First Interstate BancSystem (NASDAQ:FIBK) Announces Earnings Results, Beats Expectations By $0.19 EPS

First Interstate BancSystem (NASDAQ:FIBK) issued its quarterly earnings data on Thursday. The financial services provider reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.19, Zacks reports. The company had revenue of $99.10 million during the quarter, compared to the consensus estimate of $249.32 million. First Interstate BancSystem had a return on equity of 9.13% and a net margin of 22.64%.

First Interstate BancSystem Stock Performance

FIBK traded down $0.23 during midday trading on Friday, reaching $37.87. The company had a trading volume of 478,530 shares, compared to its average volume of 1,162,655. The business has a 50-day moving average price of $37.09 and a two-hundred day moving average price of $36.01. The company has a debt-to-equity ratio of 0.09, a quick ratio of 0.70 and a current ratio of 0.70. First Interstate BancSystem has a 12-month low of $27.60 and a 12-month high of $40.60. The stock has a market cap of $3.68 billion, a PE ratio of 12.33 and a beta of 0.76.

First Interstate BancSystem Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 14th. Shareholders of record on Tuesday, August 4th will be paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 5.0%. The ex-dividend date is Tuesday, August 4th. First Interstate BancSystem’s payout ratio is presently 61.24%.

First Interstate BancSystem News Summary

Here are the key news stories impacting First Interstate BancSystem this week:

• Positive Sentiment: First Interstate BancSystem reported Q2 2026 earnings of $0.87 per share, topping consensus estimates and improving from both the prior quarter and a year ago. The company also highlighted progress on strategic actions, including completing the sale of eleven branches. Article Title
• Positive Sentiment: The board declared a quarterly dividend of $0.47 per share, payable on August 14 to shareholders of record on August 4, implying an annualized yield of about 4.9%. That supports the stock’s income appeal for investors. Article Title
• Neutral Sentiment: While earnings beat expectations, quarterly revenue of $99.1 million was well below one analyst estimate cited in the release coverage, which may limit enthusiasm despite the stronger profit performance. Article Title

Insider Transactions at First Interstate BancSystem

In other First Interstate BancSystem news, major shareholder Julie A. Scott sold 15,000 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $35.97, for a total transaction of $539,550.00. Following the completion of the transaction, the insider owned 488,359 shares in the company, valued at $17,566,273.23. This trade represents a 2.98% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, major shareholder Jonathan R. Scott sold 4,500 shares of First Interstate BancSystem stock in a transaction dated Wednesday, June 17th. The stock was sold at an average price of $36.29, for a total transaction of $163,305.00. Following the completion of the transaction, the insider owned 862,128 shares of the company’s stock, valued at $31,286,625.12. The trade was a 0.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 32,392 shares of company stock worth $1,161,552 over the last 90 days. 8.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On First Interstate BancSystem

A number of large investors have recently made changes to their positions in FIBK. Wellington Management Group LLP boosted its stake in First Interstate BancSystem by 20.4% in the 3rd quarter. Wellington Management Group LLP now owns 5,915,425 shares of the financial services provider’s stock worth $188,525,000 after purchasing an additional 1,003,021 shares during the period. State Street Corp boosted its position in shares of First Interstate BancSystem by 29.7% in the fourth quarter. State Street Corp now owns 5,482,245 shares of the financial services provider’s stock valued at $189,686,000 after acquiring an additional 1,254,321 shares during the period. Victory Capital Management Inc. grew its stake in First Interstate BancSystem by 4.4% during the fourth quarter. Victory Capital Management Inc. now owns 2,076,339 shares of the financial services provider’s stock valued at $71,841,000 after acquiring an additional 87,136 shares in the last quarter. North Reef Capital Management LP grew its stake in First Interstate BancSystem by 132.4% during the fourth quarter. North Reef Capital Management LP now owns 1,974,999 shares of the financial services provider’s stock valued at $68,335,000 after acquiring an additional 1,124,999 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings in First Interstate BancSystem by 29.1% during the 3rd quarter. Bank of America Corp DE now owns 1,848,889 shares of the financial services provider’s stock worth $58,924,000 after acquiring an additional 416,328 shares during the period. 88.71% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

FIBK has been the subject of several research analyst reports. Wells Fargo & Company lifted their price objective on shares of First Interstate BancSystem from $30.00 to $36.00 and gave the company an “underweight” rating in a research note on Monday, March 30th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $37.00 price target (down from $38.00) on shares of First Interstate BancSystem in a research report on Friday, May 1st. Wall Street Zen raised shares of First Interstate BancSystem from a “strong sell” rating to a “sell” rating in a research note on Monday, June 22nd. DA Davidson downgraded shares of First Interstate BancSystem from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $41.00 to $39.00 in a research report on Wednesday, May 27th. Finally, Barclays raised their price target on shares of First Interstate BancSystem from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 7th. Two investment analysts have rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $37.33.

First Interstate BancSystem Company Profile

First Interstate BancSystem, Inc is a bank holding company headquartered in Billings, Montana. Through its principal subsidiary, First Interstate Bank, the company provides a full range of commercial and consumer banking services. Its offerings include business lending, commercial real estate financing, agricultural loans, residential mortgage products, and deposit accounts suitable for individuals, small businesses, and large corporations.

The company traces its roots back to the late 1960s and has grown through a combination of organic expansion and strategic acquisitions across the Western United States.