First Interstate BancSystem, Inc.

NasdaqGS:FIBK Stock Report

Market Cap: US$3.5b

First Interstate BancSystem Past Earnings Performance

Past criteria checks 5/6

First Interstate BancSystem has been growing earnings at an average annual rate of 10.3%, while the Banks industry saw earnings growing at 2.7% annually. Revenues have been growing at an average rate of 8.4% per year. First Interstate BancSystem's return on equity is 9.3%, and it has net margins of 30%.

Key information

10.29%

Earnings growth rate

-0.39%

EPS growth rate

Banks Industry Growth11.18%
Revenue growth rate8.36%
Return on equity9.29%
Net Margin30.01%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

First Interstate BancSystem Is Getting Closer To An Upgrade

Apr 27

FIBK: Rising Credit Costs And Cautious Execution Will Pressure Future Returns

Analysts have trimmed the implied value for First Interstate BancSystem, with the updated price target moving from about $36.00 to roughly $30.13, as recent research reports reflect adjusted expectations around revenue growth, profitability and future P/E assumptions. Analyst Commentary Recent Street research around First Interstate BancSystem has leaned more cautious, with several firms adjusting ratings and price targets over the past few months.

FIBK: Cautious Sentiment And Buybacks Will Shape Future Share Returns

Analysts have lifted the implied fair value estimate for First Interstate BancSystem from about $30.04 to $36.00, reflecting recent adjustments to price targets as firms reassess revenue growth, profit margin assumptions, and the future P/E multiple. Analyst Commentary Recent Street research on First Interstate BancSystem shows a mix of raised and lowered price targets, along with at least one downgrade, which leaves sentiment looking cautious even as some firms adjust targets upward.

FIBK: Mixed Sentiment And Buybacks Will Shape Future Share Performance

Analysts have made a modest trim to their overall price expectations for First Interstate BancSystem, with the blended target slipping by about $0.34 as they factor in lower modeled revenue growth, slightly softer profit margins, and a marginally higher discount rate, even as several recent firm specific target changes have moved in different directions. Analyst Commentary Recent Street research on First Interstate BancSystem has been mixed, with some firms lifting price targets and others trimming expectations or turning more cautious.

FIBK: Share Buybacks And Mixed Profit Outlook Will Shape Balanced Return Profile

The analyst price target for First Interstate BancSystem has been adjusted slightly lower by $0.13 to $37.88 as analysts factor in a reduced profit margin outlook alongside recent mixed Street calls that include both price target increases and downgrades. Analyst Commentary Recent research on First Interstate BancSystem has been mixed, with some firms lifting price targets while others turn more cautious.

FIBK: Buybacks And Index Additions Will Balance Mixed Street Sentiment

Analysts have kept their fair value estimate for First Interstate BancSystem steady at $38.00, while fine tuning assumptions around discount rate, growth, and future P/E after a mix of recent price target increases and decreases across the Street. Analyst Commentary Recent Street research on First Interstate BancSystem reflects a mixed but active debate around the stock, with several firms adjusting price targets and one high profile downgrade.

FIBK: Buybacks And Index Additions Will Offset Mixed Earnings Expectations

The analyst fair value estimate for First Interstate BancSystem has increased by $2.50 to $38.00, with analysts citing updated assumptions that include more resilient profit margins and a slightly lower future P/E multiple, despite mixed recent price target changes across the Street. Analyst Commentary Street research on First Interstate BancSystem has been mixed, with some firms lifting their price targets while at least one has moved to a more cautious stance.

First Interstate BancSystem's (NASDAQ:FIBK) Dividend Will Be $0.47

Feb 01
First Interstate BancSystem's (NASDAQ:FIBK) Dividend Will Be $0.47

FIBK: Sector Catch Up Hopes Will Limit Future Share Returns

Narrative Update The analyst price target for First Interstate BancSystem has been raised by US$3 to US$37. Analysts cite a broad sector reset that includes expectations for a steeper yield curve, improving loan growth, robust bank merger activity, and credit conditions that they describe as largely in check.

FIBK: Activist Demands And Neutral Outlook Will Restrain Future Share Returns

Analysts have trimmed their fair value estimate for First Interstate BancSystem slightly to about $30.00 per share, reflecting updated assumptions on growth, profitability, and forward P/E after recent Street research, including a higher US$37 price target from UBS, pointed to cautious optimism around mid-cap banks. Analyst Commentary Recent Street research has framed First Interstate BancSystem within a mid-cap bank group that some see as poised for a year of catch up versus larger peers, with references to a steepening yield curve, improving loan growth, and credit trends that are described as largely in check.

FIBK: Activist Pressure And Rich Multiple Will Limit Future Share Returns

Analysts have raised their price target on First Interstate BancSystem from 25.00 dollars to approximately 30.45 dollars, reflecting expectations for stronger long term profitability and a modestly higher future earnings multiple, despite tempered revenue growth assumptions and a slightly higher discount rate. What's in the News HoldCo Asset Management has built a 3.8% stake in First Interstate, calling for an end to acquisitions, increased share buybacks, and warning it may push for a sale if the board does not change course (Bloomberg).

