27 10.22 3.91 12.90 11.05 17.18 11.56 14.80
Dividend Yield		 4.05% 2.95% 3.33% 4.15% 3.88% 6.07% 4.81% 6.34% 6.63% 5.87%
Earnings Yield		 9.68% 7.14% 6.55% 9.79% 25.55% 7.75% 9.05% 5.82% 8.65% 6.76%
Enterprise Value to Invested Capital (EV/IC)		 0.47 0.74 0.74 0.65 0.15 0.34 0.24 0.93 0.88 0.85
Enterprise Value to Revenue (EV/Rev)		 1.91 2.90 3.31 2.85 0.67 1.67 1.30 5.67 5.91 4.84
Enterprise Value to EBITDA (EV/EBITDA)		 4.50 6.80 8.71 6.68 1.52 4.04 2.51 19.01 15.44 13.71
Enterprise Value to EBIT (EV/EBIT)		 5.65 8.30 10.37 7.90 1.83 5.22 3.35 24.38 18.01 16.42
Enterprise Value to NOPAT (EV/NOPAT)		 8.49 12.60 15.26 10.17 2.38 6.78 4.32 30.99 23.56 21.40
Enterprise Value to Operating Cash Flow (EV/OCF)		 6.39 10.22 10.52 7.44 3.38 4.07 2.94 11.73 14.18 13.62
Enterprise Value to Free Cash Flow (EV/FCFF)		 15.67 33.01 0.00 0.00 0.00 0.00 16.70 0.00 61.91 3.38
Leverage & Solvency		 - - - - - - - - - -
Debt to Equity		 0.65 0.66 0.53 0.48 0.40 0.66 1.01 1.19 1.14 0.72
Long-Term Debt to Equity		 0.12 0.11 0.07 0.06 0.05 0.10 0.00 0.09 0.09 0.09
Financial Leverage		 0.67 0.66 0.58 0.50 0.44 0.53 1.21 1.46 1.16 0.93
Leverage Ratio		 9.32 9.20 8.83 8.17 7.54 8.13 12.43 12.63 9.99 9.16
Compound Leverage Factor		 9.32 9.20 8.83 8.17 7.54 8.13 12.43 12.63 9.99 9.16
Debt to Total Capital		 39.52% 39.74% 34.70% 32.49% 28.39% 39.71% 50.23% 54.38% 53.21% 41.94%
Short-Term Debt to Total Capital		 32.49% 32.97% 30.33% 28.39% 24.81% 33.58% 50.23% 50.16% 49.09% 36.75%
Long-Term Debt to Total Capital		 7.02% 6.77% 4.37% 4.09% 3.58% 6.13% 0.00% 4.21% 4.12% 5.19%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 60.48% 60.26% 65.30% 67.51% 71.61% 60.29% 49.77% 45.62% 46.80% 58.06%
Debt to EBITDA		 3.79 3.66 4.06 3.34 2.82 4.78 3.18 11.12 9.34 6.77
Net Debt to EBITDA		 -0.97 -0.76 0.00 -0.03 -0.98 -3.65 -3.91 8.47 7.87 4.23
Long-Term Debt to EBITDA		 0.67 0.62 0.51 0.42 0.36 0.74 0.00 0.86 0.72 0.84
Debt to NOPAT		 7.15 6.77 7.12 5.09 4.41 8.01 5.47 18.12 14.25 10.56
Net Debt to NOPAT		 -1.84 -1.40 0.00 -0.04 -1.54 -6.12 -6.73 13.81 12.01 6.59
Long-Term Debt to NOPAT		 1.27 1.15 0.90 0.64 0.56 1.24 0.00 1.40 1.10 1.31
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 47 37 -449 -163 -122 -277 50 -3,142 98 1,432
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 2.60 2.08 -16.04 -3.98 -2.07 -10.42 2.87 -39.83 0.24 2.98
Operating Cash Flow to Interest Expense		 6.39 6.70 5.52 5.35 2.16 10.09 16.32 6.77 1.07 0.74
Operating Cash Flow Less CapEx to Interest Expense		 6.39 6.70 5.52 5.35 2.16 10.09 16.32 6.77 1.07 0.74
Efficiency Ratios		 - - - - - - - - - -
Asset Turnover		 0.04 0.05 0.05 0.04 0.05 0.04 0.03 0.04 0.03 0.03
Fixed Asset Turnover		 2.00 2.16 2.25 2.35 2.31 2.11 2.09 2.97 2.31 2.29
