NASDAQ : FIBK
First Interstate BancSystem, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 37.95 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 3.55B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 831.80M | 935.60M | 1.02B | 979.70M | 790.20M | 430.20M |
| Interest Income on Investments | 268.90M | 242.40M | 280.30M | 300.40M | 231.30M | 76.30M |
| Total Interest Income | 1.10B | 1.18B | 1.30B | 1.28B | 1.02B | 506.50M |
| Interest Paid on Deposits | 259.80M | 299.80M | 325.90M | 242.60M | 48.30M | 8.10M |
| Interest Paid on Borrowings | 25.40M | 52.80M | 155.00M | 158.70M | 30.60M | 9.20M |
| Total Interest Expense | 285.20M | 352.60M | 480.90M | 401.30M | 78.90M | 17.30M |
| Net Interest Income | 815.50M | 825.40M | 821.60M | 878.80M | 942.60M | 489.20M |
| Trust Income | 42.90M | 40.60M | 38.80M | 35.30M | 34.30M | 26.30M |
| Mortgage Banking Activities | 5.40M | 5.80M | 6.60M | 8.40M | 15.30M | 33.90M |
| Gain (Loss) on Sale of Assets | 11.10M | -8.40M | 2.90M | -700.00K | 2.00M | 1.80M |
| Gain (Loss) on Sale of Investments | -23.50M | -24.40M | 1.10M | |||
| Other Non-Interest Income | 167.30M | 168.40M | 104.10M | 104.50M | 108.00M | 63.00M |
| Total Non-Interest Income | 252.70M | 233.40M | 178.10M | 147.00M | 159.80M | 142.60M |
| Revenues Before Loan Losses | 1.07B | 1.06B | 999.70M | 1.03B | 1.10B | 631.80M |
| Provision for Loan Losses | 21.10M | 26.80M | 67.80M | 32.20M | 82.70M | -14.60M |
| Revenue | 1.05B | 1.03B | 931.90M | 993.60M | 1.02B | 646.40M |
| Salaries and Employee Benefits | 340.40M | 335.90M | 335.50M | 333.70M | 350.00M | 211.80M |
| Occupancy Expenses | 59.30M | 54.80M | 48.70M | 48.00M | 44.00M | 28.70M |
| Federal Deposit Insurance | 8.60M | 14.40M | 24.00M | 31.50M | 14.00M | 6.60M |
| Amortization of Goodwill & Intangibles | 13.20M | 13.60M | 14.60M | 15.70M | 15.90M | 9.90M |
| Selling, General & Administrative | 93.40M | 116.80M | 111.00M | 105.80M | 110.20M | 74.00M |
| Other Non-Interest Expense | 126.00M | 104.30M | 99.50M | 120.60M | 110.70M | 63.10M |
| Total Non-Interest Expense | 640.30M | 640.30M | 637.40M | 656.80M | 647.10M | 393.90M |
| EBT Excluding Unusual Items | 406.80M | 391.70M | 294.50M | 336.80M | 372.60M | 252.50M |
| Asset Writedown | 3.40M | 6.90M | ||||
| Pretax Income | 406.80M | 391.70M | 294.50M | 336.80M | 257.10M | 247.80M |
| Income Tax Expense | 91.70M | 89.60M | 68.50M | 79.30M | 54.90M | 55.70M |
| Net Income | 315.10M | 302.10M | 226.00M | 257.50M | 202.20M | 192.10M |
| Net Income to Common | 315.10M | 302.10M | 226.00M | 257.50M | 202.20M | 192.10M |
| Basic Shares Outstanding | 97.76M | 102.57M | 102.98M | 103.75M | 103.27M | 61.65M |
| Diluted Shares Outstanding | 98.06M | 102.83M | 103.19M | 103.78M | 103.34M | 61.74M |
