FIRST INTST BANCSYSTEM INC FIBK
COM · Common Stock · CUSIP 32055Y201
American regional financial services company
- SectorFinancials
- IndustryState Commercial Banks
- HeadquartersBillings, MT
- Founded1968
- Websitefirstinterstatebank.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($14.2m this quarter). Holder counts are more reliable. Shares outstanding: 95.3m as of 2026-07-30, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $38.56. Options: 2 managers hold calls ($886.9k notional), 3 hold puts ($3.8m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 241 |
| Q4 2022 | 255 |
| Q1 2023 | 223 |
| Q2 2023 | 215 |
| Q3 2023 | 203 |
| Q4 2023 | 208 |
| Q1 2024 | 227 |
| Q2 2024 | 220 |
| Q3 2024 | 239 |
| Q4 2024 | 242 |
| Q1 2025 | 250 |
| Q2 2025 | 235 |
| Q3 2025 | 239 |
| Q4 2025 | 279 |
| Q1 2026 | 289 |
| Q2 2026 | 299 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 119 | 97 |
| Q4 2024 | 108 | 111 |
| Q1 2025 | 127 | 100 |
| Q2 2025 | 132 | 113 |
| Q3 2025 | 114 | 108 |
| Q4 2025 | 150 | 100 |
| Q1 2026 | 138 | 137 |
| Q2 2026 | 141 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $623.9k | $5.8m | 9.32 |
| Q4 2025 | $557.1k | $0 | 0.00 |
| Q1 2026 | $738.1k | $0 | 0.00 |
| Q2 2026 | $886.9k | $3.8m | 4.24 |
Biggest buyers
| D. E. Shaw & Co., Inc. | New | +463.1k |
| STATE STREET CORP | Added | +359.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. | Added | +315.1k |
| TWO SIGMA INVESTMENTS, LP | Added | +280.9k |
| BlackRock, Inc. | Added | +253.2k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +169.2k |
| DIMENSIONAL FUND ADVISORS LP | Added | +152.4k |
| Invesco Ltd. | Added | +145.1k |
| MORGAN STANLEY | Added | +125.1k |
| CRAMER ROSENTHAL MCGLYNN LLC | Added | +119.8k |
Biggest sellers
| FMR LLC | Reduced | -1.4m |
| UBS Group AG | Reduced | -699.2k |
| JENNISON ASSOCIATES LLC | Sold out | -586.7k |
| FRANKLIN RESOURCES INC | Reduced | -453.7k |
| North Reef Capital Management LP | Sold out | -325.2k |
| RAYMOND JAMES FINANCIAL INC | Reduced | -324.9k |
| BANK OF AMERICA CORP /DE/ | Reduced | -315.8k |
| JPMORGAN CHASE & CO | Reduced | -300.7k |
| SEI INVESTMENTS CO | Reduced | -182.3k |
| MILLENNIUM MANAGEMENT LLC | Reduced | -142.4k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $771.2k20.0k shares |
| SIMPLEX TRADING, LLC | Added | $115.7k3.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | $2.0m52.5k shares |
| CITADEL ADVISORS LLC | New | $1.6m42.0k shares |
| SIMPLEX TRADING, LLC | New | $115.7k3.0k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution +6.6 pts · filed 2026-01-08 | 12.9% |
| STATE STREET CORP 13G · institution +1.1 pts · filed 2026-08-07 | 6.4% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2025-07-15 | 5.2% |
Fell to 5% or below in the last year: WELLINGTON MANAGEMENT GROUP LLP (4.0%, 2026-05-15), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 1 | $967.5k | — |
| Q1 2025 | 0 | — | 1 | $51.1k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $356.8k | — |
| Q4 2025 | 0 | — | 1 | $2.1m | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-16 | SCOTT JULIE A +4 10% owner · See Footnote | Sold | $101.6k2.7k shares |
| 2026-09-14 | Scott Jonathan R +5 10% owner · See Footnote | Sold | $301.0k8.1k shares |
| 2026-09-11 | Scott Jonathan R +5 10% owner · See Footnote | Sold | $626.9k16.9k shares |
| 2026-07-16 | Scott Jonathan R +5 10% owner · See Footnote | Sold | $403.0k10.0k shares |
| 2026-06-18 | SCOTT JULIE A +4 10% owner · See Footnote | Sold | $539.5k15.0k shares |
| 2026-06-18 | Scott Jonathan R +5 10% owner · See Footnote | Sold | $339.1k9.4k shares |
| 2026-06-17 | Scott Jonathan R +5 10% owner · See Footnote | Sold | $163.3k4.5k shares |
| 2026-06-04 | Scott Jonathan R +5 10% owner · See Footnote | Sold | $458.7k12.9k shares |
| 2026-04-30 | Scott Jonathan R +5 10% owner · See Footnote | Sold | $1.9m53.5k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 13.7m $529.5m | Added +253.2k |
| STATE STREET CORP 0.01% of their portfolio | 6.3m $241.0m | Added +359.5k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 5.8m $223.0m | Added +152.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 5.5m $212.3m | Added +15.9k |
