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First Interstate BancSystem (FIBK) Financials

First Interstate BancSystem logo
$34.78 -0.82 (-2.29%)
As of 02:30 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 2025
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 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 87 96 107 160 181 161 192 202 258 226 302
Consolidated Net Income / (Loss)		 87 96 107 160 181 161 192 202 258 226 302
Net Income / (Loss) Continuing Operations		 87 96 107 160 181 161 192 202 258 226 302
Total Pre-Tax Income 		130 145 157 206 235 209 248 257 337 295 392
Total Revenue		 386 416 492 571 638 654 639 1,106 1,026 1,000 1,059
Net Interest Income / (Expense)		 264 280 350 433 495 498 489 943 879 822 825
Total Interest Income		 282 297 378 473 554 524 507 1,022 1,280 1,303 1,178
Loans and Leases Interest Income		 246 259 325 404 471 453 430 790 980 1,022 936
Investment Securities Interest Income		 35 36 46 58 64 66 73 218 272 246 202
Deposits and Money Market Investments Interest Income		 1.54 2.60 7.10 11 19 4.10 2.60 8.70 16 22 33
Other Interest Income		 - - - - - 0.80 1.00 4.80 12 12 7.40
Total Interest Expense		 18 18 28 41 59 27 17 79 401 481 353
Deposits Interest Expense		 13 13 21 33 49 18 8.10 48 243 326 300
Short-Term Borrowings Interest Expense		 - - - 0.20 - 0.00 0.00 15 134 123 26
Long-Term Debt Interest Expense		 4.72 4.50 5.30 5.40 5.80 7.60 8.80 13 19 25 22
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 4.70
Total Non-Interest Income		 122 137 142 139 143 156 150 163 147 178 233
Service Charges on Deposit Accounts		 - - - - - 18 17 25 23 26 27
Other Service Charges		 101 47 43 45 49 61 98 39 103 105 157
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 0.00
Investment Banking Income		 20 21 21 23 24 24 26 34 35 39 41
Other Non-Interest Income		 0.00 69 78 71 70 53 7.90 90 9.50 9.00 8.80
Provision for Credit Losses		 6.82 10 11 8.60 14 57 -15 83 32 68 27
Total Non-Interest Expense		 249 261 324 356 389 388 406 766 657 637 640
Salaries and Employee Benefits		 101 109 123 146 155 174 165 282 263 271 275
Net Occupancy & Equipment Expense		 33 48 59 67 74 77 79 122 129 126 133
Property & Liability Insurance Claims		 4.86 4.50 4.70 5.60 3.50 5.90 6.60 14 32 24 14
Other Operating Expenses		 102 91 102 117 125 120 133 213 217 202 205
Amortization Expense		 5.82 6.40 8.50 7.90 11 11 9.90 16 16 15 14
Income Tax Expense		 44 50 50 46 54 48 56 55 79 69 90
Basic Earnings per Share		 $1.92 $2.15 $2.07 $2.77 $2.84 $2.53 $3.12 $1.96 $2.48 $2.19 $2.95
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 101.12M
Diluted Earnings per Share		 $1.90 $2.13 $2.05 $2.75 $2.83 $2.53 $3.11 $1.96 $2.48 $2.19 $2.94
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 101.12M
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 101.12M
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 $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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 73 62 58 60 56 52 50 72 71 109 60
Consolidated Net Income / (Loss)		 73 62 58 60 56 52 50 72 71 109 60
Net Income / (Loss) Continuing Operations		 73 62 58 60 56 52 50 72 71 109 60
Total Pre-Tax Income 		95 81 77 78 73 67 66 94 93 139 78
Total Revenue		 256 252 242 244 252 261 247 248 251 313 242
Net Interest Income / (Expense)		 214 208 200 202 206 214 205 207 207 206 201
Total Interest Income		 323 324 325 324 328 326 303 298 292 285 271
Loans and Leases Interest Income		 250 253 252 253 259 258 242 239 234 221 206
Investment Securities Interest Income		 67 66 65 63 61 57 52 50 49 52 56
Deposits and Money Market Investments Interest Income		 3.00 3.10 4.10 4.90 4.90 8.30 6.30 6.20 8.40 12 7.80
Other Interest Income		 2.90 3.10 3.30 3.30 2.80 2.40 2.90 2.10 1.30 1.10 1.20
Total Interest Expense		 109 117 125 122 123 112 98 90 85 79 71
Deposits Interest Expense		 69 80 79 81 84 82 75 75 77 73 65
Short-Term Borrowings Interest Expense		 34 30 36 32 32 24 18 8.30 0.40 - 0.00
