Tearsheet

First Interstate BancSystem (FIBK)


Market Price (12/29/2025): $35.94 | Market Cap: $3.7 Bil
Sector: Financials | Industry: Regional Banks

First Interstate BancSystem (FIBK)


Market Price (12/29/2025): $35.94
Market Cap: $3.7 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.


0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 5.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.7%, FCF Yield is 8.3%
Trading close to highs
Dist 52W High is -0.4%, Dist 3Y High is -0.4%
Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.6%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -34%
Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -66%
Key risks
FIBK key risks include [1] deteriorating asset quality and weak organic loan production, Show more.
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%
Moderate capital ratio
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12%
 
3 Low stock price volatility
Vol 12M is 34%
  
4 Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 22%
  
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
  
0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 5.3%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.7%, FCF Yield is 8.3%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -34%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 33%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 31%
3 Low stock price volatility
Vol 12M is 34%
4 Uninsured deposits are low
Uninsured Deposits Ratio %Fraction of deposits that exceed the insurance deposit thresholds. For example, the FDIC protects deposits up to $250K. A high uninsured deposits ratio indicates large accounts and greater potential exposure to bank run risk. is 22%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, Digital Payments, and Wealth Management Technology.
6 Trading close to highs
Dist 52W High is -0.4%, Dist 3Y High is -0.4%
7 Weak multi-year price returns
2Y Excs Rtn is -14%, 3Y Excs Rtn is -66%
8 Moderate capital ratio
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 12%
9 Weak revenue growth
Rev Chg QQuarterly Revenue Change % is -0.6%
10 Key risks
FIBK key risks include [1] deteriorating asset quality and weak organic loan production, Show more.

Valuation, Metrics & Events

FIBK Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

Here are the key points for why First Interstate BancSystem (FIBK) stock moved by approximately 11.4% between August 31, 2025, and December 29, 2025:

1. Exceeding Earnings Per Share Expectations. First Interstate BancSystem reported strong third-quarter 2025 earnings per share (EPS) of $0.69, significantly surpassing analyst expectations of $0.62 and the Zacks Consensus Estimate of $0.59. This beat by 11.29% to 16.95% signaled better-than-anticipated profitability.

2. Improvement in Net Interest Margin (NIM). The company demonstrated an increase in its net interest margin, reaching 3.34% for the third quarter of 2025. This represented a 4-basis point increase from the previous quarter and a 33-basis point rise from the third quarter of 2024, primarily driven by a decrease in interest expense from reduced average other borrowed funds balances.

Show more

Stock Movement Drivers

Fundamental Drivers

The 12.0% change in FIBK stock from 9/28/2025 to 12/28/2025 was primarily driven by a 7.1% change in the company's Net Income Margin (%).
928202512282025Change
Stock Price ($)32.0835.9312.00%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1008.501007.10-0.14%
Net Income Margin (%)22.76%24.37%7.08%
P/E Multiple14.4315.104.64%
Shares Outstanding (Mil)103.26103.150.10%
Cumulative Contribution12.00%

LTM = Last Twelve Months as of date shown

Market Drivers

9/28/2025 to 12/28/2025
ReturnCorrelation
FIBK12.0% 
Market (SPY)4.3%50.9%
Sector (XLF)3.3%70.1%

Fundamental Drivers

The 30.1% change in FIBK stock from 6/29/2025 to 12/28/2025 was primarily driven by a 15.5% change in the company's P/E Multiple.
629202512282025Change
Stock Price ($)27.6235.9330.10%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)1004.501007.100.26%
Net Income Margin (%)21.68%24.37%12.38%
P/E Multiple13.0715.1015.54%
Shares Outstanding (Mil)103.09103.15-0.06%
Cumulative Contribution30.10%

LTM = Last Twelve Months as of date shown

Market Drivers

6/29/2025 to 12/28/2025
ReturnCorrelation
FIBK30.1% 
Market (SPY)12.6%48.3%
Sector (XLF)7.4%64.4%

Fundamental Drivers

The 18.1% change in FIBK stock from 12/28/2024 to 12/28/2025 was primarily driven by a 13.5% change in the company's P/E Multiple.
1228202412282025Change
Stock Price ($)30.4235.9318.11%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)990.701007.101.66%
Net Income Margin (%)23.76%24.37%2.55%
P/E Multiple13.3115.1013.50%
Shares Outstanding (Mil)102.97103.15-0.18%
Cumulative Contribution18.11%

