First Interstate BancSystem, Inc. · NASDAQ:FIBK
First Interstate BancSystem — Shareholder Meeting (May 2024)
12 slides from First Interstate BancSystem's shareholder meeting presentation, May 20, 2024
Slide 1: Annual Shareholder's Meeting
Exhibit 99.1 Annual Shareholder’s Meeting May 20, 2024
Slide 2: Cautionary Note Regarding Forward-Looking Statements
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS This presentation contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule
Slide 3: First Interstate BancSystem, Inc. Overview
FIRST INTERSTATE BANCSYSTEM, INC. OVERVIEW Premier community banking franchise in growing markets throughout the Midwest and Pacific Northwest Corporate Overview Headquarters Billings, MT Exchange/Listing NASDAQ: FIBK Market Capitalization* $2.8 Billion Dividend Yield 6.9% Branch Network 304 banking
Slide 4: Building the First Interstate Franchise
BUILDING THE FIRST INTERSTATE FRANCHISE 4
Slide 5: Diversified Deposit Base
DIVERSIFIED DEPOSIT BASE Mix of Consumer and Business Deposits 45% 47% 50% 48% 47% 55% 53% 50% 52% 53% 2019 2020 2021 2022 2023 Total Consumer Deposits Total Business Deposits Total Deposits Deposits by State $23.3B Wyoming, 13% Idaho, 7% Non-interest Bearing, 26% Time, 13% Colorado, 4% Arizona, 3%
Slide 6: Diversified Loan Portfolio
DIVERSIFIED LOAN PORTFOLIO Loans Held for Investment Loans by Geography $18.3B Idaho, 6% Other, 15% Agriculture, 4% Montana, 15% Commercial RE, 48% Wyoming, 4% Commercial, 16% North Dakota, 2% Colorado, 7% Oregon, 9% Arizona, 6% Consumer, 5% Agriculture RE, 4% South Dakota, 10% Missouri, —% Kansas,
Slide 7: 2023 Year in Review - Summary Highlights
2023 Year in Review - Summary Highlights • Successfully navigated challenging external banking environment while continuing to reinvest in key strategic areas, positioning company for strong forward returns ◦ Restructured certain lines of business, including Treasury Solutions, Consumer Credit Card,
Slide 8: Consistent Dividend to Shareholders
CONSISTENT DIVIDEND TO SHAREHOLDERS $2.00 $1.88 10 year CAGR1 = 16.4% $0.60 $1.64 $1.70 $1.24 $1.12 $0.96 $0.88 $0.80 $0.64 $1.40 $0.41 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 Cash Dividends Special Dividends 1 Compound Annual Growth Rate 8
Slide 9: 2023 Total Shareholder Return Since IPO - FIBK vs Indices/Peers
2023 Total Shareholder Return Since IPO - FIBK vs Indices/Peers FIBK Relative Daily Performance 500 450 400 350 300 250 200 150 100 50 2 0 7 4 2 3 0 8 5 3 0 1 9 6 1 201 201 201 201 202 201 201 201 201 202 202 201 201 201 202 c r c c c c c c c c c c c c c Ma De De De De De De De De De De De De De De
Slide 10: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES In addition to results presented in accordance with accounting principles generally accepted in the United States of America, or GAAP, this press release contains the following non-GAAP financial measures that management uses to evaluate our performance relative to our ca
Slide 11: Non-GAAP Reconciliation
NON-GAAP RECONCILIATION 1Q24 (Dollars in millions, shares in thousands) Total common stockholders' equity (GAAP) (A) $ 3,209.7 Less goodwill and other intangible assets (excluding mortgage servicing rights) 1,206.6 Tangible common stockholders' equity (Non-GAAP) (B) $ 2,003.1 Total assets (GAAP) $ 3
Slide 12: Thank you
Thank you Firstinterstate fe BancSystem Member FDIC. Equal Housing Lender. 8 neeatecereceneteretelar etalon eRe ngpungnbngnjnpggnnpggpgogipgcgpppeijippip bug Seaacacacececeetesetateteee EXKRKK RRR KKK RRA KKK KKK KAKA ARK ARK NN AAKRKKRAKRRKNK KKK RA KAKA KKKK KAKA KAKA KKRKKK RAR KKK KKK ARK NN
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