Sector: Financials | Industry: Banks |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 401 No 31st Street BILLINGS MT 59101 |
Tel: | N/A |
Website: | https://fibk.com |
IR: | See website |
Key People | ||
Kevin P. Riley President, Chief Executive Officer, Director | Marcy D. Mutch Chief Financial Officer, Executive Vice President | Kristina Robbins Chief Operating Officer, Senior Vice President |
Lori Meyer Executive Vice President, Chief Information Officer | Karlyn M. Knieriem Executive Vice President, Chief Risk Officer | Kirk D. Jensen Executive Vice President, General Counsel | Lorrie Asker Executive Vice President. Chief Banking Officer |
Business Overview |
First Interstate BancSystem, Inc. is a financial and bank holding company focused on community banking. Through its bank subsidiary, First Interstate Bank, the Company delivers a range of banking products and services, including online and mobile banking to individuals, businesses, municipalities, and others throughout its market areas. It operates through Community Banking segment, which encompasses commercial and consumer banking services offered to individuals, businesses, municipalities and other entities. Community Banking segment encompasses commercial and consumer banking services provided through its Bank: primarily the acceptance of deposits, the extension of credit, mortgage loan origination and servicing, and wealth management, which includes trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. It provides lending opportunities to clients that participate in a variety of industries. |
Financial Overview |
For the fiscal year ended 31 December 2023, First Interstate Bancsystem Inc interest income increased 25% to $1.28B. Net interest income after loan loss provision decreased 2% to $846.6M. Net income increased 27% to $257.5M. Net interest income after loan loss provision reflects Net Interest Margin, Total -% decrease of 7% to 3.14%, Net Interest Spread, Total -% decrease of 18% to 2.66%, Interest&Dividend-Invest. Sec. |
Employees: | 3,585 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $5,815M as of Dec 31, 2023 |
Annual revenue (TTM): | $1,280M as of Dec 31, 2023 |
EBITDA (TTM): | $542.90M as of Dec 31, 2023 |
Net annual income (TTM): | $257.50M as of Dec 31, 2023 |
Free cash flow (TTM): | $204.70M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $3,291M as of Dec 31, 2023 |
Shares outstanding: | 103,266,391 as of Mar 22, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |