Every 8-K that First Interstate BancSystem, Inc. (FIBK) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow FIBK and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full FIBK filings page.
First Interstate BancSystem, Inc. (FIBK) has executed an employment agreement with Jeff Lee, under which his previously announced appointment as Executive Vice President and Chief Operations Officer of the company and its wholly owned subsidiary First Interstate Bank became effective on September 14, 2026.
The agreement provides severance if his employment is terminated without cause or for “good reason,” including cash payments equal to up to two times Base Salary plus incentive components and continued insurance coverage for up to 24 months, with enhanced benefits if a qualifying termination occurs in connection with a “change in control.” It also includes 12–18 month non-competition and non-solicitation restrictions and contains provisions addressing potential “excess parachute payments” under Section 280G of the Internal Revenue Code.
FIRST INTERSTATE BANCSYSTEM INC (FIBK) reported the appointment of Jeff Lee as Executive Vice President and Chief Operations Officer of the company and its wholly owned subsidiary, First Interstate Bank. His employment is expected to begin formally on September 14, 2026.
Under an Employment Agreement expected to be finalized by the Effective Date, Mr. Lee’s initial annual base salary is set at $480,000, with participation in incentive, bonus, and long-term incentive plans available to similarly situated executives. He is also expected to receive time-based restricted stock units with a grant date value of $200,000, vesting in three equal annual installments beginning on September 14, 2027, subject to continued employment. The Employment Agreement is expected to have an initial one-year term with automatic one-year renewals unless terminated or non-renewed with at least 90 days’ notice.
First Interstate BancSystem, Inc. reported strong second-quarter 2026 results, with net income of $83.9 million and diluted EPS of $0.87, up from $0.61 in the prior quarter and $0.69 a year earlier. Net interest income was $202.2 million, while noninterest income rose to $61.7 million, driven largely by a $19.5 million gain on the sale of eleven Nebraska branches. The net interest margin was 3.45%, and the fully taxable equivalent margin was 3.48%, both modestly higher than the prior quarter.
Loans held for investment declined to $14.28 billion, and deposits to $21.44 billion, reflecting paydowns and completed branch divestitures; the loan-to-deposit ratio was 66.6%. Credit quality was mixed: the allowance for credit losses was 1.28% of loans, but annualized net charge-offs increased to 0.27% of average loans, and non-performing assets were $165.0 million. Criticized loans improved to $937.4 million, down 9.3% from the prior quarter. Capital remained robust with a CET1 ratio of 14.54% and total risk-based capital of 17.30%. The company repurchased 1.93 million shares for $68.7 million in the quarter, expanded its repurchase authorization to $450.0 million since inception, and declared a $0.47 per-share dividend payable August 14, 2026.
First Interstate BancSystem, Inc. appointed Matthew Ritter and Kevin Turner as Class II directors effective July 13, 2026, with terms expiring at the Company’s 2029 annual meeting of shareholders. Their appointments fill vacancies created when the Board increased its size.
Ritter brings more than 25 years of finance, real estate, energy and private investment experience and will serve on the Risk Committee and the Technology, Innovation and Operations Committee. Turner, a former Chief Operating Officer of Microsoft and former senior executive at Walmart, will serve on the Audit Committee and the Technology, Innovation and Operations Committee. Both will receive the same compensation as other non-employee directors, including restricted stock units, and have been determined to be independent under NASDAQ Marketplace Rules. As of July 16, 2026, the Board has 13 members across three director classes.
First Interstate, Inc. reported that, effective July 9, 2026, it involuntarily terminated, without cause, the employment of Mr. Kirk D. Jensen as Executive Vice President and General Counsel/Corporate Secretary of the company and its subsidiary First Interstate Bank.
The company plans a national search for a successor, and its other in-house lawyers are expected to perform the role until a new General Counsel/Corporate Secretary is appointed. The company states that the termination did not result from any disagreement regarding financial reporting, operations, policies, practices, or any other matter.
First Interstate BancSystem, Inc. reported several governance changes tied to its 2026 annual shareholder meeting. Three long‑tenured directors, Patricia L. Moss, David L. Jahnke and Stephen M. Lacy, reached the mandatory retirement age of 72 and resigned from the board. The company reduced the board size from 14 to 11 directors to remove resulting vacancies.
