• On October 25, 2025, HoldCo Asset Management, LP, a Florida-based investment firm, publicly released a presentation previously shared with the Board of First Interstate BancSystem, advocating for a stock buyback strategy.
• This direct call for a buyback from a significant shareholder highlights ongoing active investor engagement in shaping the company's capital allocation decisions.
• We'll explore how HoldCo Asset Management's advocacy for share repurchases could influence First Interstate BancSystem’s outlook and investment case.

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First Interstate BancSystem Investment Narrative Recap

To be a shareholder of First Interstate BancSystem, you need confidence in its strong, low-cost deposit base across high-growth markets and its disciplined focus on operational efficiency. The recent call for a stock buyback by HoldCo Asset Management brings investor focus to capital returns, but it does not materially alter the primary short-term catalyst, organic loan and deposit growth in key regions, or the major risk, which remains ongoing pressure on loan balances and asset quality from sector-specific headwinds.

Relevant to HoldCo’s campaign, First Interstate authorized a US$150,000,000 share repurchase program in August 2025. This move gives the company added flexibility in capital allocation, especially amid shareholder advocacy for buybacks, and links directly to the ongoing catalyst of operational improvements and core market growth.

Yet, despite these positive developments, it’s crucial not to overlook the risk that ongoing declines in certain loan segments could pressure future revenue and net interest income if...

First Interstate BancSystem's outlook forecasts $1.1 billion in revenue and $686.4 million in earnings by 2028. This implies annual revenue growth of 6.8% and an earnings increase of $456.9 million from current earnings of $229.5 million.

Uncover how First Interstate BancSystem's forecasts yield a $34.38 fair value, a 9% upside to its current price.

Exploring Other Perspectives

Simply Wall St Community members gave 9 different fair value estimates for First Interstate BancSystem, ranging from US$25.00 to US$39.81 per share. With wide differences in opinion, remember that ongoing declines in loan balances can affect how the company grows its core earnings and long-term value.

Explore 9 other fair value estimates on First Interstate BancSystem - why the stock might be worth 21% less than the current price!

Build Your Own First Interstate BancSystem Narrative

Disagree with existing narratives? Create your own in under 3 minutes - extraordinary investment returns rarely come from following the herd.

• A great starting point for your First Interstate BancSystem research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.
• Our free First Interstate BancSystem research report provides a comprehensive fundamental analysis summarized in a single visual - the Snowflake - making it easy to evaluate First Interstate BancSystem's overall financial health at a glance.

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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.