First interstate bancsystem director sells $944k in FIBK stock

Published 25/11/2025, 18:36
First interstate bancsystem director sells $944k in FIBK stock

Director John M Heyneman Jr., along with affiliated entities, reported selling 30,432 shares of First Interstate Bancsystem Inc (NASDAQ:FIBK) on November 21, 2025, at a price of $31.03, for a total transaction value of $944,304. The stock has since risen to $33.49, reflecting a portion of its impressive 22.93% gain over the past six months. According to InvestingPro analysis, FIBK appears undervalued with a P/E ratio of 14.16.

The filing indicates that the shares were indirectly held. Following the transaction, the reporting owners collectively hold 1,414,636 shares. These shares are held 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, John Heyneman, Jr.’s spouse, daughter and sons.

In other recent news, First Interstate BancSystem reported its third-quarter 2025 earnings, which exceeded expectations. The company achieved an earnings per share (EPS) of $0.69, surpassing the projected $0.62, marking an 11.29% positive surprise. However, revenue slightly missed forecasts, coming in at $250.5 million compared to the anticipated $254.47 million. Additionally, First Interstate BancSystem announced a leadership transition, appointing Chris Shepler as the sole Chief Banking Officer. Lorrie F. Asker, who previously held the position of Co-Chief Banking Officer, has transitioned to an executive advisor role to the CEO. Ms. Asker will assist with the transition until the end of the first quarter of 2026, unless ended earlier. During this period, she will maintain her current compensation and benefits. These developments highlight significant changes and performance updates for the company.

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