First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides range of banking products and services in the United States. It offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. The company also offers real estate loans comprising commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans comprising direct personal loans, credit card loans and lines of credit, and indirect loans; variable and fixed rate commercial loans for small and medium-sized manufacturing, wholesale, retail, and service businesses for working capital needs and business expansions; and agricultural loans. In addition, it provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. Further, the company offers marketing, credit review, loan servicing, credit cards issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing and processing, loan collection services, other operational, and specialized staff support services, as well as online and mobile banking services. The company serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, governmental services, healthcare, hospitality, housing, professional services, real estate development, retail, technology, tourism, and wholesale trade. First Interstate BancSystem, Inc. was incorporated in 1971 and is headquartered in Billings, Montana.
Mixed Signals | First Interstate BancSystem's stock shows resilience amid challenges, with Q2 2024 EPS of $0.58 surpassing estimates, driven by lower expenses and improved net interest income. |
Margin Expansion | Explore FIBK's continued net interest margin growth, a key strength in the current banking landscape, supported by stable deposit costs and efficient management. |
Growth Concerns | Delve into analysts' worries about FIBK's slower growth compared to peers, leading to downward revisions in guidance despite solid pre-provision net revenue performance. |
Future Prospects | Analyst price targets range from $30 to $37, reflecting varied views on FIBK's potential for accelerating balance sheet growth and leveraging its stable market position. |
Metrics to compare | FIBK | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipFIBKPeersSector | |
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P/E Ratio | 15.3x | 10.6x | 8.7x | |
PEG Ratio | −0.96 | 0.29 | 0.03 | |
Price/Book | 1.1x | 1.1x | 1.0x | |
Price / LTM Sales | 3.8x | 3.8x | 2.8x | |
Upside (Analyst Target) | −6.7% | 5.7% | 10.4% | |
Fair Value Upside | Unlock | 13.4% | 2.7% | Unlock |