- Investing.com
First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides a range of banking products and services in the United States. The company offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services, including administration of estates and personal trusts; manages investment accounts for individuals; offers employee benefit plans and charitable foundations; and provides insurance planning. The company’s loan portfolio includes real estate loans, such as commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans, including 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 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, other operational, and specialized staff support services, as well as online and mobile banking services. The company serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, governmental services, healthcare, hospitality, housing, professional services, real estate development, retail, technology, tourism, and wholesale trade. First Interstate BancSystem, Inc. was founded in 1879 and is headquartered in Billings, Montana.
Analyst Outlook | Price targets range from $28 to $38, with mixed ratings including Overweight from Piper Sandler and varying positions from Barclays, reflecting the bank's transition period uncertainties. |
Asset Repricing Edge | Explore how FIBK's strategic asset repricing opportunity could drive earnings growth through 2026 despite flat loan balances, creating a pathway to improved performance metrics. |
Financial Challenges | The bank faces accelerated balance sheet contraction and credit quality concerns, yet maintains a 6.0% dividend yield with projections of high-single-digit Net Interest Income growth by 2026. |
Strategic Pivot | First Interstate BancSystem undergoes critical transformation under new CEO Jim Reuter, focusing on profitability improvement, enhanced organic growth, and multiple expansion through quality initiatives. |

Metrics to compare | FIBK | Sector Sector - Average of metrics from a broad group of related Financials sector companies | Relationship RelationshipFIBKPeersSector | |
|---|---|---|---|---|
P/E Ratio | 14.8x | 11.2x | 9.7x | |
PEG Ratio | 3.75 | 0.39 | 0.03 | |
Price / Book | 1.1x | 0.9x | 1.0x | |
Price / LTM Sales | 3.8x | 3.8x | 2.8x | |
Upside (Analyst Target) | 6.2% | 16.6% | 13.2% | |
Fair Value Upside | Unlock | −1.3% | 0.8% | Unlock |