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First Interstate Bancsystem ( (FIBK) ) just unveiled an update.
On June 5, 2025, First Interstate BancSystem, Inc. announced the pricing of its public offering of $125 million in 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035. The offering is expected to close on June 10, 2025, with net proceeds estimated at $123.1 million, which will be used to redeem existing notes and for general corporate purposes. This strategic financial move aims to strengthen the company’s capital structure and support its growth initiatives, potentially impacting its market positioning and stakeholder interests.
The most recent analyst rating on (FIBK) stock is a Sell with a $25.00 price target. To see the full list of analyst forecasts on First Interstate Bancsystem stock, see the FIBK Stock Forecast page.
Spark’s Take on FIBK Stock
According to Spark, TipRanks’ AI Analyst, FIBK is a Outperform.
First Interstate Bancsystem’s solid financial performance and reasonable valuation are significant strengths, suggesting resilience in a competitive market. However, mixed technical signals and challenges highlighted in the earnings call, such as credit quality issues, temper the overall outlook. The strategic branch sale offers a positive long-term benefit but also introduces transitional risks.
To see Spark’s full report on FIBK stock, click here.
More about First Interstate Bancsystem
First Interstate BancSystem, Inc. is a financial and bank holding company focused on community banking. Incorporated in 1971 and headquartered in Billings, Montana, the company operates banking offices in various states including Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyoming. It offers a comprehensive range of banking products and services to individuals, businesses, municipalities, and others through its subsidiary, First Interstate Bank.
Average Trading Volume: 926,061
Technical Sentiment Signal: Sell
Current Market Cap: $2.86B
Find detailed analytics on FIBK stock on TipRanks’ Stock Analysis page.