Long-Term Debt Interest Expense		 4.80 4.80 7.60 7.70 4.90 4.70 4.50 5.60 6.70 5.10 5.00
Federal Funds Purchased and Securities Sold Interest Expense		 1.70 2.10 2.30 1.90 1.40 1.10 1.20 1.10 1.20 1.20 1.00
Total Non-Interest Income		 42 45 42 43 46 47 42 41 44 107 41
Trust Fees by Commissions		 8.70 - 9.20 9.40 9.60 - 9.80 9.70 10 - 11
Service Charges on Deposit Accounts		 6.00 6.00 6.00 6.40 6.60 6.70 6.60 6.90 7.00 6.50 6.50
Other Service Charges		 8.10 -16 25 6.10 28 -30 23 22 24 104 22
Other Non-Interest Income		 19 46 2.20 21 2.20 60 2.30 2.10 2.10 -15 2.10
Provision for Credit Losses		 -0.10 5.40 5.30 9.00 20 34 20 -0.30 0.00 7.10 6.70
Total Non-Interest Expense		 161 166 160 157 159 161 161 155 158 167 158
Salaries and Employee Benefits		 65 64 65 66 71 69 69 65 66 75 69
Net Occupancy & Equipment Expense		 32 32 31 31 32 32 33 32 33 35 35
Property & Liability Insurance Claims		 5.00 16 7.40 6.60 5.20 4.80 4.30 4.00 3.70 2.40 2.80
Other Operating Expenses		 55 50 53 49 48 52 51 51 51 51 49
Amortization Expense		 3.90 3.90 3.70 3.70 3.60 3.60 3.40 3.40 3.40 3.40 3.30
Income Tax Expense		 22 19 18 18 17 15 16 22 21 30 17
Basic Earnings per Share		 $0.70 $0.59 $0.57 $0.58 $0.54 $0.50 $0.49 $0.69 $0.69 $1.08 $0.61
Weighted Average Basic Shares Outstanding		 103.82M 103.94M 102.84M 102.94M 102.97M 104.53M 103.09M 103.26M 103.15M 101.12M 98.88M
Diluted Earnings per Share		 $0.70 $0.59 $0.57 $0.58 $0.54 $0.50 $0.49 $0.69 $0.69 $1.07 $0.61
Weighted Average Diluted Shares Outstanding		 103.83M 103.94M 103.04M 103.09M 103.23M 104.53M 103.42M 103.36M 103.39M 101.12M 99.24M
Weighted Average Basic & Diluted Shares Outstanding		 105.00M 103.94M 104.57M 104.55M 104.53M 104.53M 104.89M 104.86M 102.89M 101.12M 97.14M
Cash Dividends to Common per Share		 $0.47 - $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 2025
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 12/31/2025
Net Change in Cash & Equivalents		 -18 1.50 -23 6.90 -342 1,200 68 -1,474 -293 319 413
Net Cash From Operating Activities		 115 118 155 219 127 268 282 534 428 355 306
Net Cash From Continuing Operating Activities		 115 118 155 219 127 268 282 534 428 355 306
Net Income / (Loss) Continuing Operations		 87 96 107 160 181 161 192 202 258 226 302
Consolidated Net Income / (Loss)		 87 96 107 160 181 161 192 202 258 226 302
Provision For Loan Losses		 6.82 10 11 8.60 14 57 -15 83 32 68 27
Depreciation Expense		 18 20 18 28 39 45 44 56 54 57 51
Amortization Expense		 15 13 12 10 8.90 16 39 17 2.40 1.10 -0.20
Non-Cash Adjustments to Reconcile Net Income		 1,153 1,032 851 6.10 -72 16 38 36 46 18 -39
Changes in Operating Assets and Liabilities, net		 -1,165 -1,051 -844 6.50 -43 -27 -16 141 36 -15 -35
Net Cash From Investing Activities		 -95 -143 -131 -181 -17 -1,870 -2,120 -949 1,253 1,759 2,312
Net Cash From Continuing Investing Activities		 -95 -143 -131 -237 -614 -1,870 -2,120 -949 1,253 1,759 2,312
Purchase of Investment Securities		 -886 -1,104 -766 -770 -1,368 -2,474 -3,498 -5,130 -349 -125 695
Sale and/or Maturity of Investments		 790 961 635 589 754 605 1,378 2,174 1,602 1,884 1,617
Other Investing Activities, net		 - - - - - - - - 0.00 0.00 0.00
Net Cash From Financing Activities		 -38 27 -47 25 144 2,802 1,906 -1,060 -1,974 -1,795 -2,204
Net Cash From Continuing Financing Activities		 -38 27 -47 25 144 2,802 1,906 -1,060 -1,974 -1,795 -2,204
Net Change in Deposits		 19 78 -110 50 276 2,554 2,053 -2,884 -1,751 -308 -286
Issuance of Debt		 5.11 0.20 5.20 2.80 0.10 99 0.00 2,341 0.00 254 125
Repayment of Debt		 -17 -0.10 - -7.10 -6.10 -0.10 0.00 -164 276 -1,286 -1,683
Repurchase of Common Equity		 -21 -27 -1.30 -1.00 -2.50 -117 -5.40 -199 -34 -1.20 -122
Payment of Dividends		 -36 -39 -49 -64 -79 -129 -102 -182 -195 -196 -194
Other Financing Activities, Net		 7.57 11 105 43 -45 394 -40 28 -270 -259 -44
Cash Interest Paid		 19 17 28 39 55 33 19 32 364 476 362
Cash Income Taxes Paid		 27 54 29 25 51 54 57 58 51 34 37

