First Interstate BancSystem Inc. (FIBK) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
401 NO 31ST STREET BILLINGS, MT 59101 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 6022 - State Commercial Banks (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 3/31/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 896,500 | 1,430,900 | 870,400 | 2,344,700 | 2,276,700 | 1,076,700 | |||
| Cash and cash equivalent | 896,500 | 577,900 | 870,400 | 2,344,700 | 2,276,700 | 1,076,700 | |||
| Short-term investments | 853,000 | ||||||||
| Receivables | 17,000 | (2,000) | 22,100 | 12,300 | 4,400 | 6,100 | |||
| Derivative instruments and hedges, assets | 194,700 | 193,300 | 191,900 | 695,600 | |||||
| Total current assets: | 1,108,200 | 1,622,200 | 1,084,400 | 3,052,600 | 2,281,100 | 1,082,800 | |||
| Noncurrent Assets | |||||||||
| Property, plant and equipment | 427,200 | 444,300 | 444,700 | 299,600 | 312,300 | 306,000 | |||
| Long-term investments and receivables | 1,100 | 100 | (2,900) | ||||||
| Accounts and financing receivable, after allowance for credit loss | 1,100 | 100 | (2,900) | ||||||
| Intangible assets, net (including goodwill) | 1,234,500 | 1,263,700 | 1,294,900 | 662,900 | 672,800 | 683,700 | |||
| Goodwill | 1,100,900 | 1,100,900 | 1,100,900 | 621,600 | 621,600 | 621,600 | |||
| Intangible assets, net (excluding goodwill) | 133,600 | 162,800 | 194,000 | 41,300 | 51,200 | 62,100 | |||
| Derivative instruments and hedges | 600,000 | 900,000 | |||||||
| Deferred costs | 22,700 | 19,200 | 18,700 | 21,400 | 19,100 | 18,200 | |||
| Deferred income tax assets | 118,400 | 150,000 | 210,500 | ||||||
| Total noncurrent assets: | 2,402,800 | 2,777,200 | 1,969,900 | 984,000 | 1,001,300 | 1,007,900 | |||
| Other undisclosed assets | 25,626,400 | 26,271,800 | 29,233,500 | 15,635,300 | 14,366,300 | 12,553,500 | |||
| TOTAL ASSETS: | 29,137,400 | 30,671,200 | 32,287,800 | 19,671,900 | 17,648,700 | 14,644,200 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Debt | 2,091,400 | 3,385,700 | 3,379,900 | 1,051,100 | 1,091,400 | 697,600 | |||
| Total current liabilities: | 2,091,400 | 3,385,700 | 3,379,900 | 1,051,100 | 1,091,400 | 697,600 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation, including: | 132,200 | 120,800 | 120,800 | 112,400 | 112,400 | 13,900 | |||
| Long-term debt, excluding current maturities | 163,100 | ||||||||
| Other undisclosed long-term debt and lease obligation | 132,200 | 120,800 | (42,300) | 112,400 | 112,400 | 13,900 | |||
| Liabilities, other than long-term debt | 25,200 | 9,300 | 27,200 | 26,700 | |||||
| Deferred income tax liabilities | 9,300 | 27,200 | 26,700 | ||||||
| Investment program, proportional amortization method, elected, commitment | 25,200 | ||||||||
| Total noncurrent liabilities: | 157,400 | 120,800 | 120,800 | 121,700 | 139,600 | 40,600 | |||
| Other undisclosed liabilities | 23,584,600 | 23,937,200 | 25,713,300 | 16,512,500 | 14,457,900 | 11,892,100 | |||
| Total liabilities: | 25,833,400 | 27,443,700 | 29,214,000 | 17,685,300 | 15,688,900 | 12,630,300 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 3,304,000 | 3,227,500 | 3,073,800 | 1,986,600 | 1,959,800 | 2,013,900 | |||
| Accumulated other comprehensive income (loss) | (321,900) | (356,500) | (477,100) | (11,000) | 56,600 | 11,000 | |||
