NasdaqGS:FIBK

Stock Analysis Report

First Interstate BancSystem

Executive Summary

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.

Snowflake

Fundamentals

Flawless balance sheet and fair value.


Similar Companies

Share Price & News

How has First Interstate BancSystem's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

1.8%

NasdaqGS:FIBK

3.3%

US Banks

2.1%

US Market


1 Year Return

-15.2%

NasdaqGS:FIBK

-13.8%

US Banks

-0.04%

US Market

FIBK matched the Banks industry (-14.8%) over the past year.

FIBK underperformed the Market in United States of America which returned 0.2% over the past year.


Share holder returns

FIBKIndustryMarket
7 Day1.8%3.3%2.1%
30 Day-2.3%-7.0%-3.2%
90 Day2.4%-2.3%2.8%
1 Year-12.7%-15.2%-11.3%-13.8%2.2%-0.04%
3 Year40.3%29.2%42.5%32.7%41.5%32.3%
5 Year70.4%48.0%54.2%37.6%55.0%37.8%

Price Volatility Vs. Market

How volatile is First Interstate BancSystem's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First Interstate BancSystem undervalued based on future cash flows and its price relative to the stock market?

28%

Discount to future cash flow value


Intrinsic Value Based on Future Cash Flows

First Interstate BancSystem's share price is below the future cash flow value, and at a moderate discount (> 20%).

First Interstate BancSystem's share price is below the future cash flow value, but not at a substantial discount (< 40%).


Price Based on Earnings

First Interstate BancSystem is overvalued based on earnings compared to the US Banks industry average.

First Interstate BancSystem is good value based on earnings compared to the United States of America market.


Price Based on Expected Growth

First Interstate BancSystem is good value based on expected growth next year.


Price Based on Value of Assets

First Interstate BancSystem is overvalued based on assets compared to the US Banks industry average.


Next Steps

Future Growth

How is First Interstate BancSystem expected to perform in the next 1 to 3 years based on estimates from 8 analysts?

16.3%

Forecasted annual earnings growth


Earnings and Revenue Growth Estimates


Future Annual Growth Analysis

First Interstate BancSystem's revenue is expected to grow by 5.2% yearly, however this is not considered high growth (20% yearly).

First Interstate BancSystem's earnings are expected to grow by 16.3% yearly, however this is not considered high growth (20% yearly).

First Interstate BancSystem's revenue growth is positive but not above the United States of America market average.

First Interstate BancSystem's earnings growth is expected to exceed the United States of America market average.

First Interstate BancSystem's earnings growth is expected to exceed the low risk savings rate of 2.7%.


Earnings per Share Growth Estimates


Future Return on Equity

Unable to establish if First Interstate BancSystem will efficiently use shareholders’ funds in the future without estimates of Return on Equity.


Next Steps

Past Performance

How has First Interstate BancSystem performed over the past 5 years?

15.5%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

First Interstate BancSystem's year on year earnings growth rate has been positive over the past 5 years.

First Interstate BancSystem's 1-year earnings growth is less than its 5-year average (15.3% vs 15.5%)

First Interstate BancSystem's earnings growth has not exceeded the US Banks industry average in the past year (15.3% vs 33.2%).


Return on Equity

First Interstate BancSystem has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).


Return on Assets

First Interstate BancSystem used its assets more efficiently than the US Banks industry average last year based on Return on Assets.


Return on Capital Employed

Unable to establish if First Interstate BancSystem improved its use of capital last year versus 3 years ago (Return on Capital Employed) due to insufficient past data.


Next Steps

Financial Health

How is First Interstate BancSystem's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Information is not available.

Information is not available.


Financial Institutions Analysis

First Interstate BancSystem has an acceptable proportion of non-loan assets held.

First Interstate BancSystem has a sufficient allowance for bad loans.

First Interstate BancSystem's liabilities are made up of primarily low risk sources of funding.

First Interstate BancSystem's level of assets compared to its equity is low (i.e. an appropriate level of borrowing to fund lending).

Loans at First Interstate BancSystem are broadly funded by customer deposits.

First Interstate BancSystem has an acceptable level of bad loans (less than 2%).


Next Steps

Dividend

What is First Interstate BancSystem's current dividend yield, its reliability and sustainability?

3.24%

Expected Dividend Yield


Dividend Yield and Payments Analysis

First Interstate BancSystem's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.49%).

First Interstate BancSystem's dividend is below the markets top 25% of dividend payers in United States of America (3.84%).

Whilst dividend payments have been stable, First Interstate BancSystem has been paying a dividend for less than 10 years.

Dividend payments have increased, but First Interstate BancSystem only paid a dividend in the past 9 years.


Current Payout to Shareholders

Dividends paid are well covered by earnings (2.2x coverage).


Future Payout to Shareholders

Insufficient estimate data to determine if a dividend will be paid in 3 years and that it will be sustainable.


Next Steps

Management

What is the CEO of First Interstate BancSystem's salary, the management and board of directors tenure and is there insider trading?

3.8yrs

Average management tenure


CEO

Kevin Riley (59yo)

3.9yrs

Tenure

US$2,498,077

Compensation

Mr. Kevin P. Riley has been the Chief Executive Officer and President of First Interstate Bancsystem, Inc. since September 23, 2015. Mr. Riley served as the Chief Financial Officer and Executive Vice Presi ...


