First Interstate BancSystemFIBK
FIBK
About: First Interstate BancSystem Inc is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. It delivers a range of financial products and services to both retail and commercial customers in industries like agriculture, construction, education, energy, governmental services, healthcare, mining, professional services, retail, tourism, and wholesale trade. It generates majority of income from interest charged on loans, and interest and dividends earned on investments.
Employees: 3,585
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 7 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
364% more call options, than puts
Call options by funds: $552K | Put options by funds: $119K
72% more first-time investments, than exits
New positions opened: 43 | Existing positions closed: 25
9% more capital invested
Capital invested by funds: $2.29B [Q2] → $2.49B (+$199M) [Q3]
8% more funds holding
Funds holding: 217 [Q2] → 235 (+18) [Q3]
4% more repeat investments, than reductions
Existing positions increased: 78 | Existing positions reduced: 75
0% more funds holding in top 10
Funds holding in top 10: 4 [Q2] → 4 (+0) [Q3]
1.43% less ownership
Funds ownership: 78.97% [Q2] → 77.54% (-1.43%) [Q3]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$30
8%
downside
Avg. target
$35
8%
upside
High target
$42
29%
upside
7 analyst ratings
3 positive
43%
2 neutral
29%
2 negative
29%
UBS Nicholas Holowko 13% 1-year accuracy 1 / 8 met price target | 7%upside $35 | Neutral Assumed | 17 Dec 2024 |
Barclays Jared Shaw 64% 1-year accuracy 47 / 73 met price target | 5%downside $31 | Underweight Maintained | 5 Dec 2024 |
Keefe, Bruyette & Woods Christopher Mcgratty 72% 1-year accuracy 13 / 18 met price target | 10%upside $36 | Market Perform Maintained | 4 Dec 2024 |
Wells Fargo Timur Braziler 55% 1-year accuracy 12 / 22 met price target | 8%downside $30 | Underweight Maintained | 3 Dec 2024 |
DA Davidson Jeff Rulis 69% 1-year accuracy 9 / 13 met price target | 29%upside $42 | Buy Upgraded | 26 Nov 2024 |
Financial journalist opinion
Neutral
Seeking Alpha
1 month ago
First Interstate BancSystem, Inc. (FIBK) Q3 2024 Earnings Call Transcript
First Interstate BancSystem, Inc. (NASDAQ:FIBK ) Q3 2024 Earnings Conference Call October 25, 2024 11:00 AM ET Company Participants Nancy Vermeulen – Financial Communications and Analyst Manager Kevin Riley – Chief Executive Officer Marcy Mutch – Chief Financial Officer Conference Call Participants Matthew Clark – Piper Sandler Andrew Terrell – Stephens Jared Shaw – Barclays Tim Coffey – Janney Timur Braziler – Wells Fargo Nick Moutafakis – KBW Operator Good morning, everyone, and welcome to the First Interstate BancSystem Third Quarter Earnings Conference Call. At this time all participants are in a listen-only mode.
Positive
Zacks Investment Research
1 month ago
First Interstate BancSystem (FIBK) Q3 Earnings: How Key Metrics Compare to Wall Street Estimates
The headline numbers for First Interstate BancSystem (FIBK) give insight into how the company performed in the quarter ended September 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Negative
Zacks Investment Research
1 month ago
First Interstate BancSystem (FIBK) Misses Q3 Earnings Estimates
First Interstate BancSystem (FIBK) came out with quarterly earnings of $0.54 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.70 per share a year ago.
Neutral
Business Wire
1 month ago
First Interstate BancSystem, Inc. Reports Third Quarter Earnings
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (the “Company”) today reported financial results for the third quarter of 2024. For the quarter, the Company reported net income of $55.5 million, or $0.54 per share, which compares to net income of $60.0 million, or $0.58 per share, for the second quarter of 2024 and net income of $72.7 million, or $0.70 per share, for the third quarter of 2023. HIGHLIGHTS Appointed James A. Reuter as the Company's President and.
Neutral
Zacks Investment Research
1 month ago
Exploring Analyst Estimates for First Interstate BancSystem (FIBK) Q3 Earnings, Beyond Revenue and EPS
Evaluate the expected performance of First Interstate BancSystem (FIBK) for the quarter ended September 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
Positive
Zacks Investment Research
2 months ago
Why First Interstate BancSystem (FIBK) Could Beat Earnings Estimates Again
First Interstate BancSystem (FIBK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.
Positive
Zacks Investment Research
2 months ago
First Interstate BancSystem (FIBK) Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release
First Interstate BancSystem (FIBK) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Neutral
Business Wire
2 months ago
First Interstate BancSystem, Inc. Announces Appointment of James A. Reuter as President and CEO
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate or the “Company”) announced today the appointment of James (Jim) A. Reuter as President and Chief Executive Officer, effective November 1, 2024, replacing Kevin P. Riley, whose retirement was announced earlier this year. “After a thorough and comprehensive search, the Board of Directors is thrilled to welcome Jim to First Interstate,” said Stephen B. Bowman, First Interstate's Board Chair. “Hav.
Positive
Zacks Investment Research
2 months ago
What Makes First Interstate BancSystem (FIBK) a New Buy Stock
First Interstate BancSystem (FIBK) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Neutral
Business Wire
2 months ago
First Interstate BancSystem, Inc. Announces Third Quarter Earnings Release and Conference Call
BILLINGS, Mont.--(BUSINESS WIRE)--First Interstate BancSystem, Inc. (NASDAQ: FIBK), parent company of First Interstate Bank, will report third quarter results after the market closes on Thursday, October 24, 2024. A conference call for investors is scheduled for Friday, October 25, 2024 at 11 a.m. Eastern (9 a.m. Mountain), during which the Company will discuss quarterly results. There will be a question-and-answer session following the presentation. The conference call will be accessible by te.
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