First Interstate BancSystem
Market Cap
US$2.7b
Last Updated
2021/01/14 23:09 UTC
Data Sources
Company Financials +
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. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet established dividend payer.
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
Stable Share Price: FIBK is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 6% a week.
Volatility Over Time: FIBK's weekly volatility (6%) has been stable over the past year.
Market Performance
7 Day Return
-1.5%
FIBK
3.1%
US Banks
0.6%
US Market
1 Year Return
3.5%
FIBK
-4.2%
US Banks
21.0%
US Market
Return vs Industry: FIBK exceeded the US Banks industry which returned -5% over the past year.
Return vs Market: FIBK underperformed the US Market which returned 22% over the past year.
Shareholder returns
| FIBK | Industry | Market | |
|---|---|---|---|
| 7 Day | -1.5% | 3.1% | 0.6% |
| 30 Day | 4.0% | 15.6% | 4.2% |
| 90 Day | 19.3% | 42.5% | 12.4% |
| 1 Year | 9.8%3.5% | -0.7%-4.2% | 23.7%21.0% |
| 3 Year | 13.9%1.4% | 5.5%-3.5% | 47.4%37.6% |
| 5 Year | 100.1%68.4% | 96.6%71.7% | 131.6%105.9% |
Long-Term 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
1 week ago | Simply Wall St
First Interstate BancSystem (NASDAQ:FIBK) Has Compensated Shareholders With A Respectable 76% Return On Their Investment1 month ago | Simply Wall St
Don't Ignore The Fact That This Insider Just Sold Some Shares In First Interstate BancSystem, Inc. (NASDAQ:FIBK)1 month ago | Simply Wall St
Is First Interstate BancSystem, Inc. (NASDAQ:FIBK) A Smart Pick For Income Investors?Valuation
Is First Interstate BancSystem undervalued compared to its fair value and its price relative to the market?
16.44x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: FIBK ($42.59) is trading above our estimate of fair value ($42.44)
Significantly Below Fair Value: FIBK is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: FIBK is poor value based on its PE Ratio (16.4x) compared to the US Banks industry average (12.2x).
PE vs Market: FIBK is good value based on its PE Ratio (16.4x) compared to the US market (21.1x).
Price to Earnings Growth Ratio
PEG Ratio: FIBK is poor value based on its PEG Ratio (11.8x)
Price to Book Ratio
PB vs Industry: FIBK is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is First Interstate BancSystem forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?
1.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIBK's forecast earnings growth (1.4% per year) is below the savings rate (2%).
Earnings vs Market: FIBK's earnings (1.4% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: FIBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: FIBK's revenue is expected to decline over the next 3 years (-2.3% per year).
High Growth Revenue: FIBK's revenue is forecast to decline over the next 3 years (-2.3% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FIBK's Return on Equity is forecast to be low in 3 years time (8.2%).
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Past Performance
How has First Interstate BancSystem performed over the past 5 years?
17.1%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIBK has high quality earnings.
Growing Profit Margin: FIBK's current net profit margins (27.1%) are lower than last year (27.5%).
Past Earnings Growth Analysis
Earnings Trend: FIBK's earnings have grown by 17.1% per year over the past 5 years.
Accelerating Growth: FIBK's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FIBK had negative earnings growth (-1.4%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).
Return on Equity
High ROE: FIBK's Return on Equity (8.4%) is considered low.
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
Financial Institutions Analysis
Asset Level: FIBK's Assets to Equity ratio (8.6x) is low.
Allowance for Bad Loans: FIBK has a sufficient allowance for bad loans (267%).
Low Risk Liabilities: 92% of FIBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: FIBK has an appropriate level of Loans to Assets ratio (59%).
Low Risk Deposits: FIBK's Loans to Deposits ratio (72%) is appropriate.
Level of Bad Loans: FIBK has an appropriate level of bad loans (0.5%).
