(FIBK) First Interstate BancSystem - Overview

Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 3.338m USD | Total Return: 41.8% in 12m

Commercial Loans, Mortgages, Consumer Loans, Deposit Accounts, Wealth Management
Total Rating 40
Safety 33
Buy Signal 0.07
Banks - Regional
Industry Rotation: +1.2
Market Cap: 3.34B
Avg Turnover: 46.6M
Risk 3d forecast
Volatility29.2%
VaR 5th Pctl4.60%
VaR vs Median-4.70%
Reward TTM
Sharpe Ratio1.20
Rel. Str. IBD60.3
Rel. Str. Peer Group59.4
Character TTM
Beta1.102
Beta Downside1.264
Hurst Exponent0.392
Drawdowns 3y
Max DD31.76%
CAGR/Max DD0.71
CAGR/Mean DD2.21
EPS (Earnings per Share) EPS (Earnings per Share) of FIBK over the last years for every Quarter: "2021-03": 0.83, "2021-06": 0.69, "2021-09": 0.85, "2021-12": 0.89, "2022-03": 0.34, "2022-06": 0.92, "2022-09": 1.02, "2022-12": 0.86, "2023-03": 0.72, "2023-06": 0.66, "2023-09": 0.7, "2023-12": 0.59, "2024-03": 0.57, "2024-06": 0.58, "2024-09": 0.54, "2024-12": 0.5, "2025-03": 0.49, "2025-06": 0.69, "2025-09": 0.69, "2025-12": 1.08, "2026-03": 0.61,
EPS CAGR: -3.54%
EPS Trend: -22.1%
Last SUE: 0.13
Qual. Beats: 0
Revenue Revenue of FIBK over the last years for every Quarter: 2021-03: 163.4, 2021-06: 158.6, 2021-09: 170.8, 2021-12: 163.2, 2022-03: 233.2, 2022-06: 296.3, 2022-09: 309.6, 2022-12: 345.6, 2023-03: 332.3, 2023-06: 361.4, 2023-09: 364.6, 2023-12: 368.8, 2024-03: 366.8, 2024-06: 366.6, 2024-09: 374.4, 2024-12: 372.8, 2025-03: 345.3, 2025-06: 338.6, 2025-09: 335.7, 2025-12: 313, 2026-03: 242.9,
Rev. CAGR: -2.45%
Rev. Trend: -40.9%
Last SUE: 0.00
Qual. Beats: 0

Warnings

No concerns identified

Tailwinds

No distinct edge detected

Description: FIBK First Interstate BancSystem

First Interstate BancSystem, Inc. (FIBK) is a regional bank holding company headquartered in Billings, Montana, operating primarily through its subsidiary, First Interstate Bank. Founded in 1879, the company provides a comprehensive suite of financial services, including commercial and consumer lending, deposit products, wealth management, and insurance services. Its loan portfolio is diversified across real estate, agriculture, and small-to-medium enterprise (SME) commercial credit.

As a regional bank, FIBK relies on a traditional spread-based business model, generating revenue from the net interest margin between gathered deposits and issued loans. Regional banks often maintain deep ties to local economies, which for FIBK includes significant exposure to the agricultural and tourism sectors of the Rocky Mountain and Pacific Northwest regions. This localized focus allows for specialized credit underwriting but ties performance closely to regional economic cycles.

For a detailed breakdown of the companys valuation and historical performance, you may wish to consult the analytical tools available at ValueRay. The firm also manages non-interest income streams through trust administration, custodial services, and mortgage servicing operations.

Headlines to Watch Out For
  • Net interest margin sensitivity to Federal Reserve monetary policy shifts
  • Commercial real estate loan concentration poses credit quality risks
  • Deposit beta management impacts funding costs in competitive regional markets
  • Agricultural sector performance influences loan demand and asset quality
  • Expense management and operational efficiency following Great Western merger integration
Piotroski VR-10 (Strict) 4.0
Net Income: 312.1m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA -0.19 > 1.0
NWC/Revenue: -956.3% < 20% (prev -1.60k%; Δ 639.2% < -1%)
CFO/TA 0.01 > 3% & CFO 282.1m > Net Income 312.1m
Net Debt (451.6m) to EBITDA (455.6m): 0.99 < 3
Current Ratio: 0.03 > 1.5 & < 3
Outstanding Shares: last quarter (99.2m) vs 12m ago -4.04% < -2%
Gross Margin: 84.64% > 18% (prev 0.63%; Δ 8.40k% > 0.5%)
Asset Turnover: 4.50% > 50% (prev 5.16%; Δ -0.66% > 0%)
Interest Coverage Ratio: 1.24 > 6 (EBITDA TTM 455.6m / Interest Expense TTM 324.9m)
Altman Z'' -2.51
A: -0.45 (Total Current Assets 321.7m - Total Current Liabilities 12.1b) / Total Assets 26.4b
B: 0.05 (Retained Earnings 1.29b / Total Assets 26.4b)
C: 0.01 (EBIT TTM 402.8m / Avg Total Assets 27.4b)
D: 0.15 (Book Value of Equity 3.36b / Total Liabilities 23.1b)
Altman-Z'' = -2.51 = D
Beneish M -3.26
DSRI: 1.11 (Receivables 101.3m/107.9m, Revenue 1.23b/1.46b)
GMI: 0.75 (GM 84.64% / 63.19%)
AQI: 1.03 (AQ_t 0.97 / AQ_t-1 0.95)
SGI: 0.84 (Revenue 1.23b / 1.46b)
TATA: 0.00 (NI 312.1m - CFO 282.1m) / TA 26.4b)
Beneish M = -3.26 (Cap -4..+1) = AA
What is the price of FIBK shares?

