First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers deposit products that include checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors. The company's loan portfolio consists of real estate loans, including commercial real estate, construction, land development, residential, agricultural, and other real estate loans; consumer loans; commercial loans; and other loans, including fixed and variable rate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations, which include the administration of estates and personal trusts; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and insurance planning. In addition, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, and loan collection services, as well as online and mobile banking services. It serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, energy, governmental services, healthcare, hospitality, housing, mining, professional services, real estate development, retail, technology, tourism, and wholesale trade. As of December 31, 2020, the company operated 150 banking offices located in Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. First Interstate BancSystem, Inc. was incorporated in 1971 and is headquartered in Billings, Montana.
IPO Year: 2010
Exchange: NASDAQ
Website: FIBK.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2024 | $32.00 → $30.00 | Equal Weight → Underweight | Barclays |
| 10/1/2024 | $30.00 → $28.00 | Equal Weight → Underweight | Wells Fargo |
| 3/8/2024 | $28.00 | Equal Weight | Barclays |
| 10/4/2023 | $25.00 | Overweight → Equal Weight | Wells Fargo |
| 3/15/2023 | $33.00 | Neutral | UBS |
| 2/1/2023 | $44.00 → $43.00 | Equal-Weight → Overweight | Stephens |
| 1/30/2023 | $49.00 → $38.00 | Outperform → Mkt Perform | Keefe Bruyette |
| 5/3/2022 | $42.00 | Neutral → Buy | Janney |
| 5/2/2022 | $45.00 | Mkt Perform → Outperform | Keefe Bruyette |
| 2/11/2022 | $43.00 | Mkt Perform | Keefe Bruyette |
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the third quarter of 2024. For the quarter, the Company reported net income of $55.5 million, or $0.54 per share, which compares to net income of $60.0 million, or $0.58 per share, for the second quarter of 2024 and net income of $72.7 million, or $0.70 per share, for the third quarter of 2023. HIGHLIGHTS Appointed James A. Reuter as the Company's President and Chief Executive Officer, effective end of day November 1, 2024. Net interest margin increased to 3.01% for the third quarter of 2024, a 4-basis point increase from the second quarter of 2024. Net interest margin, on a fully taxab
First Interstate BancSystem, Inc. (NASDAQ:FIBK) ("First Interstate or the "Company") announced today the appointment of James (Jim) A. Reuter as President and Chief Executive Officer, effective November 1, 2024, replacing Kevin P. Riley, whose retirement was announced earlier this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009144202/en/Jim Reuter (Photo: Business Wire) "After a thorough and comprehensive search, the Board of Directors is thrilled to welcome Jim to First Interstate," said Stephen B. Bowman, First Interstate's Board Chair. "Having spent more than 37 years in the banking industry, Jim is a proven leader
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report third quarter results after the market closes on Thursday, October 24, 2024. A conference call for investors is scheduled for Friday, October 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 800-343-4136; the Conference ID is FIBANC. To participate via the Internet, visit www.FIBK.com. A telephone
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the second quarter of 2024. For the quarter, the Company reported net income of $60.0 million, or $0.58 per share, which compares to net income of $58.4 million, or $0.57 per share, for the first quarter of 2024 and net income of $67.0 million, or $0.65 per share, for the second quarter of 2023. HIGHLIGHTS Criticized loans decreased $12.0 million at June 30, 2024, compared to March 31, 2024, driven by loan upgrades, payoffs, and charge-offs. Non-performing assets decreased $14.5 million at June 30, 2024, compared to March 31, 2024, driven primarily by the paydown of nonaccrual loans
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Thursday, July 25, 2024. A conference call for investors is scheduled for Friday, July 26, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 800-274-8461; the Conference ID is FIBANC. To participate via the Internet, visit www.FIBK.com. A telephone rep
