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.
Flawless balance sheet established dividend payer.
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 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: FIBK underperformed the US Banks industry which returned 2.3% over the past year.
Return vs Market: FIBK underperformed the US Market which returned 10.5% over the past year.
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 StRead This Before Buying First Interstate BancSystem, Inc. (NASDAQ:FIBK) Shares
3 weeks ago | Simply Wall StThere's A Lot To Like About First Interstate BancSystem, Inc.'s (NASDAQ:FIBK) Upcoming US$0.34 Dividend
1 month ago | Simply Wall StWhy First Interstate BancSystem, Inc.'s (NASDAQ:FIBK) High P/E Ratio Isn't Necessarily A Bad Thing
Is First Interstate BancSystem undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FIBK ($37.76) is trading below our estimate of fair value ($62.27)
Significantly Below Fair Value: FIBK is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FIBK is poor value based on its PE Ratio (13.3x) compared to the Banks industry average (12.2x).
PE vs Market: FIBK is good value based on its PE Ratio (13.3x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: FIBK is poor value based on its PEG Ratio (2.1x)
Price to Book Ratio
PB vs Industry: FIBK is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1.2x).
How is First Interstate BancSystem forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FIBK's forecast earnings growth (6.3% per year) is above the savings rate (1.7%).
Earnings vs Market: FIBK's earnings (6.3% per year) are forecast to grow slower than the US market (13.2% per year).
High Growth Earnings: FIBK's earnings are forecast to grow, but not significantly.
Revenue vs Market: FIBK's revenue (4.1% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: FIBK's revenue (4.1% per year) is forecast to grow slower than 20% 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 (10.3%).
How has First Interstate BancSystem performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FIBK has high quality earnings.
Growing Profit Margin: FIBK's current net profit margins (28.7%) are higher than last year (28.2%).
Past Earnings Growth Analysis
Earnings Trend: FIBK's earnings have grown by 17.8% per year over the past 5 years.
Accelerating Growth: FIBK's earnings growth over the past year (13%) is below its 5-year average (17.8% per year).
Earnings vs Industry: FIBK earnings growth over the past year (13%) exceeded the Banks industry 12%.
Return on Equity
High ROE: FIBK's Return on Equity (9%) is considered low.
Return on Assets
Return on Capital Employed
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
Inventory Level: FIBK has a low level of unsold assets or inventory.
Debt Coverage by Assets: FIBK's debt is covered by short term assets (assets are 1.6x debt).
Financial Institutions Analysis
Asset Level: FIBK's level of assets compared to its equity is low.
Allowance for Bad Loans: FIBK has a sufficient allowance for bad loans.
Low Risk Liabilities: FIBK's liabilities are made up of primarily low risk sources of funding.
Loan Level: FIBK has an acceptable proportion of non-loan assets held.
Low Risk Deposits: FIBK's loans are broadly funded by customer deposits.
Level of Bad Loans: FIBK has an appropriate level of bad loans (0.55%)
What is First Interstate BancSystem's current dividend yield, its reliability and sustainability?
Current Dividend Yield
Upcoming Dividend Payment
Purchase First Interstate BancSystem before the 'Buy Limit' to receive their next dividend payment.
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: FIBK's dividend (3.6%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: FIBK's dividend (3.6%) is low compared to the top 25% of dividend payers in the US market (3.9%).
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 reasonably low payout ratio (44.7%), FIBK's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FIBK's dividends in 3 years are forecast to be well covered by earnings (44.5% payout ratio).
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Kevin Riley (59yo)
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 ($USD2.50M) is below average for companies of similar size in the US market ($USD4.93M).
Compensation vs Earnings: Kevin's compensation has increased by more than 20% in the past year.
|Executive VP & CFO||4.4yrs||US$827.42k||0.032% $812.0k|
|Executive VP & COO||2.1yrs||US$774.09k||0.022% $542.5k|
|Executive VP||0yrs||US$660.78k||0.011% $280.6k|
|Executive VP & Director of Banking||4.3yrs||US$638.37k||0.040% $1.0m|
|Executive VP & Chief Risk Officer||8.1yrs||US$556.61k||0.0057% $143.1k|
|Executive VP & Chief Information Officer||1.8yrs||no data||0.0032% $79.6k|
|VP & Investor Relations Officer||0yrs||no data||no data|
|Chief of Staff||0.6yrs||no data||no data|
|Senior VP & Chief Human Resources Officer||0yrs||no data||no data|
Experienced Management: FIBK's management team is considered experienced (4.3 years average tenure).
|Independent Director||2.8yrs||US$70.28k||0.015% $372.0k|
|Chairman of the Board||4.1yrs||US$230.00k||6.64% $167.3m|
|Independent Director||10.8yrs||US$106.51k||0.012% $309.8k|
|Independent Director||11.8yrs||US$122.56k||0.039% $973.2k|
|Independent Director||12.1yrs||US$160.01k||0.040% $1.0m|
|Independent Director||2.8yrs||US$104.12k||0.0056% $141.3k|
|Vice Chair||1yrs||US$83.72k||0.020% $493.4k|
Experienced Board: FIBK's board of directors are considered experienced (4.1 years average tenure).
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
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 10.2%.
First Interstate BancSystem, Inc.'s company bio, employee growth, exchange listings and data sources
- Name: First Interstate BancSystem, Inc.
- Ticker: FIBK
- Exchange: NasdaqGS
- Founded: 1971
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$2.519b
- Shares outstanding: 65.23m
- Website: https://www.firstinterstatebank.com
Number of Employees
- First Interstate BancSystem, Inc.
- 401 North 31st Street
- PO Box 30918
- United States
|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|
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 checking, savings, time, and demand deposits; and repurchase agreements primarily for commercial and municipal depositors. The company’s loan portfolio consists of real estate loans, including commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans; commercial loans; and other loans, including fixed and variable rate loans. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations, which include the administration of estates and personal trusts; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and insurance planning. In addition, the company offers Internet and mobile banking services. It serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, energy, healthcare and professional services, education and governmental services, mining, technology, retail and wholesale trade, and tourism. The company operates 147 banking offices located in Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. First Interstate BancSystem, Inc. was incorporated in 1971 and is headquartered in Billings, Montana.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/02/26 01:10|
|End of Day Share Price||2020/02/25 00:00|
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.