First Interstate BancSystem, Inc. (FIBK) Financial Ratios
24 years of historical data (2002–2025) · Financial Services · Banks - Regional
EV/EBITDA
10.14
—
5yr avg: N/A
P/FCF
12.79
—
5yr avg: N/A
P/B Ratio
1.09
—
5yr avg: N/A
ROE
↓
8.9%
↓+7% vs avg
5yr avg: 8.4%
30Y Low6%·High20%
Debt/EBITDA
↓
1.98
↓-71% vs avg
5yr avg: 6.83
30Y Low2.0·High11.7
Percentile shows where the current value sits in 30-year historical distribution. Sparklines show 5-year trend.
FIBK Valuation Multiples
Price-based multiples — how expensive the stock is relative to earnings, sales, book value, and cash flow
First Interstate BancSystem, Inc. trades at 12.4x earnings, sitting at the 50th percentile of its historical range. Compared to the Financial Services sector median P/E of 13.6x, the stock trades at a discount of 9%. On a free-cash-flow basis, the stock trades at 12.8x P/FCF.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Market Cap | $3.6B | — | — | — | — | — | — | — | — | — | — |
| Enterprise Value | $4.0B | — | — | — | — | — | — | — | — | — | — |
| P/E Ratio → | 12.39 | — | — | — | — | — | — | — | — | — | — |
| P/S Ratio | 3.36 | — | — | — | — | — | — | — | — | — | — |
| P/B Ratio | 1.09 | — | — | — | — | — | — | — | — | — | — |
| P/FCF | 12.79 | — | — | — | — | — | — | — | — | — | — |
| P/OCF | 11.62 | — | — | — | — | — | — | — | — | — | — |
P/E links to full P/E history page with 30-year chart
FIBK EV Ratios
Enterprise-value multiples — capital-structure-neutral measures of total business value
First Interstate BancSystem, Inc.'s enterprise value stands at 10.1x EBITDA. The Financial Services sector median is 11.4x, placing the stock at a 11% discount on an enterprise-value basis.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| EV / Revenue | — | — | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 10.14 | — | — | — | — | — | — | — | — | — | — |
| EV / EBIT | 10.14 | — | — | — | — | — | — | — | — | — | — |
| EV / FCF | — | — | — | — | — | — | — | — | — | — | — |
FIBK Profitability
Margins and return-on-capital ratios measuring operating efficiency
First Interstate BancSystem, Inc. earns an operating margin of 37.0%, significantly above the Financial Services sector average of 20.3%. Operating margins have expanded from 23.6% to 37.0% over the past 3 years, signaling improving operational efficiency. ROE of 8.9% is modest, trailing the sector median of 9.0%. ROIC of 5.9% represents adequate returns on invested capital versus a sector median of 5.5%.