| First Interstate Bank 9.28% of their portfolio | 4.6m $177.9m | Reduced -38.7k |
| HoldCo Asset Management, LP 9.78% of their portfolio | 4.0m $152.3m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 3.8m $145.3m | Reduced -114.1k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 3.7m $144.2m | Reduced -117.4k |
| FMR LLC 0.00% of their portfolio | 2.5m $95.0m | Reduced -1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 2.4m $92.1m | Added +169.2k |
| Capital International Investors 0.02% of their portfolio | 2.3m $90.3m | Added +51.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 2.1m $82.9m | Added +62.5k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.12% of their portfolio | 2.0m $77.8m | Added +315.1k |
| MORGAN STANLEY 0.00% of their portfolio | 1.6m $63.2m | Added +125.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 1.5m $56.4m | Reduced -315.8k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 1.4m $55.0m | Reduced -453.7k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.4m $54.4m | Reduced -300.7k |
| FIRST TRUST ADVISORS LP 0.03% of their portfolio | 1.3m $50.6m | Added +115.6k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 1.2m $46.6m | Reduced -63.4k |
| Capital World Investors 0.01% of their portfolio | 1.2m $45.4m | Added +32.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.2m $45.1m | Reduced -14.6k |
| UBS Group AG 0.01% of their portfolio | 1.1m $40.8m | Reduced -699.2k |
| CRAMER ROSENTHAL MCGLYNN LLC 2.02% of their portfolio | 1.0m $39.9m | Added +119.8k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.0m $38.7m | Added +26.5k |
| NORGES BANK 0.00% of their portfolio | 978.2k $37.7m | Not comparable |
| NORTHERN TRUST CORP 0.00% of their portfolio | 978.1k $37.7m | Added +96.8k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 1.48% of their portfolio | 778.0k $30.0m | Added +42.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 753.5k $29.1m | Added +47.7k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 638.7k $24.6m | Reduced -142.4k |
| Leeward Investments, LLC - MA 1.08% of their portfolio | 618.4k $23.8m | Reduced -13.6k |
| VILLERE ST DENIS J & CO LLC 2.61% of their portfolio | 567.7k $21.9m | Reduced -59.3k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 562.7k $21.7m | Reduced -5.1k |
| DAVIDSON INVESTMENT ADVISORS 0.75% of their portfolio | 478.9k $18.5m | Reduced -1.4k |
| Invesco Ltd. 0.00% of their portfolio | 475.0k $18.3m | Added +145.1k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 463.1k $17.9m | New |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 408.6k $15.8m | Reduced -18.8k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 396.6k $15.3m | Added +280.9k |
| Aristotle Capital Boston, LLC 0.90% of their portfolio | 348.5k $13.4m | Reduced -69.8k |
| Nuveen, LLC 0.00% of their portfolio | 323.3k $12.5m | Added +23.6k |
| Public Sector Pension Investment Board 0.03% of their portfolio | 290.4k $11.2m | Reduced -24.3k |
| Creative Planning 0.01% of their portfolio | 287.7k $11.1m | Added +88.1k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 283.2k $10.9m | Reduced -182.3k |
| Fisher Asset Management, LLC 0.00% of their portfolio | 265.5k $10.2m | Reduced -419 |
| Cambria Investment Management, L.P. 0.49% of their portfolio | 254.7k $9.8m | Reduced -22.1k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 225.3k $8.7m | Reduced -21.6k |
| Numerai GP LLC 0.67% of their portfolio | 213.4k $8.2m | Added +98.2k |
| Legal & General Group Plc 0.00% of their portfolio | 200.9k $7.7m | Reduced -3.0k |
| HARBOR CAPITAL ADVISORS, INC. 0.52% of their portfolio | 199.1k $7.7m | Reduced -1.1k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 195.2k $7.5m | Added +33.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.14% of their portfolio | 190.8k $7.4m | Added +104.1k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 175.1k $6.8m | Added +81.7k |