LTM = Last Twelve Months as of date shown

Market Drivers

12/28/2024 to 12/28/2025
ReturnCorrelation
FIBK18.1% 
Market (SPY)17.0%63.1%
Sector (XLF)15.3%70.1%

Fundamental Drivers

The 12.9% change in FIBK stock from 12/29/2022 to 12/28/2025 was primarily driven by a 40.4% change in the company's Net Income Margin (%).
1229202212282025Change
Stock Price ($)31.8335.9312.89%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)965.001007.104.36%
Net Income Margin (%)17.36%24.37%40.38%
P/E Multiple20.2415.10-25.38%
Shares Outstanding (Mil)106.53103.153.17%
Cumulative Contribution12.78%

LTM = Last Twelve Months as of date shown

Market Drivers

12/29/2023 to 12/28/2025
ReturnCorrelation
FIBK33.1% 
Market (SPY)48.4%54.1%
Sector (XLF)51.8%69.5%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
FIBK Return3%4%0%-15%13%18%21%
Peers Return16%38%-12%21%26%16%150%
S&P 500 Return16%27%-19%24%23%18%114%

Monthly Win Rates [3]
FIBK Win Rate42%58%50%42%50%50% 
Peers Win Rate52%65%42%68%57%52% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
FIBK Max Drawdown-37%-5%-19%-42%-19%-25% 
Peers Max Drawdown-34%-5%-26%-7%-9%-23% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: HPQ, HPE, IBM, CSCO, AAPL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 12/26/2025 (YTD)

How Low Can It Go

Unique KeyEventFIBKS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-57.1%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven133.3%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-38.4%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven62.4%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven300 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-25.4%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven34.0%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven793 days120 days

Compare to HPQ, HPE, IBM, CSCO, AAPL

In The Past

First Interstate BancSystem's stock fell -57.1% during the 2022 Inflation Shock from a high on 3/12/2021. A -57.1% loss requires a 133.3% gain to breakeven.

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About First Interstate BancSystem (FIBK)

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 various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, and other operational 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, 2021, it operated 147 banking offices, including detached drive-up facilities in communities across Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. The company was incorporated in 1971 and is headquartered in Billings, Montana.

AI Analysis | Feedback

Here are 1-3 brief analogies for First Interstate BancSystem (FIBK):

  • It's like a regional Wells Fargo serving the Western United States.
  • Think of it as a smaller, more localized U.S. Bancorp for the Rocky Mountain and Pacific Northwest regions.

AI Analysis | Feedback

  • Deposit Accounts: Services for individuals and businesses to hold funds, including checking, savings, money market, and certificate of deposit accounts.
  • Lending Services: Provision of various types of loans, such as commercial, agricultural, real estate, mortgage, and consumer loans.
  • Wealth Management & Trust Services: Financial planning, investment management, and trust administration offerings for individuals and institutions.
  • Treasury Management Services: Solutions for businesses to manage cash flow, process payments, and protect against fraud.

AI Analysis | Feedback

First Interstate BancSystem (FIBK) is a regional bank holding company. As such, it does not have "major customers" in the traditional sense of a few specific corporate entities that constitute the bulk of its sales. Instead, it provides a diverse range of financial products and services to a broad and diversified client base, serving both individuals and businesses directly.

Its customer base can be primarily categorized as follows:

  1. Individual Consumers: This category includes everyday individuals and households who utilize the bank's personal banking products and services. These offerings typically include checking accounts, savings accounts, money market accounts, personal loans, residential mortgages, home equity loans, and credit cards.
  2. Commercial Clients: This segment serves a wide array of businesses, from small to medium-sized enterprises to larger corporations, as well as municipalities and other institutional entities. The services provided encompass commercial and industrial loans, commercial real estate loans, construction loans, agricultural loans, business deposit accounts, and treasury management services.
  3. Wealth Management Clients: For individuals and families with significant assets and more complex financial needs, First Interstate BancSystem offers specialized wealth management services. These services include financial planning, investment management, and trust services, designed to help clients manage and grow their wealth.

