Company Analysis

First Interstate BancSystem, Inc. (FIBK)

Nasdaq: FIBK · State Commercial Banks · Billings, MT · filing with the SEC since 1996
Grade4.8
◀ Past 5.0● Present 4.7▶ Future 4.3

The grade of First Interstate BancSystem, Inc.

Nine metrics read from its own filings, by tense
Headline grade
4.8/10
◀ Past5.040% of the headline
● Present4.735% of the headline
▶ Future4.325% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

All nine metrics read as filed from the record.

◀ Past

What did they actually do?

5.0/1040% of the headline grade · 3 of 3 filed

Surviving crises

as filed
3.5/10

Has it survived what it has been through?

1 warning event since 2017; the latest 2023-11-30.

weight 45% of this tense · 35th percentile among 165 sector filers · read for itself

From the record

First Interstate BancSystem, Inc.'s filings since 2017 show 1 warning event: an auditor change (8-K item 4.01, the latest 2023-11-30) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
3.9/10

What has it actually done, year after year?

+16.5% a year over 10 filed years; profitable in 10 of 10.

weight 22% of this tense · 39th percentile among 152 sector filers · read for its customers

From the record

First Interstate BancSystem, Inc.'s 10 filed years say what it did: revenue went from $297 million in fiscal 2016 to $1.2 billion in fiscal 2025, up 16.5% a year; it rose in 6 of 9 years; the deepest fall was 10% from fiscal 2024 to fiscal 2025; net income was positive in 10 of 10 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span16.5%top 36% of its family
  • the share of years revenue rosebottom 8% of its family
  • the share of filed years with a profittop 44% of its family
  • the deepest fall from a revenue peak9.6%bottom 29% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
7.8/10

How has it treated the people who own it?

Share count shrank 0.2% a year. 68% of cash flow returned. Insiders: 7 sales, 0 purchases.

weight 33% of this tense · 78th percentile among 157 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, First Interstate BancSystem, Inc.'s diluted share count shrank about 0.2% a year, and dividends and buybacks returned about 68% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 7 sales and 0 purchases of their own stock on the open market in the year to 2026-11-10 (their Form 4 filings).

What it rests on

  • the share count over the yearstop 39% of its family
  • cash returned against operating cash flowtop 5% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.7/1035% of the headline grade · 3 of 3 filed

Financial health

as filed
6.2/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 87%: owes 87¢ per asset dollar.

weight 45% of this tense · 62nd percentile among 161 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, First Interstate BancSystem, Inc. earned about 9 cents of profit for every dollar of shareholders' money. Leverage: it owed about 87 cents per dollar of assets, and net share issuance: its share count shrank 0.3% over the year (the filed statements).

What it rests on

  • what it owes per dollar of assetstop 21% of its family
  • return on equitybottom 36% of its family
  • the share count against the year beforetop 31% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed
5.3/10

How strong is its position in its industry?

top 47% of 155 in its family; net margin 25.6%.

weight 33% of this tense · 53rd percentile among 155 sector filers · read for its customers

From the record

First Interstate BancSystem, Inc.'s standing among 155 graded names in its industry family: revenue of $1.2 billion in fiscal 2025 ranks in the top 19% by size; a net margin of 25.6% ranks in the top 30%; revenue growth of 4.9% a year over the last 3 filed years ranks in the bottom 7% (its annual reports).

What it rests on

  • revenue against the family$1.18Btop 19% of its family
  • net margin25.6%top 30% of its family
  • three-year revenue growth4.9%bottom 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
0.9/10

What are the people in charge doing?

bottom 9% of 150 in its family for leadership; chief executive since 2024.

weight 22% of this tense · 9th percentile among 150 sector filers · read for its shareholders

From the record

First Interstate BancSystem, Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Reuter, James A (President and CEO, as filed), filing under that title since 2024-11-05, 2 years (bottom 14% of its family); the 25 officers and directors filing in the last fifteen months have been on the record a median of 4.5 years (bottom 10%); 22 officer or director changes were reported on Form 8-K since 2023-11-13, against the 25 people in charge now (bottom 2%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge22 in three years among 25 peoplebottom 2% of its family
  • the median years the people in charge have filed4.5 yearsbottom 10% of its family
  • the chief executive's years on the record2.0 yearsbottom 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

4.3/1025% of the headline grade · 3 of 3 filed

Room to expand

as filed
6.1/10

How much room does it have to grow?

top 39% of 142 in its family for room to expand.

weight 33% of this tense · 61st percentile among 142 sector filers · read for itself

From the record

First Interstate BancSystem, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $1.3 billion against debt of $146 million leaves 4.4% of its assets as net cash, top 38% of its family; cash from operations less capital spending is 25.9% of revenue (top 41%) (its annual report).

What it rests on

  • cash less debt against assets4.4%top 38% of its family
  • cash from operations less capital spending against revenue25.9%top 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
0.2/10

What could actually drive growth from here?

bottom 2% of 152 in its family for growth drivers.

weight 33% of this tense · 2nd percentile among 152 sector filers · read for its customers

From the record

First Interstate BancSystem, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 4.9% a year over the last three filed years against 16.5% over all 10, slowing (bottom 2% of its family); the newest year grew -9.6% (bottom 2%) (its annual reports). First Interstate BancSystem, Inc. tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

  • three-year growth against the whole span-11.7 points a yearbottom 2% of its family
  • the newest year's revenue growth-9.6%bottom 2% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
6.7/10

Did its newest year beat what its own record pointed to?

top 33% of 150 in its family for expectations against reality.

weight 33% of this tense · 67th percentile among 150 sector filers · read for its shareholders

From the record

First Interstate BancSystem, Inc.'s newest year against its own record: revenue of $1.2 billion in fiscal 2025 came in 19.9% below the $1.5 billion its prior three years' pace pointed to (bottom 28% of its family); net income of $302 million against a prior three-year average of $229 million (top 22%); a net margin of 25.6% against 19.1% before (top 4%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace-19.9%bottom 28% of its family
  • net income against the prior three years' average+32%top 22% of its family
  • net margin against its prior average+6.6 pointstop 4% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton FIBK · research, not advice