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -87 -15 57 324 -260 198 -25 219 359 -140 -101
Net Cash From Operating Activities		 129 69 88 82 90 95 79 68 92 67 55
Net Cash From Continuing Operating Activities		 129 69 88 82 90 95 79 68 92 67 55
Net Income / (Loss) Continuing Operations		 73 62 58 60 56 52 50 72 71 109 60
Consolidated Net Income / (Loss)		 73 62 58 60 56 52 50 72 71 109 60
Provision For Loan Losses		 -0.10 5.40 5.30 9.00 20 34 20 -0.30 - 7.10 6.70
Depreciation Expense		 13 13 16 10 15 16 11 9.50 16 14 13
Amortization Expense		 1.10 0.70 0.20 0.50 0.20 0.20 -0.10 -0.10 0.10 -0.10 -1.20
Non-Cash Adjustments to Reconcile Net Income		 7.30 9.80 -1.30 8.60 - 11 13 4.60 -1.00 -56 0.70
Changes in Operating Assets and Liabilities, net		 35 -21 9.10 -5.90 -1.00 -17 -15 -17 4.80 -6.90 -24
Net Cash From Investing Activities		 295 -76 532 181 487 559 834 909 744 -174 186
Net Cash From Continuing Investing Activities		 295 -76 532 181 487 559 834 909 744 -174 186
Purchase of Investment Securities		 -179 -24 12 -2.10 -84 458 -17 -74 -581 1,367 -519
Sale and/or Maturity of Investments		 474 -52 520 184 571 101 851 982 1,325 -1,541 706
Net Cash From Financing Activities		 -511 -8.10 -563 60 -837 -456 -937 -758 -476 -33 -342
Net Cash From Continuing Financing Activities		 -511 -8.10 -563 60 -837 -456 -937 -758 -476 -33 -342
Net Change in Deposits		 100 -356 -513 61 -6.60 152 -283 -102 -26 125 -205
Repayment of Debt		 -522 536 -261 88 -600 -513 -608 -713 -350 -13 -0.10
Repurchase of Common Equity		 - -32 -1.10 - -0.10 - -3.20 - -28 -91 -88
Payment of Dividends		 -49 -49 -49 -49 -49 -49 -48 -49 -49 -48 -46
Other Financing Activities, Net		 -40 -107 12 -52 -185 -33 4.10 -19 -24 -5.60 -3.50
Cash Interest Paid		 91 128 123 105 106 142 105 90 84 84 74

