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Earnings transcript
Read the complete earnings call transcript.
FIBK
First Interstate BancSystem, Inc.
$33.48
-0.07
(-0.21%)
| Exchange: | NASDAQ |
| Market Cap: | 3.385B |
| Shares Outstanding: | 0 |
About The Company
| Sector: | Financial Services | |||||
| Industry: | Banks – Regional | |||||
| CEO: | James A. Reuter | |||||
| Full Time Employees: | 3481 | |||||
| Address: |
| |||||
| Website: | https://www.fibk.com |
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.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 1,427,100 | 1,480,600 | 1,058,300 |
| Gross Profit | 993,600 | 931,900 | 1,031,500 |
| EBITDA | 390,600 | 351,500 | 391,700 |
| Operating Income | 336,800 | 294,500 | 391,700 |
| Net Income | 257,500 | 226,000 | 302,100 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 30,671,200 | 29,137,400 | 26,640,600 |
| Total Liabilities | 27,443,700 | 25,833,400 | 23,193,600 |
| Total Stockholders Equity | 3,227,500 | 3,304,000 | 3,447,000 |
| Total Debt | 3,669,600 | 2,386,700 | 146,300 |
| Cash and Cash Equivalents | 577,900 | 896,500 | 358,200 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 428,000 | 355,000 | 346,300 |
| Capital Expenditure | -28,200 | -23,000 | 0 |
| Free Cash Flow | 399,800 | 332,000 | 346,300 |
| Net Income | 257,500 | 226,000 | 302,100 |
| Net Change in Cash | -292,500 | 318,600 | 34,900 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2028 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 1,081,975.451 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 1,081,975.453 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 1,081,975.452 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 344,180.429 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 344,180.429 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 344,180.429 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 330,375.440 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 338,978.281 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 334,676.861 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 340,396.222 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 340,396.223 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 340,396.222 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 3.260 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 3.300 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 3.210 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 2 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Solid Financial Performance: FIBK reported a stable net income in Q2 2025, as highlighted in the earnings call transcript, reflecting consistent profitability. Key metrics such as revenue and operating income from recent income statements indicate a steady operational base, supporting investor confidence.
- Strong Capital Position: The earnings call emphasized a robust capital position, which provides a buffer against economic uncertainties and supports potential dividend sustainability, as evidenced by a competitive dividend yield (TTM) in the key metrics.
- Positive Free Cash Flow: Cash flow statements show consistent free cash flow generation, with a notable free cash flow yield (TTM), indicating the company’s ability to fund operations, dividends, and potential growth initiatives without excessive reliance on external financing.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates FIBK intrinsic value between $40.21 – $47.34 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
Common questions about FIBK valuation
Is First Interstate BancSystem, Inc. (FIBK) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for First Interstate BancSystem, Inc. (FIBK) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is FIBK a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether FIBK trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is FIBK’s P/E ratio?
You can see FIBK’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for FIBK?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is FIBK a good long-term investment?
Whether FIBK fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
FIBK
1-day price chart preview. Log in for 1W through 5Y ranges and period tabs.
Daily snapshot
-0.21
Trading Metrics:
| Open: | 33.58 | Previous Close: | 33.55 | |
| Day Low: | 32.77 | Day High: | 33.7 | |
| Year Low: | 22.95 | Year High: | 39.26 | |
| Price Avg 50: | 35.4 | Price Avg 200: | 32.91 | |
| Volume: | 1.193M | Average Volume: | 1.277M |
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Login — it's freeFIBK full analysis
Welcome to MARKETSNAP’s SWOT analysis for First Interstate BancSystem, or FIBK as it’s known on the ticker. If you’re not familiar with this name, let me give you the quick rundown. First Interstate BancSystem is a regional banking powerhouse based in the United States, operating in the financial services sector with a focus on community banking. They’ve got a solid footprint, serving customers across multiple states with a wide range of banking products and services. With thousands of full-time employees…
