First Interstate Bancsystem Financials

FIBK

Source SEC Filings (10-K/10-Q) Updated Sep 30, 2025 Currency USD FYE December

This page shows First Interstate Bancsystem (FIBK) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Piotroski F-Score Neutral

4/9

First Interstate Bancsystem passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.57x

For every $1 of reported earnings, First Interstate Bancsystem generates $1.57 in operating cash flow ($355.0M OCF vs $226.0M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

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Revenue

$1.3B

YoY+1.7%

5Y CAGR+18.6%

10Y CAGR+17.2%

First Interstate Bancsystem generated $1.3B in revenue in fiscal year 2024. This represents an increase of 1.7% from the prior year.

EBITDA

N/A

Free Cash Flow

N/A

Net Income

$226.0M

YoY-12.2%

5Y CAGR+4.5%

10Y CAGR+10.4%

First Interstate Bancsystem reported $226.0M in net income in fiscal year 2024. This represents a decrease of 12.2% from the prior year.

EPS (Diluted)

$2.19

YoY-11.7%

5Y CAGR-5.0%

10Y CAGR+1.6%

First Interstate Bancsystem earned $2.19 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 11.7% from the prior year.

Cash & Debt

$896.6M

YoY+55.1%

5Y CAGR-3.6%

10Y CAGR+1.2%

First Interstate Bancsystem held $896.6M in cash against $132.2M in long-term debt as of fiscal year 2024.

Dividends Per Share

$1.88

YoY+0.0%

5Y CAGR+8.7%

First Interstate Bancsystem paid $1.88 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.

Shares Outstanding

105M

YoY+0.6%

First Interstate Bancsystem had 105M shares outstanding in fiscal year 2024. This represents an increase of 0.6% from the prior year.

Gross Margin

N/A

Operating Margin

N/A

Net Margin

17.3%

YoY-2.8pp

5Y CAGR-15.3pp

10Y CAGR-14.3pp

First Interstate Bancsystem's net profit margin was 17.3% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.8 percentage points from the prior year.

Return on Equity

6.8%

YoY-1.1pp

5Y CAGR-2.1pp

10Y CAGR-2.4pp

First Interstate Bancsystem's ROE was 6.8% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 1.1 percentage points from the prior year.

R&D Spending

N/A

Share Buybacks

$1.2M

YoY-96.5%

5Y CAGR-13.7%

10Y CAGR-18.9%

First Interstate Bancsystem spent $1.2M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 96.5% from the prior year.

Capital Expenditures

N/A

FIBK Income Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Revenue	$1.3B+1.7%	$1.3B+25.3%	$1.0B+101.7%	$506.5M-3.4%	$524.4M-5.3%	$554.0M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$480.9M+19.8%	$401.3M+408.6%	$78.9M+356.1%	$17.3M-35.0%	$26.6M-54.9%	$59.0M
Income Tax	$68.5M-13.6%	$79.3M+44.4%	$54.9M-1.4%	$55.7M+15.8%	$48.1M-11.1%	$54.1M
Net Income	$226.0M-12.2%	$257.5M+27.3%	$202.2M+5.3%	$192.1M+19.2%	$161.2M-10.9%	$181.0M
EPS (Diluted)	$2.19-11.7%	$2.48+26.5%	$1.96-37.0%	$3.11+22.9%	$2.53-10.6%	$2.83

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Revenue	$292.0M-1.8%	$297.5M-1.9%	$303.3M-6.9%	$325.8M+0.6%	$324.0M-0.2%	$324.7M+0.1%	$324.3M+0.5%	$322.6M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$85.2M-5.6%	$90.3M-8.1%	$98.3M-11.8%	$111.5M-8.8%	$122.3M-1.8%	$124.6M+7.0%	$116.5M+7.0%	$108.9M
Income Tax	$21.2M-2.8%	$21.8M+34.6%	$16.2M+11.0%	$14.6M-20.7%	$18.4M+0.5%	$18.3M-5.7%	$19.4M-11.8%	$22.0M
Net Income	$71.4M-0.4%	$71.7M+42.8%	$50.2M-3.6%	$52.1M-13.2%	$60.0M+2.7%	$58.4M-5.0%	$61.5M-15.4%	$72.7M
EPS (Diluted)	$0.690.0%	$0.69+40.8%	$0.49-2.0%	$0.50-13.8%	$0.58+1.8%	$0.57-3.4%	$0.59-15.7%	$0.70

