Highest-materiality recent filing
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 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 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 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 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.
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.
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 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.
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 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 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 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