First Interstate BancSystem, Inc. (NASDAQ:FIBK) ("First Interstate" or the "Company") announced today the upcoming retirement of President and Chief Executive Officer Kevin P. Riley and has initiated a search for his successor. Riley will continue to serve in his role as President and CEO until a successor is appointed. Riley joined First Interstate in 2013 as Executive Vice President and the Chief Financial Officer before becoming President and CEO in 2015. "On behalf of the Board, I would like to thank Kevin for his unwavering commitment to excellence and his leadership of First Interstate," said Stephen B. Bowman, Chair of the Board, First Interstate BancSystem, Inc. "We are initiati
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the first quarter of 2024. For the quarter, the Company reported net income of $58.4 million, or $0.57 per share, which compares to net income of $61.5 million, or $0.59 per share, for the fourth quarter of 2023 and net income of $56.3 million, or $0.54 per share, for the first quarter of 2023. HIGHLIGHTS Criticized loans decreased $58.3 million at March 31, 2024, compared to December 31, 2023, driven by loan upgrades and payoffs. Non-performing assets increased $61.6 million at March 31, 2024, compared to December 31, 2023, driven primarily by one non-accrual commercial and industri
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Wednesday, April 24, 2024. A conference call for investors is scheduled for Thursday, April 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 800-274-8461; the Conference ID is FIBANC. To participate via the Internet, visit www.FIBK.com. A telephone
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the fourth quarter of 2023. For the quarter, the Company reported net income of $61.5 million, or $0.59 per share, which compares to net income of $72.7 million, or $0.70 per share, for the third quarter of 2023, and net income of $85.8 million, or $0.82 per share, for the fourth quarter of 2022. Results in the fourth quarter of 2022 include pre-tax acquisition costs of $3.9 million, which reduced earnings by $0.03 per share. For the year ending December 31, 2023, the Company reported net income of $257.5 million, or $2.48 per share, compared to $202.2 million, or $1.96 per share, in 2022.
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report fourth quarter results after the market closes on Tuesday, January 30, 2024. A conference call for investors is scheduled for Wednesday, January 31, 2024, at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly and year-end results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 1-888-259-6580; the conference ID is 16247616. To participate via the Internet, visit www
First Interstate BancSystem, Inc. (NASDAQ:FIBK) ("First Interstate or the "Company") announced today the appointment of James (Jim) A. Reuter as President and Chief Executive Officer, effective November 1, 2024, replacing Kevin P. Riley, whose retirement was announced earlier this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241009144202/en/Jim Reuter (Photo: Business Wire) "After a thorough and comprehensive search, the Board of Directors is thrilled to welcome Jim to First Interstate," said Stephen B. Bowman, First Interstate's Board Chair. "Having spent more than 37 years in the banking industry, Jim is a proven leader
PLANO, Texas, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Katapult, a lease-to-own platform that integrates with major e-commerce platforms to power online shopping for non-prime customers, today announced the appointment of Joyce Phillips and Jane J. Thompson to its Board of Directors, effective immediately. Ms. Phillips and Ms. Thompson were appointed to the class of directors that will stand for election at the 2022 Annual Meeting of Stockholders. "Both executives are accomplished business leaders and seasoned board members with an impressive record of achievement at the intersection of technology, finance, retail and banking," said Orlando Zayas, CEO of Katapult. "Their fresh perspective will b
10-Q - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
8-K - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
8-K - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
10-Q - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
8-K - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
8-K - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
8-K - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
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8-K - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
DEFA14A - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