Next Steps
Dividend
What is First Interstate BancSystem current dividend yield, its reliability and sustainability?
3.57%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FIBK's dividend (3.57%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: FIBK's dividend (3.57%) is low compared to the top 25% of dividend payers in the US market (3.88%).
Stability and Growth of Payments
Stable Dividend: FIBK's dividends per share have been stable in the past 10 years.
Growing Dividend: FIBK's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (54.1%), FIBK's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FIBK's dividends in 3 years are forecast to be covered by earnings (60.1% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.0yrs
Average management tenure
CEO
Kevin Riley (60 yo)
5.33yrs
Tenure
US$2,534,373
Compensation
Mr. Kevin P. Riley has been the Chief Executive Officer and President of First Interstate Bancsystem, Inc. since September 23, 2015. Mr. Riley served as the Chief Financial Officer and Executive Vice Presi...
CEO Compensation Analysis
Compensation vs Market: Kevin's total compensation ($USD2.53M) is below average for companies of similar size in the US market ($USD4.99M).
Compensation vs Earnings: Kevin's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.33yrs | US$2.53m | 0.17% $ 4.5m | |
| Executive VP & CFO | 5.33yrs | US$971.68k | 0.044% $ 1.2m | |
| Executive VP & COO | 3yrs | US$920.37k | 0.021% $ 551.1k | |
| Executive VP | no data | US$678.32k | 0.017% $ 459.0k | |
| Executive VP & Chief Risk Officer | 9yrs | US$605.20k | 0.011% $ 286.5k | |
| Executive VP & Chief Information Officer | 2.67yrs | no data | 0.0066% $ 176.4k | |
| VP & Investor Relations Officer | no data | no data | no data | |
| Senior VP & Chief Human Resources Officer | no data | no data | no data | |
| Executive VP & Chief Strategy Officer | no data | no data | 0.0079% $ 212.2k | |
| Senior VP & Chief of Staff | 1.5yrs | no data | no data | |
| Executive VP & Chief Banking Officer | 2.42yrs | no data | 0.016% $ 418.7k | |
| Missoula Regional President | no data | no data | no data |
3.0yrs
Average Tenure
55yo
Average Age
Experienced Management: FIBK's management team is considered experienced (3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| President | 5.33yrs | US$2.53m | 0.17% $ 4.5m | |
| Independent Director | 3.67yrs | US$108.12k | 0.018% $ 471.3k | |
| Director | 50yrs | US$259.99k | 6.89% $ 185.2m | |
| Director | 2.67yrs | US$91.87k | 2.52% $ 67.7m | |
| Director | 0.92yr | US$606.76k | 1.35% $ 36.3m | |
| Independent Director | 11.67yrs | US$114.06k | 0.0067% $ 179.7k | |
| Independent Director | 3.67yrs | US$106.24k | 0.0081% $ 217.3k | |
| Independent Chair of the Board | 0.67yr | US$147.49k | 0.024% $ 645.9k | |
| Independent Director | 0.67yr | no data | 0.0023% $ 61.2k | |
| Independent Director | 6.67yrs | US$107.49k | 0.014% $ 363.6k | |
| Director | 5.67yrs | US$182.83k | 0.27% $ 7.3m |
3.7yrs
Average Tenure
60yo
Average Age
Experienced Board: FIBK's board of directors are considered experienced (3.7 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FIBK insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$2.686b
- Shares outstanding: 63.11m
- Website: https://www.FIBK.com
Number of Employees
Location
- First Interstate BancSystem, Inc.
- 401 North 31st Street
- PO Box 30918
- Billings
- Montana
- 59116-0918
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FIBK | NasdaqGS (Nasdaq Global Select) | Yes | Class A Common Stock | US | USD | Mar 2010 |
| 4FB | DB (Deutsche Boerse AG) | Yes | Class A Common Stock | DE | EUR | Mar 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
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/14 23:09 |
| End of Day Share Price | 2021/01/14 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
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.