Slide 1: First Interstate Furthers Expansion into Growth Markets of the Northwest with Acquisition of Northwest Bancorporation
First Interstate BancSystem April 25, 2018 First interstate Furthers expansion into Growth Markets of the northwest with acquisition of Northwest Bancorporation, Inc. Exhibit 99.1
Slide 2: Forward-Looking Statements
This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, but are not limited to, statements about (1) the benefits of the merger between First Interstate BancSystem, Inc. (“First Inters
Slide 3: Important Additional Information
This presentation is being made in respect of the proposed merger between First Interstate and Northwest Bancorporation. This presentation does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval. In connection with the prop
Slide 4: Strategically Compelling, Strong Transaction Economics
Continued geographic diversification into attractive, high deposit growth markets in Pacific Northwest Strong presence in Spokane, Washington and Coeur d’Alene, Idaho Opportunity to accelerate growth in Columbia River Valley Strong deposit franchise with 0.25% cost of deposits and 91% core deposits
Slide 5: Northwest Bancorporation Overview
Northwest Bancorporation Overview Bank Regulatory Loan and Deposit Composition Dominant Community Bank in Strong Economies Highlights Northwest Bancorporation, Inc. is the bank holding company of Inland Northwest Bank, a state-chartered community bank which currently operates 20 offices across Washi
Slide 6: Strong market share in complementary high deposit growth Pacific Northwest markets
Northwest Bancorporation has strong market share in complementary high deposit growth Pacific Northwest markets Attractive, High Deposit Growth Pacific Northwest Markets Source: S&P Global Market Intelligence, FDIC deposit data as of June 30, 2017. FIBK (127) NBCT (20)
Slide 7: Northwest Bancorporation Loan Portfolio Overview
First Interstate Pro Forma¹ Yield on Loans: 4.92% Yield On Loans: 4.99% Total: $7,644mm Total: $8,313mm Northwest Bancorporation Yield on Loans: 5.29% Total: $670mm Pro forma as of 3/31/2018; excludes growth and purchase-accounting adjustments. Note: Loan compositions reflect Bank level regulatory d
Slide 8: Northwest Bancorporation Deposit Overview: Low Cost Deposit Base
Northwest Bancorporation Total: $10,026mm Total: $10,747mm First Interstate Pro Forma3 Total: $721mm Northwest Bancorporation Deposit Overview 0.25% cost of deposits 33% non-interest bearing deposits 11% transaction deposits ~91% core deposits1 Cost of Deposits Core deposits excludes jumbo time depo
Slide 9: Summary of Deal Terms
0.516 FIBK Class A common shares per Northwest Bancorporation share, or over 3.9mm FIBK shares in aggregate Implied purchase price of $21.03 per share $160.9mm in aggregate value, including $2.8mm in cash consideration for warrant holders Consideration and Deal Value1 Summary of Deal Terms Pricing R
Slide 10: Financial Impact and Assumptions
Cost Savings One-time Deal Costs Fair Market Value and Accounting Adjustments Durbin Impact TBV Impact Financial Impact to FIBK EPS Accretion Internal Rate of Return ~3% accretive to EPS in 2019 Assumptions1 1. Pre-tax amounts. Financial Impact and Assumptions ~1% Tangible Book Value dilution per sh
Slide 11: Disciplined and Experienced Acquirer; Comprehensive Due Diligence
Disciplined and Experienced Acquirer Thorough Due Diligence Process Comprehensive Due Diligence and Preparation First Interstate management and employees have significant acquisition and integration experience Four successful acquisitions in the last five years Cascade acquisition already integrated
Slide 12: Northwest Strengthens Outlook for First Interstate
Benefits of Operating Leverage Opens New Markets for Growth Northwest Strengthens Outlook for First Interstate Strong earnings contribution from Northwest Bancorporation fully realized in 2019 3%+ Earnings Per Share accretion with conservative assumptions Transaction cost savings result in improved