First Interstate BancSystem, Inc. (FIBK) Income Statement
FIBK 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFIBK revenue and net income
Where FIBK's revenue goes
2025Each bar shows an amount and its share of revenue. FIBK kept 28.5% of revenue as net income.
FIBK profit margins
FIBK growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −28.5% | −3.7% | +9.2% | +10.1% |
| Gross profit | +10.7% | +0.3% | +11.6% | +10.5% |
| Operating income | +33.0% | +15.1% | +13.4% | +11.6% |
| Net income | +33.7% | +14.3% | +13.4% | +13.3% |
| EPS (diluted) | +34.7% | −2.1% | +3.0% | +4.0% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FIBK quarterly EPS vs estimates
First Interstate BancSystem beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: October 22, 2026 (estimate $0.70).
FIBK income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.06B | $1.48B | $147.0M | $1.18B | $656.0M | $680.3M | $696.6M | $612.2M | $519.6M | $429.7M |
| Cost of revenue | $26.8M | $548.7M | $71.6M | $161.6M | $2.7M | $83.5M | $72.9M | $49.5M | $39.0M | $27.6M |
| Gross profit | $1.03B | $931.9M | $75.4M | $1.02B | $653.3M | $596.8M | $623.7M | $562.7M | $480.6M | $402.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $424.6M | $371.3M | $372.8M | $377.4M | $229.9M | $231.8M | $214.5M | $203.1M | $168.5M | $151.2M |
| Total operating expenses | $639.8M | $637.4M | $261.4M | $766.0M | $405.5M | $387.5M | $388.6M | $356.4M | $323.9M | $256.8M |
| Operating income | $391.7M | $294.5M | $336.8M | $257.1M | $247.8M | $209.3M | $235.1M | $206.3M | $156.7M | $145.3M |
| Interest income | $1.18B | $1.30B | $1.26B | $942.6M | $488.2M | $497.0M | $554.0M | $473.4M | $377.8M | $297.4M |
| Interest expense | $352.6M | $480.9M | $656.8M | $78.9M | $17.3M | $26.6M | $59.0M | $40.9M | $27.9M | $17.7M |
| Income before taxes | $391.7M | $294.5M | $336.8M | $257.1M | $247.8M | $209.3M | $235.1M | $206.3M | $156.7M | $145.3M |
| Income taxes | $89.6M | $68.5M | $79.3M | $54.9M | $55.7M | $48.1M | $54.1M | $46.1M | $50.2M | $49.6M |
| Net income | $302.1M | $226.0M | $257.5M | $202.2M | $192.1M | $161.2M | $181.0M | $160.2M | $106.5M | $95.7M |
| EBITDA | $442.5M | $351.5M | $336.8M | $312.6M | $292.2M | $254.4M | $273.8M | $233.9M | $175.1M | $164.8M |
| EPS (diluted) | $2.95 | $2.19 | $2.67 | $3.14 | $3.26 | $2.55 | $3.08 | $2.93 | $2.39 | $2.12 |
| Gross margin | 97.5% | 62.9% | 51.3% | 86.4% | 99.6% | 87.7% | 89.5% | 91.9% | 92.5% | 93.6% |
| Operating margin | 37.0% | 19.9% | 229.1% | 21.7% | 37.8% | 30.8% | 33.7% | 33.7% | 30.2% | 33.8% |
| Net margin | 28.5% | 15.3% | 175.2% | 17.1% | 29.3% | 23.7% | 26.0% | 26.2% | 20.5% | 22.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $61.7M | $242.9M | $313.0M | $335.7M | $338.6M | $345.3M | $372.8M | $374.4M | $366.6M | $366.8M | $368.8M | $364.6M |
| Cost of revenue | −$148.4M | $6.7M | $7.1M | $85.2M | $90.0M | $118.3M | $145.2M | $142.3M | $131.3M | $129.9M | $121.9M | $108.8M |
| Gross profit | $210.1M | $236.2M | $305.9M | $250.5M | $248.6M | $227.0M | $227.6M | $232.1M | $235.3M | $236.9M | $246.9M | $255.8M |
| Sales, general & admin | $101.9M | $108.3M | $112.9M | $89.9M | $5.7M | $92.9M | $93.8M | $95.8M | $89.8M | $91.9M | $94.5M | $90.1M |
| Total operating expenses | $101.9M | $158.7M | $166.7M | $157.9M | $155.1M | $160.6M | $160.9M | $159.4M | $156.9M | $160.2M | $166.0M | $161.1M |