Capital & Investment Metrics		 - - - - - - - - - -
Invested Capital		 1,571 1,631 2,186 2,509 2,812 3,251 3,393 6,738 6,897 5,691
Invested Capital Turnover		 0.25 0.26 0.26 0.24 0.24 0.22 0.19 0.22 0.15 0.16
Increase / (Decrease) in Invested Capital		 40 59 556 323 303 438 142 3,345 160 -1,206
Enterprise Value (EV)		 737 1,206 1,626 1,630 430 1,093 830 6,267 6,067 4,836
Market Capitalization		 897 1,340 1,626 1,637 709 2,079 2,124 3,474 2,975 3,346
Book Value per Share		 $20.96 $21.89 $25.29 $27.95 $90.73 $31.05 $16.74 $29.43 $30.74 $31.61
Tangible Book Value per Share		 $16.22 $16.94 $16.54 $17.99 $59.93 $20.39 $6.75 $17.96 $19.48 $20.44
Total Capital		 1,571 1,631 2,186 2,509 2,812 3,251 2,093 6,738 6,897 5,691
Total Debt		 621 648 759 815 798 1,291 1,051 3,664 3,670 2,387
Total Long-Term Debt		 110 110 96 103 101 199 0.00 284 284 295
Net Debt		 -159 -134 -0.30 -6.90 -278 -986 -1,294 2,793 3,092 1,490
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 621 648 759 815 798 1,291 2,351 3,664 3,670 2,387
Total Depreciation and Amortization (D&A)		 33 32 30 38 48 61 83 73 56 58
Earnings Adjustments		 - - - - - - - - - -
Adjusted Basic Earnings per Share		 $1.92 $2.15 $2.07 $2.77 $2.84 $2.53 $3.12 $1.96 $2.48 $2.19
Adjusted Weighted Average Basic Shares Outstanding		 45.24M 45.00M 56.49M 60.63M 65.28M 62.07M 62.21M 104.44M 103.94M 104.53M
Adjusted Diluted Earnings per Share		 $1.90 $2.13 $2.05 $2.75 $2.83 $2.53 $3.11 $1.96 $2.48 $2.19
Adjusted Weighted Average Diluted Shares Outstanding		 45.24M 45.00M 56.49M 60.63M 65.28M 62.07M 62.21M 104.44M 103.94M 104.53M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $2.84 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 45.24M 45.00M 56.49M 60.63M 65.28M 62.07M 62.21M 104.44M 103.94M 104.53M
Normalized Net Operating Profit after Tax (NOPAT)		 87 98 125 170 197 161 201 296 258 226
Normalized NOPAT Margin		 22.61% 23.43% 25.41% 29.73% 30.84% 24.66% 31.48% 26.74% 25.10% 22.61%
Pre Tax Income Margin		 33.81% 34.90% 31.88% 36.11% 36.87% 32.02% 38.80% 23.25% 32.83% 29.46%
Debt Service Ratios		 - - - - - - - - - -
EBIT to Interest Expense		 7.22 8.26 5.60 5.04 3.98 7.87 14.32 3.26 0.84 0.61
NOPAT to Interest Expense		 4.81 5.44 3.80 3.92 3.07 6.06 11.10 2.56 0.64 0.47
EBIT Less CapEx to Interest Expense		 7.22 8.26 5.60 5.04 3.98 7.87 14.32 3.26 0.84 0.61
NOPAT Less CapEx to Interest Expense		 4.81 5.44 3.80 3.92 3.07 6.06 11.10 2.56 0.64 0.47
Payout Ratios		 - - - - - - - - - -
Dividend Payout Ratio		 41.81% 41.17% 45.63% 40.01% 43.76% 79.78% 52.89% 90.06% 75.77% 86.68%
Augmented Payout Ratio		 65.60% 69.28% 46.85% 40.64% 45.14% 152.23% 55.70% 188.48% 88.97% 87.21%

