First Interstate BancSystem, In (FIBK) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

First Interstate BancSystem, In

NasdaqGS•Financial Services•Banks - Regional

$36.92-0.54(-0.01%)Pre-market

Market Cap

$3.57B

P/E

11.0x

P/S

2.6x

P/B

1.1x

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.

How this company scores

GoodMetricSide Score: 70/100

Strongest: Profitability (21/25); weakest: Growth (13/25).

Profitability21/25

Growth13/25

Balance Sheet & Red Flags20/25

Cash & Earnings Quality16/25

Strengths

Strong marginsRising earningsLow leverageCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 11.0x5y range 8.6x – 32.3x

Currently near its 20-quarter median.

P/S · 2.6x5y range 1.8x – 5.7x

Currently near its 20-quarter median.

P/B · 1.1x5y range 0.8x – 1.9x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Revenue Decline

Red Flag

Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.

Price & Volume

Market Cap $3.57B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.37B
Q. Revenue: $332.30M
TTM EBITDA: $430.90M
TTM Op. Income: $417.50M
Q. Op. Income: $108.20M
TTM Net Income: $324.30M
Q. Net Income: $83.90M
EPS: $0.87
Shares Out.: $96.58M

$1.37B in TTM revenue declined 4.1% YoY, reaching $332.30M last quarter. TTM EBITDA of $430.90M and TTM operating income of $417.50M show growth is flowing through to the bottom line. TTM net income of $324.30M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has fallen for 2 consecutive quarters — a weakening trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 79.4%
EBITDA Margin: 33.6%
Op. Margin: 32.6%
Net Margin: 25.2%

Op. margin of 32.6% is up 4.9% YoY — cost efficiency is improving. Net margin at 25.2% and gross margin of 79.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 18% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 11.0x
P/S Ratio: 2.6x
P/B Ratio: 1.1x

At 11.0x P/E, the stock trades below typical market levels. P/S of 2.6x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 15% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $25.89B
Cash: $1.17B
Long-Term Debt: $146.80M
Book Value: $3.32B
D/E Ratio: 0.0
Debt/EBITDA: 1.3

With $25.89B in assets and $146.80M in long-term debt, D/E is 0.0and book value is $3.32B — a conservative capital structure with a cushion to weather downturns. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $57.90M
TTM Free Cash Flow: $243.30M
FCF Margin: 17.7%
FCF / Net Income: 0.8

TTM FCF of $243.30M on $57.90M in operating cash flow. The FCF / Net Income ratio of 0.8x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has fallen for 3 consecutive quarters — a weakening trend.