First Interstate Bancsystem Inc
FIBK Nasdaq State Commercial Banks Financials FY2016–FY2025
Revenue
Total sales reported in the income statement.
$1.1B
5.9%
vs prior year
Efficiency ratio
Noninterest expense as a share of revenue. Lower is better for banks.
60.5%
3.3 pts
Net income
Profit after all expenses, interest and tax.
$302M
33.7%
Return on equity
Net income as a share of average shareholders' equity.
8.9%
2.0 pts
Market cap
Last close times the latest diluted share count, so it is approximate.
—
P/E
Last close divided by diluted earnings per share over the last four quarters.
—
On $3.24 EPS (TTM)
What First Interstate Bancsystem Inc does
No business description yet.
- Legal name
- FIRST INTERSTATE BANCSYSTEM INC
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 26, 2026
- Accession · CIK
- 0000860413-26-000011
0000860413
Revenue and margins
First Interstate Bancsystem Inc had $1.1B of revenue in fiscal 2025, up 5.9% on the year before.
FY16
Revenue $416M
FY17
Revenue $492M
FY18
Revenue $571M
FY19
Revenue $638M
FY20
Revenue $654M
FY21
Revenue $639M
FY22
Revenue $1.1B
FY23
Revenue $1.0B
FY24
Revenue $1,000M
FY25
Revenue $1.1B
Q3 '23
Revenue $256M
Q4 '23
Revenue $252M
Q1 '24
Revenue $242M
Q2 '24
Revenue $244M
Q3 '24
Revenue $252M
Q4 '24
Revenue $261M
Q1 '25
Revenue $247M
Q2 '25
Revenue $248M
Q3 '25
Revenue $251M
Q4 '25
Revenue $313M
Q1 '26
Revenue $242M
Q2 '26
Revenue $264M
FY16
Net interest share 67.2%
Efficiency ratio 62.7%
FY17
Net interest share 71.2%
Efficiency ratio 65.9%
FY18
Net interest share 75.7%
Efficiency ratio 62.4%
FY19
Net interest share 77.6%
Efficiency ratio 60.9%
FY20
Net interest share 76.2%
Efficiency ratio 59.3%
FY21
Net interest share 76.6%
Efficiency ratio 63.5%
FY22
Net interest share 85.2%
Efficiency ratio 69.3%
FY23
Net interest share 85.7%
Efficiency ratio 64.0%
FY24
Net interest share 82.2%
Efficiency ratio 63.8%
FY25
Net interest share 78.0%
Efficiency ratio 60.5%
Net interest share
Efficiency ratio
Q3 '23
Net interest share 83.6%
Efficiency ratio 63.0%
Q4 '23
Net interest share 82.4%
Efficiency ratio 65.8%
Q1 '24
Net interest share 82.6%
Efficiency ratio 66.1%
Q2 '24
Net interest share 82.6%
Efficiency ratio 64.2%
Q3 '24
Net interest share 81.6%
Efficiency ratio 63.3%
Q4 '24
Net interest share 82.0%
Efficiency ratio 61.6%
Q1 '25
Net interest share 83.0%
Efficiency ratio 65.0%
Q2 '25
Net interest share 83.4%
Efficiency ratio 62.5%
Q3 '25
Net interest share 82.6%
Efficiency ratio 63.0%
Q4 '25
Net interest share 65.9%
Efficiency ratio 53.3%
Q1 '26
Net interest share 83.0%
Efficiency ratio 65.2%
Q2 '26
Net interest share 76.6%
Efficiency ratio 60.2%
Net interest share
Efficiency ratio
Net income and earnings per share
From fiscal 2016 to 2025, diluted EPS grew 3.6% a year. Loss periods are shown in red.