Quarterly Metrics And Ratios for First Interstate BancSystem

This table displays calculated financial ratios and metrics derived from First Interstate BancSystem's official financial filings.

Metric Q3 2022 Q4 2022 Q1 2023 Q2 2023 Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025
Period end date 9/30/2022 12/31/2022 3/31/2023 6/30/2023 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 73.89% 88.44% 12.37% -9.14% -11.74% -15.90% -5.13% -6.93% -1.49% 3.57% 1.98%
EBITDA Growth		 51.76% 42.50% 539.20% 1.70% -12.86% -23.71% 6.18% -12.40% -19.07% -13.07% -17.24%
EBIT Growth		 78.09% 65.41% 279.90% 8.22% -12.40% -26.45% 3.23% -9.78% -23.23% -17.55% -13.43%
NOPAT Growth		 81.95% 67.91% 294.74% 4.52% -15.17% -28.32% 3.73% -10.45% -23.66% -15.28% -14.04%
Net Income Growth		 81.95% 67.91% 268.56% 4.52% -15.17% -28.32% 3.73% -10.45% -23.66% -15.28% -14.04%
EPS Growth		 5.26% 12.05% 250.00% 10.17% -12.50% -36.56% 5.56% -10.77% -22.86% -15.25% -14.04%
Operating Cash Flow Growth		 70.59% 24.58% -11.09% -15.86% -23.79% -27.66% 51.82% -52.12% -30.36% 37.37% -10.39%
Free Cash Flow Firm Growth		 -1,062.59% -3,469.33% -61.84% -36.25% 26.23% 96.99% 125.75% 101.95% 106.17% 1,384.18% 161.62%
Invested Capital Growth		 56.34% 98.57% 56.49% 44.55% 26.77% 2.37% -8.33% 0.28% -0.36% -17.49% -25.25%
Revenue Q/Q Growth		 0.28% 3.56% -14.90% 2.82% -2.59% -1.33% -4.00% 0.87% 3.11% 3.73% -5.47%
EBITDA Q/Q Growth		 25.33% -0.64% -29.74% 16.25% 7.38% -13.02% -2.21% -4.09% -0.79% -6.57% -6.91%
EBIT Q/Q Growth		 34.62% 1.76% -32.45% 16.96% 8.98% -14.57% -5.19% 2.22% -7.27% -8.25% -0.45%
NOPAT Q/Q Growth		 33.70% 0.12% -34.38% 19.01% 8.51% -15.41% -5.04% 2.74% -7.50% -6.13% -3.65%
Net Income Q/Q Growth		 33.70% 0.12% -34.38% 19.01% 8.51% -15.41% -5.04% 2.74% -7.50% -6.13% -3.65%
EPS Q/Q Growth		 35.59% 16.25% -41.94% 20.37% 7.69% -15.71% -3.39% 1.75% -6.90% -7.41% -2.00%
Operating Cash Flow Q/Q Growth		 -17.08% -43.45% -39.77% 197.92% -24.90% -46.32% 26.41% -6.05% 9.23% 5.90% -17.54%
Free Cash Flow Firm Q/Q Growth		 -12.89% -90.29% 18.60% 22.08% 38.88% 92.24% 797.14% -94.09% 93.07% 1,513.46% 42.03%
Invested Capital Q/Q Growth		 4.17% 35.02% 11.38% -7.74% -8.64% 9.03% -0.25% 0.93% -9.22% -9.72% -9.63%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 43.22% 41.47% 34.23% 38.70% 42.67% 37.61% 38.32% 36.43% 35.05% 31.57% 31.09%
EBIT Margin		 37.31% 36.67% 29.10% 33.10% 37.04% 32.07% 31.67% 32.09% 28.86% 25.53% 26.88%
Profit (Net Income) Margin		 29.58% 28.60% 22.05% 25.52% 28.43% 24.38% 24.11% 24.56% 22.03% 19.94% 20.32%
Tax Burden Percent		 79.28% 78.00% 75.77% 77.10% 76.77% 76.02% 76.14% 76.53% 76.34% 78.11% 75.60%
