- Investing.com
First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides a range of banking products and services in the United States. 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; offers employee benefit plans and charitable foundations; and provides 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 issuance and servicing, mortgage loan sales and servicing, indirect consumer loan purchasing 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 founded in 1879 and is headquartered in Billings, Montana.
Financial Crossroads | First Interstate BancSystem faces a complex mix of challenges and opportunities, with EPS estimates for FY1 ranging from $2.36 to $2.51 and FY2 between $2.77 and $2.88 |
Leadership Shift | Explore the potential impact of new CEO Jim Reuter's appointment on FIBK's operational efficiency and strategic growth amid credit quality challenges |
Credit Conundrum | Delve into FIBK's ongoing credit quality issues, particularly in its office commercial real estate portfolio, and their implications for the company's financial stability |
Market Positioning | Learn about FIBK's valuation premium and its position within the U.S. Mid-Cap Banks sector, with analyst price targets ranging from $30.00 to $37.00 |
Metrics to compare | FIBK | Sector Sector - Average of metrics from a broad group of related Financial sector companies | Relationship RelationshipFIBKPeersSector | |
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P/E Ratio | 13.4x | 10.5x | 9.5x | |
PEG Ratio | −1.48 | 1.26 | 0.03 | |
Price/Book | 0.9x | 1.0x | 1.0x | |
Price / LTM Sales | 3.3x | 3.5x | 2.8x | |
Upside (Analyst Target) | 7.7% | 17.0% | 13.1% | |
Fair Value Upside | Unlock | 1.6% | 2.3% | Unlock |