FY16
Net income $95.7M
FY17
Net income $107M
FY18
Net income $160M
FY19
Net income $181M
FY20
Net income $161M
FY21
Net income $192M
FY22
Net income $202M
FY23
Net income $258M
FY24
Net income $226M
FY25
Net income $302M
Q3 '23
Net income $72.7M
Q4 '23
Net income $61.5M
Q1 '24
Net income $58.4M
Q2 '24
Net income $60.0M
Q3 '24
Net income $55.5M
Q4 '24
Net income $52.1M
Q1 '25
Net income $50.2M
Q2 '25
Net income $71.7M
Q3 '25
Net income $71.4M
Q4 '25
Net income $109M
Q1 '26
Net income $60.2M
Q2 '26
Net income $83.9M
FY16
Diluted EPS $2.13
FY17
Diluted EPS $2.05
FY18
Diluted EPS $2.75
FY19
Diluted EPS $2.83
FY20
Diluted EPS $2.53
FY21
Diluted EPS $3.11
FY22
Diluted EPS $1.96
FY23
Diluted EPS $2.48
FY24
Diluted EPS $2.19
FY25
Diluted EPS $2.94
Q3 '23
Diluted EPS $0.70
Q4 '23
Diluted EPS $0.59
Q1 '24
Diluted EPS $0.57
Q2 '24
Diluted EPS $0.58
Q3 '24
Diluted EPS $0.54
Q4 '24
Diluted EPS $0.50
Q1 '25
Diluted EPS $0.49
Q2 '25
Diluted EPS $0.69
Q3 '25
Diluted EPS $0.69
Q4 '25
Diluted EPS $1.07
Q1 '26
Diluted EPS $0.61
Q2 '26
Diluted EPS $0.87
Returns and efficiency
For banks, return on equity and the efficiency ratio (costs as a share of revenue) say most about how well the business runs.
FY16
ROE 9.7%
ROTE 22.4%
Efficiency ratio 62.7%
FY17
ROE 8.8%
ROTE 14.1%
Efficiency ratio 65.9%
FY18
ROE 10.3%
ROTE 14.0%
Efficiency ratio 62.4%
FY19
ROE 9.8%
ROTE 13.0%
Efficiency ratio 60.9%
FY20
ROE 8.1%
ROTE 12.0%
Efficiency ratio 59.3%
FY21
ROE 9.7%
ROTE 14.5%
Efficiency ratio 63.5%
FY22
ROE 8.0%
ROTE 10.8%
Efficiency ratio 69.3%
FY23
ROE 8.2%
ROTE 12.6%
Efficiency ratio 64.0%
FY24
ROE 6.9%
ROTE 10.6%
Efficiency ratio 63.8%
FY25
ROE 8.9%
ROTE 13.2%
Efficiency ratio 60.5%
ROE
ROTE
Efficiency ratio
Dividends, buybacks and share count
First Interstate Bancsystem Inc returned $316M to shareholders in fiscal 2025. The diluted share count fell 0.3%.
FY16
Dividends $39.4M
Buybacks $26.9M
FY17
Dividends $48.6M
Buybacks $1.3M
FY18
Dividends $64.1M
Buybacks $1.0M
FY19
Dividends $79.2M
Buybacks $2.5M
FY20
Dividends $129M
Buybacks $117M
FY21
Dividends $102M
Buybacks $5.4M
FY22
Dividends $182M
Buybacks $199M
FY23
Dividends $195M
Buybacks $34.0M
FY24
Dividends $196M
Buybacks $1.2M
FY25
Dividends $194M
Buybacks $122M
Dividends
Buybacks
Q3 '23
Dividends $49.2M
Buybacks $0.0M
Q4 '23
Dividends $48.7M
Buybacks $32.2M
Q1 '24
Dividends $48.8M
Buybacks $1.1M
Q2 '24
Dividends $49.0M
Buybacks $0.0M
Q3 '24
Dividends $49.1M
Buybacks $0.1M
Q4 '24
Dividends $49.0M
Buybacks $0.0M
Q1 '25
Dividends $48.0M
Buybacks $3.2M
Q2 '25
Dividends $49.1M
Buybacks $0.0M
Q3 '25
Dividends $49.1M
Buybacks $27.5M
Q4 '25
Dividends $48.1M
Buybacks $91.2M
Q1 '26
Dividends $45.7M
Buybacks $87.7M
Q2 '26
Dividends $46.0M
Buybacks $69.5M
Dividends
Buybacks
FY16
Diluted shares 0.04B
FY17
Diluted shares 0.05B
FY18
Diluted shares 0.06B
FY19
Diluted shares 0.06B
FY20
Diluted shares 0.06B
FY21
Diluted shares 0.06B
FY22
Diluted shares 0.10B
FY23
Diluted shares 0.10B
FY24
Diluted shares 0.10B
FY25
Diluted shares 0.10B
Balance sheet
Loans, deposits and capital at each fiscal year end.
