First Interstate BancSystem Announces Branch Sale Agreement

First Interstate Bancsystem ( (FIBK) ) has shared an announcement.

On April 28, 2025, First Interstate BancSystem, Inc. announced that its subsidiary, First Interstate Bank, entered into a Purchase and Assumption Agreement with Enterprise Financial Services Corp’s subsidiary, Enterprise Bank & Trust. Under the agreement, Enterprise Bank & Trust will acquire twelve branches from First Interstate Bank, including deposits and loans, with the transaction expected to close by early fourth quarter of 2025. This acquisition will expand Enterprise Bank & Trust’s presence in Arizona and Kansas, increasing its market reach and enhancing its ability to offer improved services to customers. The strategic move aligns with both companies’ customer and community-centric values, aiming to generate long-term value for shareholders and ensure a seamless transition for existing customers and employees.

Spark’s Take on FIBK Stock

According to Spark, TipRanks’ AI Analyst, FIBK is a Neutral.

First Interstate Bancsystem’s overall stock score reflects its strong equity base and attractive dividend yield. However, technical indicators show weakness, and mixed earnings guidance presents risks. Inconsistent financial performance and challenges in asset management further temper the outlook.

To see Spark’s full report on FIBK stock, click here.

More about First Interstate Bancsystem

First Interstate BancSystem, Inc. is a financial services holding company headquartered in Billings, Montana, with $29.1 billion in assets as of December 31, 2024. It operates as a community bank across multiple states, including Arizona, Colorado, and Kansas, providing financial solutions and community banking services. Enterprise Financial Services Corp, with approximately $15.7 billion in assets, is a financial holding company based in Clayton, Missouri, offering business and personal banking services, wealth management, and trust services through its subsidiary, Enterprise Bank & Trust.

YTD Price Performance: -12.51%

Average Trading Volume: 741,242

Technical Sentiment Signal: Buy

Current Market Cap: $2.89B

Find detailed analytics on FIBK stock on TipRanks’ Stock Analysis page.