First Interstate BancSystem
Billings, Montana, United States · Banking, Finance, Financial Services
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, including detached drive-up facilities, in communities across Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyo
Key facts
- Headquarters
- Billings, Montana, United States
- Employees
- 1,001
- Industries
- Banking, Finance, Financial Services
- Status
- Public (FIBK)
- Website
- fibk.com
- Company page
Recent activity at First Interstate BancSystem
- : SEC 8-K (8.01): On October 22, 2026, the Company announced that the Board of Directors declared a dividend of $0.47 per share on October 21, 2026. This dividend is scheduled to be payable on November 13, 2026, to shareholders of record as of November 3, 2026. This declaration represents a return of capital to shareholders and reflects positively on the Company's cash position. The announcement is significant as it signifies the Company's commitment to providing shareholder value despite market conditions.
- : First Interstate BancSystem Appoints Jeff Lee as Executive Vice President and Chief Operations Officer
- : SEC 8-K (5.02): On September 14, 2026, First Interstate BancSystem, Inc. executed a formal employment agreement with Mr. Jeff Lee, who has been appointed as Executive Vice President and Chief Operations Officer. The agreement became effective immediately on the same date. This appointment is aligned with previous disclosures made in an August 21, 2026, Form 8-K, marking a significant update in the company's management team. The execution of this agreement may imply shifts in operational strategy and management focus for the bank.
- : First Interstate Appoints Jeff Lee as Chief Operations Officer
- : SEC 8-K (5.02): On August 21, 2026, the registrant announced the appointment of Mr. Jeff Lee as Executive Vice President and Chief Operations Officer. His employment is expected to start on September 14, 2026. Mr. Lee has over 20 years of experience in banking leadership and comes from a background that includes significant roles at Seacoast Banking Corporation and American Express. His initial annual base salary will be $480,000, with additional incentives and a long-term incentive award valued at $200,000, which will vest over three years. This appointment aims to enhance the operational leadership of the registrant and its subsidiary, First Interstate Bank.
- : SEC 8-K (8.01): On July 22, 2026, the Board of Directors of First Interstate Bancsystem, Inc. declared a dividend of $0.47 per share. This dividend is payable on August 14, 2026, to shareholders of record as of August 4, 2026. The announcement was made public on July 23, 2026, highlighting the company's commitment to returning value to its shareholders. The declaration of the dividend indicates a stable financial position and a positive outlook for the company, which may influence investor decisions moving forward.
- : SEC 8-K (5.02): On July 13, 2026, the Board of Directors of First Interstate BancSystem, Inc. appointed Mr. Matthew Ritter and Mr. Kevin Turner as Class II directors, serving terms expiring at the 2029 annual meeting. This appointment fills vacancies created by the Board's decision to increase its size. Mr. Ritter brings over 25 years of experience in finance, real estate, and investment, while Mr. Turner has a notable background with Microsoft and Walmart. Their appointments were made without any prior arrangement, and both directors have been deemed independent. Their addition could strengthen the company's leadership and strategic direction.
- : SEC 8-K (5.02): Effective July 9, 2026, Mr. Kirk D. Jensen's employment as Executive Vice President and General Counsel/Corporate Secretary was terminated involuntarily and without cause from the registrant and its wholly owned subsidiary, First Interstate Bank. This termination was executed under the terms of his existing employment agreement. The registrant plans to initiate a national search for a new candidate to fill this role, while current in-house lawyers will manage the responsibilities temporarily. Importantly, this termination was not due to any disagreements regarding the registrant's financial reporting or operations, ensuring a stable transition during this change in leadership.
- : SEC 8-K (5.02): On May 27, 2026, as per the retirement policy of First Interstate BancSystem, Inc., Ms. Patricia L. Moss and Messrs. David L. Jahnke and Stephen M. Lacy automatically retired from the Company's Board of Directors due to reaching the age of 72. Their retirements were effective immediately prior to the Company's 2026 Annual Meeting of Shareholders. As a result, the size of the Board was reduced from 14 to 11 directors. The retirements were not associated with any disagreements regarding company practices. This change in Board composition may influence the strategic direction and governance of the Company moving forward.
- : SEC 8-K (5.02): On May 11, 2026, First Interstate BancSystem, Inc. announced the termination of Ms. Kristina Robbins from her role as Executive Vice President and Chief Operations Officer, effective immediately. She will transition to a new position as Executive Advisor to the CEO, Mr. James Reuter, expected to last until August 1, 2026, unless terminated earlier. The company has entered into a Transition and Separation Agreement with Ms. Robbins, which includes her continued support in COO responsibilities during the transition period and retention of her current salary and benefits. This strategic shift is aimed at ensuring continuity and coordination of operations until a new COO is appointed.
Leadership
- Jeff Lee, Chief Operations Officer
- Jeff Lee, Executive Vice President
- James A. Reuter, President
- Lori Meyer, Chief Information Officer
Verified email and direct lines for First Interstate BancSystem’s decision-makers are on Fundz. See plans — or book a 15-minute walkthrough.
Employee benefit plans
First Interstate BancSystem files 4 employee benefit plans with the U.S. Department of Labor, including a retirement plan. The next plan year renews in Dec 2026.
First Interstate BancSystem in the news
- First Interstate BancSystem (FIBK) Misses Q3 Earnings Estimates - Yahoo Finance (Oct 22, 2026)
- First Interstate BancSystem’s (NASDAQ:FIBK) Q3 2026 earnings results: revenue in line with expectations - Yahoo Finance (Oct 22, 2026)
- Mid-Sized Banks on October 22: Only First Interstate BancSystem (NASDAQ:FIBK) Missed Among Ten Reporters - kalkine.ca (Oct 23, 2026)
- First Interstate BancSystem Earnings: What To Look For From FIBK - The Chronicle-Journal (Oct 21, 2026)
- First Interstate BancSystem (FIBK) Stock Drifts As Q3 Results Lean On Margin Gains - Simply Wall Street (Oct 23, 2026)
- First Interstate BancSystem, Inc. Announces Third Quarter Earnings Release and Conference Call - Business Wire (Oct 05, 2026)
- First Interstate BancSystem Inc (FIBK) (Q3 2026) Earnings Call Highlights: Margin Expansion ... - Yahoo Finance (Oct 24, 2026)
- Why First Interstate BancSystem (FIBK) Could Be 8% Undervalued Following Mixed Earnings - Simply Wall Street (Oct 23, 2026)
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About First Interstate BancSystem: questions and answers
What does First Interstate BancSystem do?
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, including detached drive-up facilities, in communities across Arizona, Colorado, Idaho, Iowa, Kansas, Minnesota, Missouri, Montana, Nebraska, North Dakota, Oregon, South Dakota, Washington, and Wyo
Where is First Interstate BancSystem headquartered?
First Interstate BancSystem is headquartered in Billings, Montana, United States.
How many employees does First Interstate BancSystem have?
First Interstate BancSystem has about 1,001 employees.
Who leads First Interstate BancSystem?
Jeff Lee is an Executive Vice President at First Interstate BancSystem.
What is the latest news on First Interstate BancSystem?
On Oct 22, 2026, SEC 8-K (8.01): On October 22, 2026, the Company announced that the Board of Directors declared a dividend of $0.47 per share on October 21, 2026. This dividend is scheduled to be payable on November 13, 2026, to shareholders of record as of November 3, 2026. This declaration represents a return of
Is First Interstate BancSystem a public company?
Yes. First Interstate BancSystem is publicly traded under the ticker FIBK.
Source: Fundz records from SEC filings, press releases and company announcements. How Fundz measures data accuracy