Interest Burden Percent		 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%
Effective Tax Rate		 20.72% 22.00% 24.23% 22.90% 23.23% 23.98% 23.86% 23.47% 23.66% 21.89% 24.40%
Return on Invested Capital (ROIC)		 6.98% 6.24% 4.07% 4.83% 5.39% 3.67% 3.40% 3.52% 3.46% 3.17% 3.40%
ROIC Less NNEP Spread (ROIC-NNEP)		 6.98% 6.24% 4.07% 4.83% 5.39% 3.67% 3.40% 3.52% 3.46% 3.17% 3.40%
Return on Net Nonoperating Assets (RNNOA)		 4.46% 9.13% 8.06% 4.02% 4.63% 4.27% 9.16% 4.17% 3.31% 2.94% 2.82%
Return on Equity (ROE)		 11.44% 15.37% 12.13% 8.84% 10.02% 7.94% 12.55% 7.70% 6.77% 6.10% 6.21%
Cash Return on Invested Capital (CROIC)		 -39.86% -62.04% -39.30% -31.40% -18.63% 1.44% 12.30% 3.36% 4.08% 22.76% 32.52%
Operating Return on Assets (OROA)		 1.42% 1.56% 1.02% 1.16% 1.28% 1.04% 1.04% 1.04% 0.95% 0.85% 0.92%
Return on Assets (ROA)		 1.13% 1.22% 0.77% 0.90% 0.99% 0.79% 0.79% 0.80% 0.73% 0.67% 0.70%
Return on Common Equity (ROCE)		 11.44% 15.37% 12.13% 8.84% 10.02% 7.94% 12.55% 7.70% 6.77% 6.10% 6.21%
Return on Equity Simple (ROE_SIMPLE)		 5.57% 0.00% 9.24% 9.45% 9.13% 0.00% 8.09% 7.83% 6.99% 0.00% 6.48%
Net Operating Profit after Tax (NOPAT)		 86 86 56 67 73 62 58 60 56 52 50
NOPAT Margin		 29.58% 28.60% 22.05% 25.52% 28.43% 24.38% 24.11% 24.56% 22.03% 19.94% 20.32%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
SG&A Expenses to Revenue		 36.21% 35.87% 38.66% 38.36% 37.90% 38.01% 39.68% 39.79% 40.69% 38.54% 41.09%
Operating Expenses to Revenue		 59.79% 58.43% 64.94% 62.44% 63.00% 65.79% 66.14% 64.22% 63.28% 61.58% 65.02%
Earnings before Interest and Taxes (EBIT)		 108 110 74 87 95 81 77 78 73 67 66
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 125 124 87 102 109 95 93 89 88 83 77
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 1.26 1.13 4.11 0.73 0.78 0.92 0.85 0.89 0.94 1.01 0.89
Price to Tangible Book Value (P/TBV)		 2.10 1.85 0.00 1.18 1.26 1.45 1.35 1.39 1.44 1.57 1.36
Price to Revenue (P/Rev)		 3.92 3.14 2.47 2.06 2.24 2.90 2.70 2.87 3.19 3.35 2.98
Price to Earnings (P/E)		 22.58 17.18 9.59 7.73 8.52 11.56 10.54 11.31 13.42 14.80 13.75
Dividend Yield		 5.79% 6.34% 8.10% 8.33% 8.22% 6.63% 7.14% 6.88% 6.22% 5.87% 6.56%
Earnings Yield		 4.43% 5.82% 10.43% 12.93% 11.73% 8.65% 9.49% 8.84% 7.45% 6.76% 7.27%
Enterprise Value to Invested Capital (EV/IC)		 1.04 0.93 0.38 0.78 0.80 0.88 0.84 0.81 0.86 0.85 0.76
Enterprise Value to Revenue (EV/Rev)		 5.36 5.67 2.52 4.88 4.70 5.91 5.70 5.65 5.45 4.84 3.89
Enterprise Value to EBITDA (EV/EBITDA)		 17.69 19.01 6.53 12.32 11.95 15.44 14.48 14.56 14.79 13.71 11.60
Enterprise Value to EBIT (EV/EBIT)		 24.22 24.38 7.65 14.24 13.80 18.01 17.01 16.98 17.48 16.42 13.74
