First Interstate BancSystem, Inc. (FIBK)

First Interstate BancSystem's stock has risen over 26% in the past six months. The company reported Q2 2025 earnings, beating EPS estimates but missing revenue expectations, leading to a stock decline. Significant insider selling occurred, including sales by Jonathan R. Scott and John M. Heyneman Jr. A new $150 million stock repurchase program was authorized in August 2025. The company redeemed its 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030. Analysts issued various ratings and price target adjustments, with an average recommendation of "Hold". HoldCo Asset Management advocated for a stock buyback in a presentation to the Board of Directors.

Demand for First Interstate BancSystem's products was affected by sluggish credit demand and reluctance from borrowers in early 2024, leading to postponed purchases and revenue decline. Management anticipated potential improvement with economic recovery in the second half of 2024. Explicit seasonal patterns are not clearly detailed.

First Interstate BancSystem, Inc. (FIBK) is a financial services holding company based in Billings, Montana, operating as the parent of First Interstate Bank. It focuses on traditional banking services, including deposit gathering, commercial and consumer lending, mortgage banking, and wealth management. The company also provides trust, employee benefit, investment management, insurance, agency, and custodial services, along with digital banking options, serving diverse industries such as agriculture, construction, education, and healthcare.

First Interstate BancSystem operates in Colorado, Idaho, Iowa, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyoming. The company divested 12 branches in Arizona and Kansas, expected to close by Q4 2025, and agreed to sell eleven Nebraska branches to Security First Bank, with the transaction anticipated to close in early 2026.

First Interstate Bank participated in the #BanksNeverAskThat campaign for fraud prevention and received an honorable mention for its culture of volunteerism. HoldCo Asset Management's presentation to the Board of Directors could influence public perception.

First Interstate BancSystem is primarily owned by institutional shareholders, holding 82.04% of the stock, while insiders own 20.29%, and retail investors hold 0.00%. Major institutional owners include Vanguard Group Inc., Blackrock Inc., and Franklin Resources Inc. James R. Scott is the largest individual shareholder, owning 5.43% of the company.