Headquartered in Billings, MT Fiscal year ends December NASDAQ: FIBK fibk.com
First Interstate BancSystem, Inc. (NASDAQ: FIBK) is a financial and bank holding company focused on community banking. Incorporated in 1971, the company operates 271 banking offices across Colorado, Idaho, Iowa, Missouri, Montana, Nebraska, Oregon, South Dakota, Washington, and Wyoming, in addition to offering online and mobile banking services. Through its bank subsidiary, First Interstate Bank, the company delivers a comprehensive range of banking products and services to individuals, businesses, municipalities, and others throughout its market areas. The company has $25.9 billion in total assets and $14.3 billion in loans held for investment, with a diversified loan portfolio spanning commercial real estate (56%), commercial (16%), residential real estate (14%), construction (4%), agricultural real estate and lending (7%), and consumer (3%). The company is actively optimizing its branch network and balance sheet through strategic branch divestitures, including recent sales in Nebraska, Arizona, and Kansas, while focusing on core geographies in the Rocky Mountains, Pacific Northwest, and Midwest with dominant market share or strong growth potential. Updated
With the 10-year U.S. Treasury bond currently yielding 4.38%, interest rates are still abnormally high given positive job growth, trillions of dollars in U.S. investments, wage growth among blue collar workers and…
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First Interstate BancSystem, Inc. (NASDAQ: FIBK) is a financial and bank holding company focused on community banking.
The Wall Street consensus 12-month price target for FIBK is $37.00.