Enterprise Value to NOPAT (EV/NOPAT)		 30.89 30.99 9.77 18.33 17.92 23.56 22.23 22.23 22.93 21.40 17.93
Enterprise Value to Operating Cash Flow (EV/OCF)		 10.04 11.73 5.41 10.92 11.11 14.18 12.60 15.25 16.40 13.62 11.29
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 61.91 6.52 24.10 20.93 3.38 2.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.66 1.19 1.66 1.22 1.05 1.14 1.14 1.15 0.87 0.72 0.53
Long-Term Debt to Equity		 0.09 0.09 0.24 0.09 0.09 0.09 0.17 0.17 0.09 0.09 0.09
Financial Leverage		 0.64 1.46 1.98 0.83 0.86 1.16 2.70 1.19 0.96 0.93 0.83
Leverage Ratio		 10.16 12.63 15.72 9.86 10.16 9.99 15.88 9.65 9.32 9.16 8.89
Compound Leverage Factor		 10.16 12.63 15.72 9.86 10.16 9.99 15.88 9.65 9.32 9.16 8.89
Debt to Total Capital		 39.77% 54.38% 62.46% 54.92% 51.22% 53.21% 53.35% 53.55% 46.60% 41.94% 34.64%
Short-Term Debt to Total Capital		 34.08% 50.16% 53.47% 50.82% 46.74% 49.09% 45.59% 45.68% 41.84% 36.75% 28.93%
Long-Term Debt to Total Capital		 5.69% 4.21% 8.98% 4.10% 4.49% 4.12% 7.76% 7.87% 4.77% 5.19% 5.70%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 60.23% 45.62% 37.54% 45.08% 48.78% 46.80% 46.65% 46.45% 53.40% 58.06% 65.36%
Debt to EBITDA		 6.78 11.12 2.60 8.67 7.67 9.34 9.21 9.64 8.05 6.77 5.29
Net Debt to EBITDA		 4.76 8.47 0.12 7.12 6.27 7.87 7.62 7.15 6.13 4.23 2.70
Long-Term Debt to EBITDA		 0.97 0.86 0.37 0.65 0.67 0.72 1.34 1.42 0.82 0.84 0.87
Debt to NOPAT		 11.85 18.12 3.88 12.90 11.50 14.25 14.14 14.72 12.48 10.56 8.18
Net Debt to NOPAT		 8.31 13.81 0.18 10.59 9.39 12.01 11.69 10.93 9.51 6.59 4.18
Long-Term Debt to NOPAT		 1.69 1.40 0.56 0.96 1.01 1.10 2.06 2.16 1.28 1.31 1.35
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 -1,713 -3,259 -2,653 -2,067 -1,263 -98 683 40 78 1,259 1,787
Operating Cash Flow to CapEx		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Free Cash Flow to Firm to Interest Expense		 -86.06 -71.46 -34.45 -20.90 -11.60 -0.84 5.48 0.33 0.64 11.29 18.18
Operating Cash Flow to Interest Expense		 8.51 2.10 0.75 1.74 1.19 0.59 0.70 0.67 0.73 0.85 0.80
Operating Cash Flow Less CapEx to Interest Expense		 8.51 2.10 0.75 1.74 1.19 0.59 0.70 0.67 0.73 0.85 0.80
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.04 0.04 0.04 0.04 0.03 0.03 0.03 0.03 0.03 0.03 0.03
Fixed Asset Turnover		 2.60 2.97 2.55 2.50 2.41 2.31 2.29 2.26 2.25 2.29 2.31
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 4,990 6,738 7,505 6,924 6,326 6,897 6,880 6,944 6,303 5,691 5,143
Invested Capital Turnover		 0.24 0.22 0.18 0.19 0.19 0.15 0.14 0.14 0.16 0.16 0.17