| Operating income | $108.2M | $77.5M | $139.2M | $92.6M | $93.5M | $66.4M | $66.7M | $72.7M | $78.4M | $76.7M | $80.9M | $94.7M |
| Interest income | $270.6M | $271.3M | $285.2M | $292.0M | $297.5M | $303.3M | $325.8M | $328.0M | $324.0M | $324.7M | $324.3M | $324.3M |
| Interest expense | $68.4M | $70.6M | $78.8M | $85.2M | $90.3M | $98.3M | $111.5M | $122.5M | $122.3M | $124.6M | $116.5M | $108.9M |
| Income before taxes | $108.2M | $77.5M | $139.2M | $92.6M | $93.5M | $66.4M | $66.7M | $72.7M | $78.4M | $76.7M | $80.9M | $94.7M |
| Income taxes | $24.3M | $17.3M | $30.4M | $21.2M | $21.8M | $16.2M | $14.6M | $17.2M | $18.4M | $18.3M | $19.4M | $22.0M |
| Net income | $83.9M | $60.2M | $108.8M | $71.4M | $71.7M | $50.2M | $52.1M | $55.5M | $60.0M | $58.4M | $61.5M | $72.7M |
| EBITDA | $120.7M | $90.0M | $153.6M | $109.0M | $103.0M | $76.9M | $82.3M | $88.1M | $88.5M | $92.6M | $94.2M | $108.0M |
| EPS (diluted) | $0.87 | $0.61 | $1.08 | $0.69 | $0.69 | $0.49 | $0.50 | $0.54 | $0.58 | $0.57 | $0.59 | $0.70 |
| Gross margin | 340.5% | 97.2% | 97.7% | 74.6% | 73.4% | 65.7% | 61.1% | 62.0% | 64.2% | 64.6% | 66.9% | 70.2% |
| Operating margin | 175.4% | 31.9% | 44.5% | 27.6% | 27.6% | 19.2% | 17.9% | 19.4% | 21.4% | 20.9% | 21.9% | 26.0% |
| Net margin | 136.0% | 24.8% | 34.8% | 21.3% | 21.2% | 14.5% | 14.0% | 14.8% | 16.4% | 15.9% | 16.7% | 19.9% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FIBK's financial statements (latest annual report filed February 26, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FIBK financial results
In fiscal year 2025 (ended December 31, 2025), First Interstate BancSystem reported revenue of $1.1 billion, down 28.5% from the year before. It had net income of $302.1 million (up 33.7%), a net profit margin of 28.5%. Diluted earnings per share came to $2.95. Over five years revenue grew at an average rate of 9.2% a year.
See the FIBK stock overview for the latest quote and news, or the FIBK chart for price history and technical indicators.
FIBK income statement FAQ
What is First Interstate BancSystem's annual revenue?
First Interstate BancSystem reported total revenue of $1.1 billion for fiscal year 2025, which ended on December 31, 2025. That was down 28.5% from $1.5 billion the previous year.
Is First Interstate BancSystem profitable?
Yes. First Interstate BancSystem reported net income of $302.1 million in fiscal 2025, a net profit margin of 28.5%; its operating margin was 37.0%.
What is First Interstate BancSystem's gross margin?
First Interstate BancSystem's gross margin was 97.5% in fiscal 2025: for every $100 of revenue, First Interstate BancSystem kept $97 after the direct cost of its products and services.
How fast is First Interstate BancSystem growing?
Revenue grew 9.2% a year on average over the last five fiscal years, from $680.3 million to $1.1 billion.
What are First Interstate BancSystem's earnings per share?
First Interstate BancSystem earned $2.95 per diluted share in fiscal 2025, compared with $2.19 a year earlier.
When will First Interstate BancSystem report its next earnings?
First Interstate BancSystem is expected to report results for the quarter ending September 30, 2026 on October 22, 2026 after the market closes.
When does First Interstate BancSystem's fiscal year end?
First Interstate BancSystem's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 26, 2026.