AI Analysis | Feedback

  • Fiserv, Inc. (FI)
  • Visa Inc. (V)
  • Mastercard Incorporated (MA)

AI Analysis | Feedback

James A. Reuter, President and Chief Executive Officer

Mr. Reuter assumed the role of President and Chief Executive Officer of First Interstate BancSystem, Inc. in November 2024. He brings over 37 years of experience in the banking industry. Prior to joining First Interstate, Mr. Reuter served as President and Chief Executive Officer of FirstBank Holding Company of Colorado for seven years, where he led the company through a period of significant growth, increasing its total assets from $17 billion to more than $28 billion. His career at FirstBank began in 1987, and he previously held the position of Chief Operating Officer, overseeing various divisions including loan/mortgage operations, information technology, digital banking, payments, and treasury management. He has also been actively involved in the banking industry, serving on the Board of Directors of the American Bankers Association (ABA) and its various committees.

David P. Della Camera, Executive Vice President and Chief Financial Officer

Mr. Della Camera became Executive Vice President and Chief Financial Officer of First Interstate BancSystem, Inc. in June 2025, succeeding Marcy D. Mutch. He joined First Interstate in 2021 and previously held senior finance leadership roles within the company, including Deputy CFO. In his role as Deputy CFO, Mr. Della Camera was responsible for the company’s financial planning and analysis, investor relations, and strategic initiatives, including mergers and acquisitions. He also served as the company's Director of Corporate Development and Financial Strategy, and Director of Financial Planning and Analysis. Before joining First Interstate, Mr. Della Camera held various roles in financial analysis and strategic planning at other banking and financial institutions.

Lorrie F. Asker, Executive Vice President and Co-Chief Banking Officer

Ms. Asker has served as Executive Vice President and Co-Chief Banking Officer since September 2025. She possesses over 25 years of experience in the banking and financial services industry. Before her tenure at First Interstate, Ms. Asker was the Executive Vice President, Commercial and Business Banking Director at Cadence Bank (formerly BancorpSouth Bank) from 2017 to 2022. She also held various leadership positions in commercial banking at Capital One Bank and JPMorgan Chase & Co.

Christopher L. Shepler, Executive Vice President and Co-Chief Banking Officer

Mr. Shepler has been Executive Vice President and Co-Chief Banking Officer since September 2025. He brings more than 30 years of leadership experience across commercial, business, wealth, and consumer/small business banking. Prior to joining First Interstate, Mr. Shepler served as Executive Vice President, Head of Small Business and Business Banking at Regions Bank from 2017 to 2022. His previous experience includes senior leadership positions at Capital One Bank, JPMorgan Chase & Co., and Bank of America.

Kristina R. Robbins, Executive Vice President and Chief Operations Officer

Ms. Robbins has held the position of Executive Vice President and Chief Operations Officer since January 2024. She has extensive banking experience spanning 25 years in various leadership capacities. Prior to her current role, Ms. Robbins was First Interstate’s Senior Vice President and Chief Operations Officer from June 2022 to January 2024, and Director of Loan Operations from August 2018 to March 2022, where she was responsible for the strategic direction and operational execution of the company’s lending support functions. Before joining First Interstate, Ms. Robbins held various operational leadership roles at U.S. Bank.

AI Analysis | Feedback

The key risks to First Interstate BancSystem's business operations include asset quality deterioration and challenges in loan production, economic volatility and interest rate changes, and a highly competitive landscape with declining deposits.

1. Asset Quality Deterioration and Loan Production Challenges
First Interstate BancSystem is facing deteriorating asset quality metrics, with a significant increase in criticized and non-performing loans. Criticized loans increased by $252.8 million during the first quarter of 2025, and non-performing loans rose by $53.6 million. This trend, particularly in commercial real estate, signals potential margin pressure and a heightened risk of credit loss provisions, which could negatively impact earnings. The company has also experienced a faster-than-anticipated balance sheet contraction, primarily due to lower-than-expected organic loan production. Persistent declines in certain loan categories and an overexposure to slower-growth markets are noted as key headwinds, potentially limiting revenue generation capabilities.

2. Economic Volatility and Interest Rate Changes
The company operates in an environment where economic fluctuations, including interest rate changes and inflation, can significantly impact its business. These factors can directly affect the bank's interest margins and the overall quality of its loan portfolio. First Interstate BancSystem has already highlighted challenges in managing interest income and expenses, and has experienced a decline in total interest income, particularly from loans and investment securities.

3. Competitive Landscape and Deposit Declines
First Interstate BancSystem operates within a highly competitive banking industry, facing pressure from both traditional banks and emerging fintech companies that offer innovative financial products and services. To maintain its competitive position, FIBK needs to continually invest in technology, enhance its product offerings, and deliver exceptional customer service. Furthermore, the bank is contending with declining deposits, with a notable portion of its deposits being uninsured (34.9% at the end of the most recent quarter). This organic decline in deposits poses a challenge to the bank's funding and liquidity.

