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FORT LAUDERDALE - HoldCo Asset Management, LP disclosed today that it has released a presentation previously provided to the Board of Directors of First Interstate BancSystem, Inc. (NASDAQ:FIBK), a banking institution currently valued at $3.3 billion with a notable 6.29% dividend yield.
The presentation, titled "Buy Back Stock and Swear the Rest Off," was originally shared with First Interstate’s board on September 3, 2025. HoldCo confirmed it owns common stock in First Interstate BancSystem and has an economic interest in the price of these securities. According to InvestingPro analysis, FIBK appears undervalued at its current trading price of $31.24, with the company set to report earnings in 5 days.
The Florida-based investment firm currently manages approximately $2.6 billion in regulatory assets under management, according to the press release statement. InvestingPro data reveals that FIBK has maintained dividend payments for 16 consecutive years, with multiple additional insights available to subscribers.
HoldCo Asset Management was founded by Vik Ghei and Misha Zaitzeff and is headquartered in Fort Lauderdale.
The firm noted in its disclosure that it may change its views about its investment positions in First Interstate BancSystem at any time and for any reason, potentially altering the form or substance of its investment positions without obligation to inform anyone unless required by law.
The presentation has been made available on HoldCo’s website. The firm emphasized that all content in the press release and referenced presentation represent the opinions of HoldCo and are for discussion and general information purposes only.
In other recent news, First Interstate BancSystem reported its second-quarter earnings for 2025, revealing a net income of $71.7 million, or $0.69 per diluted share, an increase from $50.2 million, or $0.49 per diluted share, in the previous quarter. Additionally, Security First Bank has entered into a purchase and assumption agreement to acquire 11 Nebraska branches from First Interstate Bank, which includes approximately $280 million in deposits and $70 million in loans. Furthermore, activist investor HoldCo Asset Management has built a significant position in First Interstate BancSystem, holding about 3.8% of the company’s outstanding voting shares. HoldCo is urging the bank’s management to shift focus away from further acquisitions and to expand its share repurchase program. These developments highlight significant strategic and financial activities for First Interstate BancSystem, drawing attention from both investors and industry analysts.
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