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 |
|---|---|---|---|
| 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 |
| 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 |
3/A - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
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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)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
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
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
Enterprise Financial Services Corp ("Enterprise") (NASDAQ:EFSC) and First Interstate BancSystem, Inc. ("First Interstate") (NASDAQ:FIBK) have announced the signing of a purchase and assumption agreement by their respective wholly-owned subsidiaries, Enterprise Bank & Trust and First Interstate Bank, pursuant to which Enterprise Bank & Trust will acquire twelve branches from First Interstate Bank. The acquisition consists of two separate franchises, with ten branches in Arizona and two branches in Kansas. The purchase and assumption agreement provides for the transfer by First Interstate Bank to Enterprise Bank & Trust of the facilities and other associated assets of the branches, approximat
Enterprise Financial Services Corp ("Enterprise") (NASDAQ:EFSC) and First Interstate BancSystem, Inc. ("First Interstate") (NASDAQ:FIBK) have announced the signing of a purchase and assumption agreement by their respective wholly-owned subsidiaries, Enterprise Bank & Trust and First Interstate Bank, pursuant to which Enterprise Bank & Trust will acquire twelve branches from First Interstate Bank. The acquisition consists of two separate franchises, with ten branches in Arizona and two branches in Kansas. The purchase and assumption agreement provides for the transfer by First Interstate Bank to Enterprise Bank & Trust of the facilities and other associated assets of the branches, approximat
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Tuesday, April 29, 2025. A conference call for investors is scheduled for Wednesday, April 30, 2025, 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 800-549-8228; the Conference ID is 81085. To participate via the Internet, visit www.FIBK.com. A telephone r
First Interstate BancSystem, Inc. (NASDAQ:FIBK) ("First Interstate" or the "Company") announced today that Marcy D. Mutch notified the Company of her intention to retire as a full-time employee at the end of 2025 after more than 18 years of faithful service to the Company, and to step down after a transition period as the Company's Executive Vice President and Chief Financial Officer (CFO) effective May 31, 2025. Ms. Mutch has agreed to serve as an executive advisor to the Company through the end of 2025 after she steps down from her executive officer role, during which time she will be expected to assist the Company with, among other things, providing strategic continuity and high-level su
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the fourth quarter of 2024. For the quarter, the Company reported net income of $52.1 million, or $0.50 per diluted share, which compares to net income of $55.5 million, or $0.54 per diluted share, for the third quarter of 2024 and net income of $61.5 million, or $0.59 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported net income of $226.0 million, or $2.19 per diluted share, compared to $257.5 million, or $2.48 per diluted share, for the year ended December 31, 2023. HIGHLIGHTS We are pleased to announce the appointment of Ja
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report fourth quarter results after the market closes on Wednesday, January 29, 2025. A conference call for investors is scheduled for Thursday, January 30, 2025 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 800-549-8228; the Conference ID is 47891. To participate via the Internet, visit www.FIBK
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
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DEFA14A - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Filer)
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
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report first quarter results after the market closes on Tuesday, April 29, 2025. A conference call for investors is scheduled for Wednesday, April 30, 2025, 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 800-549-8228; the Conference ID is 81085. To participate via the Internet, visit www.FIBK.com. A telephone r
First Interstate BancSystem, Inc. (NASDAQ:FIBK) (the "Company") today reported financial results for the fourth quarter of 2024. For the quarter, the Company reported net income of $52.1 million, or $0.50 per diluted share, which compares to net income of $55.5 million, or $0.54 per diluted share, for the third quarter of 2024 and net income of $61.5 million, or $0.59 per diluted share, for the fourth quarter of 2023. For the year ended December 31, 2024, the Company reported net income of $226.0 million, or $2.19 per diluted share, compared to $257.5 million, or $2.48 per diluted share, for the year ended December 31, 2023. HIGHLIGHTS We are pleased to announce the appointment of Ja
First Interstate BancSystem, Inc. (NASDAQ:FIBK), parent company of First Interstate Bank, will report fourth quarter results after the market closes on Wednesday, January 29, 2025. A conference call for investors is scheduled for Thursday, January 30, 2025 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 800-549-8228; the Conference ID is 47891. To participate via the Internet, visit www.FIBK
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
4 - FIRST INTERSTATE BANCSYSTEM INC (0000860413) (Issuer)
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
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