Highest-materiality recent filing
First Interstate BancSystem terminates EVP & General Counsel Kirk D. Jensen without cause
Effective July 9, 2026, Kirk D. Jensen involuntarily terminated as EVP, General Counsel/Corporate Secretary without cause.
Directors Patricia L. Moss, David L. Jahnke, Stephen M. Lacy retired May 27 after reaching age 72 per retirement policy.
COO Kristina Robbins terminated without cause effective May 11, 2026; CEO James Reuter will assume COO duties until a successor is appointed.
First Interstate Q1 net income $60.2M ($0.61 EPS); NIM expands to 3.41%; share repurchase $84M
Net income $60.2M ($0.61 diluted EPS) vs $108.8M ($1.08) in Q4 2025, which included $62.7M branch sale gain; YoY up from $50.2M ($0.49).
First Interstate Q4 net income $108.8M ($1.08 EPS) vs $52.1M a year ago; board ups buyback to $300M
Net income $108.8M ($1.08 diluted EPS) vs $71.4M ($0.69) Q3 2025 and $52.1M ($0.50) Q4 2024.
First Interstate appoints sole CBO; Co-CBO Asker transitions to advisor
Lorrie Asker stepped down as Co-CBO on Nov 14, 2025; will serve as executive advisor to CEO through Q1 2026.
First Interstate Q3 net income $71.4M, EPS $0.69; NIM expands to 3.34%
Net income $71.4M ($0.69 diluted EPS) vs $55.5M Q3 2024; flat sequentially.
First Interstate selling 11 Nebraska branches to Security First; ~$280M deposits, ~$70M loans
Security First Bank acquiring 11 Nebraska branches from First Interstate Bank under purchase and assumption agreement.
First Interstate closes sale of 12 branches in AZ and KS to Enterprise Bank
Transaction closed October 10, 2025; buyer is Enterprise Bank & Trust.
First Interstate splits CBO role into co-CBOs; hires Chris Shepler from Wells Fargo
Lorrie Asker (current CBO) appointed Co-CBO covering Arizona, Idaho, Montana, Oregon, Washington, Wyoming.
First Interstate appoints Renu Agrawal to board, filling expansion vacancy
Renu Agrawal appointed as Class III director effective Aug 29, 2025, term until 2027 annual meeting.
FIBK appoints Scudder to Audit and Risk Committees effective Aug 28, 2025
Michael L. Scudder appointed as Class I director on Aug 13, 2025, filling a vacancy due to board size increase.
Board approves $150M stock repurchase program through March 2027
Authorizes repurchase of up to $150 million of common stock on or before March 31, 2027.
First Interstate BancSystem redeems all outstanding 5.25% subordinated notes due 2030
Redeemed all outstanding $5.25% Fixed-to-Floating Rate Subordinated Notes due 2030 on Aug 15, 2025 at 100% par plus accrued interest.
First Interstate appoints former Old National Bancorp exec Michael Scudder to board
Appointed Michael L. Scudder as Class I director on Aug 13, 2025, filling a vacancy from board size increase.
First Interstate Q2 net income $71.7M ($0.69), up from $0.58 a year ago
Net income $71.7M, diluted EPS $0.69 vs $0.58 in Q2 2024; net interest margin 3.30% (+33 bps YoY).
First Interstate to redeem $100M subordinated notes due 2030 on August 15, 2025
Redeeming all $100M of 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030.
First Interstate BancSystem closes $125M offering of 7.625% subordinated notes due 2035
Completed public offering of $125M in 7.625% fixed-to-floating rate subordinated notes due 2035.
FIBK prices $125M of 7.625% Fixed-to-Floating Subordinated Notes due 2035
Aggregate principal $125M, price 100%; interest fixed at 7.625% until June 2030, then floating at SOFR+398 bps.
David P. Della Camera becomes CFO of First Interstate BancSystem effective June 1, 2025
Della Camera succeeds Marcy D. Mutch as EVP and CFO under a planned succession announced February 2025.
No material new details available from First Interstate investor presentation filing
Filing is a Regulation FD disclosure of a fixed income investor presentation.
First Interstate appoints James R. Scott Jr. to board, adopts director resignation policy
James R. Scott Jr. appointed Class III director, effective May 21, 2025, filling father's vacancy.