| EPS (Basic) | 3.22 | 2.95 | 2.19 | 2.48 | 1.96 | 3.12 |
| EPS (Diluted) | 3.21 | 2.94 | 2.19 | 2.48 | 1.96 | 3.11 |
| Dividend Per Share | 1.88 | 1.88 | 1.88 | 1.88 | 1.76 | 1.64 |
| Effective Tax Rate | 22.54% | 22.88% | 23.26% | 23.54% | 21.35% | 22.48% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 1.25B | 358.30M | 378.40M | 379.00M | 351.60M | 178.70M |
| Investment Securities | 8.05B | 3.99B | 4.45B | 5.27B | 3.99B | 2.71B |
| Trading Asset Securities | 26.60M | 44.90M | 37.40M | 45.20M | 28.10M | |
| Mortgage-Backed Securities | 3.72B | 3.40B | 3.87B | 6.41B | 3.80B | |
| Total Investments | 8.05B | 7.74B | 7.89B | 9.18B | 10.44B | 6.54B |
| Gross Loans | 13.99B | 15.21B | 17.86B | 18.29B | 18.11B | 9.34B |
| Allowance for Loan Losses | -181.40M | -191.40M | -204.10M | -227.70M | -220.10M | -122.30M |
| Other Adjustments to Gross Loans | -9.10M | -8.30M | -11.10M | -12.50M | -15.60M | -12.30M |
| Net Loans | 13.80B | 15.01B | 17.64B | 18.05B | 17.88B | 9.21B |
| Property, Plant & Equipment | 405.70M | 406.60M | 427.20M | 444.30M | 444.70M | 299.60M |
| Goodwill | 1.10B | 1.10B | 1.10B | 1.10B | 621.60M | |
| Other Intangible Assets | 1.17B | 56.80M | 69.70M | 81.40M | 97.00M | 41.30M |
| Loans Held for Sale | 2.20M | 73.60M | 900.00K | 47.40M | 79.90M | 30.10M |
| Accrued Interest Receivable | 102.60M | 116.80M | 129.10M | 118.30M | 47.40M | |
| Restricted Cash | 951.40M | 518.20M | 199.00M | 518.90M | 2.17B | |
| Long-Term Deferred Tax Assets | 59.60M | 118.40M | 150.00M | 210.50M | ||
| Other Real Estate Owned & Foreclosed | 3.90M | 3.40M | 4.30M | 16.50M | 12.70M | 2.00M |
| Other Long-Term Assets | 977.50M | 670.30M | 691.10M | 670.90M | 832.50M | 485.70M |
| Total Assets | 25.77B | 26.64B | 29.14B | 30.67B | 32.29B | 19.67B |
| Accounts Payable | 82.20M | 123.70M | 156.00M | 192.50M | 72.70M | |
| Interest Bearing Deposits | 15.36B | 16.01B | 16.39B | 16.48B | 17.08B | 10.51B |
| Institutional Deposits | 584.70M | 792.90M | 825.00M | 811.60M | 438.00M | 186.70M |
| Non-Interest Bearing Deposits | 5.45B | 5.29B | 5.80B | 6.03B | 7.56B | 5.57B |
| Total Deposits | 21.39B | 22.09B | 23.02B | 23.32B | 25.07B | 16.27B |
| Short-Term Borrowings | 484.20M | 556.90M | 657.70M | 3.51B | 3.54B | 1.07B |
| Current Portion of Long-Term Debt | 99.10M | |||||
| Current Portion of Leases | 10.20M | |||||
| Accrued Interest Payable | 36.90M | 47.00M | 52.20M | 14.50M | 3.70M | |
| Other Current Liabilities | 60.40M | 73.50M | 97.10M | 93.80M | 57.50M | |
| Long-Term Debt | 146.80M | 141.70M | 28.40M | 119.90M | 119.80M | 111.40M |
| Federal Home Loan Bank Debt, Long-Term | 3.90M | 1.57B | ||||
| Long-Term Leases | 29.00M | 800.00K | 900.00K | 1.00M | 1.00M | |
