First Interstate BancSystem Inc. is a financial holding company which is headquartered in Billings, located in Montana which is also a parent company of First Interstate Bank, a community bank offering a full range of internet, mobile and other banking and financial services throughout Montana, Idaho, South Dakota, Oregon, Washington, and Wyoming.
First Interstate BancSystem Inc.’s course was set by its founder, Homer Scott, Sr., who believed that people and organizations are not known by what they say, but by what they do. From the time Homer Scott, Sr. purchased the first bank in 1967, through our growth in over four decades, the family of First Interstate BancSystem, Inc. has always stuck to a strong set of guiding principles, which are formally stated in the Company’s Strategic Vision.
First Interstate Bancsystem Inc Review 2019
We have grown our business through a long-term disciplined approach that focuses our commitment to providing high-quality financial products and services, delivering quality customer service, customer satisfaction, affecting business leadership through professional and dedicated managers and employees, assisting our communities through socially responsible leadership and cultivating a strong and positive corporate culture.
Our intention is to remain a leader in our markets by continuing to adhere to the core principles and values that have contributed to our growth and success and by continuing to follow our community banking model. First Interstate BancSystem, Inc. operates as a bank. It offers interest and non-interest bearing time and savings deposits along with demand deposits.
The company’s deposits include retail time deposits and jumbo deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans and other loans and leases. It offers consumer loans which include revolving credit plans, credit card loans, and automotive loans. It offers commercial real estate loans for land development and on-site construction of industrial, commercial, residential, or farm buildings in the United States; real estate-backed residential loans; and commercial loans collateralized by real estate properties.
The company provides both domestic and foreign commercial as well as industrial loans. The company offers loans for financing agricultural production; loans which include unplanned and planned overdrafts, to governments in non-U.S. countries, to their international and regional institutions and official institutions. For 2017, the company has an asset value of 12.2 million USD.
The bank has generated a net income of 106,522 USD on December 31, 2017. The company was formerly known as First Interstate Bancsystem Of Montana, Inc. and changed its name to First Interstate BancSystem, Inc. in September 1997. First Interstate BancSystem, Inc. was founded in 1971 and is based in Billings, Montana.
For the fourth quarter, the company announced net income was USD 40.4 million compared to USD 34.2 million a year ago. Basic earnings per share were USD 0.67 compared to USD 0.61 a year ago. For the full year, net income was USD 160.2 million compared to USD 106.5 million a year ago. Basic earnings per share were USD 2.77 compared to USD 2.07 a year ago. Diluted earnings per shares were USD 2.74 compared to USD 2.05 a year ago.