FIRST INTERSTATE BANCSYSTEM INC FIBK
We are a financial and bank holding company focused on community banking. Since our incorporation in Montana in 1971, we have grown both organically and through strategic acquisitions. As of February 20, 2026, we operated 290 banking offices, including branches and detached drive-up facilities, in communities across 12 states— Colorado, Idaho, Iowa, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyoming. Through our bank subsidiary, First Interstate Bank, we deliver a comprehensive range of banking products and services—including online and mobile banking—to individuals, businesses, government entities, and others throughout our market areas.
We are proud to provide financial services and products to clients that participate in a wide variety of industries, including:
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.18B | $1.30B | $1.28B | $1.02B | $506.5M | $524.4M | $554.0M | $473.4M | $377.8M | $297.4M |
| Interest expense | $825.4M | $821.6M | $878.8M | $942.6M | $17.3M | $26.6M | $59.0M | $40.9M | $28.0M | $17.6M |
| Pre-tax income | $391.7M | $294.5M | $336.8M | $257.1M | $247.8M | $209.3M | $235.1M | $206.3M | $156.7M | $145.3M |
| Income tax | $89.6M | $68.5M | $79.3M | $54.9M | $55.7M | $48.1M | $54.1M | $46.1M | $50.2M | $49.6M |
| Net income | $302.1M | $226.0M | $257.5M | $202.2M | $192.1M | $161.2M | $181.0M | $160.2M | $106.5M | $95.7M |
| EPS, basic | 2.95 | 2.19 | 2.48 | 1.96 | 3.12 | 2.53 | 2.84 | 2.77 | 2.07 | 2.15 |
| EPS, diluted | 2.94 | 2.19 | 2.48 | 1.96 | 3.11 | 2.53 | 2.83 | 2.75 | 2.05 | 2.13 |
| Shares, diluted (wtd. avg.) | $102.8M | $103.2M | $103.8M | $103.3M | $61.7M | $63.7M | $63.9M | $58.2M | $51.9M | $44.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.31B | $896.6M | $578.0M | $870.5M | $2.34B | $2.28B | $1.08B | $822.0M | $758.9M | $782.0M |
| Property, plant and equipment | $406.6M | $427.2M | $444.3M | $444.7M | $299.6M | $312.3M | $306.0M | $245.2M | $241.9M | $194.5M |
| Goodwill | $1.10B | $1.10B | $1.10B | $1.10B | $621.6M | $621.6M | $621.6M | $546.7M | $444.7M | $212.8M |
| Other intangibles | $53.3M | $66.8M | $81.4M | $97.0M | $41.3M | — | — | — | — | — |
| Total assets | $26.64B | $29.14B | $30.67B | $32.29B | $19.67B | $17.65B | $14.64B | $13.30B | $12.21B | $9.06B |
| Long-term debt | — | — | $99.0M | $98.9M | $98.7M | $98.6M | $0 | — | — | — |
| Total liabilities | $23.19B | $25.83B | $27.44B | $29.21B | $17.69B | $15.69B | $12.63B | $11.61B | $10.79B | $8.08B |
| Retained earnings | $1.27B | $1.17B | $1.14B | $1.07B | $1.05B | $962.1M | $953.6M | $851.8M | $752.6M | $694.6M |
| Total equity | $3.45B | $3.30B | $3.23B | $3.07B | $1.99B | $1.96B | $2.01B | $1.69B | $1.43B | $982.6M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $305.6M | $355.0M | $428.0M | $534.4M | $282.3M | $268.3M | $127.3M | $219.0M | $154.6M | $118.0M |
| Depreciation and amortisation | $50.8M | $57.0M | $53.8M | $55.5M | $44.4M | $45.1M | $38.7M | $27.6M | $18.4M | $19.5M |
| Stock-based compensation | $13.3M | $11.8M | $4.7M | $9.6M | $8.9M | $7.5M | $8.0M | $5.6M | $3.9M | $4.4M |
| Investing cash flow | $2.31B | $1.76B | $1.25B | -$949.0M | -$2.12B | -$1.87B | -$16.8M | -$181.1M | -$130.6M | -$143.1M |
| Financing cash flow | -$2.20B | -$1.80B | -$1.97B | -$1.06B | $1.91B | $2.80B | $144.3M | $25.2M | -$47.1M | $26.6M |
| Dividends paid | $194.3M | $195.9M | $195.1M | $182.1M | $101.6M | $128.6M | $79.2M | $64.1M | $48.6M | $39.4M |
| Buybacks | $121.9M | $1.2M | $34.0M | $199.0M | $5.4M | $116.8M | $2.5M | $1.0M | $1.3M | $26.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0000860413-26-000025.
Others in SIC 6022
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| BNY | Bank of New York Mellon Corp | $111.84B | 22.3x | 7.8% |
| STT | STATE STREET CORP | $53.36B | 20.7x | 7.3% |
| FITB | FIFTH THIRD BANCORP | $49.76B | 15.5x | -5.0% |
| MTB | M&T BANK CORP | $34.64B | 14.1x | 7.5% |
| NTRS | NORTHERN TRUST CORP | $34.15B | 21.4x | 6.1% |
| CFG | CITIZENS FINANCIAL GROUP INC/RI | $29.81B | 18.3x | 6.7% |
| FCNCA | FIRST CITIZENS BANCSHARES INC /DE/ | $25.48B | 13.4x | -2.2% |
| EWBC | EAST WEST BANCORP INC | $17.92B | 13.7x | 2.4% |