DA Davidson upgraded First Interstate Bancsystem from Neutral to Buy and set a new price target of $42.00 from $32.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/23/2025 | $32.00 | Outperform | Keefe Bruyette |
| 12/17/2024 | Neutral | UBS | |
| 11/26/2024 | $32.00 → $42.00 | Neutral → Buy | DA Davidson |
| 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 |
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
Keefe Bruyette resumed coverage of First Interstate Bancsystem with a rating of Outperform and set a new price target of $32.00
UBS resumed coverage of First Interstate Bancsystem with a rating of Neutral
DA Davidson upgraded First Interstate Bancsystem from Neutral to Buy and set a new price target of $42.00 from $32.00 previously
3/A - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
3 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
8-K - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
424B5 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
8-K - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today announced the pricing of its public offering of $125 million aggregate principal amount of 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035 (the "Notes"). The price to the public for the Notes was 100% of the principal amount of the Notes. Interest on the Notes will accrue at a rate equal to (i) 7.625% per annum from the original issue date to, but excluding, June 15, 2030, payable semiannually in arrears, and (ii) a floating rate per annum equal to a benchmark rate, which is expected to be Three-Month Term SOFR (as defined in the Notes), plus a spread of 398 basis points from, and including, June 15, 2030, payab
First Interstate BancSystem, Inc. (NASDAQ:FIBK) ("First Interstate" or the "Company") announced that effective June 1, 2025, David P. Della Camera has succeeded Marcy D. Mutch as the Company's Executive Vice President and Chief Financial Officer (CFO). This transition completes the Company's previously announced CFO succession plan, which was announced in February 2025. Mr. Della Camera joined First Interstate in 2021 and has held a range of senior finance leadership roles at the Company, most recently serving as Deputy CFO. In this role, Mr. Della Camera was responsible for First Interstate's financial planning and analysis, investor relations, and strategic initiatives including mergers
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the first quarter of 2025. For the quarter, the Company reported net income of $50.2 million, or $0.49 per diluted share, which compares to net income of $52.1 million, or $0.50 per diluted share, for the fourth quarter of 2024 and net income of $58.4 million, or $0.57 per diluted share, for the first quarter of 2024. HIGHLIGHTS Net interest margin increased to 3.19% for the first quarter of 2025, a 1-basis point increase from the fourth quarter of 2024 and a 28-basis point increase from the first quarter of 2024. Adjusted net FTE interest margin1 increased to 3.14% for the first quarter