FY16
Loans $5.4B
Deposits $7.4B
FY17
Loans $7.5B
Deposits $9.9B
FY18
Loans $8.4B
Deposits $10.7B
FY19
Loans $8.9B
Deposits $11.7B
FY20
Loans $9.7B
Deposits $14.2B
FY21
Loans $9.2B
Deposits $16.3B
FY22
Loans $17.9B
Deposits $25.1B
FY23
Loans $18.1B
Deposits $23.3B
FY24
Loans $17.6B
Deposits $23.0B
FY25
Loans $15.0B
Deposits $22.1B
Loans
Deposits
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Loans, net | $9.2B | $17.9B | $18.1B | $17.6B | $15.0B |
| Deposits | $16.3B | $25.1B | $23.3B | $23.0B | $22.1B |
| Loans / deposits | 56.6% | 71.3% | 77.4% | 76.6% | 68.0% |
| Total assets | $19.7B | $32.3B | $30.7B | $29.1B | $26.6B |
| Shareholders' equity | $2.0B | $3.1B | $3.2B | $3.3B | $3.4B |
| Goodwill | $622M | $1.1B | $1.1B | $1.1B | $1.1B |
| Intangible assets | $41.3M | $97.0M | $81.4M | $66.8M | $53.3M |
| Provision / loans | −0.2% | 0.5% | 0.2% | 0.4% | 0.2% |
Insider trades
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. 'Plan' marks trades under a pre-arranged Rule 10b5-1 plan.
Bought, 12 months
$0.0M
0 insiders
Sold, 12 months
$0.0M
0 insiders
Of sales under plans
—
$0.0M
No open-market insider trades in the last 12 months.
10 years of figures
US$ millions unless stated. Hover a ratio's name for its definition.
| Fiscal year | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|---|---|---|---|
| Income statement | ||||||||||
| Revenue | $416M | $492M | $571M | $638M | $654M | $639M | $1.1B | $1.0B | $1,000M | $1.1B |
| Net interest income | $280M | $350M | $433M | $495M | $498M | $489M | $943M | $879M | $822M | $825M |
| Noninterest income | $137M | $142M | $139M | $143M | $156M | $150M | $163M | $147M | $178M | $233M |
| Noninterest expense | $261M | $324M | $356M | $389M | $388M | $406M | $766M | $657M | $637M | $640M |
| Provision for credit losses | $10.0M | $11.0M | $8.6M | $13.9M | $55.5M | −$14.7M | $82.7M | $32.2M | $67.8M | $26.8M |
| Interest expense | $17.6M | $28.0M | $40.9M | $59.0M | $26.6M | $17.3M | $78.9M | $401M | — | — |
| Pretax income | $145M | $157M | $206M | $235M | $209M | $248M | $257M | $337M | $295M | $392M |
| Income tax | $49.6M | $50.2M | $46.1M | $54.1M | $48.1M | $55.7M | $54.9M | $79.3M | $68.5M | $89.6M |
| Net income | $95.7M | $107M | $160M | $181M | $161M | $192M | $202M | $258M | $226M | $302M |
| Diluted EPS | $2.13 | $2.05 | $2.75 | $2.83 | $2.53 | $3.11 | $1.96 | $2.48 | $2.19 | $2.94 |
| Diluted shares | 0.04B | 0.05B | 0.06B | 0.06B | 0.06B | 0.06B | 0.10B | 0.10B | 0.10B | 0.10B |
| Cash flow | ||||||||||
| Cash from operations | $118M | $155M | $219M | $127M | $268M | $282M | $534M | $428M | $355M | $306M |
| Depreciation and amortization | $19.5M | $18.4M | $27.6M | $38.7M | $45.1M | $44.4M | $55.5M | $53.8M | $57.0M | $50.8M |
| Stock-based compensation | $4.4M | $3.9M | $5.6M | $8.0M | $7.5M | $8.9M | $9.6M | $4.7M | $11.8M | $13.3M |
| Acquisitions | −$18.6M | −$91.8M | $28.1M | $298M | $0.0M | $0.0M | — | — | — | — |
| Share buybacks | $26.9M | $1.3M | $1.0M | $2.5M | $117M | $5.4M | $199M | $34.0M | $1.2M | $122M |
| Dividends paid | $39.4M | $48.6M | $64.1M | $79.2M | $129M | $102M | $182M | $195M | $196M | $194M |