FIBK Balance Sheet

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Total Assets	$29.1B-5.0%	$30.7B-5.0%	$32.3B+64.1%	$19.7B+11.5%	$17.6B+20.5%	$14.6B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$896.6M+55.1%	$578.0M-33.6%	$870.5M-62.9%	$2.3B+3.0%	$2.3B+111.4%	$1.1B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B0.0%	$1.1B0.0%	$1.1B+77.1%	$621.6M0.0%	$621.6M0.0%	$621.6M
Total Liabilities	$25.8B-5.9%	$27.4B-6.1%	$29.2B+65.2%	$17.7B+12.7%	$15.7B+24.2%	$12.6B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$132.2M+33.5%	$99.0M+0.1%	$98.9M+0.2%	$98.7M+0.1%	$98.6M	$0
Total Equity	$3.3B+2.4%	$3.2B+5.0%	$3.1B+54.7%	$2.0B+1.4%	$2.0B-2.7%	$2.0B
Retained Earnings	$1.2B+2.8%	$1.1B+5.8%	$1.1B+1.9%	$1.1B+9.4%	$962.1M+0.9%	$953.6M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Total Assets	$27.3B-0.8%	$27.6B-2.5%	$28.3B-2.9%	$29.1B-3.8%	$30.3B+0.5%	$30.1B-1.7%	$30.7B+0.4%	$30.5B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.4B+32.9%	$1.1B+25.1%	$871.4M-2.8%	$896.6M-6.5%	$958.5M+50.9%	$635.0M+9.9%	$578.0M-2.5%	$593.1M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B0.0%	$1.1B
Total Liabilities	$23.9B-1.1%	$24.1B-3.1%	$24.9B-3.5%	$25.8B-4.5%	$27.1B+0.5%	$26.9B-1.9%	$27.4B0.0%	$27.5B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$146.2M-42.0%	$252.0M	N/A	$132.2M-65.5%	$383.4M+3.4%	$370.8M+274.5%	$99.0M	N/A
Total Equity	$3.4B+0.8%	$3.4B+1.8%	$3.4B+1.7%	$3.3B+2.4%	$3.2B+0.5%	$3.2B-0.6%	$3.2B+4.6%	$3.1B
Retained Earnings	$1.2B+1.9%	$1.2B+1.9%	$1.2B+0.2%	$1.2B+0.8%	$1.2B+1.0%	$1.1B+1.0%	$1.1B+1.1%	$1.1B

FIBK Cash Flow Statement

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Operating Cash Flow	$355.0M-17.1%	$428.0M-19.9%	$534.4M+89.3%	$282.3M+5.2%	$268.3M+110.8%	$127.3M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$1.8B+40.3%	$1.3B+232.1%	-$949.0M+55.2%	-$2.1B-13.4%	-$1.9B-11029.8%	-$16.8M
Financing Cash Flow	-$1.8B+9.1%	-$2.0B-86.3%	-$1.1B-155.6%	$1.9B-32.0%	$2.8B+1841.4%	$144.3M
Dividends Paid	$195.9M+0.4%	$195.1M+7.1%	$182.1M+79.2%	$101.6M-21.0%	$128.6M+62.4%	$79.2M
Share Buybacks	$1.2M-96.5%	$34.0M-82.9%	$199.0M+3585.2%	$5.4M-95.4%	$116.8M+4572.0%	$2.5M

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Operating Cash Flow	$91.7M+34.7%	$68.1M-13.2%	$78.5M-17.5%	$95.2M+15.7%	$82.3M-6.1%	$87.6M+26.4%	$69.3M-46.3%	$129.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	$743.7M-18.1%	$908.5M+9.0%	$833.7M+49.2%	$558.8M+208.0%	$181.4M-65.9%	$531.9M+797.1%	-$76.3M-125.9%	$294.8M
Financing Cash Flow	-$476.4M+37.1%	-$757.8M+19.2%	-$937.4M-105.6%	-$456.0M-862.5%	$59.8M+110.6%	-$562.5M-6844.4%	-$8.1M+98.4%	-$511.3M
Dividends Paid	$49.1M0.0%	$49.1M+2.3%	$48.0M-2.0%	$49.0M0.0%	$49.0M+0.4%	$48.8M+0.2%	$48.7M-1.0%	$49.2M
Share Buybacks	$27.5M	$0-100.0%	$3.2M	$0	$0-100.0%	$1.1M-96.6%	$32.2M	$0

