Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 12.49 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 3.38 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/B Ratio | 1.10 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/FCF | 12.89 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBITDA | 10.21 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| EV / EBIT | 10.21 | — | — | — | — | — | — | — | — | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
First Interstate BancSystem, Inc.'s operating margin was 44.5% in Q4 2025, up 16.9 pp QoQ and up 26.6 pp YoY. The trailing four-quarter average of 29.7% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin expanded 60.1% YoY, indicating pricing power or improving input costs.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 97.5% | 97.7% | 74.6% | 73.4% | 65.7% | 61.1% | 62.0% | 64.2% | 64.6% | 66.9% | 70.2% | 69.4% | 72.3% |
| — | +60.1% | +20.4% | +14.4% | +1.8% | -8.8% | -11.6% | -7.5% | -10.6% | -18.9% | -22.8% | -29.2% | +1.6% | |
| Operating Margin | 37.0% | 44.5% | 27.6% | 27.6% | 19.2% | 17.9% | 19.4% | 21.4% | 20.9% | 21.9% | 26.0% | 24.0% | 22.4% |
| — | +148.6% | +42.1% | +29.1% | -8.0% | -18.4% | -25.2% | -11.1% | -6.5% | -31.1% | -25.6% | -11.3% | +226.3% | |
| Net Margin | 28.5% | 34.8% | 21.3% | 21.2% | 14.5% | 14.0% | 14.8% | 16.4% | 15.9% | 16.7% | 19.9% | 18.5% | 16.9% |
| — | +148.7% | +43.5% | +29.4% | -8.7% | -16.2% | -25.7% | -11.7% | -6.0% | -32.8% | -28.0% | -14.3% | +218.3% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 8.9% | 3.2% | 2.1% | 2.1% | 1.5% | 1.6% | 1.7% | 1.9% | 1.8% | 1.9% | 2.3% | 2.1% | 1.8% |
| — | +102.0% | +23.4% | +13.4% | -17.0% | -19.8% | -28.1% | -12.6% | +0.5% | -31.0% | -14.2% | +11.7% | +246.8% | |
| ROA | 1.1% | 0.4% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% | 0.2% |
| — | +127.3% | +40.3% | +29.3% | -9.0% | -11.7% | -21.6% | -7.2% | +9.1% | -25.5% | -12.6% | +8.9% | +239.3% | |
| ROIC | 5.9% | 2.5% | 1.6% | 1.4% | 0.9% | 0.8% | 0.8% | 0.9% | 0.8% | 0.9% | 1.1% | 0.9% | 0.8% |
| — | +195.7% | +90.9% | +69.3% | +10.1% | -9.1% | -23.2% | -8.3% | +3.9% | -34.8% | -35.3% | -26.2% | +204.3% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
First Interstate BancSystem, Inc.'s Debt/EBITDA ratio is 5.6x, down from 7.3x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 9.6% YoY to 0.04x, tightening the short-term liquidity position. Debt/Equity has declined for 7 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 0.23 | 0.23 | 0.23 | 0.34 | 0.53 | 0.72 | 0.87 | 1.15 | 1.14 | 1.14 | 1.05 | 1.22 | 1.25 |
| — | -68.8% | -73.6% | -70.2% | -53.7% | -36.5% | -16.9% | -5.4% | -8.9% | -4.6% | +59.1% | +162.6% | +218.7% | |
| Debt / EBITDA | 1.98 | 5.57 | 7.30 | 11.40 | 23.16 | 29.00 | 33.34 | 42.01 | 39.63 | 38.96 | 30.00 | 37.88 | 45.05 |
| — | -80.8% | -78.1% | -72.9% | -41.6% | -25.6% | +11.1% | +10.9% | -12.0% | +31.9% | +84.5% | +135.8% | — | |
| Current Ratio | 0.04 | 0.04 | 0.07 | 0.06 | 0.04 | 0.04 | 0.25 | 0.25 | 0.25 | 0.24 | 0.25 | 0.27 | 0.28 |
| — | -9.6% | -71.3% | -78.1% | -81.9% | -82.5% | -3.0% | -5.4% | -12.9% | -12.1% | -7.3% | -14.5% | -17.7% | |
| Quick Ratio | 0.04 | 0.04 | 0.07 | 0.06 | 0.04 | 0.04 | 0.25 | 0.25 | 0.25 | 0.24 | 0.25 | 0.27 | 0.28 |
| — | -9.6% | -71.3% | -78.1% | -81.9% | -82.5% | -3.0% | -5.4% | -12.9% | -12.1% | -7.3% | -14.5% | -17.7% | |
| Interest Coverage | 1.11 | 1.77 | 1.09 | 1.04 | 0.68 | 0.60 | 0.59 | 0.64 | 0.62 | 0.69 | 0.87 | 0.88 | 0.96 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
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Quick answers to the most common questions about buying FIBK stock.
First Interstate BancSystem, Inc.'s current P/E is 12.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
First Interstate BancSystem, Inc.'s current operating margin is 37.0%. Margins have been expanding over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking First Interstate BancSystem, Inc.'s business trajectory between earnings reports.