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Director John M. Heyneman Jr. and related entities sold 11,818 shares of First Interstate BancSystem Inc. (NASDAQ:FIBK), a $3.18 billion regional bank, common stock on August 14, 2025, for approximately $357k. The sales were executed at prices ranging from $30.07 to $30.23 per share. According to InvestingPro analysis, FIBK currently trades below its Fair Value and offers a notable 6.2% dividend yield, which it has maintained for 16 consecutive years.
According to a Form 4 filing with the Securities and Exchange Commission, the transactions resulted in Heyneman directly holding 5,224 shares following the sale. Heyneman also indirectly holds 1,414,636 shares. These indirectly held shares are composed of holdings by John M Heyneman Jr. Trust, Riki Rae Scott Davidson & John Heyneman Jr., Trustees FBO Riki Scott Davidson Exemption Trust Under the Scott Family 1996 Trust, Rae Ann Morss & John Heyneman Jr., Trustees FBO Rae Ann Morss Exemption Trust Under the Scott Family 1996 Trust, Towanda Investments Limited Partnership, shares held by John Heyneman, Jr.’s spouse and children.
In other recent news, First Interstate BancSystem reported its financial results for the second quarter of 2025, beating earnings expectations with an earnings per share (EPS) of $0.69, surpassing the projected $0.58. However, the company’s revenue did not meet forecasts, reaching $248.3 million compared to the anticipated $253.14 million. Additionally, First Interstate BancSystem announced the redemption of its 5.25% Fixed-to-Floating Rate Subordinated Notes due in 2030. This redemption was completed at 100% of the principal amount, in accordance with the terms set forth in the original indenture agreement.
Furthermore, the company has appointed Michael L. Scudder as a Class I director on its board. Mr. Scudder, who recently retired as Executive Chairman of Old National Bancorp (NASDAQ:ONB), will serve until the company’s 2028 annual meeting of shareholders. These developments reflect First Interstate BancSystem’s ongoing strategic and financial adjustments.
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