| Granite Investment Partners, LLC 0.34% of their portfolio | 174.4k $6.7m | Added +2.1k |
| Moody Aldrich Partners LLC 1.18% of their portfolio | 170.3k $6.6m | Unchanged |
| AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio | 167.0k $6.4m | Added +46.2k |
| Swiss National Bank 0.00% of their portfolio | 166.0k $6.4m | Reduced -7.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 163.2k $6.3m | Reduced -16.7k |
| CITIGROUP INC 0.00% of their portfolio | 162.4k $6.3m | Added +6.5k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 150.4k $5.8m | Reduced -15.2k |
| T. Rowe Price Investment Management, Inc. 0.00% of their portfolio | 148.7k $5.7m | Added +56.0k |
| KENNEDY CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 148.6k $5.7m | Added +39 |
| GREAT LAKES ADVISORS, LLC 0.04% of their portfolio | 146.2k $5.6m | Reduced -13.9k |
| BESSEMER GROUP INC 0.01% of their portfolio | 146.0k $5.6m | Added +150 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 130.2k $5.0m | Added +9.6k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 125.8k $4.9m | Added +998 |
| Squarepoint Ops LLC 0.01% of their portfolio | 124.8k $4.8m | Added +3.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 121.0k $4.7m | Added +88.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 118.5k $4.6m | Added +24.7k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 111.9k $4.3m | Added +8.4k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 107.2k $3.6m | Added +5.2k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 102.3k $3.9m | Added +15.3k |
| Vestmark Advisory Solutions, Inc. 0.04% of their portfolio | 101.8k $3.9m | Added +2.8k |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.03% of their portfolio | 100.0k $3.9m | Unchanged |
| RICE HALL JAMES & ASSOCIATES, LLC 0.19% of their portfolio | 99.9k $3.9m | Reduced -4.0k |
| Jump Financial, LLC 0.03% of their portfolio | 96.8k $3.7m | Added +66.1k |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 95.5k $3.7m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 95.2k $3.7m | Reduced -18.3k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 94.2k $3.6m | Added +41.4k |
| Rafferty Asset Management, LLC 0.01% of their portfolio | 93.8k $3.6m | Reduced -32.6k |
| PRUDENTIAL FINANCIAL INC 0.00% of their portfolio | 88.8k $3.4m | Reduced -1.0k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 88.2k $3.4m | Added +15.7k |
| Phocas Financial Corp. 0.47% of their portfolio | 87.2k $3.4m | Reduced -4.7k |
| Cladis Investment Advisory, LLC 1.51% of their portfolio | 83.9k $3.2m | Reduced -1.1k |
| Ashton Thomas Private Wealth, LLC 0.06% of their portfolio | 77.2k $3.0m | Reduced -126 |
| BARCLAYS PLC 0.00% of their portfolio | 76.9k $3.0m | Reduced -14.9k |
| CANADA LIFE ASSURANCE Co 0.00% of their portfolio | 74.2k $2.9m | Reduced -4.0k |
| NFJ INVESTMENT GROUP, LLC 0.10% of their portfolio | 73.9k $2.8m | Unchanged |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 72.6k $2.8m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 66.7k $2.6m | Reduced -7.3k |
| LPL Financial LLC 0.00% of their portfolio | 61.8k $2.4m | Reduced -3.5k |
| Brevan Howard Capital Management LP 0.03% of their portfolio | 61.2k $2.4m | New |
| State of New Jersey Common Pension Fund D 0.01% of their portfolio | 60.0k $2.3m | Reduced -565 |
| Connor, Clark & Lunn Investment Management Ltd. 0.00% of their portfolio | 59.7k $2.3m | Reduced -16.3k |
| Vest Financial, LLC 0.02% of their portfolio | 55.5k $2.1m | Added +747 |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 55.5k $2.1m | Reduced -3.2k |
| Allspring Global Investments Holdings, LLC 0.00% of their portfolio | 55.2k $2.1m | Added +77 |
| MetLife Investment Management, LLC 0.01% of their portfolio | 53.4k $2.1m | Added +6.4k |
| Cypress Capital Management LLC (WY) 1.68% of their portfolio | 52.1k $2.0m | Reduced -10.1k |
| Northern Capital Management, Inc. 0.85% of their portfolio | 51.6k $2.0m | Added +253 |
| Man Group plc 0.00% of their portfolio | 51.0k $2.0m | Reduced -14.3k |
| Amundi 0.00% of their portfolio | 49.2k $1.9m | Added +24.2k |