Increase / (Decrease) in Invested Capital		 1,798 3,345 2,709 2,134 1,336 160 -625 20 -23 -1,206 -1,737
Enterprise Value (EV)		 5,174 6,267 2,853 5,402 5,049 6,067 5,770 5,616 5,398 4,836 3,905
Market Capitalization		 3,782 3,474 2,800 2,280 2,402 2,975 2,735 2,856 3,159 3,346 2,995
Book Value per Share		 $28.14 $29.43 $6.53 $29.90 $29.38 $30.74 $30.88 $30.84 $32.19 $31.61 $32.16
Tangible Book Value per Share		 $16.89 $17.96 ($4.01) $18.50 $18.09 $19.48 $19.54 $19.61 $20.99 $20.44 $21.02
Total Capital		 4,990 6,738 1,816 6,924 6,326 6,897 6,880 6,944 6,303 5,691 5,143
Total Debt		 1,984 3,664 1,134 3,803 3,240 3,670 3,670 3,718 2,938 2,387 1,781
Total Long-Term Debt		 284 284 163 284 284 284 534 547 300 295 293
Net Debt		 1,393 2,793 53 3,122 2,647 3,092 3,035 2,760 2,239 1,490 910
Capital Expenditures (CapEx)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Expense (NNE)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Nonoperating Obligations (NNO)		 1,984 3,664 6,823 3,803 3,240 3,670 3,670 3,718 2,938 2,387 1,781
Total Depreciation and Amortization (D&A)		 17 14 13 15 14 14 16 11 16 16 10
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.80 $0.93 $0.54 $0.65 $0.70 $0.59 $0.57 $0.58 $0.54 $0.50 $0.49
Adjusted Weighted Average Basic Shares Outstanding		 106.53M 104.44M 103.74M 103.82M 103.82M 103.94M 102.84M 102.94M 102.97M 104.53M 103.09M
Adjusted Diluted Earnings per Share		 $0.80 $0.93 $0.54 $0.65 $0.70 $0.59 $0.57 $0.58 $0.54 $0.50 $0.49
Adjusted Weighted Average Diluted Shares Outstanding		 106.59M 104.44M 103.82M 103.82M 103.83M 103.94M 103.04M 103.09M 103.23M 104.53M 103.42M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 104.45M 104.44M 104.38M 105.02M 105.00M 103.94M 104.57M 104.55M 104.53M 104.53M 104.89M
Normalized Net Operating Profit after Tax (NOPAT)		 89 89 56 67 73 62 58 60 56 52 50
Normalized NOPAT Margin		 30.68% 29.61% 22.05% 25.52% 28.43% 24.38% 24.11% 24.56% 22.03% 19.94% 20.32%
Pre Tax Income Margin		 37.31% 36.67% 29.10% 33.10% 37.04% 32.07% 31.67% 32.09% 28.86% 25.53% 26.88%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 5.43 2.41 0.96 0.88 0.87 0.69 0.62 0.64 0.59 0.60 0.68
NOPAT to Interest Expense		 4.31 1.88 0.73 0.68 0.67 0.53 0.47 0.49 0.45 0.47 0.51
EBIT Less CapEx to Interest Expense		 5.43 2.41 0.96 0.88 0.87 0.69 0.62 0.64 0.59 0.60 0.68
NOPAT Less CapEx to Interest Expense		 4.31 1.88 0.73 0.68 0.67 0.53 0.47 0.49 0.45 0.47 0.51
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 94.63% 90.06% 63.62% 64.38% 69.34% 75.77% 75.35% 77.47% 83.09% 86.68% 89.58%
Augmented Payout Ratio		 213.37% 188.48% 131.93% 110.14% 70.01% 88.97% 88.17% 90.66% 97.28% 87.21% 91.09%

