First Interstate BancSystem Management
Management criteria checks 4/4
First Interstate BancSystem's CEO is Kevin Riley, appointed in Sep 2015, has a tenure of 8.67 years. total yearly compensation is $3.38M, comprised of 28.7% salary and 71.3% bonuses, including company stock and options. directly owns 0.16% of the company’s shares, worth $4.57M. The average tenure of the management team and the board of directors is 3 years and 5.1 years respectively.
Key information
Kevin Riley
Chief executive officer
US$3.4m
Total compensation
| CEO salary percentage | 28.7% |
| CEO tenure | 8.7yrs |
| CEO ownership | 0.2% |
| Management average tenure | 3yrs |
| Board average tenure | 5.1yrs |
Recent management updates
Recent updates
First Interstate BancSystem: 2024 Does Not Bode Well
Feb 04Analysts Are Updating Their First Interstate BancSystem, Inc. (NASDAQ:FIBK) Estimates After Its Annual Results
Feb 02
First Interstate BancSystem (NASDAQ:FIBK) Will Pay A Larger Dividend Than Last Year At $0.47
Nov 02First Interstate BancSystem: Benefits From Acquisition, Organic Growth Appear Priced-In
Aug 06First Interstate Banc GAAP EPS of $0.59 beats by $0.07, revenue of $288.9M beats by $15.56M
Jul 26First Interstate BancSystem Maintains Systematic Liquidity
May 19First Interstate BancSystem (NASDAQ:FIBK) Will Pay A Dividend Of US$0.41
May 03Buying Oversold FIBK <$37: 4.47% Dividend Yield, X-Div Feb. 9
Feb 07First Interstate BancSystem's (NASDAQ:FIBK) Dividend Will Be US$0.41
Feb 01Is Now The Time To Put First Interstate BancSystem (NASDAQ:FIBK) On Your Watchlist?
Jan 12First Interstate BancSystem: Acquisition-Related Cost Savings To Support Earnings
Dec 11Does First Interstate BancSystem (NASDAQ:FIBK) Deserve A Spot On Your Watchlist?
Aug 31First Interstate: A Solid Bank With An Even Better Growth Outlook
Aug 27CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Mar 31 2024 | n/a | n/a | US$260m |
| Dec 31 2023 | US$3m | US$971k | US$258m |
| Sep 30 2023 | n/a | n/a | US$282m |
| Jun 30 2023 | n/a | n/a | US$295m |
| Mar 31 2023 | n/a | n/a | US$292m |
| Dec 31 2022 | US$5m | US$923k | US$202m |
| Sep 30 2022 | n/a | n/a | US$168m |
| Jun 30 2022 | n/a | n/a | US$129m |
| Mar 31 2022 | n/a | n/a | US$107m |
| Dec 31 2021 | US$3m | US$865k | US$192m |
| Sep 30 2021 | n/a | n/a | US$188m |
| Jun 30 2021 | n/a | n/a | US$189m |
| Mar 31 2021 | n/a | n/a | US$183m |
| Dec 31 2020 | US$3m | US$823k | US$161m |
| Sep 30 2020 | n/a | n/a | US$167m |
| Jun 30 2020 | n/a | n/a | US$168m |
| Mar 31 2020 | n/a | n/a | US$169m |
| Dec 31 2019 | US$3m | US$784k | US$181m |
| Sep 30 2019 | n/a | n/a | US$169m |
| Jun 30 2019 | n/a | n/a | US$161m |
| Mar 31 2019 | n/a | n/a | US$165m |
| Dec 31 2018 | US$2m | US$741k | US$160m |
| Sep 30 2018 | n/a | n/a | US$154m |
| Jun 30 2018 | n/a | n/a | US$140m |
| Mar 31 2018 | n/a | n/a | US$120m |
| Dec 31 2017 | US$2m | US$661k | US$107m |
Compensation vs Market: Kevin's total compensation ($USD3.38M) is below average for companies of similar size in the US market ($USD6.67M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
CEO
Kevin Riley (63 yo)
8.7yrs
Tenure
US$3,384,896
Compensation
Mr. Kevin P. Riley has been 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 President...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.7yrs | US$3.38m | 0.16% $ 4.6m | |
| Executive VP & CFO | 8.7yrs | US$1.13m | 0.053% $ 1.5m | |
| Executive VP & COO | 2yrs | US$631.03k | 0.0083% $ 230.3k | |
| Executive VP | no data | US$741.91k | 0.022% $ 602.8k | |
| Executive VP & Chief Banking Officer | no data | US$806.07k | 0.0063% $ 177.3k | |
| Executive VP & Chief Information Officer | less than a year | no data | 0.0086% $ 239.3k | |
| Director of Corporate Development & Financial Strategy | less than a year | no data | no data | |
| Executive VP & Chief Human Resources Officer | 4.5yrs | no data | no data | |
| Chief Credit Officer | 3.8yrs | no data | no data | |
| Executive VP & Chief Risk Officer | 2.3yrs | US$1.07m | 0.020% $ 562.6k | |
| Missoula Regional President | no data | no data | no data |
3.0yrs
Average Tenure
54yo
Average Age
Experienced Management: FIBK's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 8.7yrs | US$3.38m | 0.16% $ 4.6m | |
| Independent Director | 7yrs | US$142.81k | 0.013% $ 368.8k | |
| Independent Director | 2.3yrs | US$145.62k | 0.0080% $ 223.9k | |
| Independent Director | 53.3yrs | US$153.10k | 4.66% $ 130.0m | |
| Independent Director | 6yrs | US$134.58k | 1.28% $ 35.6m | |
| Independent Director | 4.3yrs | US$148.73k | 0.80% $ 22.2m | |
| Independent Director | 3.3yrs | US$162.48k | 0.0034% $ 95.5k | |
| Independent Director | 7yrs | US$164.37k | 0.0075% $ 209.4k | |
| Independent Chair of the Board | 12.7yrs | US$214.98k | 0.019% $ 530.5k | |
| Independent Director | 4yrs | US$152.49k | 0.0040% $ 111.7k | |
| Independent Director | 3.3yrs | US$153.62k | 0.0029% $ 79.9k | |
| Independent Director | 2.3yrs | US$169.37k | 0.020% $ 557.6k |
5.1yrs
Average Tenure
62yo
Average Age
Experienced Board: FIBK's board of directors are considered experienced (5.1 years average tenure).