First Interstate Bancsystem SEC Filings

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 (FIBK) filed a Form 4 reflecting the reporting person’s status as a Director and 10% Owner and reporting 5,224 shares of common stock held directly following the reported event on 11/12/2025.

The filing notes that an earlier submission on November 12, 2025 inadvertently omitted the reporting person’s direct holdings, which are properly reflected here. The form indicates individual filing status and direct ownership; no transaction details or prices are listed in the provided excerpt.

First Interstate BancSystem (FIBK) insider filing reports indirect ownership changes and open‑market sales by entities associated with a Director and 10% Owner.

Three entries coded “W” added 30,432, 45,154, and 67,482 shares at $0 to indirect holdings on 09/09/2025, 09/10/2025, and 09/17/2025. Subsequent sales included 20,000 shares at $32.06 on 11/10/2025 by Awe' LLC and 15,000 shares at $32.14 on 11/11/2025 by Bench Ranch LLC.

Post‑transaction balances show Awe' LLC at 47,482 shares and Bench Ranch LLC at 30,154 shares. An indirect balance of 1,445,068 shares is listed with detailed footnotes describing trusts, a limited partnership, and family accounts. Footnotes note possible “group” status among certain stockholders, with beneficial ownership disclaimed except to the extent of pecuniary interest.

First Interstate BancSystem, Inc. reported stronger results for the quarter ended September 30, 2025. Net income rose to $71.4 million from $55.5 million a year earlier, with diluted EPS at $0.69 versus $0.54. Net interest income was $206.8 million, slightly above last year, while the provision for credit losses was zero this quarter compared with $19.8 million in 2024, supporting earnings.

Total assets were $27.3 billion, down from $29.1 billion at December 31, 2024, as loans held for investment declined to $15.8 billion and FHLB borrowings were reduced from $1.57 billion to zero. Deposits remained sizable at $22.6 billion. Capital levels stayed strong, with total risk-based capital ratios well above regulatory minimums.

The company issued $125.0 million of new 7.625% subordinated notes due 2035 and redeemed $100.0 million of 5.25% subordinated notes. It also authorized a $150.0 million share repurchase program and bought back 952,074 shares year-to-date, while continuing to pay common dividends totaling $1.41 per share for the first nine months of 2025.

First Interstate BancSystem (FIBK) director reported a sale of 4,800 shares of common stock at $31.27 on 11/03/2025, according to a Form 4 filing. Following the transaction, the reporting persons show 941,024 shares beneficially owned indirectly.

Footnotes state these holdings are spread across multiple accounts, including a trust for Jonathan R. Scott, IXL Limited Liability Company, several family trusts, and shares held by the reporting person’s spouse. The filing notes the reporting persons may be deemed part of a group with shared beneficial ownership, while disclaiming beneficial ownership beyond their pecuniary interest.

First Interstate BancSystem (FIBK) insider reported a sale on a Form 4. On 11/03/2025, the reporting person sold 10,000 shares of common stock (Transaction Code S) at $30.99 per share.

Following the transaction, 234,460 shares were beneficially owned indirectly. The filing states these are held of record by the Susan Scott Heyneman Trust, with Susan Heyneman & First Interstate Wealth Management as co‑trustees. Ownership is reported as Indirect (I).

First Interstate BancSystem (FIBK) insiders reported a sale of 7,000 shares of common stock on October 29, 2025 at a weighted average price of $32.09. The sale occurred in multiple trades within a price range of $32.00–$32.64. After the transaction, the reporting persons beneficially owned 945,824 shares indirectly. The filing was made by more than one reporting person, and the indirect holdings span several trusts, an LLC, and a spouse’s account as described in the footnotes.

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.