FIRST INTERSTATE BANCSYSTEM (FIBK) Company Report

First Interstate BancSystem (FIBK) reported net income of $71.4 million and $0.69 per diluted share for the third quarter of 2025.
The company is actively executing a share repurchase authorization and completed the divestiture of branches in Arizona and Kansas in October, anticipating a $60 million pre-tax gain in Q4 2025.
Credit quality stabilized in Q3 2025, with non-performing assets decreasing 6% to $185.6 million and net charge-offs decreasing 60% to $2.3 million.
For 2026, FIBK anticipates mid single-digit net interest income expansion and low single-digit expense growth.

Oct 30, 2025, 1:30 PM

Transcript

First Interstate BancSystem, Inc. Reports Q3 2025 Earnings and Strategic Updates

FIBK

Earnings

Share Buyback

Dividends

First Interstate BancSystem, Inc. reported net income of $71.4 million and $0.69 earnings per share for the third quarter of 2025, with the Net Interest Margin (FTE) increasing by 4 basis points to 3.36%.
The company's balance sheet showed a decrease in Loans held for investment by $519.0 million and deposits by $25.6 million from the prior quarter, while other borrowed funds were reduced to $0 as of September 30, 2025.
Capital ratios strengthened, with CET1 at 13.90% and Total Risk-Based Capital at 16.62% for Q3 2025. The company also repurchased approximately 1.8 million shares for $57.2 million through October 28, 2025.
Asset quality improved, with net charge-offs of $2.3 million (or 6 basis points of average loans) and a 6.1% decrease in non-performing loans to $182.2 million.

Oct 30, 2025, 1:30 PM

Presentation

First Interstate BancSystem Reports Q3 2025 Results, Details Strategic Divestitures and 2026 Outlook

FIBK

Earnings

Guidance Update

Share Buyback

First Interstate BancSystem (FIBK) reported net income of $71.4 million, or $0.69 per diluted share, for Q3 2025, with a fully taxable equivalent net interest margin of 3.36%.
Credit quality improved in Q3 2025, as non-performing assets decreased 6% to $185.6 million as of September 30, 2025, and net charge-offs decreased 60% to $2.3 million.
The company is actively executing strategic initiatives, including a share repurchase authorization announced in August and branch divestitures in Arizona and Kansas (closed October 10th) and Nebraska (announced October 16th). The Arizona and Kansas divestiture is expected to result in an approximately $60 million pre-tax gain in Q4 2025.
Regulatory capital ratios continued to increase, with the CET1 capital ratio ending Q3 2025 at 13.9%. Management stated they do not intend to hold excess capital and are considering additional returns to shareholders.
For 2026, the company anticipates mid-single-digit net interest income expansion and expects to keep expense growth to a low single-digit increase over the full-year 2025 level.

Oct 30, 2025, 1:30 PM

Transcript

First Interstate BancSystem Reports Q3 2025 Results and Strategic Updates

FIBK

Earnings

Share Buyback

M&A

First Interstate BancSystem (FIBK) reported net income of $71.4 million and diluted earnings per share of $0.69 for the third quarter of 2025. The fully taxable equivalent net interest margin was 3.36%, an increase from 3.32% in the prior quarter.
The company is actively executing a share repurchase authorization, having repurchased approximately 1.8 million shares, or about 1.7% of common shares outstanding, through October 28th. Share repurchases are considered the immediate capital allocation priority.
FIBK completed the divestiture of its Arizona and Kansas branches on October 10th, anticipating an approximately $60 million pre-tax gain in Q4 2025 results. Additionally, the sale of 11 Nebraska branches, comprising roughly $280 million in deposits and $70 million in associated loans, was announced, with an anticipated closing in Q2 2026.
Loan balances decreased by $519 million in Q3 2025, but management is optimistic about a return to loan growth in 2026. The Common Equity Tier 1 (CET1) capital ratio increased to 13.9%.

Oct 30, 2025, 1:30 PM

Transcript

First Interstate BancSystem, Inc. Reports Third Quarter 2025 Earnings

FIBK

Earnings

Dividends

Share Buyback

First Interstate BancSystem, Inc. reported net income of $71.4 million, or $0.69 per diluted share, for the third quarter of 2025. This compares to net income of $71.7 million, or $0.69 per diluted share, for the second quarter of 2025 and $55.5 million, or $0.54 per diluted share, for the third quarter of 2024.
The company's net interest margin increased to 3.34% for the third quarter of 2025, a 4-basis point increase from the second quarter of 2025 and a 33-basis point increase from the third quarter of 2024.
Other borrowed funds decreased to zero as of September 30, 2025, from $250.0 million as of June 30, 2025. Additionally, non-performing assets decreased $11.9 million, or 6.0%, to $185.6 million as of September 30, 2025.
Capital ratios continued to improve, with the common equity tier 1 capital ratio increasing 47 basis points to 13.90% in the third quarter of 2025.
The company repurchased approximately 1.8 million shares of common stock for approximately $57.2 million through October 28, 2025, and declared a dividend of $0.47 per common share on October 28, 2025.

