First Interstate BancSystem, Inc. (FIBK) Balance Sheet
FIBK balance sheet, 2025
December 31, 2025 · U.S. dollars$26.64B assets = $23.19B liabilities + $3.45B equity
Both columns are drawn to the same scale: what FIBK owns equals what it owes plus shareholders’ equity. Hover a block for its value.
FIBK financial health
Descriptive bands, not a rating. Fiscal 2025.
FIBK balance sheet trends, 2016–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $9.06B2016 | $26.64B2025 | +12.7%/yr | |
| Total liabilities | $8.08B2016 | $23.19B2025 | +12.4%/yr | |
| Shareholders’ equity | $982.6M2016 | $3.45B2025 | +15.0%/yr | |
| Cash & short-term investments | $2.39B2016 | $358.2M2025 | −19.0%/yr | |
| Total debt | $648.0M2016 | $775.7M2025 | +2.0%/yr | |
| Net cash (debt) | $1.75B2016 | −$417.5M2025 | −$2.2B | |
| Working capital | $6.45B2016 | −$11.63B2025 | −$18.1B | |
| Book value per share | $21.882016 | $33.522025 | +4.9%/yr | |
| Debt / equity | 0.662016 | 0.232025 | −0.43 | |
| Shares outstanding | 44.9M2016 | 102.8M2025 | +9.6%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
FIBK assets
FIBK liabilities and equity
FIBK debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
FIBK balance sheet
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||
| Cash & short-term investments | $358.2M | $960.4M | $6.42B | $7.82B | $7.17B | $6.29B | $4.04B | $3.09B | $2.97B | $2.39B |
| Cash & equivalents | $358.2M | $896.5M | $577.9M | $870.4M | $2.34B | $2.28B | $1.08B | $822.0M | $759.0M | $782.0M |
| Short-term investments | $7.63B | $63.9M | $5.84B | $6.95B | $4.82B | $4.01B | $2.96B | $2.27B | $2.21B | $1.61B |
| Receivables | $102.6M | $116.8M | $129.1M | $118.3M | $47.4M | $51.1M | $46.7M | $44.9M | $38.0M | $29.9M |
| Inventory | $0 | $0 | $249.1M | −$1.00B | −$2.39B | −$2.33B | −$1.13B | $14.4M | $10.1M | $10.0M |
| Other current assets | $0 | $0 | $0 | $1.00B | $2.39B | $2.33B | $1.13B | $6.59B | $5.74B | $4.07B |
| Total current assets | $460.8M | $1.08B | $6.55B | $7.93B | $7.21B | $6.34B | $4.08B | $9.75B | $8.76B | $6.50B |
| Property, plant & equipment (net) | $406.6M | $427.2M | $444.3M | $444.7M | $299.6M | $312.3M | $306.0M | $245.2M | $241.9M | $194.5M |
| Goodwill & intangible assets | $1.15B | $1.19B | $1.21B | $1.26B | $719.1M | $724.8M | $741.9M | $659.3M | $546.6M | $240.9M |
| Long-term investments | $7.63B | $7.74B | $9.05B | $10.40B | $6.51B | $9.74B | $8.96B | $11.11B | $7.54B | $5.40B |
| Other non-current assets | $16.99B | $18.70B | $13.42B | $12.25B | $4.93B | $537.8M | $554.2M | $0 | $0 | $0 |
| Total assets | $26.64B | $29.14B | $30.67B | $32.29B | $19.67B | $17.65B | $14.64B | $13.30B | $12.21B | $9.06B |
| Liabilities | ||||||||||
| Accounts payable | $323.7M | $425.9M | $432.6M | $460.4M | $152.1M | $150.2M | $141.7M | $101.9M | $92.2M | $50.3M |
| Short-term debt | $479.6M | $2.09B | $3.39B | $3.38B | $1.05B | $1.09B | $697.7M | $712.5M | $643.1M | $537.6M |
| Deferred revenue | — | — | −$432.6M | −$2.92B | −$899.0M | −$941.3M | −$556.0M | −$610.6M | −$550.9M | −$487.2M |
