First Interstate Bancsystem Inc - Understand $fibk stock

$FIBK Market Cap: $3.606 Billion

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Financial Snapshot

Revenue

$976.7M

TTM

Gross Margin

Net Earnings

$235.4M

TTM

Current Assets

Current Liabilities

Current Ratio

Total Assets

$29.60B

Q3 2024

Total Liabilities

$26.23B

Q3 2024

Book Value

$3.366B

Q3 2024

Cash

$698.6M

Q3 2024

P/E

15.32

Nov 29, 2024 EST

Free Cash Flow

$60.50M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Revenue	$1.280B	$1.022B	$505.5M	$523.6M	$554.0M	$473.4M	$377.8M	$297.4M	$282.4M	$267.1M	$257.7M	$273.9M	$292.9M	$314.5M	$328.0M
YoY Change	25.32%	102.08%	-3.46%	-5.49%	17.03%	25.3%	27.03%	5.3%	5.75%	3.65%	-5.93%	-6.48%	-6.89%	-4.11%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$1.280B	$1.022B	$505.5M	$523.6M	$554.0M	$473.4M	$377.8M	$297.4M	$282.4M	$267.1M	$257.7M	$273.9M	$292.9M	$314.5M	$328.0M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$53.80M	$55.50M	$44.40M	$45.10M	$38.70M	$27.60M	$18.40M	$19.50M	$18.31M	$16.86M	$16.25M	$17.11M	$17.37M	$20.14M	$22.30M	$23.60M	$19.10M
YoY Change	-3.06%	25.0%	-1.55%	16.54%	40.22%	50.0%	-5.64%	6.48%	8.65%	3.76%	-5.07%	-1.47%	-13.75%	-9.7%	-5.51%	23.56%	5.52%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Interest Expense	$401.3M	$78.90M	$17.30M	$26.60M	$59.00M	$40.90M	$28.00M	$17.60M	$18.06M	$18.61M	$20.70M	$30.11M	$42.03M	$63.11M	$84.90M
YoY Change	408.62%	356.07%	-34.96%	-54.92%	44.25%	46.07%	59.09%	-2.55%	-2.93%	-10.09%	-31.28%	-28.35%	-33.4%	-25.67%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Pretax Income	$336.8M	$257.1M	$247.8M	$209.3M	$235.1M	$206.3M	$156.7M	$145.3M	$130.5M	$129.6M	$132.7M	$88.26M	$66.16M	$54.45M	$80.82M	$108.1M	$105.4M
YoY Change	31.0%	3.75%	18.39%	-10.97%	13.96%	31.65%	7.85%	11.38%	0.65%	-2.33%	50.35%	33.4%	21.52%	-32.63%	-25.24%	2.56%	-9.99%
Income Tax	$79.30M	$54.90M	$55.70M	$48.10M	$54.10M	$46.10M	$50.20M	$49.60M	$43.66M	$45.21M	$46.57M	$30.04M	$21.62M	$17.09M	$26.95M	$37.40M	$36.80M
% Of Pretax Income	23.55%	21.35%	22.48%	22.98%	23.01%	22.35%	32.04%	34.14%	33.47%	34.88%	35.09%	34.03%	32.67%	31.39%	33.35%	34.6%	34.91%
Net Earnings	$257.5M	$202.2M	$192.1M	$161.2M	$181.0M	$160.2M	$106.5M	$95.70M	$86.80M	$84.40M	$86.14M	$58.22M	$44.55M	$37.36M	$53.86M	$70.60M	$68.60M
YoY Change	27.35%	5.26%	19.17%	-10.94%	12.98%	50.42%	11.29%	10.26%	2.84%	-2.01%	47.94%	30.71%	19.25%	-30.65%	-23.71%	2.92%	-9.26%
Net Earnings / Revenue	20.12%	19.79%	38.0%	30.79%	32.67%	33.84%	28.19%	32.18%	30.73%	31.6%	33.43%	21.26%	15.21%	11.88%	16.42%
Basic Earnings Per Share	$2.48	$1.96	$3.12	$2.53	$2.84	$2.77	$2.07	$2.15	$1.92	$1.89	$1.98	$1.28	$0.96	$0.85	$1.61
Diluted Earnings Per Share	$2.48	$1.957M	$3.11	$2.53	$2.83	$2.75	$2.05	$2.13	$1.90	$1.87	$1.96	$1.27	$0.96	$0.85	$1.59	$2.199M	$2.060M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$444.3M	$444.7M	$300.0M	$312.0M	$306.0M	$245.0M	$242.0M	$194.0M	$191.0M	$195.0M	$180.0M	$188.0M	$185.0M	$188.0M	$196.0M	$178.0M	$124.0M
YoY Change	-0.09%	48.23%	-3.85%	1.96%	24.9%	1.24%	24.74%	1.57%	-2.05%	8.33%	-4.26%	1.62%	-1.6%	-4.08%	10.11%	43.55%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets		$210.5M				$0.00	$4.000M		$0.00	$5.000M	$12.00M	$3.000M	$10.00M	$18.00M	$0.00	$7.000M	$7.000M
YoY Change						-100.0%			-100.0%	-58.33%	300.0%	-70.0%	-44.44%		-100.0%	0.0%