3 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the third quarter of 2024. For the quarter, the Company reported net income of $55.5 million, or $0.54 per share, which compares to net income of $60.0 million, or $0.58 per share, for the second quarter of 2024 and net income of $72.7 million, or $0.70 per share, for the third quarter of 2023. HIGHLIGHTS Appointed James A. Reuter as the Company's President and Chief Executive Officer, effective end of day November 1, 2024. Net interest margin increased to 3.01% for the third quarter of 2024, a 4-basis point increase from the second quarter of 2024. Net interest margin, on a fully taxab
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report third quarter results after the market closes on Thursday, October 24, 2024. A conference call for investors is scheduled for Friday, October 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 800-343-4136; the Conference ID is FIBANC. To participate via the Internet, visit www.FIBK.com. A telephone
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the second quarter of 2024. For the quarter, the Company reported net income of $60.0 million, or $0.58 per share, which compares to net income of $58.4 million, or $0.57 per share, for the first quarter of 2024 and net income of $67.0 million, or $0.65 per share, for the second quarter of 2023. HIGHLIGHTS Criticized loans decreased $12.0 million at June 30, 2024, compared to March 31, 2024, driven by loan upgrades, payoffs, and charge-offs. Non-performing assets decreased $14.5 million at June 30, 2024, compared to March 31, 2024, driven primarily by the paydown of nonaccrual loans
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report second quarter results after the market closes on Thursday, July 25, 2024. A conference call for investors is scheduled for Friday, July 26, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 800-274-8461; the Conference ID is FIBANC. To participate via the Internet, visit www.FIBK.com. A telephone rep
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the first quarter of 2024. For the quarter, the Company reported net income of $58.4 million, or $0.57 per share, which compares to net income of $61.5 million, or $0.59 per share, for the fourth quarter of 2023 and net income of $56.3 million, or $0.54 per share, for the first quarter of 2023. HIGHLIGHTS Criticized loans decreased $58.3 million at March 31, 2024, compared to December 31, 2023, driven by loan upgrades and payoffs. Non-performing assets increased $61.6 million at March 31, 2024, compared to December 31, 2023, driven primarily by one non-accrual commercial and industri
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Wednesday, April 24, 2024. A conference call for investors is scheduled for Thursday, April 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 800-274-8461; the Conference ID is FIBANC. To participate via the Internet, visit www.FIBK.com. A telephone
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the fourth quarter of 2023. For the quarter, the Company reported net income of $61.5 million, or $0.59 per share, which compares to net income of $72.7 million, or $0.70 per share, for the third quarter of 2023, and net income of $85.8 million, or $0.82 per share, for the fourth quarter of 2022. Results in the fourth quarter of 2022 include pre-tax acquisition costs of $3.9 million, which reduced earnings by $0.03 per share. For the year ending December 31, 2023, the Company reported net income of $257.5 million, or $2.48 per share, compared to $202.2 million, or $1.96 per share, in 2022.
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report fourth quarter results after the market closes on Tuesday, January 30, 2024. A conference call for investors is scheduled for Wednesday, January 31, 2024, at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly and year-end results. There will be a question-and-answer session following the presentation. The conference call will be accessible by telephone and through the Internet. Shareholders, analysts, and other interested parties are invited to join the call by dialing 1-888-259-6580; the conference ID is 16247616. To participate via the Internet, visit www
NEW YORK, Dec. 08, 2023 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the fourth quarter of 2023. This quarter, there are constituent changes within four of our indexes: the KBW Nasdaq Financial Sector Dividend Yield Index (Index Ticker: KDX, ETF Ticker: KBWD), KBW Nasdaq Financial Technology Index (Index Ticker: KFTX, ETF Ticker: FTEK.LN), KBW Nasdaq Global Bank Index (Index Ticker: GBKX), and KBW Nasdaq Premium Yield Equity REIT Index (Index Ticker: KYX, ETF Ticker: KBWY). There are a num