| Total current liabilities | $12.09B | $25.53B | $27.14B | $460.4M | $152.1M | $150.2M | $141.7M | $101.9M | $92.2M | $50.3M |
| Long-term debt | $295.4M | $294.5M | $283.0M | $283.9M | $199.4M | $199.4M | $100.8M | $102.7M | $95.6M | $110.4M |
| Lease obligations | $600,000 | $800,000 | $900,000 | $1.0M | $1.0M | $1.1M | $1.2M | $1.3M | — | $1.5M |
| Other long-term liabilities | $10.81B | $6.0M | $19.3M | $176.5M | $9.3M | $27.2M | $26.7M | $8.6M | $20.0M | $6.8M |
| Total liabilities | $23.19B | $25.83B | $27.44B | $29.21B | $17.69B | $15.69B | $12.63B | $11.61B | $10.79B | $8.08B |
| Shareholders' equity | ||||||||||
| Common stock & paid-in capital | $2.35B | $2.46B | $2.45B | $2.48B | $945.0M | $941.1M | $1.05B | $866.7M | $687.0M | $296.1M |
| Retained earnings (deficit) | $1.27B | $1.17B | $1.14B | $1.07B | $1.05B | $962.1M | $953.6M | $851.8M | $752.6M | $694.6M |
| Treasury stock | — | — | — | — | — | — | — | — | $0 | $0 |
| Accumulated other comprehensive income | −$178.1M | −$321.9M | −$356.5M | −$477.1M | −$11.0M | $56.6M | $11.0M | −$24.6M | −$12.0M | −$8.1M |
| Minority interest | — | — | — | — | — | — | — | — | $0 | $0 |
| Total shareholders' equity | $3.45B | $3.30B | $3.23B | $3.07B | $1.99B | $1.96B | $2.01B | $1.69B | $1.43B | $982.6M |
| Key figures | ||||||||||
| Total debt | $775.7M | $2.39B | $3.67B | $3.66B | $1.25B | $1.29B | $798.5M | $815.2M | $738.7M | $648.0M |
| Net cash (debt) | −$417.5M | −$1.43B | $2.75B | $4.15B | $5.91B | $4.99B | $3.24B | $2.28B | $2.23B | $1.75B |
| Working capital | −$11.63B | −$24.46B | −$20.59B | $7.47B | $7.06B | $6.19B | $3.94B | $9.64B | $8.67B | $6.45B |
| Tangible book value | $2.29B | $2.11B | $2.02B | $1.82B | $1.27B | $1.24B | $1.27B | $1.03B | $881.0M | $741.7M |
| Book value per share | $33.52 | $32.02 | $31.10 | $29.74 | $32.18 | $30.75 | $31.52 | $29.10 | $27.51 | $21.88 |
| Shares outstanding | 102.8M | 103.2M | 103.8M | 103.3M | 61.7M | 63.7M | 63.9M | 58.2M | 51.9M | 44.9M |
| Current ratio | 0.04 | 0.04 | 0.24 | 17.23 | 47.42 | 42.19 | 28.82 | 95.64 | 95.01 | 129.19 |
| Quick ratio | 0.04 | 0.04 | 0.24 | 17.23 | 47.42 | 42.19 | 28.82 | 30.79 | 32.60 | 48.14 |
| Debt / equity | 0.23 | 0.72 | 1.14 | 1.19 | 0.63 | 0.66 | 0.40 | 0.48 | 0.52 | 0.66 |
| Equity / assets | 12.9% | 11.3% | 10.5% | 9.5% | 10.1% | 11.1% | 13.8% | 12.7% | 11.7% | 10.8% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Assets | ||||||||||||
| Cash & short-term investments | $8.33B | $321.7M | $358.2M | $1.55B | $1.19B | $982.6M | $960.4M | $6.23B | $6.56B | $6.41B | $6.42B | $6.22B |
| Cash & equivalents | $8.33B | $321.7M | $358.2M | $1.45B | $1.09B | $871.3M | $896.5M | $698.5M | $958.4M | $634.9M | $577.9M | $591.0M |
| Short-term investments | $7.99B | $8.01B | $7.63B | $105.3M | $102.4M | $111.3M | $63.9M | $5.53B | $5.60B | $5.77B | $5.84B | $5.63B |