| Dividends and buybacks | $66.3M | $49.9M | $65.1M | $81.7M | $245M | $107M | $381M | $229M | $197M | $316M |
| Balance sheet | ||||||||||
| Cash and short-term investments | $782M | $759M | $822M | $1.1B | $2.3B | $2.3B | $871M | $578M | $897M | $1.3B |
| Total debt | $28.0M | $13.1M | $15.8M | $0.0M | $98.6M | $98.7M | $98.9M | $99.0M | $132M | $146M |
| Loans, net | $5.4B | $7.5B | $8.4B | $8.9B | $9.7B | $9.2B | $17.9B | $18.1B | $17.6B | $15.0B |
| Deposits | $7.4B | $9.9B | $10.7B | $11.7B | $14.2B | $16.3B | $25.1B | $23.3B | $23.0B | $22.1B |
| Property and equipment, net | $194M | $242M | $245M | $306M | $312M | $300M | $445M | $444M | $427M | $407M |
| Goodwill | $547M | $622M | $547M | $622M | $622M | $622M | $1.1B | $1.1B | $1.1B | $1.1B |
| Intangible assets | $9.6M | $49.1M | — | — | — | $41.3M | $97.0M | $81.4M | $66.8M | $53.3M |
| Total assets | $9.1B | $12.2B | $13.3B | $14.6B | $17.6B | $19.7B | $32.3B | $30.7B | $29.1B | $26.6B |
| Total liabilities | $8.1B | $10.8B | $11.6B | $12.6B | $15.7B | $17.7B | $29.2B | $27.4B | $25.8B | $23.2B |
| Shareholders' equity | $983M | $1.4B | $1.7B | $2.0B | $2.0B | $2.0B | $3.1B | $3.2B | $3.3B | $3.4B |
| Margins | ||||||||||
| Net margin | 23.0% | 21.7% | 28.0% | 28.4% | 24.7% | 30.1% | 18.3% | 25.1% | 22.6% | 28.5% |
| Net interest share of revenue | 67.2% | 71.2% | 75.7% | 77.6% | 76.2% | 76.6% | 85.2% | 85.7% | 82.2% | 78.0% |
| Efficiency ratio | 62.7% | 65.9% | 62.4% | 60.9% | 59.3% | 63.5% | 69.3% | 64.0% | 63.8% | 60.5% |
| Returns | ||||||||||
| Return on equity | 9.7% | 8.8% | 10.3% | 9.8% | 8.1% | 9.7% | 8.0% | 8.2% | 6.9% | 8.9% |
| Return on assets | 1.1% | 1.0% | 1.3% | 1.3% | 1.0% | 1.0% | 0.8% | 0.8% | 0.8% | 1.1% |
| Return on tangible equity | 22.4% | 14.1% | 14.0% | 13.0% | 12.0% | 14.5% | 10.8% | 12.6% | 10.6% | 13.2% |
| Growth | ||||||||||
| Revenue growth | — | 18.1% | 16.2% | 11.6% | 2.5% | −2.3% | 73.1% | −7.2% | −2.5% | 5.9% |
| Net income growth | — | 11.3% | 50.4% | 13.0% | −10.9% | 19.2% | 5.3% | 27.3% | −12.2% | 33.7% |
| EPS growth | — | −3.8% | 34.1% | 2.9% | −10.6% | 22.9% | −37.0% | 26.5% | −11.7% | 34.2% |
| Share count change | — | 15.6% | 12.2% | 9.7% | −0.2% | −3.1% | 67.4% | 0.4% | −0.6% | −0.3% |
| Financial health | ||||||||||
| Debt / equity | 0.0x | 0.0x | 0.0x | 0.0x | 0.1x | 0.0x | 0.0x | 0.0x | 0.0x | 0.0x |
| Loans / deposits | 73.2% | 75.9% | 78.9% | 75.9% | 68.0% | 56.6% | 71.3% | 77.4% | 76.6% | 68.0% |
| Provision / loans | 0.2% | 0.1% | 0.1% | 0.2% | 0.6% | −0.2% | 0.5% | 0.2% | 0.4% | 0.2% |
| Capital allocation | ||||||||||
| Stock comp / revenue | 1.1% | 0.8% | 1.0% | 1.3% | 1.1% | 1.4% | 0.9% | 0.5% | 1.2% | 1.3% |
| Quality scores | ||||||||||
| Piotroski F-score | — | 4.0 | 5.0 | 5.0 | 4.0 | 6.0 | 5.0 | 4.0 | 5.0 | 6.0 |
| Accruals ratio | −0.2% | −0.5% | −0.5% | 0.4% | −0.7% | −0.5% | −1.3% | −0.5% | −0.4% | −0.0% |
Source: SEC EDGAR XBRL filings (CIK 0000860413). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only — not investment advice. Check the original filings before relying on any figure.