As of May 24, 2026, the stock is trading at USD 35.20 with a total of 788,023 shares traded.
Over the past week, the price has changed by +4.14%, over one month by +4.28%, over three months by +0.51% and over the past year by +41.78%.

Is FIBK a buy, sell or hold?

First Interstate BancSystem has received a consensus analysts rating of 3.25. Therefore, it is recommended to hold FIBK.

  • StrongBuy: 2
  • Buy: 1
  • Hold: 3
  • Sell: 1
  • StrongSell: 1

What are the forecasts/targets for the FIBK price?
Analysts Target Price 37.3 5.8%
First Interstate BancSystem (FIBK) - Fundamental Data Overview as of 21 May 2026
P/E Trailing = 11.2288
P/E Forward = 13.0039
P/S = 3.211
P/B = 0.986
P/EG = 1.1571
Revenue TTM = 1.23b USD
EBIT TTM = 402.8m USD
EBITDA TTM = 455.6m USD
Long Term Debt = 296.6m USD (from longTermDebt, last quarter)
Short Term Debt = 476.1m USD (from shortTermDebt, last quarter)
Debt = 773.3m USD (from shortLongTermDebtTotal, last quarter) + Leases 600k
Net Debt = 451.6m USD (calculated: Debt 773.3m - CCE 321.7m)
Enterprise Value = 3.79b USD (3.34b + Debt 773.3m - CCE 321.7m)
Interest Coverage Ratio = 1.24 (Ebit TTM 402.8m / Interest Expense TTM 324.9m)
EV/FCF = 14.96x (Enterprise Value 3.79b / FCF TTM 253.3m)
FCF Yield = 6.68% (FCF TTM 253.3m / Enterprise Value 3.79b)
FCF Margin = 20.59% (FCF TTM 253.3m / Revenue TTM 1.23b)
Net Margin = 25.37% (Net Income TTM 312.1m / Revenue TTM 1.23b)
Gross Margin = 84.64% ((Revenue TTM 1.23b - Cost of Revenue TTM 189.0m) / Revenue TTM)
Gross Margin QoQ = none% (prev none%)
Tobins Q-Ratio = 0.14 (Enterprise Value 3.79b / Total Assets 26.4b)
Interest Expense / Debt = 42.01% (Interest Expense 324.9m / Debt 773.3m)
Taxrate = 22.32% (17.3m / 77.5m)
NOPAT = 312.9m (EBIT 402.8m * (1 - 22.32%))
Current Ratio = 0.03 (Total Current Assets 321.7m / Total Current Liabilities 12.1b)
Debt / Equity = 0.23 (Debt 773.3m / totalStockholderEquity, last quarter 3.36b)
Debt / EBITDA = 0.99 (Net Debt 451.6m / EBITDA 455.6m)
Debt / FCF = 1.78 (Net Debt 451.6m / FCF TTM 253.3m)
Total Stockholder Equity = 3.42b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.14% (Net Income 312.1m / Total Assets 26.4b)
RoE = 9.13% (Net Income TTM 312.1m / Total Stockholder Equity 3.42b)
RoCE = 10.84% (EBIT 402.8m / Capital Employed (Equity 3.42b + L.T.Debt 296.6m))
RoIC = 1.19% (NOPAT 312.9m / Invested Capital 26.2b)
WACC = 14.14% (E(3.34b)/V(4.11b) * Re(9.86%) + D(773.3m)/V(4.11b) * Rd(42.01%) * (1-Tc(0.22)))
Discount Rate = 9.86% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -24.44 | Cagr: -1.91%
[DCF] Terminal Value 54.74% ; FCFF base≈282.1m ; Y1≈247.4m ; Y5≈199.9m
[DCF] Fair Price = 12.43 (EV 1.66b - Net Debt 451.6m = Equity 1.21b / Shares 97.1m; r=14.14% [WACC]; 5y FCF grow -15.0% → 2.50% )
EPS Correlation: -22.14 | EPS CAGR: -3.54% | SUE: 0.13 | # QB: 0
Revenue Correlation: -40.94 | Revenue CAGR: -2.45% | SUE: 0.00 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.64 | Chg30d=-0.22% | Revisions=-20% | Analysts=6
EPS next Quarter (2026-09-30): EPS=0.68 | Chg30d=-0.91% | Revisions=-40% | Analysts=6
EPS current Year (2026-12-31): EPS=2.62 | Chg30d=-0.51% | Revisions=-27% | GrowthEPS=-10.9% | GrowthRev=-5.8%
EPS next Year (2027-12-31): EPS=2.95 | Chg30d=+0.31% | Revisions=+0% | GrowthEPS=+12.5% | GrowthRev=+4.9%
[Analyst] Revisions Ratio: -40%