Company Profile
- First Interstate BancSystem, Inc. (NASDAQ: FIBK) (“First Interstate”, “the company”) is a bank holding company headquartered in Billings, MT, with operations spanning fourteen states, though primarily in: Montana, South Dakota, Wyoming, Iowa, Oregon, Nebraska, and Idaho.
- FIBK delivers a broad scope of traditional banking products and services through the lead subsidiary, First Interstate Bank (“the bank”), with over 300 banking offices. The company also offers wealth management ($8.0 billion AUM); insurance services; residential mortgage loan originations, sales, and servicing; and merchant and payments banking services, which, combined, reflect a ~15% fee income contribution to total revenues.
- The company’s 2022 acquisition of Great Western Bancorp, Inc. ("GWB" or "Great Western") significantly boosted its operating platform by, expanding into states with a higher growth profile and adding $13 billion in assets.