Shareholders approved a Charter amendment that, together with amended bylaws, introduces a plurality voting standard for director elections in contested situations, while retaining a majority vote standard in uncontested elections. Shareholders also approved the board’s Class II director nominees, supported executive compensation on an advisory basis, and ratified Ernst & Young LLP as independent auditor for the fiscal year ending December 31, 2026.
First Interstate BancSystem, Inc. reported a leadership change involving its Chief Operations Officer. On May 11, 2026, the company terminated, without cause, Kristina Robbins’ employment as Executive Vice President and COO and simultaneously moved her into a new role as Executive Advisor to CEO James Reuter.
Robbins will assist with transitioning her prior COO responsibilities and provide strategic and operational support while reporting to the CEO. Her Executive Advisor role is expected to run through August 1, 2026, and she will continue to receive her current compensation and benefits during this period.
The CEO is expected to take on COO responsibilities until a successor is appointed. The filing also notes that, assuming certain conditions under her agreement are met, Robbins’ separation from the COO position will be treated as an involuntary termination under her existing employment agreement. A Transition and Separation Agreement and General Release dated May 11, 2026 is filed as Exhibit 10.1.
First Interstate BancSystem, Inc. reported first-quarter 2026 net income of $60.2 million, or $0.61 per diluted share, down from $108.8 million in the prior quarter but up from $50.2 million a year earlier.
Net interest income was $200.7 million and net interest margin improved to 3.41%, with fully taxable equivalent margin at 3.43% and adjusted FTE margin at 3.38%. Noninterest income fell versus the prior quarter due to a prior one-time gain on Arizona and Kansas branch sales, while fee-based revenues were relatively stable.
Credit quality metrics improved overall: net loan charge-offs declined to $2.4 million, or 0.06% of average loans, and criticized loans eased, though non-performing assets rose to $162.5 million mainly from one client relationship. Loans held for investment were $14.7 billion and deposits $21.9 billion, yielding a 67.3% loan-to-deposit ratio.
Capital remained strong, with a common equity tier 1 ratio of 14.30% and total risk-based capital of 17.07%. The board declared a quarterly dividend of $0.47 per share, equating to a 5.3% annualized yield based on the quarter’s average share price, and the company repurchased 2.39 million shares for about $84.0 million under its $300.0 million authorization.
First Interstate BancSystem, Inc. filed a current report outlining several shareholder updates. The company issued a press release covering its financial results for the quarter ended December 31, 2025, and furnished it as an exhibit. It also posted an updated corporate presentation on its website, providing an overview of the company and its operations.
The Board of Directors declared a cash dividend of $0.47 per share, payable on February 20, 2026, to shareholders of record as of February 10, 2026. These materials are furnished as exhibits and are not deemed filed for liability purposes under federal securities laws.
First Interstate BancSystem, Inc. announced an executive leadership transition in its banking operations. Executive Vice President and Co-Chief Banking Officer Lorrie F. Asker has, at her prompting, moved out of the Co-CBO role and into an executive advisor position to the CEO, effective immediately. This advisory role is expected to run through the end of the first quarter of 2026, during which she will support the transition of responsibilities, maintain key client and employee relationships, and continue to receive her current compensation, benefits, eligibility for short-term incentives, and continued vesting of outstanding long-term incentive awards.
Chris L. Shepler, previously Executive Vice President and Co-CBO, has been appointed the company’s sole Chief Banking Officer. Under a new employment agreement with an initial one-year term, Mr. Shepler will receive an initial annual base salary of $480,000 and has been granted performance-based restricted stock units with a grant date value of $50,000. The agreement provides defined severance and benefit continuation protections in the event of certain terminations, including enhanced payments and extended non-competition and non-solicitation periods in connection with a change in control.
First Interstate BancSystem, Inc. (FIBK) filed an 8-K announcing quarterly updates and a dividend. The company furnished a press release with financial results for the quarter ended September 30, 2025 and posted a refreshed corporate presentation on its website.
The Board of Directors declared a $0.47 per share dividend, payable on November 20, 2025 to shareholders of record as of November 10, 2025. The press release (Exhibit 99.1) and the presentation (Exhibit 99.2) were furnished and incorporated by reference as described.
First Interstate BancSystem (FIBK) announced a branch divestiture. Its subsidiary, First Interstate Bank, entered a Purchase and Assumption Agreement with Security First Bank for Security First to acquire 11 branches in Nebraska, including the deposits and loans identified in the agreement, along with the owned real estate and other associated assets.