| Receivables | $97.3M | $101.3M | $102.6M | $106.6M | $105.7M | $107.9M | $116.8M | $127.3M | $126.4M | $125.5M | $129.1M | $129.2M |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $0 | −$830.3M | −$8.92B | −$760.5M | −$9.56B | −$863.1M |
| Other current assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $830.4M | $8.92B | $760.5M | $9.56B | $863.1M |
| Total current assets | $8.33B | $321.7M | $460.8M | $1.66B | $1.30B | $1.09B | $1.08B | $6.36B | $6.69B | $6.53B | $6.55B | $6.35B |
| Property, plant & equipment (net) | $412.8M | $403.1M | $406.6M | $415.1M | $413.0M | $428.9M | $427.2M | $432.7M | $436.5M | $439.9M | $444.3M | $446.3M |
| Goodwill & intangible assets | $1.24B | $1.15B | $1.15B | $1.18B | $1.19B | $1.19B | $1.19B | $1.20B | $1.20B | $1.21B | $1.21B | $1.22B |
| Long-term investments | $7.99B | $8.01B | $7.63B | $7.31B | $7.31B | $7.50B | $7.74B | $8.28B | $8.40B | $8.63B | $9.05B | $8.89B |
| Other non-current assets | $7.91B | $16.54B | $16.99B | $16.77B | $17.36B | $18.07B | $18.70B | $13.33B | $13.56B | $13.34B | $13.42B | $13.64B |
| Total assets | $25.89B | $26.43B | $26.64B | $27.33B | $27.57B | $28.28B | $29.14B | $29.60B | $30.29B | $30.14B | $30.67B | $30.54B |
| Liabilities | ||||||||||||
| Accounts payable | $362.3M | $406.8M | $323.7M | $478.4M | $334.8M | $399.3M | $425.9M | $422.4M | $469.4M | $439.6M | $432.6M | $516.6M |
| Short-term debt | $455.2M | $476.1M | $479.6M | $485.2M | $509.3M | $1.24B | $2.09B | $2.64B | $3.17B | $3.14B | $3.39B | $889.5M |
| Deferred revenue | — | — | — | — | — | — | — | — | −$469.4M | −$439.6M | −$432.6M | −$2.44B |
| Total current liabilities | $21.90B | $476.1M | $12.09B | $23.57B | $23.47B | $24.37B | $25.53B | $25.92B | $26.51B | $26.39B | $27.14B | $25.09B |
| Long-term debt | $296.7M | $296.6M | $295.4M | $308.6M | $665.1M | $543.3M | $294.5M | $299.6M | $545.7M | $533.1M | $283.0M | $2.35B |
| Lease obligations | — | — | $600,000 | $700,000 | $700,000 | — | $800,000 | $800,000 | $800,000 | $800,000 | $900,000 | — |
| Other long-term liabilities | $369.2M | $22.30B | $10.81B | $7.0M | $4.8M | $5.1M | $6.0M | $6.4M | $6.6M | $16.2M | $19.3M | $18.8M |
| Total liabilities | $22.56B | $23.07B | $23.19B | $23.88B | $24.14B | $24.92B | $25.83B | $26.23B | $27.06B | $26.94B | $27.44B | $27.46B |
| Shareholders' equity | ||||||||||||
| Common stock & paid-in capital | $2.20B | $2.27B | $2.35B | $2.44B | $2.46B | $2.46B | $2.46B | $2.46B | $2.45B | $2.45B | $2.45B | $2.48B |
| Retained earnings (deficit) | $1.33B | $1.29B | $1.27B | $1.21B | $1.19B | $1.17B | $1.17B | $1.16B | $1.16B | $1.15B | $1.14B | $1.12B |
| Accumulated other comprehensive income | −$203.5M | −$195.7M | −$178.1M | −$204.1M | −$232.9M | −$267.5M | −$321.9M | −$254.9M | −$385.5M | −$386.9M | −$356.5M | −$521.7M |
| Total shareholders' equity | $3.32B | $3.36B | $3.45B | $3.45B | $3.42B | $3.36B | $3.30B | $3.37B | $3.23B | $3.21B | $3.23B | $3.09B |
| Key figures | ||||||||||||
| Total debt | $751.9M | $772.7M | $775.7M | $794.5M | $1.17B | $1.78B | $2.39B | $2.94B | $3.72B | $3.67B | $3.67B | $3.24B |