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 2025
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 12/31/2025
Total Assets		 8,728 9,064 12,213 13,300 14,644 17,649 19,672 32,288 30,671 29,137 26,641
Cash and Due from Banks		 133 147 197 244 242 261 169 349 378 378 358
Federal Funds Sold		 0.56 0.10 562 0.10 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 2,176 521 200 519 951
Trading Account Securities		 2,058 2,124 2,693 2,711 3,153 4,134 4,851 7,026 5,889 7,746 5,362
Loans and Leases, Net of Allowance		 5,169 5,402 7,542 8,397 -73 9,663 9,209 17,879 18,052 0.00 -191
Allowance for Loan and Lease Losses		 77 76 72 73 73 144 122 220 228 - 191
Premises and Equipment, Net		 191 195 242 245 306 312 300 445 444 427 407
Goodwill		 205 213 445 547 622 622 622 1,101 1,101 1,101 1,101
Intangible Assets		 11 9.65 49 57 62 51 - 97 81 67 53
Other Assets		 315 338 483 521 9,498 589 2,221 4,870 4,507 18,895 18,408
Total Liabilities & Shareholders' Equity		 8,728 9,064 12,213 13,300 14,644 17,649 19,672 32,288 30,671 29,137 26,641
Total Liabilities		 7,778 8,081 10,786 11,606 12,630 15,689 17,330 29,214 27,444 25,833 23,194
Non-Interest Bearing Deposits		 1,824 1,906 2,900 3,158 3,427 4,634 5,568 7,560 6,030 5,798 5,287
Interest Bearing Deposits		 5,265 5,470 7,035 7,522 8,237 9,584 10,701 17,514 17,294 17,218 16,802
Short-Term Debt		 511 538 663 712 698 1,091 1,051 3,380 3,386 2,091 480
Accrued Interest Payable		 4.96 5.42 5.60 7.80 12 5.80 - 15 52 47 37
Other Short-Term Payables		 53 45 87 94 130 - - 446 380 - 287
Long-Term Debt		 110 110 96 103 101 199 - 284 284 295 296
Other Long-Term Liabilities		 9.77 6.84 0.00 8.60 27 175 9.30 16 - 379 5.90
Redeemable Noncontrolling Interest		 - - - - - - - - - - 0.00
Total Equity & Noncontrolling Interests		 950 983 1,428 1,694 2,014 1,960 1,042 3,074 3,228 3,304 3,447
Total Preferred & Common Equity		 950 983 1,428 1,694 2,014 1,960 1,987 3,074 3,228 3,304 3,447
Total Common Equity		 950 983 1,428 1,694 2,014 1,960 1,042 3,074 3,228 3,304 3,447
Common Stock		 312 296 687 867 1,049 941 - 2,478 2,449 2,460 2,351
Retained Earnings		 638 695 753 852 954 962 1,053 1,073 1,135 1,166 1,274
Accumulated Other Comprehensive Income / (Loss)		 0.41 -8.13 -12 -25 11 57 -11 -477 -357 -322 -178
Other Equity Adjustments		 0.00 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 Q2 2025 Q3 2025 Q1 2026
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 6/30/2025 9/30/2025 3/31/2026
Total Assets		 31,345 31,638 30,976 30,541 30,145 30,290 29,596 28,280 27,566 27,333 26,427
Cash and Due from Banks		 390 333 479 372 316 390 439 390 437 383 322
Federal Funds Sold		 0.10 0.10 0.10 2.10 0.10 0.10 0.10 0.10 0.10 0.10 0.10
Interest Bearing Deposits at Other Banks		 201 748 201 220 319 568 260 481 654 1,066 887
Trading Account Securities		 6,877 6,130 5,934 5,687 5,796 5,625 5,555 7,504 5,077 5,201 5,787
Loans and Leases, Net of Allowance		 17,391 18,020 18,039 17,987 17,975 18,002 17,802 -215 -210 -206 -196
Allowance for Loan and Lease Losses		 213 226 225 227 228 233 225 215 210 206 196
Premises and Equipment, Net		 445 443 444 446 440 437 433 429 413 415 403
Goodwill		 1,100 1,101 1,101 1,101 1,101 1,101 1,101 1,101 1,101 1,101 1,101
Intangible Assets		 101 - 89 85 78 74 70 64 60 57 50
Other Assets		 4,839 4,770 4,689 4,642 4,120 4,092 3,936 18,311 19,825 19,110 17,877
Total Liabilities & Shareholders' Equity		 31,345 31,638 30,976 30,541 30,145 30,290 29,596 28,280 27,566 27,333 26,427
Total Liabilities		 28,339 25,267 27,855 27,455 26,935 27,064 26,230 24,919 24,145 23,884 23,068
Non-Interest Bearing Deposits		 8,163 6,861 6,518 6,403 5,900 6,174 5,919 5,590 5,579 5,556 5,229
Interest Bearing Deposits		 17,722 17,246 17,061 17,277 16,910 16,697 16,945 17,143 17,052 17,049 16,654
Short-Term Debt		 1,701 971 3,519 2,957 3,136 3,172 2,637 1,488 759 485 476
Accrued Interest Payable		 7.40 26 46 64 54 71 88 41 41 42 33
Other Short-Term Payables		 453 - 407 453 386 398 335 - 294 436 374
Long-Term Debt		 284 163 284 284 534 547 300 293 415 309 297
Other Long-Term Liabilities		 9.70 - 21 19 15 5.80 5.60 364 4.80 6.30 5.80
Redeemable Noncontrolling Interest		 - - - - - - - 0.00 - 0.00 0.00
Total Equity & Noncontrolling Interests		 3,006 682 3,121 3,086 3,210 3,225 3,366 3,361 3,422 3,449 3,359
Total Preferred & Common Equity		 3,006 3,160 3,121 3,086 3,210 3,225 3,366 3,361 3,422 3,449 3,359
Total Common Equity		 3,006 682 3,121 3,086 3,210 3,225 3,366 3,361 3,422 3,449 3,359
Common Stock		 2,477 - 2,481 2,485 2,451 2,454 2,457 2,460 2,464 2,439 2,266
Retained Earnings		 1,036 1,081 1,099 1,122 1,146 1,157 1,163 1,169 1,191 1,214 1,289
Accumulated Other Comprehensive Income / (Loss)		 -508 -399 -459 -522 -387 -386 -255 -268 -233 -204 -196
Other Equity Adjustments		 0.00 - 0.00 0.00 0.00 0.00 0.00 - 0.00 0.00 0.00