The transaction remains subject to regulatory approval and other customary closing conditions, with closing currently anticipated by early 2026. The disclosure was furnished under Regulation FD (Item 7.01), and a joint press release was attached as Exhibit 99.1.
First Interstate BancSystem (FIBK) completed a branch divestiture. On October 10, 2025, its subsidiary First Interstate Bank closed the previously announced transaction with Enterprise Bank & Trust, under which Enterprise acquired twelve branches in Arizona and Kansas.
The transfer includes specified deposits and loans, the owned real estate, and fixed and other assets tied to the branches. The disclosure was furnished under Item 7.01 of Regulation FD.
First Interstate BancSystem, Inc. announced a senior management realignment effective September 10, 2025, splitting its Chief Banking Officer role into two Co-Chief Banking Officer positions. Lorrie Asker, the incumbent Chief Banking Officer and a named executive in the 2024 proxy, will serve as one Co-Chief Banking Officer with responsibility for branches in Arizona, Idaho, Montana, Oregon, Washington, and Wyoming. Chris Shepler, formerly Managing Director and National Commercial Banking Region Coverage Executive at Wells Fargo with over 30 years of experience, will serve as the other Co-Chief Banking Officer covering Colorado, Iowa, Kansas, Minnesota, Missouri, Nebraska, North Dakota, and South Dakota. The company stated no other changes were made to Ms. Asker’s employment and that there were no related-party transactions involving Mr. Shepler since the start of the last fiscal year.
First Interstate BancSystem, Inc. announced that the Board appointed Ms. Renu Agrawal as a Class III director to fill a newly created vacancy, with her term expiring at the 2027 annual meeting. Ms. Agrawal brings extensive industry experience, including 13 years at Wells Fargo leading strategic initiatives and multiple divisions, prior COO roles at ValleyCrest Companies and Quisic Corporation, consulting experience at McKinsey, and earlier scientific work at Polaroid. The Board determined she is an independent director under NASDAQ rules. She will receive standard non-employee director compensation, including restricted stock units, and will join the Governance and Nominating Committee and the Technology, Innovation and Operations Committee. Following the appointment, the Board has 14 members across three classes.
First Interstate BancSystem, Inc. filed an amended report to update board committee assignments for new director Michael L. Scudder. He was previously appointed as a Class I director with a term beginning on August 13, 2025 and ending at the 2028 annual meeting of stockholders.
Effective August 28, 2025, the board appointed Mr. Scudder to serve on the Audit Committee and the Risk Committee. The amendment states that all other information from the earlier report announcing his board appointment remains unchanged.
First Interstate BancSystem, Inc. announced that its board approved a new stock repurchase program authorizing up to $150.0 million of common stock repurchases through March 31, 2027. As of July 31, 2025, the company had 104,856,752 shares outstanding and the closing share price was $32.20 on August 27, 2025. Repurchases may occur via open market purchases, private transactions, block trades, Rule 10b5-1 trading plans, or other lawful methods, and are intended to comply with Rule 10b-18 where applicable. The company said repurchases are discretionary, subject to market conditions, liquidity, alternative capital uses and other factors, and that it is not obligated to repurchase any specific amount of shares. Reporting of actual repurchases will appear in future Form 10-Q and 10-K filings.
First Interstate BancSystem, Inc. redeemed all outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 on August 15, 2025. The company paid a redemption price equal to 100% of principal plus accrued and unpaid interest to, but excluding, the Redemption Date, after notifying holders on July 3, 2025. First Interstate irrevocably deposited funds with the trustee sufficient to satisfy the redemption and, as a result, has been released from its obligations under those Notes and the First Supplemental Indenture effective on the Redemption Date. The Base Indenture, as supplemented by the Second Supplemental Indenture dated June 10, 2025, remains in effect for the company’s outstanding $125,000,000 aggregate principal amount of 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035.
First Interstate BancSystem, Inc. (FIBK) announced that on August 13, 2025 the Board appointed Michael L. Scudder as a Class I director with a term expiring at the 2028 annual meeting. The appointment fills a newly created vacancy after the Board increased its size; the Board now has 13 members across three classes (five Class I, four Class II, four Class III). Mr. Scudder retired as Executive Chairman of Old National Bancorp on January 31, 2024 after a 38-year banking career and previously served as President and CEO and as CFO at First Midwest. The Board determined he is independent under NASDAQ rules, he has no reportable related-party transactions since the start of the last fiscal year, and he will receive the standard non-employee director compensation including restricted stock units.