FIBK Stock - First Interstate BancSystem, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $1.48B | $1.43B | $1.18B | $656.00M | $680.30M |
| Gross Profit | $931.90M | $993.60M | $1.02B | $653.30M | $596.80M |
| Gross Margin | 62.9% | 69.6% | 86.4% | 99.6% | 87.7% |
| Operating Income | $294.50M | $336.80M | $257.10M | $247.80M | $209.30M |
| Net Income | $226.00M | $257.50M | $202.20M | $192.10M | $161.20M |
| Net Margin | 15.3% | 18.0% | 17.1% | 29.3% | 23.7% |
| EPS | $2.19 | $2.48 | $1.96 | $3.12 | $2.53 |
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. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, and other operational services, as well as online and mobile banking services. It serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, energy, governmental services, healthcare, hospitality, housing, mining, professional services, real estate development, retail, technology, tourism, and wholesale trade. As of December 31, 2021, it operated 147 banking offices, including detached drive-up facilities in communities across Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. The company was incorporated in 1971 and is headquartered in Billings, Montana.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| July 8th 2025 | Barclays | Upgrade | Equal Weight | $32 |
| June 23rd 2025 | Keefe Bruyette | Resumed | Outperform | $32 |
| December 17th 2024 | UBS | Resumed | Neutral | - |
| November 26th 2024 | DA Davidson | Upgrade | Buy | $42← $32 |
| October 31st 2024 | Barclays | Downgrade | Underweight | $30← $32 |
| October 1st 2024 | Wells Fargo | Downgrade | Underweight | $28← $30 |
| March 8th 2024 | Barclays | Initiation | Equal Weight | $28 |
| October 4th 2023 | Wells Fargo | Downgrade | Equal Weight | $25 |
| March 15th 2023 | UBS | Initiation | Neutral | $33 |
| February 1st 2023 | Stephens | Upgrade | Overweight | $43← $44 |
| January 30th 2023 | Keefe Bruyette | Downgrade | Market Perform | $38← $49 |
| May 3rd 2022 | Janney | Upgrade | Buy | $42 |
| May 2nd 2022 | Keefe Bruyette | Upgrade | Outperform | $45 |
Earnings History & Surprises
FIBKEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q1 2026 | Feb 4, 2026 | $0.79 | — | — | — |
Q4 2025 | Oct 29, 2025 | $0.59 | $0.69 | +16.9% | ✓ BEAT |
Q3 2025 | Jul 29, 2025 | $0.57 | $0.69 | +21.1% | ✓ BEAT |
Q2 2025 | Apr 29, 2025 | $0.56 | $0.49 | -12.5% | ✗ MISS |
Q1 2025 | Jan 29, 2025 | $0.49 | $0.50 | +2.0% | ✓ BEAT |
Q4 2024 | Oct 24, 2024 | $0.58 | $0.54 | -6.9% | ✗ MISS |
Q3 2024 | Jul 25, 2024 | $0.55 | $0.58 | +5.5% | ✓ BEAT |
Q2 2024 | Apr 24, 2024 | $0.50 | $0.57 | +14.0% | ✓ BEAT |
Q1 2024 | Jan 30, 2024 | $0.61 | $0.59 | -3.3% | ✗ MISS |
Q4 2023 | Oct 25, 2023 | $0.62 | $0.70 | +12.9% | ✓ BEAT |
Q3 2023 | Jul 26, 2023 | $0.68 | $0.65 | -4.4% | ✗ MISS |
Q2 2023 | Apr 26, 2023 | $0.80 | $0.54 | -32.5% | ✗ MISS |
Q1 2023 | Jan 26, 2023 | $1.03 | $0.82 | -20.4% | ✗ MISS |
Q4 2022 | Oct 25, 2022 | $0.90 | $0.80 | -11.1% | ✗ MISS |
Q3 2022 | Jul 26, 2022 | $0.75 | $0.93 | +24.0% | ✓ BEAT |
Q2 2022 | Apr 28, 2022 | $0.25 | $0.21 | -16.1% | ✗ MISS |
Q1 2022 | Jan 27, 2022 | $0.72 | $0.83 | +15.3% | ✓ BEAT |
Q4 2021 | Oct 26, 2021 | $0.74 | $0.76 | +2.7% | ✓ BEAT |
Q3 2021 | Jul 27, 2021 | $0.72 | $0.69 | -4.2% | ✗ MISS |
Q2 2021 | Apr 27, 2021 | $0.72 | $0.83 | +15.3% | ✓ BEAT |
Latest News
Keefe, Bruyette & Woods Maintains Outperform on First Interstate BancSys, Raises Price Target to $39
📈 PositiveFirst Interstate BancSystem Inc. Will Replace Hanesbrands Inc. In The S&P SmallCap 600 Effective Prior To The Opening Of Trading On Tuesday, December 2
📈 PositiveUBS Maintains Neutral on First Interstate BancSys, Raises Price Target to $34
➖ NeutralFirst Interstate BancSys Q3 EPS $0.69 Beats $0.60 Estimate, Sales $250.500M Miss $254.641M Estimate
➖ NeutralWells Fargo Maintains Underweight on First Interstate BancSys, Raises Price Target to $30
➖ NeutralDA Davidson Maintains Buy on First Interstate BancSys, Raises Price Target to $38
📈 PositiveFrequently Asked Questions about FIBK
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