First Interstate BancSystem Inc

Chart & Performance

D1W1MN

P/E

12.39

P/S

3.11

EPS

2.46

Div Yield, %

6.11%

Shrs. gr., 5y

12.26%

Rev. gr., 5y

12.24%

Revenues

1.03b

-7.23%

Net income

258m

+27.35%

CFO

428m

-19.91%

Dividend

Aug 05, 20240.47 USD/sh

Profile

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, and other operational services, as well as online and mobile banking services. It serves individuals, businesses, municipalities, and other entities in various industries, including agriculture, construction, education, energy, governmental services, healthcare, hospitality, housing, mining, professional services, real estate development, retail, technology, tourism, and wholesale trade. As of December 31, 2021, it operated 147 banking offices, including detached drive-up facilities in communities across Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. The company was incorporated in 1971 and is headquartered in Billings, Montana.

URL

https://fibk.com/

IPO date

Mar 24, 2010

Employees

3,783

Domiciled in

Incorporated in

Valuation

Order:

Title USD in thousands, except ratios and share amounts	FY	FY	FY	FY	FY	FY	FY	FY	FY
Title USD in thousands, except ratios and share amounts	2023‑12	2022‑12	2021‑12	2020‑12	2019‑12	2018‑12	2017‑12	2016‑12	2015‑12
Income
Revenues	1,025,800 -7.23%	1,105,800 73.13%
Cost of revenue	441,500	433,100
Unusual Expense (Income)
NOPBT	584,300	672,700
NOPBT Margin	56.96%	60.83%
Operating Taxes	79,300	54,900
Tax Rate	13.57%	8.16%
NOPAT	505,000	617,800
Net income	257,500 27.35%	202,200 5.26%
Dividends	(195,100)	(182,100)
Dividend yield	6.11%	4.56%
Proceeds from repurchase of equity	(34,000)	(199,700)
BB yield	1.07%	5.00%
Debt
Debt current	2,603,000	3,380,000
Long-term debt	284,800	2,611,900
Deferred revenue
Other long-term liabilities	27,159,800	(2,150,500)
Net debt	2,200,700	(12,222,500)
Cash flow
Cash from operating activities	428,000	534,400
CAPEX	(28,200)	(10,500)
Cash from investing activities	1,253,400	(949,000)
Cash from financing activities	(1,973,900)	(1,059,700)
FCF	940,300	(1,618,800)
Balance
Cash	379,000	7,816,500
Long term investments	308,100	10,397,900
Excess cash	635,810	18,159,110
Stockholders' equity	3,227,500	3,073,800
Invested Capital	32,638,390	32,133,600
ROIC	1.56%	2.44%
ROCE	1.76%	1.91%
EV
Common stock shares outstanding	103,780	103,341
Price	30.75 -20.44%	38.65 -4.97%
Market cap	3,191,238 -20.10%	3,994,130 59.06%
EV	5,391,938	(8,228,370)
EBITDA	638,100	728,200
EV/EBITDA	8.45
Interest	401,300	78,900
Interest/NOPBT	68.68%	11.73%