CEO Compensation Analysis

Kevin's remuneration is lower than average for companies of similar size in United States of America.

Kevin's compensation has increased by more than 20% in the past year whilst earnings grew less than 20%.


Management Age and Tenure

3.8yrs

Average Tenure

53.5yo

Average Age

The tenure for the First Interstate BancSystem management team is about average.


Board Age and Tenure

3.8yrs

Average Tenure

63yo

Average Age

The tenure for the First Interstate BancSystem board of directors is about average.


Insider Trading

More shares have been bought than sold by First Interstate BancSystem individual insiders in the past 3 months, but not in substantial volumes.


Recent Insider Transactions

BuyUS$37,80512 Jun 19
Peter Wold
EntityIndividual
Shares1,000
Max PriceUS$37.81
SellUS$196,80023 May 19
Kevin Riley
EntityIndividual
Role
Chief Executive Officer
President
Shares5,000
Max PriceUS$39.36
SellUS$89,12601 May 19
Philip Gaglia
EntityIndividual
Role
Senior Key Executive
Executive VP & Chief Risk Officer
Shares2,112
Max PriceUS$42.20
SellUS$92,85514 Mar 19
Ross Leckie
EntityIndividual
Role
Member of the Board of Directors
Director
Shares2,204
Max PriceUS$42.13
SellUS$644,66412 Mar 19
Jonathan Scott
EntityIndividual
Shares15,670
Max PriceUS$41.14
SellUS$128,10023 Nov 18
Jonathan Scott
EntityIndividual
Shares3,000
Max PriceUS$42.70
SellUS$501,22816 Nov 18
Homer Scott
EntityIndividual
Shares11,700
Max PriceUS$42.84
BuyUS$40,73602 Nov 18
Kevin Riley
EntityIndividual
Role
Chief Executive Officer
President
Shares975
Max PriceUS$41.78
SellUS$291,55002 Nov 18
Kevin Riley
EntityIndividual
Role
Chief Executive Officer
President
Shares7,000
Max PriceUS$41.65

Ownership Breakdown


Management Team

  • Mike Hickey

    Missoula Regional President

    • Tenure: 0.0yrs
  • Kevin Riley (59yo)

    President

    • Tenure: 3.9yrs
    • Compensation: US$2.50m
  • Kade Peterson (54yo)

    Executive VP & Chief Information Officer

    • Tenure: 1.3yrs
  • Marcy Mutch (60yo)

    Executive VP & CFO

    • Tenure: 3.9yrs
    • Compensation: US$827.42k
  • Jodi Hubbell (53yo)

    Executive VP & COO

    • Tenure: 1.6yrs
    • Compensation: US$774.09k
  • Phil Gaglia (55yo)

    Executive VP & Chief Risk Officer

    • Tenure: 7.6yrs
    • Compensation: US$556.61k
  • Bill Gottwals (50yo)

    Executive VP & Director of Banking

    • Tenure: 3.8yrs
    • Compensation: US$638.37k
  • Kirk Jensen (48yo)

    Executive VP

    • Tenure: 0.0yrs
    • Compensation: US$660.78k
  • Margie Morse

    VP & Investor Relations Officer

    • Tenure: 0.0yrs
  • Renee Newman (49yo)

    Executive VP & Chief Banking Officer

    • Tenure: 0.0yrs

Board Members

  • Patti Moss (65yo)

    Director

    • Tenure: 2.3yrs
    • Compensation: US$70.28k
  • Randy Scott (65yo)

    Director

    • Tenure: 0.3yrs
    • Compensation: US$10.88k
  • Jim Scott (69yo)

    Chairman of the Board

    • Tenure: 3.6yrs
    • Compensation: US$230.00k
  • John Heyneman (52yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$53.09k
  • Teresa Taylor (55yo)

    Lead Independent Director

    • Tenure: 1.6yrs
    • Compensation: US$80.59k
  • Kevin Riley (59yo)

    President

    • Tenure: 3.9yrs
    • Compensation: US$2.50m
  • Ross Leckie (61yo)

    Director

    • Tenure: 10.3yrs
    • Compensation: US$106.51k
  • Steve Corning (66yo)

    Director

    • Tenure: 11.3yrs
    • Compensation: US$122.56k
  • Dave Jahnke (66yo)

    Director

    • Tenure: 7.9yrs
    • Compensation: US$83.72k
  • Dana Filip-Crandall (54yo)

    Director

    • Tenure: 5.3yrs
    • Compensation: US$80.60k

Company Information

First Interstate BancSystem, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First Interstate BancSystem, Inc.
  • Ticker: FIBK
  • Exchange: NasdaqGS
  • Founded: 1971
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$2.560b
  • Shares outstanding: 65.23m
  • Website: https://www.firstinterstatebank.com

Number of Employees


Location

  • First Interstate BancSystem, Inc.
  • 401 North 31st Street
  • PO Box 30918
  • Billings
  • Montana
  • 59116
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FIBKNasdaqGS (Nasdaq Global Select)YesClass A Common StockUSUSDMar 2010
4FBDB (Deutsche Boerse AG)YesClass A Common StockDEEURMar 2010

Biography

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. Its deposit products include chec ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/08/23 00:17
End of Day Share Price2019/08/22 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.