| Trust Preferred Securities | 149.90M | 149.80M | 163.10M | 163.10M | 163.10M | 87.00M |
| Long-Term Deferred Tax Liabilities | 9.30M | |||||
| Other Long-Term Liabilities | 445.20M | 34.30M | 53.10M | 18.40M | 16.20M | 3.80M |
| Total Liabilities | 22.61B | 23.19B | 25.83B | 27.44B | 29.21B | 17.69B |
| Common Stock | 2.13B | 2.35B | 2.46B | 2.45B | 2.48B | 945.00M |
| Retained Earnings | 1.34B | 1.27B | 1.17B | 1.14B | 1.07B | 1.05B |
| Comprehensive Income & Other | -314.10M | -178.10M | -321.90M | -356.50M | -477.10M | -11.00M |
| Shareholders' Equity | 3.15B | 3.45B | 3.30B | 3.23B | 3.07B | 1.99B |
| Total Liabilities & Equity | 25.77B | 26.64B | 29.14B | 30.67B | 32.29B | 19.67B |
| Total Debt | 780.90M | 891.50M | 2.52B | 3.80B | 3.82B | 1.27B |
| Net Cash (Debt) | 471.70M | -506.60M | -2.10B | -3.38B | -3.43B | -1.06B |
| Net Cash Per Share | 4.81 | -4.93 | -20.32 | -32.57 | -33.16 | -17.20 |
| Filing Date Shares Outstanding | 93.52M | 101.12M | 104.53M | 103.94M | 104.44M | 62.21M |
| Total Common Shares Outstanding | 93.52M | 101.11M | 104.59M | 103.94M | 104.44M | 62.20M |
| Book Value Per Share | 33.74 | 34.09 | 31.59 | 31.05 | 29.43 | 31.94 |
| Tangible Book Value | 1.98B | 2.29B | 2.13B | 2.05B | 1.88B | 1.32B |
| Tangible Book Value Per Share | 21.20 | 22.64 | 20.40 | 19.68 | 17.96 | 21.28 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 302.10M | 226.00M | 257.50M | 202.20M | 192.10M | |
| Depreciation & Amortization | 50.80M | 57.00M | 53.80M | 55.50M | 44.40M | |
| Gain (Loss) on Sale of Assets | -53.80M | 1.00M | 1.70M | -2.00M | -2.10M | |
| Gain (Loss) on Sale of Investments | -200.00K | 1.10M | 25.90M | 41.40M | 37.70M | |
| Total Asset Writedown | -1.30M | -6.90M | ||||
| Provision for Credit Losses | 26.80M | 67.80M | 32.20M | 82.70M | -14.60M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | 900.00K | 700.00K | 8.00M | 32.10M | 66.50M | |
| Accrued Interest Receivable | 13.40M | 12.30M | -10.80M | -37.80M | 3.70M | |
| Change in Accounts Payable | -111.50M | 900.00K | -71.10M | 183.10M | -1.70M | |
| Change in Other Net Operating Assets | 73.00M | -23.20M | 80.50M | -12.90M | -16.40M | |
| Other Operating Activities | 6.10M | 6.60M | 10.70M | -17.20M | -1.10M | |
| Operating Cash Flow | 305.60M | 355.00M | 428.00M | 534.40M | 282.30M | |
| Capital Expenditures | -27.80M | -23.00M | -28.20M | -10.50M | -10.30M | |
| Cash Acquisitions | 2.01B | |||||
| Investment in Securities | 302.80M | 1.35B | 1.48B | -1.87B | -2.58B | |
| Divestitures | -279.10M | |||||
| Purchase / Sale of Intangibles | 1.40M | |||||
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 2.16B | 372.30M | -185.80M | -951.40M | 467.80M | |