AI Analysis | Feedback

Clear emerging threats for First Interstate BancSystem (FIBK) include:

  • Neobanks and Digital-First Fintechs: These companies (e.g., Chime, Ally Bank, Varo) leverage technology to offer banking services primarily through digital channels, often with lower fees, higher interest rates on deposits, and more seamless user experiences. This model directly challenges traditional regional banks like FIBK by attracting customers, particularly younger demographics, who prioritize digital convenience over physical branch access, potentially eroding FIBK's deposit base and lending opportunities.
  • Big Tech Companies Entering Financial Services: Technology giants such as Apple (e.g., Apple Card, Apple Savings account with Goldman Sachs), Google, and Amazon are increasingly expanding their financial service offerings. Leveraging their vast customer bases, extensive data, and advanced technological capabilities, these companies have the potential to rapidly scale competitive products in areas like payments, lending, and deposits, directly encroaching on FIBK's core business areas without the overhead of traditional banking infrastructure.

AI Analysis | Feedback

First Interstate BancSystem (FIBK) operates primarily as a community bank, offering a range of financial products and services to individuals, businesses, municipalities, and other entities across 14 states in the Western and Midwestern United States. Its main products and services can be categorized into commercial banking, consumer/retail banking, and wealth management.

  • Regional Banking Industry: As a regional bank, First Interstate BancSystem operates within the broader U.S. regional banking market. The market size of the Regional Banks industry in the United States is estimated at $406.5 billion in 2025.

  • Commercial Banking Services: First Interstate BancSystem provides commercial loans, business lending, and services for businesses and government entities. The U.S. commercial banking market size is estimated at USD 732.5 billion in 2025, with a forecast to reach USD 915.45 billion by 2030. Another source estimates the market size of the Commercial Banking industry in the United States to be $1.6 trillion in 2025.

  • Consumer/Retail Banking Services: The company offers various consumer and retail banking products such as checking and savings accounts, mortgages, auto loans, and credit cards. The United States retail banking market is valued at approximately USD 0.87 trillion (or $870 billion) in 2025 and is projected to reach USD 1.08 trillion by 2030.

  • Wealth Management Services: First Interstate BancSystem's offerings include trust administration, investment management, and financial planning. The North American wealth management market was valued at $937.45 billion in 2023.

AI Analysis | Feedback

First Interstate BancSystem (FIBK) is expected to drive future revenue growth over the next 2-3 years through several key strategies:
  • Net Interest Margin (NIM) Expansion: The company anticipates sequential improvements in its net interest margin, driven by the repricing of maturing assets at higher rates and a reduction in interest expenses due to decreased borrowings. This is expected to provide an earnings tailwind through 2026 and into 2027.
  • Organic Loan Growth: While recent periods have seen some loan portfolio reductions, First Interstate BancSystem projects a return to organic loan growth by 2026. The company plans to achieve this by carefully controlled organic loan generation and by deploying capital into markets with high-growth opportunities.
  • Strategic Market Focus and Branch Optimization: First Interstate BancSystem is actively streamlining its operations through branch divestitures in some regions (such as Arizona, Kansas, and Nebraska). The aim is to reinvest in and enhance branch density within strategic, higher-growth potential markets, which is expected to increase operational efficiency and improve capital allocation.
  • Deposit Base Expansion and Management: Maintaining a strong and stable deposit base, coupled with ongoing efforts to grow low-cost deposits, is a critical component of the company's strategy to support net interest income growth. Management expects low single-digit deposit growth in 2025, with gains in the second half of the year.

AI Analysis | Feedback

Share Repurchases

  • First Interstate BancSystem's board authorized a new $150 million stock repurchase program in August 2025, valid through March 31, 2027.
  • The company completed a 1,800,000 share repurchase program as part of its third-quarter 2025 results.
  • In 2022, First Interstate BancSystem repurchased 5 million shares of its common stock at an average price of $39.46 per share.

Share Issuance

  • In February 2022, the acquisition of Great Western Bancorp, Inc. involved the issuance of 46.9 million shares of the company's Class A common stock, valued at $36.76 per share, as part of the approximately $1.7 billion consideration.