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 2025
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 12/31/2025
Growth Metrics		 - - - - - - - - - - -
Profitability Metrics		 - - - - - - - - - - -
Valuation Ratios		 - - - - - - - - - - -
Leverage & Solvency		 - - - - - - - - - - -
Liquidity Ratios		 - - - - - - - - - - -
Cash Flow Metrics		 - - - - - - - - - - -
Efficiency Ratios		 - - - - - - - - - - -
Capital & Investment Metrics		 - - - - - - - - - - -
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 $2.95
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 101.12M
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 $2.94
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 101.12M
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 $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 101.12M
Debt Service Ratios		 - - - - - - - - - - -
Payout Ratios		 - - - - - - - - - - -

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 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 101,118,302.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 101,118,302.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.60
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 -11.74% -15.90% -5.13% -6.93% -1.49% 3.57% 1.98% 1.64% -0.56% - -2.11%
EBITDA Growth		 -12.86% -23.71% 6.18% -12.40% -19.07% -13.07% -17.24% 15.62% 23.56% - 15.63%
EBIT Growth		 -12.40% -26.45% 3.23% -9.78% -23.23% -17.55% -13.43% 19.26% 27.37% - 16.72%
NOPAT Growth		 -15.17% -28.32% 3.73% -10.45% -23.66% -15.28% -14.04% 19.50% 28.65% - 19.92%
Net Income Growth		 -15.17% -28.32% 3.73% -10.45% -23.66% -15.28% -14.04% 19.50% 28.65% - 19.92%
EPS Growth		 -12.50% -36.56% 5.56% -10.77% -22.86% -15.25% -14.04% 18.97% 27.78% - 24.49%
Operating Cash Flow Growth		 -23.79% -27.66% 51.82% -52.12% -30.36% 37.37% -10.39% -17.25% 2.00% - -29.94%
Free Cash Flow Firm Growth		 26.23% 96.99% 125.75% 101.95% 106.17% 1,384.18% 161.62% 5,887.87% 2,632.82% - -40.05%
Invested Capital Growth		 26.77% 2.37% -8.33% 0.28% -0.36% -17.49% -25.25% -33.81% -32.68% - -19.67%
Revenue Q/Q Growth		 -2.59% -1.33% -4.00% 0.87% 3.11% 3.73% -5.47% 0.53% 0.89% - -22.75%
EBITDA Q/Q Growth		 7.38% -13.02% -2.21% -4.09% -0.79% -6.57% -6.91% 33.98% 6.03% - -42.15%
EBIT Q/Q Growth		 8.98% -14.57% -5.19% 2.22% -7.27% -8.25% -0.45% 40.81% -0.96% - -44.32%
NOPAT Q/Q Growth		 8.51% -15.41% -5.04% 2.74% -7.50% -6.13% -3.65% 42.83% -0.42% - -44.67%
Net Income Q/Q Growth		 8.51% -15.41% -5.04% 2.74% -7.50% -6.13% -3.65% 42.83% -0.42% - -44.67%
EPS Q/Q Growth		 7.69% -15.71% -3.39% 1.75% -6.90% -7.41% -2.00% 40.82% 0.00% - -42.99%
Operating Cash Flow Q/Q Growth		 -24.90% -46.32% 26.41% -6.05% 9.23% 5.90% -17.54% -13.25% 34.65% - -18.28%
Free Cash Flow Firm Q/Q Growth		 38.88% 92.24% 797.14% -94.09% 93.07% 1,513.46% 42.03% 35.34% -11.88% - -32.04%
Invested Capital Q/Q Growth		 -8.64% 9.03% -0.25% 0.93% -9.22% -9.72% -9.63% -10.63% -7.68% - -2.17%
Profitability Metrics		 - - - - - - - - - - -
EBITDA Margin		 42.67% 37.61% 38.32% 36.43% 35.05% 31.57% 31.09% 41.44% 43.55% - 36.72%
EBIT Margin		 37.04% 32.07% 31.67% 32.09% 28.86% 25.53% 26.88% 37.66% 36.97% - 32.05%
Profit (Net Income) Margin		 28.43% 24.38% 24.11% 24.56% 22.03% 19.94% 20.32% 28.88% 28.50% - 24.90%
Tax Burden Percent		 76.77% 76.02% 76.14% 76.53% 76.34% 78.11% 75.60% 76.68% 77.11% - 77.68%
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		 23.23% 23.98% 23.86% 23.47% 23.66% 21.89% 24.40% 23.32% 22.89% - 22.32%
Return on Invested Capital (ROIC)		 5.39% 3.67% 3.40% 3.52% 3.46% 3.17% 3.40% 5.05% 5.44% - 5.66%
