FIBK
First Interstate BancSystem, Inc.
FIBK's fundamentals are strong: its operating margin rose 6 points to 38% and earnings per share grew 35%. At 12x earnings, it's trading below its usual 13x. Analysts expect earnings growth.
FIBK Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Strong | |
| N/A | |
| N/A |
FIBK's profitability is currently strong, and its revenue is stable. Free cash flow and net leverage aren't meaningful measures for financial services companies like FIBK.
FIBK PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 11x | $34.46 | -8.5% |
| Current | 12x | $37.67 | — |
| Fair | 13x | $42.01 | +12% |
| Forward | 13x | $37.67 | — |
| Expensive | 16x | $51.86 | +38% |
Historical ranges are pointers, not guarantees.
FIBK's PE is in its cheap range at 12x. On analysts' estimates for next year's earnings, today's price would be 13x, in its fair range.
FIBK Forward outlook
| Metric | Outlook |
|---|---|
| Deteriorating | |
| Growth | |
| Stable | |
| Improving | |
| Limited | |
| Moderate |
Analysts expect FIBK's earnings to grow and its profitability to improve, with its revenue holding steady.
FIBK Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $2.89 | -9.8% |
| Q3 2026 | $3.20 | +35% |
| Q2 2026 | $3.24 | +46% |
| Q1 2026 | $3.06 | +45% |
| Q4 2025 | $2.94 | +34% |
| Q3 2025 | $2.37 | +3.9% |
| Q2 2025 | $2.22 | -9% |
| Q1 2025 | $2.11 | -16% |
| Q4 2024 | $2.19 | -12% |
FIBK earned $3.20 per share over the past year, up 35% from the year before.
FIBK Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q3 2026 | $249.5M | -0.4% |
| Q2 2026 | $263.9M | +6.3% |
| Q1 2026 | $241.8M | -2.1% |
| Q4 2025 | $313M | +20% |
| Q3 2025 | $250.5M | -0.6% |
| Q2 2025 | $248.3M | +1.6% |
| Q1 2025 | $247M | +2% |
| Q4 2024 | $261.3M | +3.6% |
FIBK's revenue has picked up after three years of holding roughly level: $250M last quarter, about level with the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q3 2026 | 33% | -4.1 points |
| Q2 2026 | 41% | +3.3 points |
| Q1 2026 | 32% | +5.2 points |
| Q4 2025 | 44% | +19 points |
| Q3 2025 | 37% | +8.1 points |
| Q2 2025 | 38% | +5.6 points |
| Q1 2025 | 27% | -4.8 points |
| Q4 2024 | 26% | -6.5 points |
FIBK's operating margin was 33% last quarter, down 4.1 points from the same quarter a year ago.
FIBK Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q3 2026 | $105.7M | +15% |
| Q2 2026 | $57.9M | -15% |
| Q1 2026 | $55M | -30% |
| Q4 2025 | $67.3M | -29% |
| Q3 2025 | $91.7M | +2% |
| Q2 2025 | $68.1M | -17% |
| Q1 2025 | $78.5M | -10% |
| Q4 2024 | $95.2M | +37% |
FIBK's free cash flow was $286M over the past year, down 14% from the year before. Free cash flow isn't a meaningful measure for financial services companies like FIBK.
FIBK Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | -1.8% | -1.7M shares |
| 1 year | -8% | -8.3M shares |
| 3 years | -8.4% | -8.7M shares |
| 5 years | +54% | +33.3M shares |
| Available history | +49% | +31.2M shares |
FIBK has 95M diluted shares, down 8% from a year ago, with $326M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q3 2026 | $77.2M |
| Q2 2026 | $69.5M |
| Q1 2026 | $87.7M |
| Q4 2025 | $91.2M |
| Q3 2025 | $27.5M |
| Q2 2025 | — |
| Q1 2025 | $3.2M |
| Q4 2024 | — |
FIBK spent $326M buying back its own shares over the past year, more than ten times what it spent the year before.
FIBK Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q3 2026 | -0.7x | Net Cash |
| Q2 2026 | -0.7x | Net Cash |
| Q1 2026 | -0.7x | Net Cash |
| Q4 2025 | -0.5x | Net Cash |
| Q3 2025 | -0.6x | Net Cash |
| Q2 2025 | -0.5x | Net Cash |
| Q1 2025 | 1.7x | Healthy |
| Q4 2024 | -0.7x | Net Cash |
FIBK has more cash than debt. Net leverage isn't a meaningful measure for financial services companies like FIBK.
FIBK Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 54.6 | Neutral |
| Stochastic | 63.9 | Neutral |
FIBK's weekly RSI is 55 (neutral) and its Stochastic is 64 (neutral).
FIBK PE vs Financial Services Sector
| Metric | FIBK | Sector median | Relative |
|---|---|---|---|
| PE | 12x | 13x | 9.6% below |
| PE % | 30 | 63 | 33 pts below |
FIBK is trading at 12x earnings, in line with the Financial Services sector's median of 13x.
FIBK Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $36.5 | 3.1% above |
| 20 week MA | $37.4 | 0.6% above |
| 50 week MA | $36.3 | 3.8% above |
| 100 week MA | $33.2 | 13% above |
| 200 week MA | $30.7 | 23% above |
FIBK is in an uptrend: it's above all five of its weekly moving averages, and 23% above its 200-week average.
FIBK Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $41.8 | $40.7 | -2.8% |
| 2021 | $40.7 | $39.1 | -3.8% |
| 2022 | $39.1 | $38.3 | -2% |
| 2023 | $38.3 | $30.8 | -20% |
| 2024 | $30.8 | $32.4 | +5.3% |
| 2025 | $32.4 | $35.9 | +11% |
| 2026 YTD | $35.9 | $37.7 | +4.8% |
FIBK has finished lower in four of the last six years. It's up 4.8% so far in 2026.