FIBK Financial Ratios

Metric	FY24	FY23	FY22	FY21	FY20	FY19
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	17.3%-2.8pp	20.1%+0.3pp	19.8%-18.1pp	37.9%+7.2pp	30.7%-1.9pp	32.7%
Return on Equity	6.8%-1.1pp	8.0%+1.4pp	6.6%-3.1pp	9.7%+1.4pp	8.2%-0.8pp	9.0%
Return on Assets	0.8%-0.1pp	0.8%+0.2pp	0.6%-0.3pp	1.0%+0.1pp	0.9%-0.3pp	1.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.040.0	0.030.0	0.03-0.0	0.050.0	0.05+0.1	0.00
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q3'25	Q2'25	Q1'25	Q3'24	Q2'24	Q1'24	Q4'23	Q3'23
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	24.4%+0.4pp	24.1%+7.5pp	16.6%+0.6pp	16.0%-2.5pp	18.5%+0.5pp	18.0%-1.0pp	19.0%-3.6pp	22.5%
Return on Equity	2.1%-0.0pp	2.1%+0.6pp	1.5%-0.1pp	1.6%-0.3pp	1.9%+0.0pp	1.8%-0.1pp	1.9%-0.5pp	2.4%
Return on Assets	0.3%0.0pp	0.3%+0.1pp	0.2%0.0pp	0.2%-0.0pp	0.2%+0.0pp	0.2%-0.0pp	0.2%-0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	0.04-0.0	0.07-7.3	7.41+7.4	0.04-0.1	0.120.0	0.12+0.1	0.03-8.9	8.90
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

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Frequently Asked Questions

What is First Interstate Bancsystem's annual revenue?

First Interstate Bancsystem (FIBK) reported $1.3B in total revenue for fiscal year 2024. This represents a 1.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is First Interstate Bancsystem's revenue growing?

First Interstate Bancsystem (FIBK) revenue grew by 1.7% year-over-year, from $1.3B to $1.3B in fiscal year 2024.

Is First Interstate Bancsystem profitable?

Yes, First Interstate Bancsystem (FIBK) reported a net income of $226.0M in fiscal year 2024, with a net profit margin of 17.3%.

What is First Interstate Bancsystem's earnings per share (EPS)?

First Interstate Bancsystem (FIBK) reported diluted earnings per share of $2.19 for fiscal year 2024. This represents a -11.7% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

How much debt does First Interstate Bancsystem have?

As of fiscal year 2024, First Interstate Bancsystem (FIBK) had $896.6M in cash and equivalents against $132.2M in long-term debt.

What is First Interstate Bancsystem's net profit margin?

First Interstate Bancsystem (FIBK) had a net profit margin of 17.3% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.

Does First Interstate Bancsystem pay dividends?

Yes, First Interstate Bancsystem (FIBK) paid $1.88 per share in dividends during fiscal year 2024.

What is First Interstate Bancsystem's return on equity (ROE)?

First Interstate Bancsystem (FIBK) has a return on equity of 6.8% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.

What is First Interstate Bancsystem's operating cash flow?

First Interstate Bancsystem (FIBK) generated $355.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.

What are First Interstate Bancsystem's total assets?

First Interstate Bancsystem (FIBK) had $29.1B in total assets as of fiscal year 2024, including both current and long-term assets.

Does First Interstate Bancsystem buy back shares?

Yes, First Interstate Bancsystem (FIBK) spent $1.2M on share buybacks during fiscal year 2024, returning capital to shareholders by reducing shares outstanding.

How many shares does First Interstate Bancsystem have outstanding?

First Interstate Bancsystem (FIBK) had 105M shares outstanding as of fiscal year 2024.

What is First Interstate Bancsystem's debt-to-equity ratio?

First Interstate Bancsystem (FIBK) had a debt-to-equity ratio of 0.04 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Interstate Bancsystem's return on assets (ROA)?

First Interstate Bancsystem (FIBK) had a return on assets of 0.8% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.

What is First Interstate Bancsystem's Piotroski F-Score?

First Interstate Bancsystem (FIBK) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Interstate Bancsystem's earnings high quality?

First Interstate Bancsystem (FIBK) has an earnings quality ratio of 1.57x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.