| Net cash (debt) | $7.58B | −$451.0M | −$417.5M | $759.9M | $18.1M | −$798.7M | −$1.43B | $3.30B | $2.84B | $2.74B | $2.75B | $2.98B |
| Working capital | −$13.57B | −$154.4M | −$11.63B | −$21.91B | −$22.18B | −$23.28B | −$24.46B | −$19.56B | −$19.82B | −$19.85B | −$20.59B | −$18.74B |
| Tangible book value | $2.08B | $2.21B | $2.29B | $2.27B | $2.24B | $2.17B | $2.11B | $2.17B | $2.02B | $2.00B | $2.02B | $1.87B |
| Book value per share | $34.33 | $33.84 | $34.10 | $33.36 | $33.10 | $32.50 | $31.95 | $32.60 | $31.29 | $31.15 | $31.14 | $29.72 |
| Shares outstanding | 96.8M | 99.2M | 101.1M | 103.4M | 103.4M | 103.4M | 103.4M | 103.2M | 103.1M | 103.0M | 103.7M | 103.8M |
| Current ratio | 0.38 | 0.68 | 0.04 | 0.07 | 0.06 | 0.04 | 0.04 | 0.25 | 0.25 | 0.25 | 0.24 | 0.25 |
| Quick ratio | 0.38 | 0.89 | 0.04 | 0.07 | 0.06 | 0.04 | 0.04 | 0.25 | 0.25 | 0.25 | 0.24 | 0.25 |
| Debt / equity | 0.23 | 0.23 | 0.23 | 0.23 | 0.34 | 0.53 | 0.72 | 0.87 | 1.15 | 1.14 | 1.14 | 1.05 |
| Equity / assets | 12.8% | 12.7% | 12.9% | 12.6% | 12.4% | 11.9% | 11.3% | 11.4% | 10.6% | 10.6% | 10.5% | 10.1% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed February 26, 2026); data from EODHD.
FIBK financial position
At the end of fiscal 2025 (December 31, 2025), First Interstate BancSystem had total assets of $26.6 billion (down 8.6% from a year earlier), total liabilities of $23.2 billion and shareholders' equity of $3.4 billion. It held $358.2 million in cash and short-term investments against $775.7 million of debt, net debt of $417.5 million. Its current ratio was 0.04. In the latest quarter (ended June 30, 2026) total assets were $25.9 billion and equity $3.3 billion.
Related: FIBK income statement, FIBK cash flow statement, FIBK key metrics. See the FIBK stock overview for the latest quote and news.
FIBK balance sheet FAQ
What are First Interstate BancSystem's total assets?
First Interstate BancSystem reported total assets of $26.6 billion at the end of fiscal 2025 (December 31, 2025), compared with $29.1 billion a year earlier.
How much debt does First Interstate BancSystem have?
First Interstate BancSystem had $775.7 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.23.
How much cash does First Interstate BancSystem have?
First Interstate BancSystem held $358.2 million in cash and short-term investments at the end of fiscal 2025; with $775.7 million of debt that is net debt of $417.5 million.
What is First Interstate BancSystem's book value?
First Interstate BancSystem's shareholders' equity (book value) was $3.4 billion at the end of fiscal 2025, or $33.52 per share.
What is First Interstate BancSystem's current ratio?
First Interstate BancSystem had current assets of $460.8 million and current liabilities of $12.1 billion, a current ratio of 0.04 (current liabilities exceed current assets).
How much goodwill does First Interstate BancSystem have?
First Interstate BancSystem carried $1.2 billion of goodwill and intangible assets, 4.3% of total assets, at the end of fiscal 2025.