First Interstate BancSystem, In FIBK

Competitive advantage analysis · financial-services

Bank Specialized
Overall moat score
62/100
Moderate

Ranked against 399 peers in Banks - Regional

About First Interstate BancSystem, In

First Interstate BancSystem, Inc. operates as the bank holding company for First Interstate Bank that provides a range of banking products and services in the United States. The company offers various traditional depository products, including checking, savings, and time deposits; and repurchase agreements primarily for commercial and municipal depositors. It also provides a range of trust, employee benefit, investment management, … Full FIBK analysis →

Key strengths

  • Strong Capital Position Capital position is strong (score 0.87), exceeding regulatory minimums.
  • Disciplined Risk Management Risk management appears disciplined (asset quality score 0.70).

Key risks

  • Revenue Concentration Risk Revenue concentration is concerning (growth stability 0.14).

The dashed ring is the peer median. Defense scores are percentile ranks against peers, so 50 is roughly the typical company in this group.

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Deposit Franchise

Moderate
65
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Signals, strengths and risks for Deposit Franchise

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Signals, strengths and risks for Lending Advantage

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Signals, strengths and risks for Capital Strength

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Signals, strengths and risks for Cost Discipline

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Signals, strengths and risks for Revenue Diversification

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Signals, strengths and risks for Risk Management

Where FIBK ranks in Banks - Regional

First Interstate BancSystem, In ranks #116 of 393 scored companies in Banks - Regional by moat score — the top 30%. The widest moat in the group is 1st Source Corporation (SRCE) at 86/100.

# Company Moat score Rating
112 Fifth Third Bancorp - Depositar FITBO 62/100 Moderate
113 Fifth Third Bancorp - Depositar FITBP 62/100 Moderate
114 M&T Bank Corporation MTB 62/100 Moderate
115 United Community Banks, Inc. UCB 62/100 Moderate
116 First Interstate BancSystem, In FIBK 62/100 Moderate
117 Magyar Bancorp, Inc. MGYR 62/100 Moderate
118 National Bank Holdings Corporat NBHC 62/100 Moderate
119 Banco Latinoamericano de Comerc BLX 61/100 Moderate
120 First Mid Bancshares, Inc. FMBH 61/100 Moderate

See every Banks & Lenders company ranked by moat score →

How FIBK scores on the Bank Specialized defenses

Deposit Franchise

Score 64 · 22% of the moat score

A deposit franchise is the cheapest and most valuable thing a bank can own.

Lending Advantage

Score 75 · 18% of the moat score

Lending advantage is the ability to originate loans at attractive spreads without buying that volume with looser credit standards.

Capital Strength

Score 68 · 20% of the moat score

Capital is the buffer between loan losses and insolvency, and it is what regulators judge a bank on first.

Cost Discipline

Score 67 · 16% of the moat score

Banking carries high fixed costs in branches, compliance and technology, so what it costs to run the bank relative to what the bank earns is a genuine competitive variable.

Revenue Diversification

Score 12 · 14% of the moat score

A bank earning everything from net interest income is a leveraged bet on the rate cycle.

Risk Management

Score 80 · 10% of the moat score

Risk management is the defense that only reveals itself late.

How each Bank Specialized defense is measured, in full →

Understanding FIBK's moat

What is First Interstate BancSystem, In's moat score?

First Interstate BancSystem, In (FIBK) scores 62 out of 100 on the StatsAlpha Moat Map, which rates its competitive advantage as moderate. It ranks #116 of 393 scored companies in Banks - Regional, the top 30%. The score is a weighted composite of 6 competitive defenses, each measured against industry peers of 399 companies in Banks - Regional. Its strongest defense is Risk Management (80/100) and its weakest is Revenue Diversification (12/100).

How does First Interstate BancSystem, In compare with other Banks - Regional companies?

First Interstate BancSystem, In ranks #116 of 393 scored companies in Banks - Regional by moat score. The widest moat in Banks - Regional is 1st Source Corporation (SRCE) at 86/100. The companies ranked closest are United Community Banks, Inc. (UCB) at 62 just above it and Magyar Bancorp, Inc. (MGYR) at 62 just below it.

How is the moat score calculated?

Each company is scored with an industry-specific template — Bank Specialized in this case, chosen because the defenses that matter to a bank are not the ones that matter to a software company. Every defense combines several financial signals, and each signal is measured as a percentile against a peer group of 399 companies in Banks - Regional. The defenses are then weighted to produce the overall score out of 100.

Why is First Interstate BancSystem, In scored with the Bank Specialized template?

A bank does not sell a product at a margin. It funds itself, lends at a spread, and books profits that remain an estimate until the loans are actually repaid. That makes the usual margin-and-return questions misleading, so the Bank template scores what really determines a bank's durability: where its funding comes from, what it lends against, how much capital stands behind it, and whether it has been pricing risk honestly.

Which competitive defenses are measured for First Interstate BancSystem, In?

The Bank Specialized template measures 6 defenses, and FIBK scores: Deposit Franchise (64), Lending Advantage (75), Capital Strength (68), Cost Discipline (67), Revenue Diversification (12), Risk Management (80). Each is scored independently as a percentile against peers, so a company can be strong on one and weak on another — the overall score reflects how those defenses are weighted for this industry.

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