First Interstate BancSystem director Scott sells $186,294 in shares

Jonathan R. Scott, a director and 10% owner of FIRST INTERSTATE BANCSYSTEM INC (NASDAQ:FIBK), sold common stock totaling $186,294 across two transactions in late October 2026.

On October 23, 2026, Mr. Scott disposed of 825 shares of common stock. These shares were sold at a weighted average price of $37.00, with individual transaction prices ranging from $37.00 to $37.01.

Subsequently, on October 26, 2026, Mr. Scott sold an additional 4,175 shares. The shares in this transaction were sold at a weighted average price of $37.31, with prices ranging from $37.15 to $37.38.

In total, Mr. Scott sold 5,000 shares of FIRST INTERSTATE BANCSYSTEM INC common stock within a price range of $37.00 to $37.31 per share. The stock currently trades at $37.68, near the upper end of Scott’s selling range, with a P/E ratio of 11.7. According to InvestingPro analysis, FIBK appears undervalued at current levels, with the Fair Value suggesting potential upside. The company also offers a dividend yield of 5.11%. Investors can access detailed valuation metrics and 6 additional InvestingPro Tips to better understand the stock’s prospects.

Following these transactions, Mr. Scott beneficially owns 807,738 shares of FIRST INTERSTATE BANCSYSTEM INC. These holdings include shares held directly, as well as indirectly through various trusts, an LLC, and his spouse. Mr. Scott and other reporting persons may be deemed members of a group with other stockholders and disclaim beneficial ownership of any such securities except to the extent of their pecuniary interest.

In other recent news, First Interstate BancSystem reported its third-quarter 2026 earnings, revealing a profit of $0.65 per share, which fell short of Wall Street’s estimate of $0.91. Despite missing profit expectations, the company managed to surpass revenue forecasts, achieving $249.5 million. Net income for the quarter decreased to $62.2 million from $83.9 million in the previous quarter. The bank’s net interest margin improved for the 10th consecutive quarter, reaching 3.55%. Additionally, First Interstate BancSystem saw an increase in non-interest-bearing deposits for the second straight quarter. The company repurchased approximately 2 million shares for $76 million during this period. Management noted that they anticipate ongoing balance-sheet pressure from loan payoffs in the upcoming fourth quarter.