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First Interstate BancSystem to Redeem Subordinated Notes

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First Interstate BancSystem to Redeem Subordinated Notes

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First Interstate Bancsystem ( (FIBK) ) just unveiled an update.

On July 3, 2025, First Interstate BancSystem, Inc. announced its intention to redeem its outstanding 5.25% Fixed-to-Floating Rate Subordinated Notes due 2030, originally issued in May 2020, with a total principal amount of $100 million. The redemption will occur on August 15, 2025, at a price equal to 100% of the principal amount plus accrued interest, marking a significant financial maneuver that will result in no outstanding notes post-redemption.

The most recent analyst rating on (FIBK) stock is a Sell with a $28.00 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 overall stock score of 71 reflects its strong financial performance and attractive valuation, which are somewhat offset by mixed technical indicators and challenges highlighted in recent earnings calls. The strategic corporate events positively contribute to the company’s future prospects.

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

More about First Interstate Bancsystem

Average Trading Volume: 1,045,465

Technical Sentiment Signal: Strong Buy

Current Market Cap: $3.15B

See more data about FIBK stock on TipRanks’ Stock Analysis page.

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