First Interstate Q1 net income $50.2M ($0.49/sh) down from $0.57/sh YoY; NPAs surge 36%
Net income $50.2M ($0.49 diluted EPS) vs $52.1M ($0.50) in Q4 2024 and $58.4M ($0.57) in Q1 2024.
First Interstate selling 12 branches to Enterprise Bank & Trust for ~$740M deposits, ~$200M loans
Enterprise Bank & Trust will acquire 12 branches (10 AZ, 2 KS) from First Interstate Bank.
First Interstate BancSystem announces two director retirements effective at 2025 annual meeting
Thomas E. Henning resigned per retirement age policy (age 72) as Class II director effective at 2025 annual meeting.
Director Jonathan R. Scott to not stand for re-election; Scott family to nominate replacement
Jonathan R. Scott, Class I director, will not seek re-election at 2025 annual meeting; will serve until term ends.
Marcy D. Mutch to retire as CFO effective May 31, 2025; will serve as executive advisor through Dec 2025 and consultant through Dec 2026.
First Interstate Q4 net income $52.1M ($0.50 EPS), down 15% YoY; NIM rises 17 bps
Net income $52.1M ($0.50 diluted EPS) vs $55.5M in Q3 and $61.5M in Q4 2023.
First Interstate expects $49.3M partial charge-off on C&I loan; offset by $22.2M ag loan payoff
Partial charge-off of ~$49.3M on a single C&I loan with $62.8M outstanding; $26.5M specific reserve held at Sept 30, 2024.
First Interstate Q3 net income falls to $55.5M; NIM improves; appoints new CEO
Net income of $55.5M ($0.54 per share) in Q3 2024 vs $60.0M ($0.58) in Q2 2024 and $72.7M ($0.70) in Q3 2023.
First Interstate appoints James Reuter as President and CEO effective Nov 1, 2024
James Reuter named President and CEO effective November 1, 2024, succeeding Kevin Riley.
First Interstate Q2 net income $60.0M ($0.58 EPS); NIM expands to 2.97%
Net income $60.0M vs $58.4M Q1 2024 and $67.0M Q2 2023; diluted EPS $0.58.
First Interstate CEO Kevin Riley to retire; transition agreement provides severance and consulting
CEO Kevin Riley will retire; he remains CEO until successor starts or no earlier than January 1, 2025.
First Interstate CEO Kevin P. Riley to retire; board initiates CEO search
President and CEO Kevin P. Riley retiring; will serve until successor appointed; search launched.
Shareholders approved amendment to 2023 Equity and Incentive Plan, increasing reserved shares by 2,000,000.
First Interstate Q1 net income $58.4M ($0.57 EPS); dividend $0.47
Net income $58.4M ($0.57 EPS) vs $61.5M ($0.59) in Q4'23 and $56.3M ($0.54) in Q1'23.
Director James R. Scott, over age 72, receives board exception to extend directorship through 2025 annual meeting; resigns effective 2025 meeting.
First Interstate Q4 net income $61.5M ($0.59/sh), down from Q3; FDIC assessment $10.5M
Net income $61.5M ($0.59 EPS) vs Q3 $72.7M ($0.70) and Q4 2022 $85.8M ($0.82).
First Interstate BancSystem repurchases 1M shares from Scott family trust for $32.1M
1,000,000 shares repurchased at $32.14/share, aggregate $32,140,000, funded with available cash.
First Interstate appoints Lori Meyer as EVP and CIO effective Nov 30, 2023
Appointed Lori Meyer as Executive Vice President and Chief Information Officer effective November 30, 2023.
First Interstate BancSystem dismisses RSM as auditor, appoints EY for FY2024
Audit Committee dismissed RSM US LLC on Nov 28, 2023; RSM completes 2023 audit.
First Interstate Q3 net income $72.7M ($0.70 EPS); deposits rise, margin narrows
Net income $72.7M ($0.70 EPS) vs $67.0M ($0.65 EPS) Q2 2023 and $85.7M ($0.80 EPS) Q3 2022.
First Interstate appoints Lorrie Asker as Chief Banking Officer
Asker named EVP and Chief Banking Officer effective Aug 24, 2023; had served as interim CBO since Feb 2023.
