First Interstate BancSystem, Inc.

First Interstate BancSystem, Inc., incorporated on March 15, 1971, is a financial and bank holding company. The Company, through its bank subsidiaries First Interstate Bank (the Bank), delivers a range of banking products and services to individuals, businesses, municipalities and other entities. The Company also, through its subsidiary Bank of the Cascades, offers full-service community banking through 46 branches in Oregon, Idaho and Washington. The Company operates through community banking segment. Its community banking segment provides customers with commercial and consumer banking products and services in its market areas through community service activities. The Company also offers Internet and mobile banking services. In addition to its primary emphasis on commercial and consumer banking services, the Company also offers trust, employee benefit, investment and insurance services through its bank subsidiary. As of December 31, 2016, it operated 80 banking offices, including detached drive-up facilities, in 46 communities located in Montana, Wyoming and South Dakota. The Bank’s centralized operational activities generally support its banking offices in the delivery of products and services to customers and include marketing; credit review; credit cards; mortgage loan sales and servicing; indirect consumer loan purchasing and processing; loan collections, and other operational activities. The Bank offers various other services, which include credit administration, finance, accounting, human resource management, internal audit, technology, risk management, compliance and other support services. Lending Activities The Bank’s loan portfolio consists of a mix of real estate, consumer, commercial, agricultural and other loans, including fixed and variable rate loans. Its real estate loans comprise commercial real estate, construction (including residential, commercial and land development loans), residential, agricultural and other real estate loans. As of December 31, 2016, the Bank’s total loans amounted to $5.48 billion. Investment Activities The Bank’s investment portfolio principally consists of the United Sates Government agency residential mortgage-backed securities and collateralized mortgage obligations, the United Sates Government agency securities and tax-exempt securities. Federal funds sold and interest-bearing deposits in bank are additional investments that are classified as cash equivalents rather than as investment securities. The Bank’s investment securities classified as available-for-sale are recorded at fair value, while investment securities classified as held-to-maturity are recorded at amortized cost. As of December 31, 2016, the Bank’s investment securities amounted to $2.124 billion. Sources of Funds The Bank offers depository products, including checking, savings and time deposits. The Bank also offers repurchase agreements primarily to commercial and municipal depositors. The Bank’s deposits consist of non-interest bearing and interest bearing demand, savings, individual retirement and time deposit accounts. Its main sources of funding include management fees and dividends declared and paid by its subsidiaries and access to capital markets. As of December 31, 2016, the Bank’s total deposits amounted to $7.38 billion.
Bank NameFirst Interstate BancSystem, Inc.
Stock ExchangeLSE
IndustryMajor Banks
CountryUnited States
World Region"North America "
CEOMr. Kevin P. Riley
Registered Year1971

  2017 2016 2015
  € m € m € m
Total interest income 378 297 282
Total Interest Expenses 282 18 18
Net Interest income 350 280 264
Total Net Revenue 492 416 385
Earnings per share      
Basic 2.07 2.15 1.92
Diluted 2.05 2.13 1.9
Total current assets
Other assets 406,298 279,821 265,327
Total assets 12,213,255 9,063,895 8,728,196
Total current liabilities
Total liabilities 10,785,639 8,081,302 7,777,703
Total Equity 1,427,616 982,593 950,493
Net income      
Net cash provided by operating activities 155 118 115
Net cash used for investment activities 131 143 95
Net cash provided by financing activities 47 27 38
Currency in EUR, All numbers in million.      

United States