Outbound Investments

  • In October 2025, First Interstate Bank completed the divestiture of twelve branches in Arizona and Kansas to Enterprise Bank & Trust, which included the transfer of approximately $300 million in loans and $645 million in deposits.
  • In October 2025, First Interstate Bank also entered into an agreement to sell 11 Nebraska branches to Security First Bank, a transaction expected to close in early 2026, involving approximately $280 million in deposits and $70 million in loans.
  • First Interstate BancSystem completed the acquisition of Great Western Bank in February 2022 for approximately $1.7 billion.

Trade Ideas

Select ideas related to FIBK. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
WU_11212025_Dip_Buyer_FCFYield11212025WUWestern UnionDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
14.5%14.5%-0.4%
COIN_11212025_Monopoly_xInd_xCD_Getting_Cheaper11212025COINCoinbase GlobalMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-1.5%-1.5%-1.5%
PYPL_11142025_Dip_Buyer_FCFYield11142025PYPLPayPalDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
-4.5%-4.5%-7.5%
V_11142025_Monopoly_xInd_xCD_Getting_Cheaper11142025VVisaMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
7.6%7.6%-2.7%
WD_11072025_Dip_Buyer_ValueBuy11072025WDWalker & DunlopDip BuyDB | P/E OPMDip Buy with Low PE and High Margin
Buying dips for companies with tame PE and meaningfully high operating margin
-11.1%-11.1%-12.1%

Recent Active Movers

More From Trefis

Peer Comparisons for First Interstate BancSystem

Peers to compare with:

Financials

FIBKHPQHPEIBMCSCOAAPLMedian
NameFirst In.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Price35.9323.2624.49305.0978.16273.4057.05
Mkt Cap3.721.932.6284.9309.24,074.4158.8
Rev LTM1,00755,29534,29665,40257,696408,62556,496
Op Inc LTM-3,6241,64411,54412,991130,21411,544
FCF LTM3072,80062711,85412,73396,1847,327
FCF 3Y Avg3492,9781,40011,75313,879100,5037,366
CFO LTM3343,6972,91913,48313,744108,5658,590
CFO 3Y Avg3723,6723,89613,49814,736111,5598,697

Growth & Margins

FIBKHPQHPEIBMCSCOAAPLMedian
NameFirst In.HP Hewlett .Internat.Cisco Sy.Apple  
Rev Chg LTM1.7%3.2%13.8%4.5%8.9%6.0%5.2%
Rev Chg 3Y Avg1.7%-3.9%6.5%2.6%3.7%1.8%2.2%
Rev Chg Q-0.6%4.2%14.4%9.1%7.5%9.6%8.3%
QoQ Delta Rev Chg LTM-0.1%1.1%3.7%2.1%1.8%2.1%2.0%
Op Mgn LTM-6.6%4.8%17.7%22.5%31.9%17.7%
Op Mgn 3Y Avg-7.4%7.2%16.4%24.2%30.8%16.4%
QoQ Delta Op Mgn LTM--0.2%-1.4%0.6%0.4%0.1%0.1%
CFO/Rev LTM33.1%6.7%8.5%20.6%23.8%26.6%22.2%
CFO/Rev 3Y Avg36.2%6.8%12.7%21.4%26.1%28.4%23.8%
FCF/Rev LTM30.5%5.1%1.8%18.1%22.1%23.5%20.1%
FCF/Rev 3Y Avg33.9%5.5%4.6%18.6%24.6%25.6%21.6%

Valuation

FIBKHPQHPEIBMCSCOAAPLMedian
NameFirst In.HP Hewlett .Internat.Cisco Sy.Apple  
Mkt Cap3.721.932.6284.9309.24,074.4158.8
P/S3.70.41.04.45.410.04.0
P/EBIT-6.819.925.122.531.322.5
P/E15.18.6572.736.029.941.033.0
P/CFO11.15.911.221.122.537.516.2
Total Yield11.9%14.1%2.3%5.0%5.4%2.8%5.2%
Dividend Yield5.3%2.5%2.1%2.2%2.1%0.4%2.1%
FCF Yield 3Y Avg11.9%10.6%5.5%6.4%6.0%3.1%6.2%
D/E0.10.50.70.20.10.00.2
Net D/E-0.30.30.60.20.00.00.1

