First Interstate BancSystem Inc (FIBK) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of First Interstate BancSystem Inc stock $38.17, price $37.80, upside +1.0%, quality 64 out of 100. Rating: fairly valued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
- Keep an eye on it?Free in your watchlist: 5 stocks without an account, 10 with one Yes, for free
First Interstate BancSystem Inc
FIBK · USThe stock costs about what our calculation considers fair.
What runs behind every stock
69 individual criteria per stock, every one traceable See the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 7, 2026.
How to read this chart
60‑month range $17.78 – $39.73 · fair‑value band $28.62 – $47.71 · the $37.80 price screens below the $38.17 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 7, 2026.
Every Wednesday you see whether First Interstate BancSystem is on track or worth a review, plus price against fair value. Free, up to 3 stocks.
We send you a confirmation link. Unsubscribe with one click.
Company profile
First Interstate BancSystem, Inc. operates as a bank holding company for First Interstate Bank that provides a range of banking products and services in the United States.
Show moreShow less
The company offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors.
It also provides a range of trust, employee benefit, investment management, insurance, agency, and custodial services, including administration of estates and personal trusts; manages investment accounts for individuals; employee benefit plans and charitable foundations; and insurance planning.
The company's loan portfolio includes real estate loans, such as commercial real estate, construction, residential, agricultural, and other real estate loans; consumer loans, including 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 offers marketing, credit review, loan servicing, credit cards servicing, mortgage loan sales and servicing, indirect consumer loan 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 formerly known as First Interstate Bancsystem Of Montana, Inc. and changed its name to First Interstate BancSystem, Inc. in June 1993. The company was founded in 1879 and is headquartered in Billings, Montana.
Stock analysis
First Interstate BancSystem Inc (FIBK) currently trades at $37.80, while our model-based Fair Value estimate is $38.17, so the stock looks roughly fairly valued today (gap 1.0%).
Show more
Valuation
Bull case: the Multiples group reads highest at a median of $38.17 per share, and 2 of the 6 models we run sit above the $37.80 price.
Bear case: the Asset-Based group reads lowest at $16.43, and 4 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $28.62 (bear) to $47.71 (bull), the price of $37.80 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
First Interstate BancSystem Inc reported revenue of $1.1B in FY2025 versus $656M in FY2021, a compound +12.7%/yr. Reported net income was $302M in FY2025, compounding +12.0%/yr from FY2021.
Key figures
Market cap $3.7B Mid · P/E ratio 11.7 · P/S ratio 3.46 · EPS (TTM) $3.23 · Dividend yield 5.0% · Net margin 30.6% · Return on equity 9.6% · Return on assets (EBIT) 1.1% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 5% below its 52-week high and 32% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at 1%, FIBK screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, one officer or director sold shares worth $120,017 and none bought.
- SaleJames R. Scott JrDirector, 10% owner3,158 shares at $38.00$120,017Nov 2, 2026
- SaleJonathan R Scott10% owner2× since Oct 22, 2026: 10,000 shares, avg. $37.08$370,794Oct 26, 2026
- SaleIXL Ltd Liability Co10% owner4× since Jan 5, 2026: 37,521 shares, avg. $36.50$1.4MSep 16, 2026
- SaleJonathan Scott as Trustee of the Jonathan R Scott Trust Dated as of 4/21/0410% owner5× since Apr 30, 2026: 85,465 shares, avg. $36.29$3.1MSep 14, 2026
- SaleElizabeth Lauren Scott Rose Trust10% owner15,000 shares at $35.97$539,500Jun 18, 2026
- SaleHarrison William Scott Trust10% owner3,000 shares at $33.45$100,350Mar 26, 2026
- SaleSusan Scott Heyneman Trust, Susan Heyneman & First Interstate Wealth Management Co-Trustees10% owner10,000 shares at $32.75$327,500Dec 1, 2025
- SaleRae Ann Morss & John Heyneman Jr., Trustees FBO Rae Ann Morss Exemption Trust Under the Scott Family 1996 Trust10% owner30,432 shares at $31.03$944,305Nov 21, 2025