ROIC Less NNEP Spread (ROIC-NNEP)		 5.39% 3.67% 3.40% 3.52% 3.46% 3.17% 3.40% 5.05% 5.44% - 5.66%
Return on Net Nonoperating Assets (RNNOA)		 4.63% 4.27% 9.16% 4.17% 3.31% 2.94% 2.82% 3.72% 2.98% - 2.15%
Return on Equity (ROE)		 10.02% 7.94% 12.55% 7.70% 6.77% 6.10% 6.21% 8.76% 8.42% - 7.81%
Cash Return on Invested Capital (CROIC)		 -18.63% 1.44% 12.30% 3.36% 4.08% 22.76% 32.52% 44.66% 43.72% - 28.54%
Operating Return on Assets (OROA)		 1.28% 1.04% 1.04% 1.04% 0.95% 0.85% 0.92% 1.31% 1.31% - 1.23%
Return on Assets (ROA)		 0.99% 0.79% 0.79% 0.80% 0.73% 0.67% 0.70% 1.01% 1.01% - 0.96%
Return on Common Equity (ROCE)		 10.02% 7.94% 12.55% 7.70% 6.77% 6.10% 6.21% 8.76% 8.42% - 7.81%
Return on Equity Simple (ROE_SIMPLE)		 9.13% 0.00% 8.09% 7.83% 6.99% 0.00% 6.48% 6.71% 7.12% - 9.29%
Net Operating Profit after Tax (NOPAT)		 73 62 58 60 56 52 50 72 71 - 60
NOPAT Margin		 28.43% 24.38% 24.11% 24.56% 22.03% 19.94% 20.32% 28.88% 28.50% - 24.90%
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		 37.90% 38.01% 39.68% 39.79% 40.69% 38.54% 41.09% 39.03% 39.76% - 42.60%
Operating Expenses to Revenue		 63.00% 65.79% 66.14% 64.22% 63.28% 61.58% 65.02% 62.46% 63.03% - 65.18%
Earnings before Interest and Taxes (EBIT)		 95 81 77 78 73 67 66 94 93 - 78
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 109 95 93 89 88 83 77 103 109 - 89
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.78 0.92 0.85 0.89 0.94 1.01 0.89 0.88 0.97 - 1.01
Price to Tangible Book Value (P/TBV)		 1.26 1.45 1.35 1.39 1.44 1.57 1.36 1.34 1.46 - 1.53
Price to Revenue (P/Rev)		 2.24 2.90 2.70 2.87 3.19 3.35 2.98 3.00 3.32 - 3.21
Price to Earnings (P/E)		 8.52 11.56 10.54 11.31 13.42 14.80 13.75 13.17 13.62 - 10.82
Dividend Yield		 8.22% 6.63% 7.14% 6.88% 6.22% 5.87% 6.56% 6.52% 5.90% - 5.63%
Earnings Yield		 11.73% 8.65% 9.49% 8.84% 7.45% 6.76% 7.27% 7.59% 7.34% - 9.24%
Enterprise Value to Invested Capital (EV/IC)		 0.80 0.88 0.84 0.81 0.86 0.85 0.76 0.68 0.63 - 0.71
Enterprise Value to Revenue (EV/Rev)		 4.70 5.91 5.70 5.65 5.45 4.84 3.89 3.08 2.67 - 2.79
Enterprise Value to EBITDA (EV/EBITDA)		 11.95 15.44 14.48 14.56 14.79 13.71 11.60 8.86 7.24 - 6.47
Enterprise Value to EBIT (EV/EBIT)		 13.80 18.01 17.01 16.98 17.48 16.42 13.74 10.38 8.42 - 7.30
Enterprise Value to NOPAT (EV/NOPAT)		 17.92 23.56 22.23 22.23 22.93 21.40 17.93 13.54 10.95 - 9.42
Enterprise Value to Operating Cash Flow (EV/OCF)		 11.11 14.18 12.60 15.25 16.40 13.62 11.29 9.37 8.06 - 10.43
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 61.91 6.52 24.10 20.93 3.38 2.00 1.21 1.17 - 2.22
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 1.05 1.14 1.14 1.15 0.87 0.72 0.53 0.34 0.23 - 0.23
Long-Term Debt to Equity		 0.09 0.09 0.17 0.17 0.09 0.09 0.09 0.12 0.09 - 0.09
Financial Leverage		 0.86 1.16 2.70 1.19 0.96 0.93 0.83 0.74 0.55 - 0.38
Leverage Ratio		 10.16 9.99 15.88 9.65 9.32 9.16 8.89 8.70 8.35 - 8.14
Compound Leverage Factor		 10.16 9.99 15.88 9.65 9.32 9.16 8.89 8.70 8.35 - 8.14
Debt to Total Capital		 51.22% 53.21% 53.35% 53.55% 46.60% 41.94% 34.64% 25.55% 18.72% - 18.70%
Short-Term Debt to Total Capital		 46.74% 49.09% 45.59% 45.68% 41.84% 36.75% 28.93% 16.52% 11.43% - 11.52%
Long-Term Debt to Total Capital		 4.49% 4.12% 7.76% 7.87% 4.77% 5.19% 5.70% 9.03% 7.29% - 7.18%
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		 48.78% 46.80% 46.65% 46.45% 53.40% 58.06% 65.36% 74.45% 81.28% - 81.30%
Debt to EBITDA		 7.67 9.34 9.21 9.64 8.05 6.77 5.29 3.35 2.14 - 1.70
Net Debt to EBITDA		 6.27 7.87 7.62 7.15 6.13 4.23 2.70 0.24 -1.76 - -0.96