Returns

FIBKHPQHPEIBMCSCOAAPLMedian
NameFirst In.HP Hewlett .Internat.Cisco Sy.Apple  
1M Rtn9.4%-3.6%12.7%-1.1%1.6%-2.0%0.2%
3M Rtn12.0%-11.9%2.7%7.9%17.0%7.1%7.5%
6M Rtn30.1%-4.0%34.5%6.6%15.2%36.3%22.7%
12M Rtn18.1%-27.0%16.2%40.5%34.5%7.5%17.1%
3Y Rtn12.9%-3.7%67.3%141.3%79.6%114.1%73.5%
1M Excs Rtn6.0%-5.6%12.9%-2.2%-0.0%-3.7%-1.1%
3M Excs Rtn7.7%-16.2%-1.7%3.6%12.7%2.8%3.2%
6M Excs Rtn17.8%-16.3%22.3%-5.7%3.0%24.0%10.4%
12M Excs Rtn1.6%-42.9%-0.7%25.0%19.9%-8.4%0.4%
3Y Excs Rtn-66.0%-83.5%-11.2%59.6%-1.2%28.4%-6.2%

FDIC Bank Data

Financials

Segment Financials

Revenue by Segment
$ Mil20242023202220212020
Community Banking1,0261,106639654638
Total1,0261,106639654638


Price Behavior

Price Behavior
Market Price$35.93 
Market Cap ($ Bil)3.7 
First Trading Date03/24/2010 
Distance from 52W High-0.4% 
   50 Days200 Days
DMA Price$32.71$29.46
DMA Trendupup
Distance from DMA9.9%21.9%
 3M1YR
Volatility31.5%33.9%
Downside Capture108.59109.86
Upside Capture141.28109.31
Correlation (SPY)49.9%63.1%
FIBK Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta1.151.381.261.471.131.18
Up Beta-0.660.801.202.071.061.25
Down Beta0.951.461.511.531.171.10
Up Capture221%163%104%139%112%112%
Bmk +ve Days12253873141426
Stock +ve Days10212863117365
Down Capture134%142%124%115%113%106%
Bmk -ve Days7162452107323
Stock -ve Days9203462130379

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of FIBK With Other Asset Classes (Last 1Y)
 FIBKSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return17.2%16.3%17.8%72.1%8.6%4.4%-8.2%
Annualized Volatility33.7%19.0%19.4%19.3%15.2%17.0%35.0%
Sharpe Ratio0.510.670.722.700.340.09-0.08
Correlation With Other Assets 70.0%63.0%-1.9%19.9%54.3%20.9%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of FIBK With Other Asset Classes (Last 5Y)
 FIBKSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return3.5%16.1%14.7%18.7%11.5%4.6%30.8%
Annualized Volatility33.7%18.9%17.1%15.5%18.7%18.9%48.6%
Sharpe Ratio0.170.710.700.970.500.160.57
Correlation With Other Assets 62.7%45.9%0.1%10.5%43.2%16.7%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of FIBK With Other Asset Classes (Last 10Y)
 FIBKSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return6.9%13.2%14.8%15.3%7.0%5.3%69.2%
Annualized Volatility32.8%22.3%18.0%14.7%17.6%20.8%55.8%
Sharpe Ratio0.290.550.710.860.320.220.90
Correlation With Other Assets 68.9%53.3%-9.6%17.2%46.4%12.8%

ETFs used for asset classes: Sector ETF = XLF, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date12152025
Short Interest: Shares Quantity8,147,898
Short Interest: % Change Since 1130202558.1%
Average Daily Volume2,672,488
Days-to-Cover Short Interest3.05
Basic Shares Quantity103,153,579
Short % of Basic Shares7.9%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/29/2025-2.7%1.1%11.4%
4/29/2025-5.7%-4.5%-0.4%
1/10/2025-4.1%2.2%2.6%
10/24/2024-3.3%-3.8%9.1%
7/25/20240.6%-7.6%-2.8%
4/24/20241.4%3.3%3.8%
1/30/2024-5.7%-10.1%-8.2%
10/25/20238.7%6.5%19.3%
...
SUMMARY STATS   
# Positive81114
# Negative161310
Median Positive1.2%3.3%9.2%
Median Negative-2.5%-3.6%-5.2%
Max Positive8.7%8.6%19.3%
Max Negative-10.8%-10.1%-11.2%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251106202510-Q 9/30/2025
6302025806202510-Q 6/30/2025
3312025507202510-Q 3/31/2025
12312024228202510-K 12/31/2024
93020241104202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024503202410-Q 3/31/2024
12312023229202410-K 12/31/2023
93020231103202310-Q 9/30/2023
6302023804202310-Q 6/30/2023
3312023505202310-Q 3/31/2023
12312022224202310-K 12/31/2022
93020221107202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022509202210-Q 3/31/2022
12312021225202210-K 12/31/2021