Margins
Full margin charts and quarterly trend are on the Earnings History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.5% | 97.5% | 62.9% | 69.6% | 86.4% | 99.6% | 87.7% | 89.5% | 91.9% | 92.5% | 93.6% |
| Operating Margin | 37.0% | 37.0% | 19.9% | 23.6% | 21.7% | 37.8% | 30.8% | 33.7% | 33.7% | 30.2% | 33.8% |
| Net Profit Margin | 28.5% | 28.5% | 15.3% | 18.0% | 17.1% | 29.3% | 23.7% | 26.0% | 26.2% | 20.5% | 22.3% |
Return on Capital
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.9% | 8.9% | 6.9% | 8.2% | 8.0% | 9.7% | 8.1% | 9.8% | 10.3% | 8.8% | 9.9% |
| ROA | 1.1% | 1.1% | 0.8% | 0.8% | 0.8% | 1.0% | 1.0% | 1.3% | 1.3% | 1.0% | 1.1% |
| ROIC | 5.9% | 5.9% | 3.5% | 3.7% | 3.9% | 5.7% | 5.2% | 6.6% | 6.6% | 6.2% | 6.8% |
| ROCE | 4.3% | 4.3% | 8.3% | 9.8% | 9.2% | 11.3% | 9.7% | 11.9% | 12.3% | 11.9% | 13.4% |
FIBK Leverage & Debt
Solvency and debt-coverage ratios — lower is generally safer
First Interstate BancSystem, Inc. carries a Debt/EBITDA ratio of 2.0x, which is manageable (54% below the sector average of 4.3x). Net debt stands at $418M ($776M total debt minus $358M cash). Interest coverage of just 1.1x is concerning — the company has limited headroom to absorb earnings volatility before struggling with debt service.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.72 | 1.14 | 1.19 | 0.63 | 0.66 | 0.40 | 0.48 | 0.53 | 0.66 |
| Debt / EBITDA | 1.98 | 1.98 | 6.79 | 9.39 | 11.72 | 4.28 | 5.07 | 2.92 | 3.48 | 4.33 | 3.94 |
| Net Debt / Equity | — | 0.12 | 0.45 | 0.96 | 0.91 | -0.55 | -0.50 | -0.14 | -0.00 | -0.00 | -0.13 |
| Net Debt / EBITDA | 1.07 | 1.07 | 4.24 | 7.92 | 8.94 | -3.74 | -3.88 | -1.02 | -0.03 | -0.00 | -0.80 |
| Debt / FCF | — | 1.50 | 4.49 | 7.73 | 5.33 | -4.02 | -4.14 | -2.51 | -0.03 | -0.00 | -1.25 |
| Interest Coverage | 1.11 | 1.11 | 0.61 | 0.84 | 3.26 | 14.32 | 7.87 | 3.98 | 5.04 | 5.61 | 8.23 |
FIBK Liquidity & Efficiency
Short-term solvency ratios and asset-utilisation metrics
The current ratio of 0.04x is below 1.0, meaning current liabilities exceed current assets. The current ratio has declined from 0.24x to 0.04x over the past 3 years.
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Current Ratio | 0.04 | 0.04 | 0.04 | 0.24 | 0.27 | 0.41 | 0.41 | 0.33 | 0.27 | 0.28 | 0.30 |
| Quick Ratio | 0.04 | 0.04 | 0.04 | 0.24 | 0.27 | 0.41 | 0.41 | 0.33 | 0.27 | 0.28 | 0.30 |
| Cash Ratio | 0.03 | 0.03 | 0.04 | 0.02 | 0.03 | 0.13 | 0.15 | 0.09 | 0.07 | 0.07 | 0.10 |
| Asset Turnover | — | 0.04 | 0.05 | 0.05 | 0.04 | 0.03 | 0.04 | 0.05 | 0.05 | 0.04 | 0.05 |
| Inventory Turnover | — | — | — | — | — | — | — | — | — | — | — |
| Days Sales Outstanding | — | — | — | — | — | — | — | — | — | — | — |
FIBK Shareholder Yields
Earnings, FCF, buyback, and dividend yields — total returns to shareholders
First Interstate BancSystem, Inc. returns 8.6% to shareholders annually — split between a 5.2% dividend yield and 3.4% buyback yield. A payout ratio of 64.3% is moderate and appears sustainable, balancing shareholder returns with reinvestment capacity. The earnings yield of 8.1% (inverse of P/E) provides a useful comparison to bond yields when assessing the stock's relative attractiveness to fixed income.