First Interstate Q2 net income $67M, EPS $0.65; NIM falls 24 bps; dividend $0.47
Net income $67.0M ($0.65/sh) vs Q1 $56.3M ($0.54) and Q2 2022 $64.1M ($0.59, incl $0.34 acquisition costs).
First Interstate EVP & CIO Scott Erkonen departs; interim CIO named
Scott Erkonen resigned as EVP and Chief Information Officer effective June 28, 2023 for personal reasons.
First Interstate shareholders approve Delaware reincorporation and 2023 equity plan
Shareholders approved reincorporation from Montana to Delaware, effective May 25, 2023; no change in business, assets, or management.
First Interstate BancSystem furnishes shareholder presentation with adjusted ROAA data for 2018-2022
Presentation includes adjusted return on average assets for each of the five fiscal years ended December 31, 2022.
First Interstate Q1 net income $56.3M ($0.54 EPS); NIM down 25 bps; dividend $0.47
Net income $56.3M ($0.54 diluted EPS) vs Q4 2022 $85.8M ($0.82) and Q1 2022 net loss $33.4M ($0.36 loss).
First Interstate BancSystem amends bylaws to enhance shareholder proposal and nomination procedures
Enhanced disclosure requirements for shareholder director nominations and proposals (other than Rule 14a-8 proposals).
First Interstate terminates Chief Banking Officer Hayslip, names Asker interim
Ashley Hayslip's service as Chief Banking Officer terminated effective Feb 9, 2023.
Effective July 9, 2026, the employment of Mr. Kirk D. Jensen with the registrant and its wholly owned subsidiary First Interstate Bank as Executive Vice President and General Counsel/Corporate Secretary was terminated involuntarily and without cause
on May 27, 2026, each of Ms. Patricia L. Moss and Messrs. David L. Jahnke and Stephen M. Lacy, each having reached the retirement age of 72, was deemed to have retired and resigned automatically from the Company’s Board of Directors
on May 27, 2026, each of Ms. Patricia L. Moss and Messrs. David L. Jahnke and Stephen M. Lacy, each having reached the retirement age of 72, was deemed to have retired and resigned automatically from the Company’s Board of Directors
on May 27, 2026, each of Ms. Patricia L. Moss and Messrs. David L. Jahnke and Stephen M. Lacy, each having reached the retirement age of 72, was deemed to have retired and resigned automatically from the Company’s Board of Directors
Ms. Robbins employment with the Company would be contemporaneously transitioned to a new role of Executive Advisor to the Company’s Chief Executive Officer, Mr. James Reuter (the “CEO”).
On May 11, 2026, First Interstate BancSystem, Inc. (the “Company”) announced that the employment as Executive Vice President and Chief Operations Officer of the Company (“COO”) and its wholly owned bank subsidiary by Ms. Kristina Robbins was terminated, without cause, effective immediately
The Company’s CEO is expected to fulfill the COO responsibilities previously fulfilled by Ms. Robbins until a successor is appointed to such position.
Effective as of June 1, 2025, First Interstate BancSystem, Inc. (the “Company”), First Interstate Bank (the “Bank”) and David P. Della Camera completed and formally executed the Employment Agreement
On May 21, 2025, the Board of Directors (the “Board”) of First Interstate BancSystem, Inc. (the “Company”) appointed Mr. James R. Scott, Jr. to serve as a Class III director on the Board with a term expiring at the Company’s 2027 annual meeting of shareholders.
Ms. Frances P. Grieb, an incumbent Class I director, informed the Board of her decision to retire from the Board effective at the 2025 annual meeting of stockholders and as a result to not seek to stand for re-election at the 2025 meeting.
Mr. Thomas E. Henning, having reached the retirement age of 72 on March 14, 2025, resigned from the registrant’s Board of Directors (the “Board”), with such resignation to become effective as of the registrant’s 2025 annual meeting of stockholders as provided in the guidelines.
On February 24, 2025, Jonathan R. Scott, an incumbent Class I director who is serving on the board of directors of the registrant (the “Board”) as one of three Scott family members previously designated by the Scott family to be nominated for election to serve on the Board pursuant to a stockholders’ agreement between the registrant and members of the Scott family (the “Stockholders’ Agreement”), informed the Board of his decision to not seek to stand for re-election at the 2025 annual meeting of stockholders of the registrant (the “2025 Annual Meeting”).
Max materiality 0.75 · Median 0.55 · Most common event leadership