First Interstate BancSystem, Inc. Surveillance Report
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 its lead subsidiary, First Interstate Bank (“the bank”), with nearly 300 banking offices. The company also offers wealth management (~$8.1 billion AUM); insurance services; residential mortgage loan originations, sales, and servicing; and merchant and payments banking services, which, combined, reflect 15-20% 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 expanding into states with a higher growth profile and adding $13 billion in assets. FIBK appointed James (Jim) Reuter,…
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