- SaleJohn M Heyneman JrDirector, 10% owner35,000 shares at $32.09$1.1MNov 11, 2025
Plus 22 other filings such as grants, option exercises or tax withholding. They are not market purchases or sales.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Watch FIBK, get fair value alerts →
Earlier news
- FIBK Q3 deep dive: deposit mix improves as loan growth pressures persist
- 5 must-read analyst questions from First Interstate BancSystem’s Q3 earnings call
- First Interstate BancSystem (FIBK) Stock Shrugs Off Q3 Earnings Margin Gain
- Compared to Estimates, First Interstate BancSystem (FIBK) Q3 Earnings: A Look at Key Metrics
Compare First Interstate BancSystem Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Price/FCF by industry
- Debt-to-equity by industry
- Stock screener with 62 metrics
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs FIBK |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs FIBK |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs FIBK |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs FIBK |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs FIBK |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs FIBK |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs FIBK |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs FIBK |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs FIBK |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs FIBK |
Explore undervalued stocks
More undervalued Financial Services stocks →
Try a ready-made strategy
Pick a strategy and jump into the live analysis with that exact screen applied.
Discover tools
Frequently asked questions
Is First Interstate BancSystem Inc (FIBK) overvalued or undervalued?
What is the fair value of FIBK?
What is the quality score of FIBK?
What is the price target for First Interstate BancSystem Inc (FIBK)?
What is the First Interstate BancSystem Inc stock forecast for 2026?
What is the revenue of First Interstate BancSystem Inc (FIBK)?
Does First Interstate BancSystem Inc pay a dividend?
How much is the dividend of First Interstate BancSystem Inc (FIBK) and when is the ex-dividend date?
What is the intrinsic value of First Interstate BancSystem Inc (FIBK)?
Is First Interstate BancSystem Inc stock overvalued or undervalued in 2026?
Is fair value the same as the market price of FIBK?
How much is First Interstate BancSystem Inc worth?
What do the bullish and bearish scenarios say about FIBK?
What is the P/E ratio of FIBK?
What is the PEG ratio of FIBK?
How solid is the balance sheet of First Interstate BancSystem Inc (FIBK)?
How far is FIBK from its 52-week high?
Which stocks are comparable to First Interstate BancSystem Inc?
Is First Interstate BancSystem Inc stock attractive at the current price?
How is the fair value of FIBK calculated?
Is it still worth investing in stocks now?
What is the share price of First Interstate BancSystem Inc (FIBK)?
What should I pay attention to with First Interstate BancSystem Inc right now?
Where does the earnings growth of First Interstate BancSystem Inc (FIBK) come from?
Key figures of First Interstate BancSystem Inc
How large is the market capitalisation of First Interstate BancSystem Inc (FIBK)?
What is the P/S ratio of First Interstate BancSystem Inc (FIBK)?
What are the earnings per share of First Interstate BancSystem Inc (FIBK)?
What is the dividend yield of First Interstate BancSystem Inc (FIBK)?
What is the net margin of First Interstate BancSystem Inc (FIBK)?
What is the return on equity of First Interstate BancSystem Inc (FIBK)?
What is the EBIT return on assets of First Interstate BancSystem Inc (FIBK)?
What is the operating margin of First Interstate BancSystem Inc (FIBK)?
How fast is revenue growing at First Interstate BancSystem Inc (FIBK)?
How fast are earnings growing at First Interstate BancSystem Inc (FIBK)?
How much free cash flow does First Interstate BancSystem Inc (FIBK) generate?
How much net debt does First Interstate BancSystem Inc (FIBK) carry?
Watch First Interstate BancSystem Inc in the live analysis
One click puts First Interstate BancSystem Inc on your watchlist: fair value and trend at a glance, plus comparison, the diversification check and the 27,000+ stock screener.
Watch for free →Zero risk: nothing is ever charged. Your watchlist is yours, with or without an account.