Is First Interstate BancSystem (FIBK) overvalued or fairly valued?

MarketChacha shows First Interstate BancSystem's valuation in context — a trailing P/E of about 12.4, a forward P/E of about 12.5, a price-to-book of about 1.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does First Interstate BancSystem's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.39×) from reported figures — education, not a rating.

What is the share price of First Interstate BancSystem (FIBK)?

First Interstate BancSystem last traded at $35.49 (+2.2% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

First Interstate BancSystem

FIBK · NYSE · Financials · United States

Snapshot

TickerFIBK

ExchangeNYSE

SectorFinancials

IndustryBanks - Regional

CountryUnited States

Employees3,376

HeadquartersBillings, United States

Websitewww.fibk.com

Filings tracked24

About First Interstate BancSystem

First Interstate BancSystem, Inc. operates as a 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; employee benefit plans and charitable foundations; and 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 servicing, mortgage loan sales and servicing, indirect consumer loan 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 formerly known as First Interstate Bancsystem Of Montana, Inc. and changed its name to First Interstate BancSystem, Inc. in June 1993. The company was founded in 1879 and is headquartered in Billings, Montana.

Who owns it

Insiders8.4%
Institutions91.6%
Public & other0.0%

401 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.14.41%
State Street Corporation6.56%
Dimensional Fund Advisors LP6.07%
Vanguard Portfolio Management LLC5.78%
First Interstate Bank4.84%
Holdco Asset Management, LP4.14%
Wellington Management Group, LLP3.95%
Vanguard Capital Management LLC3.92%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.39×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $249.8M · EPS 0.70

Est. earnings growth -35.0%

Next fiscal year

Rev $1.0B · EPS 2.85

Est. earnings growth +5.1%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

ROE

8.8%

Profit CAGR (2y)

+8.3%

EPS (FY2025)

2.94

Net profit (FY2025)

$302.1M

Ask MarketChacha about FIBK

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$302.1M	2.94	8.8%
FY2024	$226.0M	2.19	6.8%
FY2023	$257.5M	2.48	8.0%

Quarterly

Period	Net profit	EPS
2026Q2	$83.9M	0.87
2026Q1	$60.2M	0.61
2025Q3	$71.4M	0.69
2025Q2	$71.7M	0.69
2025Q1	$50.2M	0.49
2024Q3	$55.5M	0.54
2024Q2	$60.0M	0.58
2024Q1	$58.4M	0.57
2023Q3	$72.7M	0.70
2023Q2	$67.0M	0.65
2023Q1	$56.3M	0.54

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

8-K — Executive/director change, Exhibits
SEC8/21/2026material
10-Q filing
SEC8/3/2026
8-K — Results of operations, Reg FD disclosure, Other events, Exhibits
SEC7/23/2026material
8-K — Executive/director change, Exhibits
SEC7/16/2026material
8-K — Executive/director change, Exhibits
SEC7/9/2026material
8-K — Executive/director change, Bylaw/charter change, Shareholder vote results, Exhibits
SEC5/29/2026material
8-K — Executive/director change, Exhibits
SEC5/13/2026material
10-Q filing
SEC5/7/2026
8-K — Results of operations, Reg FD disclosure, Other events, Exhibits
SEC4/29/2026material
10-K filing
SEC2/26/2026
8-K — Results of operations, Reg FD disclosure, Other events, Exhibits
SEC1/28/2026material

2025

8-K — Executive/director change, Exhibits
SEC11/18/2025material
10-Q filing
SEC11/6/2025
8-K — Results of operations, Reg FD disclosure, Other events
SEC10/29/2025material
8-K — Reg FD disclosure, Exhibits
SEC10/16/2025material
8-K — Reg FD disclosure, Exhibits
SEC10/14/2025material
8-K — Executive/director change, Reg FD disclosure, Exhibits
SEC9/9/2025material
8-K — Executive/director change, Exhibits
SEC9/2/2025material
8-K/A — Executive/director change
SEC8/29/2025
8-K — Other events, Exhibits
SEC8/28/2025material
8-K — Termination of agreement, Other events, Exhibits
SEC8/18/2025material
8-K — Executive/director change, Exhibits
SEC8/15/2025material
10-Q filing
SEC8/6/2025
8-K — Results of operations, Reg FD disclosure, Other events, Exhibits
SEC7/29/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.