| Retained earnings | 1,166,400 | 1,135,100 | 1,072,700 | 1,052,600 | 962,100 | 953,600 | |||
| Other undisclosed equity, attributable to parent | 2,459,500 | 2,448,900 | 2,478,200 | 945,000 | 941,100 | 1,049,300 | |||
| Total equity: | 3,304,000 | 3,227,500 | 3,073,800 | 1,986,600 | 1,959,800 | 2,013,900 | |||
| TOTAL LIABILITIES AND EQUITY: | 29,137,400 | 30,671,200 | 32,287,800 | 19,671,900 | 17,648,700 | 14,644,200 | |||
Income Statement (P&L) ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Net Investment Income) | 1,302,500 | 1,280,100 | 1,021,500 | 505,500 | 523,600 | 554,000 | ||
| Cost of revenue | (67,800) | (82,700) | (56,900) | (18,200) | ||||
| Provision for loan, lease, and other losses | (67,800) | (82,700) | (56,900) | (13,900) | ||||
| Amortization of mortgage servicing rights (msrs) | (4,300) | |||||||
| Other undisclosed gross profit | ||||||||
| Gross profit: | 1,234,700 | 1,280,100 | 938,800 | 505,500 | 466,700 | 535,800 | ||
| Operating expenses | (217,500) | (217,100) | (329,700) | (150,900) | (132,500) | (155,200) | ||
| Other operating income, net (Noninterest Income, Other Operating Income) | 24,400 | 17,900 | 20,400 | 12,800 | 14,500 | 15,900 | ||
| Operating income: | 1,041,600 | 1,080,900 | 629,500 | 367,400 | 348,700 | 396,500 | ||
| Nonoperating expense | (400) | |||||||
| Mortgage servicing rights (msr) impairment (recovery) | (400) | |||||||
| Interest and debt expense | (401,300) | (78,900) | (17,300) | (26,600) | (59,000) | |||
| Other undisclosed income from continuing operations before equity method investments, income taxes | ||||||||
| Income from continuing operations before equity method investments, income taxes: | 1,041,600 | 679,600 | 550,600 | 350,100 | 322,100 | 337,100 | ||
| Other undisclosed loss from continuing operations before income taxes | (747,100) | (342,800) | (293,500) | (112,800) | (102,000) | |||
| Income from continuing operations before income taxes: | 294,500 | 336,800 | 257,100 | 350,100 | 209,300 | 235,100 | ||
| Income tax expense | (68,500) | (79,300) | (54,900) | (55,700) | (48,100) | (54,100) | ||
| Income from continuing operations: | 226,000 | 257,500 | 202,200 | 294,400 | 161,200 | 181,000 | ||
| Income before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | 294,400 | 161,200 | 181,000 | |
| Net income: | 226,000 | 257,500 | 202,200 | 294,400 | 161,200 | 181,000 | ||
| Other undisclosed net loss attributable to parent | (102,300) | |||||||
| Net income available to common stockholders, diluted: | 226,000 | 257,500 | 202,200 | 192,100 | 161,200 | 181,000 | ||
Comprehensive Income ($ in thousands)
| 3/31/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | ||
|---|---|---|---|---|---|---|---|---|
| Net income: | 226,000 | 257,500 | 202,200 | 294,400 | 161,200 | 181,000 | ||
| Other comprehensive income (loss) | 34,600 | 120,600 | (466,100) | (67,600) | 45,600 | 35,600 | ||
| Comprehensive income (loss): | 260,600 | 378,100 | (263,900) | 226,800 | 206,800 | 216,600 | ||
| Comprehensive loss, net of tax, attributable to noncontrolling interest | (4,200) | |||||||
| Other undisclosed comprehensive loss, net of tax, attributable to parent | (98,100) | |||||||
| Comprehensive income (loss), net of tax, attributable to parent: | 260,600 | 378,100 | (263,900) | 124,500 | 206,800 | 216,600 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.