First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc.

FIBKยทNASDAQ

$34.32

-0.52%
Financial ServicesBanks - Regional

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.

At a Glance

Live Snapshot
Market Cap$3.33B
EPS2.9500
P/E Ratio11.63
Earnings Date07/28/2026
First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc. Fair Value Envelope

FIBK ยท NASDAQ

Our analysis suggests that FIBK has a fair value of HIDDEN per share in the Base Case projection. With shares currently trading at $34.32, this represents a potential HIDDEN relative to our calculated worth for First Interstate BancSystem, Inc..

Intrinsic Value
Current Price: $34.32

Owner Earnings Valuation Tool

Warren Buffett's Owner Earnings DCF analysis for intrinsic value calculation

Historical Financial Data

Base year metrics used for projections

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Projection Settings

Forecast period and terminal assumptions

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DCF Valuation Summary

Calculation flow from present value to intrinsic value per share

Present Value$1.3B
+ Cash & Equivalents$358.2M
Firm Value$1.7B
- Debt$775.7M
Equity Value$931.6M
/ Shares Outstanding103,169,620B
DCF Value$9
OVERVALUED BY 74%

Owner Earnings Projections

Operating Cash Flow - Maintenance CapEx = Owner Earnings

Metric
Year 1
Year 2
Year 3
Year 4
Year 5
Year 6
Year 7
Year 8
Year 9
Year 10
Operating Cash Flow
$255.7M
$214.0M
$179.0M
$149.8M
$125.3M
$104.9M
$87.8M
$73.4M
$61.4M
$51.4M
Maintenance CapEx
-$4.7M
-$3.9M
-$3.3M
-$2.7M
-$2.3M
-$1.9M
-$1.6M
-$1.3M
-$1.1M
-$935.4K
Owner Earnings
$251.1M
$210.1M
$175.8M
$147.1M
$123.1M
$103.0M
$86.2M
$72.1M
$60.3M
$50.5M
Discount Factor
0.926
0.857
0.794
0.735
0.681
0.630
0.583
0.540
0.500
0.463
Present Value
$232.5M
$180.1M
$139.5M
$108.1M
$83.8M
$64.9M
$50.3M
$39.0M
$30.2M
$23.4M
Terminal Value represents 29.5% of Enterprise Value