FIBK FY 2025 Earnings Report — First Interstate BancSystem, Inc. Revenue & Financial Results | Market Cap Arena

First Interstate BancSystem, Inc.FIBK

FY 2025 Earnings

Reported February 26, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.5B	—	-28.5%
Op. Income	$392M	—	$295M	—	33.0%
Gross Margin	97.5%	—	62.9%	—	34.5pp
Net Margin	28.5%	—	15.3%	—	13.3pp
EPS (Diluted)	$2.94	—	$2.19	—	34.2%
Free Cash Flow	$278M	—	$332M	—	-16.3%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$27M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$425M
SG&A Expenses	$425M
Other Expenses	$215M
Operating Expenses	$640M
Cost & Expenses	$667M
OPERATING INCOME	$392M
Interest Income	$1.2B
Interest Expense	$353M
Other Income/Expenses	$0
INCOME BEFORE TAX	$392M
Income Tax Expense	$90M
Net Income from Continuing Ops	$302M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$302M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$302M
D&A	$0
EBIT	$392M
EBITDA	$392M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$27M
GROSS PROFIT	$1.0B
R&D Expenses	$0
Selling & Marketing	$0
General & Administrative	$425M
SG&A Expenses	$425M
Other Expenses	$215M
Operating Expenses	$640M
Cost & Expenses	$667M
OPERATING INCOME	$392M
Interest Income	$1.2B
Interest Expense	$353M
Other Income/Expenses	$0
INCOME BEFORE TAX	$392M
Income Tax Expense	$90M
Net Income from Continuing Ops	$302M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$302M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$302M
D&A	$0
EBIT	$392M
EBITDA	$392M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$302M
Depreciation & Amortization	$51M
Stock-Based Compensation	$13M
Deferred Income Tax	$11M
Other Non-Cash Items	-$37M
Change in Working Capital	-$35M
OPERATING CASH FLOW	$306M
Capital Expenditure	-$28M
Acquisitions (Net)	$0
Purchases of Investments	-$1.4B
Sales/Maturities of Investments	$1.7B
Other Investing Activities	$2.0B
NET CASH FROM INVESTING	$2.3B
Net Debt Issuance	-$1.6B
Common Stock Repurchased	-$122M
Common Dividends Paid	-$194M
Other Financing Activities	-$333M
NET CASH FROM FINANCING	-$2.2B
FREE CASH FLOW	$278M
Net Change in Cash	$413M

Balance Sheet

Item	Amount
Cash & Equivalents	$358M
Short-Term Investments	$0
Net Receivables	$103M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$461M
PP&E (Net)	$407M
Goodwill	$1.1B
Intangible Assets	$53M
Long-Term Investments	$23.8B
Tax Assets	$60M
Other Non-Current Assets	$758M
TOTAL NON-CURRENT ASSETS	$26.2B
TOTAL ASSETS	$26.6B
Account Payables	$0
Short-Term Debt	$480M
Deferred Revenue	$0
Other Current Liabilities	$11.6B
TOTAL CURRENT LIABILITIES	$12.1B
Long-Term Debt	$296M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$10.8B
TOTAL NON-CURRENT LIABILITIES	$11.1B
TOTAL LIABILITIES	$23.2B
Common Stock	$2.4B
Additional Paid-In Capital	$0
Retained Earnings	$1.3B
Treasury Stock	$0
Accum. Other Comp. Income	-$178M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$3.4B
Minority Interest	$0
TOTAL EQUITY	$3.4B
TOTAL LIABILITIES & EQUITY	$26.6B
Total Debt	$776M
Net Debt	$418M