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    Assessing First Interstate BancSystem (FIBK) Valuation After Recent Share Price Momentum

    Simply Wall St·02/12/2026 10:27:02
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    First Interstate BancSystem (FIBK) is back on many investors’ screens after its recent share performance, with the stock showing mixed short term moves alongside stronger returns over the past 3 months and year.

    See our latest analysis for First Interstate BancSystem.

    At a latest share price of US$37.93, First Interstate BancSystem’s recent 90 day share price return of 20.72% sits alongside a 1 year total shareholder return of 25.76%, which suggests momentum has been building rather than fading.

    If this bank’s recent move has you thinking about what else is working in financials and beyond, it could be a good time to scan our list of 22 top founder-led companies for fresh ideas.

    So with First Interstate BancSystem trading at about US$37.93 and only a small gap to the US$38.00 analyst target but a roughly 25% intrinsic discount, is there still a buying opportunity here, or is the market already pricing in future growth?

    Most Popular Narrative: 20% Undervalued

    With First Interstate BancSystem last closing at US$37.93 against a fair value narrative of US$38.00, the current price sits close to that anchor while still implying a material discount on longer term cash flow assumptions.

    Strong capital and liquidity levels, further enhanced by the Arizona and Kansas branch transaction, give the company multiple options for value creation (e.g., share repurchases, organic investment, or future M&A), increasing flexibility to support shareholder returns and earnings growth through 2026 and beyond.

    Read the complete narrative.

    Want to see what is behind that flexibility message? The narrative leans on steady revenue expansion, fatter margins, and a lower future earnings multiple. Curious how those ingredients combine to support today’s fair value line.

    Result: Fair Value of $38.00 (UNDERVALUED)

    Have a read of the narrative in full and understand what's behind the forecasts.

    However, you still need to watch for ongoing declines in loan balances and rising criticized loans, as weaker credit trends could pressure earnings and challenge that undervaluation story.

    Find out about the key risks to this First Interstate BancSystem narrative.

    Build Your Own First Interstate BancSystem Narrative

    If you see the numbers differently or simply prefer to test your own view, you can build a custom story around the latest data in just a few minutes, starting with Do it your way

    A great starting point for your First Interstate BancSystem research is our analysis highlighting 4 key rewards and 1 important warning sign that could impact your investment decision.

    Looking for more investment ideas?

    If you stop at one stock, you risk missing opportunities that match your style, so put the Simply Wall St screener to work across sectors and themes.

    This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.