FIBK: Activist Campaign Will Shape Buybacks While Core Metrics Stay Steady

Analysts have modestly raised their price target on First Interstate BancSystem to 35.50 dollars from 35.50 dollars. This reflects their continued confidence in the bank's stable fair value, discount rate, and projected revenue growth and profitability metrics.

FIBK: Activist Pressure Will Drive Share Buybacks and Potential Sale Push

Analysts have modestly raised their price target for First Interstate BancSystem from $35.25 to $35.50. They cite slight adjustments in the projected discount rate and profit margin, which impact their fair value calculations.

FIBK: Activist Pressure Will Drive Buyback Focus Amid Improved Charge-Offs

Analysts have raised their price target for First Interstate BancSystem from $34.38 to $35.25. This change reflects updated expectations following recent adjustments to growth and profitability forecasts.

Analysts Raise First Interstate BancSystem Target Price Amid Buyback Plans and Improved Margins

Analysts have slightly raised their price target for First Interstate BancSystem from $33.63 to $34.38. They cite improved profit margin forecasts, even though there have only been modest adjustments to revenue growth expectations.

Mountain West And Midwest Focus Will Fuel Digital Banking Expansion

Analysts have raised their price target for First Interstate BancSystem from $32.25 to $33.63 per share. They cite improved projected profit margins and a slightly lower discount rate as the primary drivers behind the adjustment.

First Interstate BancSystem (NASDAQ:FIBK) Is Due To Pay A Dividend Of $0.47

May 03
First Interstate BancSystem (NASDAQ:FIBK) Is Due To Pay A Dividend Of $0.47

First Interstate BancSystem: Reasons To Remain Bearish Are Still There

Apr 13

First Interstate: High Yield At A Great Price

Jan 11

First Interstate BancSystem (NASDAQ:FIBK) Will Pay A Dividend Of $0.47

Oct 29
First Interstate BancSystem (NASDAQ:FIBK) Will Pay A Dividend Of $0.47

First Interstate BancSystem: Big Dividend Yield, But Fairly Valued

Sep 16
User avatar

Strengthened Financial Base And Decisive Investments Poised To Propel Growth

Strong capital and liquidity position along with strategic focus on treasury improvements and systems signal a robust platform for growth and service enhancement.

First Interstate BancSystem: CRE Loans Take Up A Huge Weight In The Portfolio

Aug 16

First Interstate BancSystem's (NASDAQ:FIBK) Dividend Will Be $0.47

Jul 30
First Interstate BancSystem's (NASDAQ:FIBK) Dividend Will Be $0.47

Revenue & Expenses Breakdown

How First Interstate BancSystem makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NasdaqGS:FIBK Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 261,0403125090
31 Dec 251,0323025080
30 Sep 259542454990
30 Jun 259352305010
31 Mar 259222185000
31 Dec 249322264950
30 Sep 249512354820
30 Jun 249752534780
31 Mar 249902604840
31 Dec 239942584880
30 Sep 231,0322825060
30 Jun 231,0582955140
31 Mar 231,0972925180
31 Dec 221,0202025040
30 Sep 229021684500
30 Jun 227871293980
31 Mar 226511073480
31 Dec 216461923150
30 Sep 216381883170
30 Jun 216341893190
31 Mar 216241833170
31 Dec 206071613140
30 Sep 206071673080
30 Jun 206061683020
31 Mar 206211693000
31 Dec 196241812960
30 Sep 196161692990
30 Jun 195991612930
31 Mar 195781652820
31 Dec 185631602750
30 Sep 185501542600
30 Jun 185421402560
31 Mar 185171202440
31 Dec 174811072330
30 Sep 17453972190
30 Jun 17421952060
31 Mar 17406992000
31 Dec 16402962000
30 Sep 16391941930
30 Jun 16384891910
31 Mar 16381861890
31 Dec 15378871860
30 Sep 15378861850
30 Jun 15376851840

Quality Earnings: FIBK has high quality earnings.

Growing Profit Margin: FIBK's current net profit margins (30%) are higher than last year (23.6%).

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: FIBK's earnings have grown by 10.3% per year over the past 5 years.

Accelerating Growth: FIBK's earnings growth over the past year (43.3%) exceeds its 5-year average (10.3% per year).

Earnings vs Industry: FIBK earnings growth over the past year (43.3%) exceeded the Banks industry 22.3%.

Return on Equity

High ROE: FIBK's Return on Equity (9.3%) is considered low.

Return on Assets

Return on Capital Employed

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/05/03 00:49
End of Day Share Price 2026/05/01 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

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.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

First Interstate BancSystem, Inc. is covered by 14 analysts. 7 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David GeorgeBaird
Jason GoldbergBarclays
Jared David ShawBarclays