Financials Breakdown Chart

Key Financial Trends

First Interstate BancSystem Inc. (NASDAQ: FIBK) has demonstrated stable financial performance over the past several quarters and years, with some mixed trends to note.

  • Consistent Net Income: The company has reported positive net income in each quarter reviewed, with Q1 2025 net income at $50.2 million, relatively stable compared to $52.1 million in Q4 2024 and $58.4 million in Q1 2024.
  • Stable Earnings Per Share (EPS): EPS has remained steady around $0.49 in Q1 2025 and roughly $0.50 in prior quarters, indicating consistent profitability on a per-share basis.
  • Strong Net Interest Income: Net interest income has held steady, with $205 million in Q1 2025 compared to slightly higher $214 million in Q4 2024, showing efficient margin management despite interest expense increases.
  • Robust Operating Cash Flow: Q1 2025 operating cash flow was strong at $78.5 million, supporting ongoing operations and investment capacity.
  • Asset Base High and Stable: Total assets were approximately $28.3 billion at Q1 2025, consistent with prior quarters, indicating solid scale and stability.
  • Provision for Credit Losses Increased: Provisions rose to $20 million in Q1 2025 from $13.7 million in Q4 2024, which may suggest increasing credit risk or an abundance of caution amid uncertain economic conditions.
  • Decline in Total Revenue: Total revenue in Q1 2025 declined to $247 million from $261 million in Q4 2024, primarily due to a drop in interest income, signaling some pressure on top-line growth.
  • Dividends Remain Nearly Constant: Cash dividends per share held steady around $0.47-$0.50 across quarters, reflecting a stable shareholder return policy in a low-growth environment.
  • Decrease in Deposits and Repayment of Debt: Deposits declined by $282.8 million in Q1 2025 and there was a large debt repayment of $607.5 million, potentially signaling liquidity management challenges or a reduction in funding costs but possibly limiting growth capacity.
  • Operating Expenses Remain Elevated: Non-interest expenses totaled approximately $160.6 million in Q1 2025, slightly lower than prior quarters but still a significant cost burden that pressures profitability.

Summary:

First Interstate BancSystem continues to demonstrate stable profitability and strong cash flow generation with a solid asset base and consistent EPS. However, pressures are evident in the form of rising credit loss provisions, declining interest income, elevated expenses, and reductions in deposits and debt refinancing. Investors should monitor credit quality trends and interest rate environment impacts going forward, as these factors could influence growth and margins. The company’s steady dividend payout will appeal to income-focused investors seeking dependable bank stocks.

10/13/25 01:06 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About First Interstate BancSystem's Financials

When does First Interstate BancSystem's financial year end?

According to the most recent income statement we have on file, First Interstate BancSystem's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has First Interstate BancSystem's net income changed over the last 9 years?

First Interstate BancSystem's net income appears to be on an upward trend, with a most recent value of $226 million in 2024, rising from $86.80 million in 2015. The previous period was $257.50 million in 2023. See First Interstate BancSystem's forecast for analyst expectations on what’s next for the company.

How has First Interstate BancSystem's revenue changed over the last 9 years?

Over the last 9 years, First Interstate BancSystem's total revenue changed from $385.88 million in 2015 to $999.70 million in 2024, a change of 159.1%.

How much debt does First Interstate BancSystem have?

First Interstate BancSystem's total liabilities were at $25.83 billion at the end of 2024, a 5.9% decrease from 2023, and a 232.1% increase since 2015.

How much cash does First Interstate BancSystem have?

In the past 9 years, First Interstate BancSystem's cash and equivalents has ranged from $132.60 million in 2015 to $378.20 million in 2023, and is currently $378 million as of their latest financial filing in 2024.

How has First Interstate BancSystem's book value per share changed over the last 9 years?

Over the last 9 years, First Interstate BancSystem's book value per share changed from 20.96 in 2015 to 31.61 in 2024, a change of 50.8%.


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This page (NASDAQ:FIBK) was last updated on 10/13/2025 by MarketBeat.com Staff
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