Dividends
Full dividend history and growth charts are on the Dividend History page
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Yield | 5.2% | — | — | — | — | — | — | — | — | — | — |
| Payout Ratio | 64.3% | 64.3% | 86.7% | 75.8% | 90.1% | 52.9% | 79.8% | 43.8% | 40.0% | 45.6% | 41.2% |
Total Shareholder Return Metrics
| Metric | TTM | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Yield | 8.1% | — | — | — | — | — | — | — | — | — | — |
| FCF Yield | 7.8% | — | — | — | — | — | — | — | — | — | — |
| Buyback Yield | 3.4% | — | — | — | — | — | — | — | — | — | — |
| Total Shareholder Yield | 8.6% | — | — | — | — | — | — | — | — | — | — |
| Shares Outstanding | — | $103M | $103M | $104M | $103M | $62M | $64M | $64M | $58M | $52M | $45M |
Peer Comparison
Compare FIBK with 10 similar companies in its peer group
| Company | Market Cap | P/E | EV/EBITDA | P/FCF | Gross Margin | Op Margin | ROE | ROIC | Debt/EBITDA |
|---|---|---|---|---|---|---|---|---|---|
 FIBKYou | $4B | 12.4 | 10.1 | 12.8 | 97.5% | 37.0% | 8.9% | 5.9% | 2.0 |
 GBCI | $6B | 24.3 | 24.3 | 18.1 | 69.0% | 22.9% | 6.4% | 3.5% | 7.9 |
 WAFD | $3B | 13.9 | 13.3 | 13.5 | 50.9% | 20.5% | 7.5% | 3.9% | 6.1 |
 COLB | $7B | 13.3 | 12.0 | 10.3 | 67.7% | 23.4% | 8.5% | 5.4% | 4.5 |
 BANR | $2B | 11.5 | 9.4 | 8.9 | 79.0% | 29.5% | 10.5% | 7.7% | 1.5 |
 NWBI | $2B | 15.7 | 14.1 | 14.9 | 68.3% | 18.8% | 7.2% | 5.6% | 2.7 |
 UMBF | $10B | 14.6 | 12.2 | 10.4 | 54.4% | 20.3% | 12.6% | 7.5% | 3.6 |
 BOKF | $8B | 14.2 | 13.7 | 13.8 | 63.7% | 21.4% | 10.1% | 5.2% | 5.8 |
 WTFC | $10B | 13.3 | 11.9 | 12.1 | 62.2% | 26.4% | 12.1% | 7.5% | 3.7 |
 IBCP | $706M | 10.5 | 9.5 | 10.1 | 69.6% | 25.8% | 14.3% | 10.2% | 1.4 |
 FFIN | $5B | 18.5 | 11.4 | 15.3 | 71.8% | 37.5% | 14.4% | 12.4% | 0.1 |
| Financial Services Median | — | 13.6 | 11.4 | 11.1 | 64.1% | 20.3% | 9.0% | 5.5% | 4.3 |
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FIBK — Frequently Asked Questions
Quick answers to the most common questions about buying FIBK stock.
What is First Interstate BancSystem, Inc.'s P/E ratio?
First Interstate BancSystem, Inc.'s current P/E ratio is 12.4x. This places it at the 50th percentile of its historical range.
What is First Interstate BancSystem, Inc.'s EV/EBITDA?
First Interstate BancSystem, Inc.'s current EV/EBITDA is 10.1x. This enterprise value multiple compares the company's total value (equity + debt - cash) to its EBITDA.
What is First Interstate BancSystem, Inc.'s ROE?
First Interstate BancSystem, Inc.'s return on equity (ROE) is 8.9%. The historical average is 10.8%.
Is FIBK stock overvalued?
Based on historical data, First Interstate BancSystem, Inc. is trading at a P/E of 12.4x. This is at the 50th percentile of its historical P/E range. Compare with industry peers and growth rates for a complete picture.
What is First Interstate BancSystem, Inc.'s dividend yield?
First Interstate BancSystem, Inc.'s current dividend yield is 5.19% with a payout ratio of 64.3%.
What are First Interstate BancSystem, Inc.'s profit margins?
First Interstate BancSystem, Inc. has 97.5% gross margin and 37.0% operating margin. Operating margin above 20% indicates strong pricing power and cost efficiency.
How much debt does First Interstate BancSystem, Inc. have?
First Interstate BancSystem, Inc.'s Debt/EBITDA ratio is 2.0x, indicating moderate leverage. A ratio below 2x is generally considered financially healthy.