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the third quarter of 2023. For the quarter, the Company reported net income of $72.7 million, or $0.70 per share, which compares to net income of $67.0 million, or $0.65 per share, for the second quarter of 2023, and net income of $85.7 million, or $0.80 per share, for the third quarter of 2022. There were no pre-tax acquisition costs in the second and third quarters of 2023, compared to pre-tax acquisition costs of $4.0 million in the third quarter of 2022, which were related to the acquisition of Great Western Bancorp, Inc. ("Great Western"), the parent company of Great Western Bank ("GW
Barclays downgraded First Interstate Bancsystem from Equal Weight to Underweight and set a new price target of $30.00 from $32.00 previously
Wells Fargo downgraded First Interstate Bancsystem from Equal Weight to Underweight and set a new price target of $28.00 from $30.00 previously
Barclays initiated coverage of First Interstate Bancsystem with a rating of Equal Weight and set a new price target of $28.00
Wells Fargo downgraded First Interstate Bancsystem from Overweight to Equal Weight and set a new price target of $25.00
UBS initiated coverage of First Interstate Bancsystem with a rating of Neutral and set a new price target of $33.00
Stephens upgraded First Interstate Bancsystem from Equal-Weight to Overweight and set a new price target of $43.00 from $44.00 previously
Keefe Bruyette downgraded First Interstate Bancsystem from Outperform to Mkt Perform and set a new price target of $38.00 from $49.00 previously
Janney upgraded First Interstate Bancsystem from Neutral to Buy and set a new price target of $42.00
Keefe Bruyette upgraded First Interstate Bancsystem from Mkt Perform to Outperform and set a new price target of $45.00
Keefe Bruyette resumed coverage of First Interstate Bancsystem with a rating of Mkt Perform and set a new price target of $43.00
First Interstate BancSys's (NYSE:FIBK) short percent of float has risen 8.66% since its last report. The company recently reported that it has 2.20 million shares sold short, which is 2.76% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.69 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Shor
Throughout the last three months, 7 analysts have evaluated First Interstate BancSys (NASDAQ:FIBK), offering a diverse set of opinions from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 3 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 1 1 0 0 2M Ago 0 0 0 0 0 3M Ago 0 2 2 0 0 Analysts have recently evaluated First Interstate BancSys and provided 12-month price targets. The average target is $30.43, accompanied by a high estimate of $37.00 and a low estimate of $25.00. Surpa
Wells Fargo analyst Timur Braziler maintains First Interstate BancSys (NASDAQ:FIBK) with a Equal-Weight and raises the price target from $24 to $25.
Stephens & Co. analyst Andrew Terrell reiterates First Interstate BancSys (NASDAQ:FIBK) with a Overweight and maintains $32 price target.
6 analysts have shared their evaluations of First Interstate BancSys (NASDAQ:FIBK) during the recent three months, expressing a mix of bullish and bearish perspectives. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 4 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 0 0 0 2M Ago 0 2 2 0 0 3M Ago 0 0 1 0 0 In the assessment of 12-month price targets, analysts unveil insights for First Interstate BancSys, presenting an average target of $30.0, a high estimate of $37.00, and a low estimate o
Keefe, Bruyette & Woods analyst Christopher Mcgratty maintains First Interstate BancSys (NASDAQ:FIBK) with a Market Perform and maintains $29 price target.
First Interstate BancSystem, Inc. (NASDAQ:FIBK) ("First Interstate" or the "Company") announced today the upcoming retirement of President and Chief Executive Officer Kevin P. Riley and has initiated a search for his successor. Riley will continue to serve in his role as President and CEO until a successor is appointed. Riley joined First Interstate in 2013 as Executive Vice President and the Chief Financial Officer before becoming President and CEO in 2015.
Piper Sandler analyst Matthew Clark maintains First Interstate BancSys (NASDAQ:FIBK) with a Overweight and raises the price target from $32 to $37.
In the last three months, 5 analysts have published ratings on First Interstate BancSys (NASDAQ:FIBK), offering a diverse range of perspectives from bullish to bearish. The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 4 0 0 Last 30D 0 0 2 0 0 1M Ago 0 1 1 0 0 2M Ago 0 0 1 0 0 3M Ago 0 0 0 0 0 Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $28.4, with a high estimate of $32.00 and a low estimate of $24.00. Observing a 7.86%
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