NASDAQ · Financial Statements

First Interstate BancSystem, Inc. (FIBK) Financial Statements

$36.78 NASDAQ: FIBK Market Cap $3.51B

First Interstate BancSystem, Inc. most recently reported annual revenue of $1.1B, net profit of $302.0M. Revenue grew at an average annual rate of 9.2% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

First Interstate BancSystem, Inc.: Revenue rose from $430.0M in 2016 to $1.1B in 2025, a change of +146.0% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 33.8% to 37.0%, a shift of +3.2 percentage points; the most recent year shows net profit of $302.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$430.0M$520.0M$612.0M$697.0M$680.0M$656.0M$1.2B$1.4B$1.5B$1.1B
Operating Expenses$284.0M$363.0M$406.0M$462.0M$471.0M$408.0M$928.0M$1.1B$1.2B$667.0M
Operating Profit$145.0M$157.0M$206.0M$235.0M$209.0M$248.0M$257.0M$337.0M$295.0M$392.0M
Operating Margin33.8%30.2%33.7%33.8%30.8%37.8%21.7%23.6%19.9%37.0%
Other Income$0$0$0$0$0$0$0$0$0$0
Interest$18.0M$28.0M$41.0M$59.0M$27.0M$17.0M$79.0M$401.0M$481.0M$353.0M
Depreciation$19.0M$18.0M$28.0M$39.0M$45.0M$44.0M$56.0M$54.0M$57.0M$51.0M
Profit Before Tax$145.0M$157.0M$206.0M$235.0M$209.0M$248.0M$257.0M$337.0M$295.0M$392.0M
Tax$34.2M$32.0M$22.4M$23.0M$23.0M$22.5M$21.4M$23.6M$23.3M$22.9M
Net Profit$96.0M$107.0M$160.0M$181.0M$161.0M$192.0M$202.0M$258.0M$226.0M$302.0M
EPS$2.13$2.05$2.75$2.83$2.53$3.11$1.96$2.48$2.19$2.94
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$365.0M$369.0M$367.0M$367.0M$374.0M$373.0M$345.0M$339.0M$336.0M$313.0M$243.0M$62.0M
Operating Expenses$270.0M$288.0M$290.0M$288.0M$302.0M$306.0M$279.0M$245.0M$243.0M$174.0M$165.0M$-46.0M
Operating Profit$95.0M$81.0M$77.0M$78.0M$73.0M$67.0M$66.0M$94.0M$93.0M$139.0M$78.0M$108.0M
Operating Margin26.0%21.9%20.9%21.4%19.4%17.9%19.2%27.6%27.6%44.5%31.9%175.4%
Interest$109.0M$117.0M$125.0M$122.0M$123.0M$112.0M$98.0M$90.0M$85.0M$79.0M$71.0M$68.0M
Profit Before Tax$95.0M$81.0M$77.0M$78.0M$73.0M$67.0M$66.0M$94.0M$93.0M$139.0M$78.0M$108.0M
Tax$23.2M$24.0M$23.9M$23.5M$23.7M$21.9M$24.4M$23.3M$22.9M$21.8M$22.3M$22.5M
Net Profit$73.0M$62.0M$58.0M$60.0M$56.0M$52.0M$50.0M$72.0M$71.0M$109.0M$60.0M$84.0M
EPS$0.70$0.59$0.57$0.58$0.54$0.50$0.49$0.69$0.69$1.08$0.61$0.87

Over the 10 years reported for First Interstate BancSystem, Inc., borrowings increased from $650.0M in 2016 to $776.0M in 2025, cash stood at $358.0M in the latest year, shareholders' equity was $2.4B, current assets covered current liabilities 0.04 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$9.1B$12.2B$13.3B$14.6B$17.6B$19.7B$32.3B$30.7B$29.1B$26.6B
Current Assets$2.4B$3.0B$3.1B$4.1B$6.3B$7.2B$7.9B$6.5B$1.1B$461.0M
Cash$782.0M$759.0M$822.0M$1.1B$2.3B$2.3B$870.0M$578.0M$897.0M$358.0M
Inventory$0$0$0$0$0$0$0$0$0$0
Receivables$30.0M$38.0M$45.0M$47.0M$51.0M$47.0M$118.0M$129.0M$117.0M$103.0M
Fixed Assets$194.0M$242.0M$245.0M$306.0M$312.0M$300.0M$445.0M$444.0M$427.0M$407.0M
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$7.5B$10.2B$11.1B$12.0B$13.8B$15.7B$28.4B$27.1B$25.4B$23.8B
Other Assets$213.0M$445.0M$547.0M$622.0M$622.0M$622.0M$1.1B$1.1B$1.1B$1.1B
Total Liabilities$8.1B$10.8B$11.6B$12.6B$15.7B$17.7B$29.2B$27.4B$25.8B$23.2B
Current Liabilities$8.0B$10.7B$11.5B$12.5B$15.5B$17.5B$28.9B$27.1B$25.5B$12.1B
Borrowings$650.0M$759.0M$815.0M$798.0M$1.3B$1.3B$3.7B$3.7B$2.4B$776.0M
Other Liabilities$7.4B$10.0B$10.8B$11.8B$14.4B$16.4B$25.6B$23.8B$23.4B$22.4B
Equity$296.0M$687.0M$867.0M$1.0B$941.0M$945.0M$2.5B$2.4B$2.5B$2.4B
Reserves$983.0M$1.4B$1.7B$2.0B$2.0B$2.0B$3.1B$3.2B$3.3B$3.4B

For First Interstate BancSystem, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $278.0M; free cash flow was positive in 10 of 10 years; financing activities used $455.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$118.0M$155.0M$219.0M$127.0M$268.0M$282.0M$534.0M$428.0M$355.0M$306.0M
Investing Cash Flow$-155.0M$-170.0M$-186.0M$-33.0M$-1.9B$-2.1B$-956.0M$1.2B$1.7B$2.3B
Financing Cash Flow$61.0M$-6.0M$118.0M$229.0M$2.8B$2.0B$-3.1B$-2.1B$-567.0M$-455.0M
Net Cash Flow$2.0M$-23.0M$63.0M$255.0M$1.2B$68.0M$-1.5B$-292.0M$319.0M$413.0M
Free Cash Flow$106.0M$116.0M$214.0M$111.0M$238.0M$272.0M$524.0M$400.0M$332.0M$278.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.24
EV / EBITDA—
FCF Yield—
Quick Ratio—
Interest Coverage—
Return 1Y21.92%
Return 3Y75.11%
Return 5Y22.60%

First Interstate BancSystem, Inc. (FIBK) financials — frequently asked questions

What is First Interstate BancSystem, Inc.'s annual revenue?

First Interstate BancSystem, Inc. (FIBK) reported annual revenue of $1.1B in its most recent fiscal year.

What is First Interstate BancSystem, Inc.'s net profit?

First Interstate BancSystem, Inc. (FIBK) reported net profit of $302.0M in its most recent fiscal year.

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