| Other Investing Activities | 154.90M | 49.90M | -19.40M | -127.90M | 1.00M | |
| Investing Cash Flow | 2.31B | 1.76B | 1.25B | -949.00M | -2.12B | |
| Short-Term Debt Issued | 28.90M | |||||
| Long-Term Debt Issued | 125.00M | 253.90M | 276.00M | 2.34B | ||
| Total Debt Issued | 125.00M | 253.90M | 276.00M | 2.37B | ||
| Short-Term Debt Repaid | -44.30M | -258.80M | -270.20M | -40.30M | ||
| Long-Term Debt Repaid | -1.68B | -1.29B | -100.00K | -164.10M | ||
| Total Debt Repaid | -1.72B | -1.54B | -270.30M | -164.10M | -40.30M | |
| Net Debt Issued (Repaid) | -1.60B | -1.29B | 5.70M | 2.21B | -40.30M | |
| Issuance of Common Stock | 100.00K | 400.00K | ||||
| Repurchase of Common Stock | -121.90M | -1.20M | -34.00M | -199.00M | -5.40M | |
| Common Dividends Paid | -194.30M | -195.90M | -195.10M | -182.10M | -101.60M | |
| Net Increase (Decrease) in Deposit Accounts | -285.70M | -307.50M | -1.75B | -2.88B | 2.05B | |
| Other Financing Activities | -2.80M | -800.00K | ||||
| Financing Cash Flow | -2.20B | -1.80B | -1.97B | -1.06B | 1.91B | |
| Net Cash Flow | 413.10M | 318.60M | -292.50M | -1.47B | 68.00M | |
| Free Cash Flow | 277.80M | 332.00M | 399.80M | 523.90M | 272.00M | |
| Free Cash Flow Margin | 26.92% | 35.63% | 40.24% | 51.38% | 42.08% | |
| Free Cash Flow Per Share | 2.70 | 3.22 | 3.85 | 5.07 | 4.41 | |
| Cash Interest Paid | 362.40M | 475.70M | 363.60M | 32.00M | 19.30M | |
| Cash Income Tax Paid | 36.60M | 34.30M | 51.20M | 57.80M | 56.80M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.61B | 3.56B | 3.39B | 3.23B | 4.04B | 2.53B |
| Last Close Price | 37.65 | 33.33 | 29.38 | 26.01 | 30.52 | 30.77 |
| PE Ratio | 12.03 | 11.78 | 15.02 | 12.54 | 19.96 | 13.17 |
| PS Ratio | 3.43 | 3.45 | 3.64 | 3.25 | 3.96 | 3.91 |
| PB Ratio | 1.12 | 1.03 | 1.03 | 1.00 | 1.31 | 1.27 |
| P/FCF Ratio | 14.75 | 12.81 | 10.22 | 8.08 | 7.71 | 9.30 |
| P/OCF Ratio | 13.20 | 11.65 | 9.56 | 7.54 | 7.55 | 8.96 |
| Debt / Equity Ratio | 0.25 | 0.26 | 0.76 | 1.18 | 1.24 | 0.64 |
| Debt / FCF Ratio | 3.21 | 7.59 | 9.50 | 7.30 | 4.66 | |
| Net Debt / Equity Ratio | -0.15 | 0.15 | 0.64 | 1.05 | 1.11 | 0.54 |
| Net Debt / FCF Ratio | 1.82 | 6.32 | 8.46 | 6.54 | 3.90 | |
| Return on Equity (ROE) | 9.54% | 8.95% | 6.92% | 8.17% | 7.99% | 9.74% |
| Return on Assets (ROA) | 1.19% | 1.08% | 0.76% | 0.82% | 0.78% | 1.03% |
| Earnings Yield | 8.31% | 8.49% | 6.66% | 7.98% | 5.01% | 7.59% |
| FCF Yield | 6.78% | 7.80% | 9.78% | 12.38% | 12.98% | 10.75% |
| Dividend Yield | 4.87% | 5.34% | 5.79% | 6.05% | 4.55% | 4.03% |
| Payout Ratio | 58.55% | 64.32% | 86.68% | 75.77% | 90.06% | 52.89% |
| Buyback Yield / Dilution | 5.17% | 0.35% | 0.57% | -0.43% | -67.38% | 3.12% |
| Total Shareholder Return | 10.07% | 5.69% | 6.36% | 5.63% | -62.82% | 7.15% |