Total Long-Term Assets
YoY Change
Total Assets	$30.67B	$32.29B	$19.67B	$17.65B	$14.64B	$13.30B	$12.21B	$9.064B	$8.728B	$8.610B	$7.565B	$7.722B	$7.326B	$7.501B	$7.138B	$6.628B	$5.217B
YoY Change
Accounts Payable		$460.4M	$4.000M	$6.000M	$12.00M	$8.000M	$6.000M	$5.000M	$5.000M	$6.000M	$5.000M	$7.000M	$8.000M	$13.00M	$18.00M	$21.00M	$21.00M
YoY Change		11410.0%	-33.33%	-50.0%	50.0%	33.33%	20.0%	0.0%	-16.67%	20.0%	-28.57%	-12.5%	-38.46%	-27.78%	-14.29%	0.0%
Accrued Expenses
YoY Change
Deferred Revenue
YoY Change
Short-Term Debt	$3.386B	$3.380B	$1.051B	$1.091B	$698.0M	$712.0M	$663.0M	$538.0M	$511.0M	$502.0M	$457.0M	$506.0M	$516.0M	$625.0M	$480.0M	$635.0M	$613.0M
YoY Change	0.17%	221.59%	-3.67%	56.3%	-1.97%	7.39%	23.23%	5.28%	1.79%	9.85%	-9.68%	-1.94%	-17.44%	30.21%	-24.41%	3.59%
Long-Term Debt Due				$0.00
YoY Change
Total Short-Term Liabilities	$3.386B	$460.4M	$148.0M	$144.0M	$12.00M	$8.000M	$6.000M	$45.00M	$5.000M	$6.000M	$5.000M	$48.00M	$42.00M	$13.00M	$18.00M	$51.00M	$21.00M
YoY Change	635.38%	211.08%	2.78%	1100.0%	50.0%	33.33%	-86.67%	800.0%	-16.67%	20.0%	-89.58%	14.29%	223.08%	-27.78%	-64.71%	142.86%
Long-Term Debt	$283.9M	$283.9M	$199.0M	$199.0M	$101.0M	$103.0M	$96.00M	$110.0M	$110.0M	$120.0M	$119.0M	$170.0M	$161.0M	$161.0M	$197.0M	$208.0M	$108.0M
YoY Change	0.0%	42.66%	0.0%	97.03%	-1.94%	7.29%	-12.73%	0.0%	-8.33%	0.84%	-30.0%	5.59%	0.0%	-18.27%	-5.29%	92.59%
Other Long-Term Liabilities	$451.0M	$476.6M	$4.000M	$4.000M
YoY Change	-5.37%	11815.0%	0.0%
Total Long-Term Liabilities	$734.9M	$760.5M	$203.0M	$203.0M	$101.0M	$103.0M	$96.00M	$110.0M	$110.0M	$120.0M	$119.0M	$170.0M	$161.0M	$161.0M	$197.0M	$208.0M	$108.0M
YoY Change	-3.37%	274.63%	0.0%	100.99%	-1.94%	7.29%	-12.73%	0.0%	-8.33%	0.84%	-30.0%	5.59%	0.0%	-18.27%	-5.29%	92.59%
Total Liabilities	$27.44B	$29.21B	$17.69B	$15.69B	$12.63B	$11.61B	$10.79B	$8.081B	$7.778B	$7.701B	$6.763B	$6.971B	$6.555B	$6.764B	$6.563B	$6.089B	$4.772B
YoY Change	-6.06%	65.19%	12.72%	24.22%	8.82%	7.6%	33.47%	3.9%	1.0%	13.87%	-2.98%	6.35%	-3.09%	3.06%	7.78%	27.6%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	103.8M shares	103.3M shares	61.65M shares	63.61M shares	63.65M shares	57.78M shares	51.43M shares	44.51M shares	45.18M shares	44.62M shares	43.57M shares	42.97M shares	42.75M shares	39.91M shares
Diluted Shares Outstanding	103.8M shares	103.3M shares	61.74M shares	63.73M shares	63.88M shares	58.22M shares	51.90M shares	44.91M shares	45.65M shares	45.21M shares	44.04M shares	43.09M shares	42.85M shares	40.13M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.6063 Billion

About FIRST INTERSTATE BANCSYSTEM INC

First Interstate BancSystem, Inc. is a financial holding company, which provides community banking solutions. The company is headquartered in Billings, Montana and currently employs 3,585 full-time employees. The company went IPO on 2010-03-24. 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. The company 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. The company provides lending opportunities to clients that participate in a variety of industries.

Industry: State Commercial Banks Peers: Cadence Bank Bank OZK FNB CORP/PA/ HANCOCK WHITNEY CORP HOME BANCSHARES INC OLD NATIONAL BANCORP /IN/ PNC FINANCIAL SERVICES GROUP, INC. ServisFirst Bancshares, Inc. UMB FINANCIAL CORP UNITED BANKSHARES INC/WV