Long-Term Debt to EBITDA		 0.67 0.72 1.34 1.42 0.82 0.84 0.87 1.18 0.83 - 0.65
Debt to NOPAT		 11.50 14.25 14.14 14.72 12.48 10.56 8.18 5.12 3.24 - 2.48
Net Debt to NOPAT		 9.39 12.01 11.69 10.93 9.51 6.59 4.18 0.37 -2.67 - -1.40
Long-Term Debt to NOPAT		 1.01 1.10 2.06 2.16 1.28 1.31 1.35 1.81 1.26 - 0.95
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)		 -1,263 -98 683 40 78 1,259 1,787 2,419 2,132 - 1,072
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		 -11.60 -0.84 5.48 0.33 0.64 11.29 18.18 26.79 25.02 - 15.18
Operating Cash Flow to Interest Expense		 1.19 0.59 0.70 0.67 0.73 0.85 0.80 0.75 1.08 - 0.78
Operating Cash Flow Less CapEx to Interest Expense		 1.19 0.59 0.70 0.67 0.73 0.85 0.80 0.75 1.08 - 0.78
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.03 0.04 - 0.04
Fixed Asset Turnover		 2.41 2.31 2.29 2.26 2.25 2.29 2.31 2.37 2.38 - 2.53
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 6,326 6,897 6,880 6,944 6,303 5,691 5,143 4,596 4,243 - 4,131
Invested Capital Turnover		 0.19 0.15 0.14 0.14 0.16 0.16 0.17 0.17 0.19 - 0.23
Increase / (Decrease) in Invested Capital		 1,336 160 -625 20 -23 -1,206 -1,737 -2,347 -2,060 - -1,011
Enterprise Value (EV)		 5,049 6,067 5,770 5,616 5,398 4,836 3,905 3,107 2,687 - 2,941
Market Capitalization		 2,402 2,975 2,735 2,856 3,159 3,346 2,995 3,023 3,342 - 3,377
Book Value per Share		 $29.38 $30.74 $30.88 $30.84 $32.19 $31.61 $32.16 $32.62 $32.89 - $33.21
Tangible Book Value per Share		 $18.09 $19.48 $19.54 $19.61 $20.99 $20.44 $21.02 $21.56 $21.85 - $21.83
Total Capital		 6,326 6,897 6,880 6,944 6,303 5,691 5,143 4,596 4,243 - 4,131
Total Debt		 3,240 3,670 3,670 3,718 2,938 2,387 1,781 1,174 795 - 773
Total Long-Term Debt		 284 284 534 547 300 295 293 415 309 - 297
Net Debt		 2,647 3,092 3,035 2,760 2,239 1,490 910 84 -655 - -436
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)		 3,240 3,670 3,670 3,718 2,938 2,387 1,781 1,174 795 - 773
Total Depreciation and Amortization (D&A)		 14 14 16 11 16 16 10 9.40 17 - 11
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.70 $0.59 $0.57 $0.58 $0.54 $0.50 $0.49 $0.69 $0.69 $1.08 $0.61
Adjusted Weighted Average Basic Shares Outstanding		 103.82M 103.94M 102.84M 102.94M 102.97M 104.53M 103.09M 103.26M 103.15M 101.12M 98.88M
Adjusted Diluted Earnings per Share		 $0.70 $0.59 $0.57 $0.58 $0.54 $0.50 $0.49 $0.69 $0.69 $1.07 $0.61
Adjusted Weighted Average Diluted Shares Outstanding		 103.83M 103.94M 103.04M 103.09M 103.23M 104.53M 103.42M 103.36M 103.39M 101.12M 99.24M
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		 105.00M 103.94M 104.57M 104.55M 104.53M 104.53M 104.89M 104.86M 102.89M 101.12M 97.14M
Normalized Net Operating Profit after Tax (NOPAT)		 73 62 58 60 56 52 50 72 71 - 60
Normalized NOPAT Margin		 28.43% 24.38% 24.11% 24.56% 22.03% 19.94% 20.32% 28.88% 28.50% - 24.90%
Pre Tax Income Margin		 37.04% 32.07% 31.67% 32.09% 28.86% 25.53% 26.88% 37.66% 36.97% - 32.05%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.87 0.69 0.62 0.64 0.59 0.60 0.68 1.04 1.09 - 1.10
NOPAT to Interest Expense		 0.67 0.53 0.47 0.49 0.45 0.47 0.51 0.79 0.84 - 0.85
EBIT Less CapEx to Interest Expense		 0.87 0.69 0.62 0.64 0.59 0.60 0.68 1.04 1.09 - 1.10
NOPAT Less CapEx to Interest Expense		 0.67 0.53 0.47 0.49 0.45 0.47 0.51 0.79 0.84 - 0.85
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 69.34% 75.77% 75.35% 77.47% 83.09% 86.68% 89.58% 85.05% 79.54% - 61.52%
Augmented Payout Ratio		 70.01% 88.97% 88.17% 90.66% 97.28% 87.21% 91.09% 86.49% 92.05% - 127.65%