Oct 29, 2025, 8:09 PM

Press Release

First Interstate BancSystem, Inc. Reports Third Quarter 2025 Earnings

FIBK

Earnings

Dividends

Share Buyback

First Interstate BancSystem, Inc. reported net income of $71.4 million, or $0.69 per diluted share, for the third quarter of 2025.
The net interest margin increased to 3.34% for the third quarter of 2025, a 4-basis point increase from the prior quarter, and the common equity tier 1 capital ratio improved 47 basis points to 13.90%.
Other borrowed funds decreased to zero as of September 30, 2025, from $250.0 million as of June 30, 2025, and non-performing assets decreased $11.9 million, or 6.0%, to $185.6 million. The company also had no provision for credit losses during the quarter.
The Company repurchased approximately 1.8 million shares of common stock for a total of approximately $57.2 million through October 28, 2025, and declared a dividend of $0.47 per common share.

Oct 29, 2025, 8:06 PM

8-K

First Interstate BancSystem to Sell 11 Nebraska Branches to Security First Bank

FIBK

M&A

First Interstate BancSystem, Inc. (FIBK) announced an agreement to sell eleven Nebraska branches to Security First Bank.
The transaction involves the transfer of approximately $280 million in deposits and $70 million in loans as of September 30, 2025.
The sale is subject to regulatory approval and customary closing conditions, with an expected closing in early 2026.

Oct 16, 2025, 8:01 PM

8-K

First Interstate BancSystem to Divest 11 Nebraska Branches

FIBK

M&A

New Projects/Investments

First Interstate BancSystem has agreed to sell eleven (11) Nebraska branches from its subsidiary, First Interstate Bank, to Security First Bank.
As of September 30, 2025, the branches being acquired included approximately $280 million in deposits and $70 million in loans.
The transaction is subject to regulatory approval and is expected to close in early 2026.
This agreement allows First Interstate to redeploy capital to accelerate growth in its strongest markets.

Oct 16, 2025, 8:01 PM

Press Release

Enterprise Bank & Trust Completes Branch Acquisition from First Interstate Bank

FIBK

M&A

Enterprise Bank & Trust (EB&T), a subsidiary of Enterprise Financial Services Corp (EFSC), has completed the acquisition of twelve branches from First Interstate Bank (FIB), a wholly-owned subsidiary of First Interstate BancSystem, Inc..
The acquisition includes ten branches in Arizona and two branches in Kansas.
The acquired branches add approximately $300 million in loans and $645 million in deposits.
Following the acquisition, Enterprise will have approximately $17 billion in total assets.

Oct 14, 2025, 2:00 PM

Press Release

First Interstate BancSystem Announces New Share Repurchase Program

FIBK

Share Buyback

First Interstate BancSystem, Inc. (FIBK) announced on August 28, 2025, that its board of directors adopted a new stock repurchase program.
The program authorizes the repurchase of up to $150 million worth of its common stock.
The stock repurchase program is authorized until March 31, 2027.
Repurchases may be conducted through various methods, including open market purchases, private transactions, block trades, or Rule 10b5-1 trading plans.

Aug 28, 2025, 8:35 PM

8-K

Earnings Transcripts

Quarterly earnings call transcripts for FIRST INTERSTATE BANCSYSTEM.

Q3 2025

Oct 30, 2025

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Q2 2025

Jul 30, 2025

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Q1 2025

Apr 30, 2025

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View All Transcripts

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FIRST INTERSTATE BANCSYSTEM (FIBK)

Analyst Earnings Quarterly Reports

Q3 2025

Q2 2025

Q1 2025

Q4 2024

Executives

James A. Reuter

David P. Della Camera

Kirk D. Jensen

Kristina R. Robbins

Lori A. Meyer

Lorrie F. Asker

Board Members

Alice S. Cho

Daniel A. Rykhus

David L. Jahnke

Dennis L. Johnson

James R. Scott, Jr.

Jeremy P. Scott

John M. Heyneman, Jr.

Joyce A. Phillips

Patricia L. Moss

Stephen B. Bowman

Stephen M. Lacy

Analyst Coverage

Andrew Terrell

Matthew Clark

Timur Braziler

Jeff Rulis

Christopher McGratty

Jared Shaw

Timothy Coffey

Jared David Shaw

John Roy

Kelly Motta

Nicholas Moutafakis

Samuel Varga

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