Financials Breakdown Chart

Key Financial Trends

First Interstate BancSystem’s latest quarter showed improved profitability, but the balance sheet and cash flow mix suggest the bank is still managing a shifting funding and asset base. In Q1 2026, the company earned $60.2 million, or $0.61 per share, up from $50.2 million in Q1 2025 and roughly in line with recent quarterly trends. Net interest income remained solid at $200.7 million, while non-interest income and operating cash flow also contributed to the quarter.

What looks positive is that earnings held up despite some pressure on deposits and financing flows. Operating cash flow was $55.0 million in Q1 2026, and the bank generated $186.3 million of investing cash flow, helped by $705.7 million in investment sales and maturities. Profitability also improved versus the same quarter last year, with pretax income of $77.5 million compared with $66.4 million in Q1 2025.

However, there are some important cautions. Deposits declined by $205.3 million in the quarter, which can be a sign of funding pressure or customer mix changes. The company also used $342.3 million in financing cash flow, including $87.7 million in share repurchases and $45.7 million in dividends, while net cash and equivalents fell by $101.0 million. On the balance sheet, total assets dropped to $26.4 billion from $27.3 billion in Q3 2025, and common equity edged down to $3.36 billion from $3.45 billion.

Year-over-year and multi-quarter trends suggest a bank that is still stabilizing after a period of volatility. In 2024 and 2025, earnings generally recovered from earlier softness, with quarterly net income typically ranging from the low $50 millions to about $108.8 million. But revenue and margins have not moved in a straight line: Q1 2026 revenue was $241.8 million, below Q4 2025’s $313.0 million, though Q4 is often seasonally stronger. The credit loss provision was a modest $6.7 million in Q1 2026, which is lower than several earlier quarters, suggesting credit costs are not currently the main pressure point.

  • Q1 2026 net income increased year over year to $60.2 million from $50.2 million in Q1 2025.
  • Operating cash flow remained positive at $55.0 million, supporting the dividend and ongoing operations.
  • Net interest income stayed strong at $200.7 million, showing the core banking spread business is still generating meaningful profit.
  • Credit costs were manageable with a $6.7 million provision for credit losses.
  • Investment sales and maturities boosted liquidity by providing $705.7 million in inflows in the quarter.
  • Quarterly earnings remain somewhat volatile, with results influenced by balance-sheet repositioning and non-interest income swings.
  • Total assets declined quarter over quarter to $26.4 billion, reflecting a smaller balance sheet than late 2025.
  • Common equity remained stable overall near $3.4 billion, with only a modest sequential decline.
  • Deposits fell by $205.3 million in Q1 2026, which may point to funding pressure.
  • Capital was returned aggressively through $87.7 million of buybacks and $45.7 million of dividends, which contributed to lower cash.

Bottom line: First Interstate BancSystem is still producing respectable earnings and positive operating cash flow, but investors should keep an eye on deposit trends, balance-sheet shrinkage, and the company’s reliance on security sales and financing actions to manage liquidity. The quarter was constructive, but not without signs of caution.

06/01/26 02:30 PM ETAI Generated. May Contain Errors.

First Interstate BancSystem Financials - Frequently Asked Questions

According to the most recent income statement we have on file, First Interstate BancSystem's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

First Interstate BancSystem's net income appears to be on an upward trend, with a most recent value of $302.10 million in 2025, rising from $86.80 million in 2015. The previous period was $226 million in 2024. See where experts think First Interstate BancSystem is headed by visiting First Interstate BancSystem's forecast page.

Over the last 10 years, First Interstate BancSystem's total revenue changed from $385.88 million in 2015 to $1.06 billion in 2025, a change of 174.4%.

First Interstate BancSystem's total liabilities were at $23.19 billion at the end of 2025, a 10.2% decrease from 2024, and a 198.2% increase since 2015.

In the past 10 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 $358.20 million as of their latest financial filing in 2025.


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Financial statements for NASDAQ:FIBK last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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