First Interstate Bancsystem, Inc. · NASDAQ:FIBK

First Interstate Bancsystem — Shareholder Meeting (May 2020)

14 slides from First Interstate Bancsystem's shareholder meeting presentation, May 6, 2020

  1. Slide 1: Annual Shareholders' Meeting May 5, 2020

    Exhibit 99.1 Annual Shareholders’ Meeting May 5, 2020

  2. Slide 2: Safe Harbor

    Safe Harbor 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 3b-6 promulgated thereunder, that involve

  3. Slide 3: FIBK Overview

    FIBK Overview OVERVIEW DESCRIPTION Headquarters Billings, MT • Headquartered in Billings, MT and focused on regional community banking in Idaho, Montana, Oregon, South Dakota, Washington, and Kroll Rating BBB+ Wyoming: Market Cap $2.52 Billion • Over 145 banking offices • 238 ATMs, plus 24,000 Money

  4. Slide 4: Committed to Maximizing Shareholder Value

    Committed to Maximizing Shareholder Value Management’s priority is to deploy capital through: Organic Growth Dividends M&A Return on Capital Special Share Dividend Repurchases Page 4

  5. Slide 5: Building the First Interstate Franchise

    Building the First Interstate Franchise 2018 April 2019 Inland Northwest Bank, filling in Idaho Independent Bank (IIBK) footprint in the PNW $725 million 11 Branches $826.8 million 20 Branches Community 1st Bank (CMYF) $130 million 3 Branches 2016 Flathead Bank of Bigfork $225 million 7 Branches FIB

  6. Slide 6: Diversified Loan Portfolio by Industry

    Diversified Loan Portfolio by Industry LOAN MIX COMMERCIAL Transportation Health Care and and Warehousing Social Assistance All Other 9% 8% $9.0 Billion in Loans 36% Agriculture RE 2% Construction Commercial 8% 15% Public Administration Real Estate and Rental 4% and Leasing Agriculture 8% 3% Accommo

  7. Slide 7: Strong Core Deposit Base

    Strong Core Deposit Base $11.66 Billion in Deposits CDs > $100k 6% Time Other 7% Demand Non-Interest Bearing 31% Savings 30% Demand Interest Bearing 26% Low Cost of Funds: 37 basis points Page 7 As of December 31, 2019

  8. Slide 8: Solid Financial Performance Summary Results

    Solid Financial Performance Summary Results Net Interest Income ($000) vs. NIM (%) NonInt. Inc. ($000) vs. NonInt / Op. Revenue(%) Nonint. Expense ($000) vs. Effic. Ratio (%) $495,000 $149,800 64.77% $432,500 $137,967 $143,400 $395,900 $132,016 $360,900 $349,843 3.99% 61.88% $323,900 3.88% $261,000

  9. Slide 9: Solid Financial Performance Summary Results

    Solid Financial Performance Summary Results ROAA (%) ROAE (%) 1.27% 1.28% 10.50% 9.93% 9.53% 1.10% 8.57% 0.98% 2016Y 2017Y 2018Y 2019Y 2016Y 2017Y 2018Y 2019Y Tang. Common Equity / Tang. Assets (%) Total RBC Ratio (%) 9.35% 8.60% 8.39% 7.75% 15.13% 14.10% 12.99% 12.76% 2016Y 2017Y 2018Y 2019Y 2016Y

  10. Slide 10: Stable Asset Quality

    Stable Asset Quality NON-PERFORMING ASSETS TO TOTAL LOANS + OREO 2.00% 1.64% 1.50% 1.29% 1.20% 1.16% 1.08% 1.02% 0.98% 1.00% 0.85% 0.86% 0.81% 0.82% 0.63% 0.50% 0.00% Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 CLASSIFIED LOANS TO TOTAL LOANS 5.00%

  11. Slide 11: Our People, Our Priority

    Our People, OurPriority Mission Vision Values • People First, Always We help people To be the most relevant • Seek Greatness and their money everyday experience our Relentless Client Focus work better clients have with their • Integrity together money • Celebrate Success • Commitment to Community Fu

  12. Slide 12: Growing Dividends

    Growing Dividends $1.60 The Company has consistently paid $1.36 quarterly dividends for over 25 $1.40 years. $1.20 $1.12 $1.24 $0.96 $1.00 The dividend has increased 202% $0.80 $0.80 since the IPO in 2010. $0.64 $0.88 $0.61 $0.60 Paid a special dividend of $0.60 per $0.40 $0.45 $0.45 share to our sh

  13. Slide 13: FIBK Shareholder Return vs. Indices

    FIBK Shareholder Return vs. Indices FIBK: TOTAL RETURN (03/23/2010 THROUGH 03/31/2020) 350 300 250 200 170.90 % 150 170.88 % 100 Percent(%) 50 55.17 % 0 -50 -100 Jul-10 Jul-11 Jul-12 Jul-13 Jul-14 Jul-15 Jul-16 Jul-17 Jul-18 Jul-19 Jan-11 Jan-12 Jan-13 Jan-14 Jan-15 Jan-16 Jan-17 Jan-18 Jan-19 Jan-2

  14. Slide 14: Investment Highlights

    Investment Highlights • Experienced leadership team • Strong historical financial performance • Diversified client base tempers economic volatility • Strong core deposit funding • Conservative credit strategy, limiting exposure to large losses • Stable sources of non-interest income Page 14

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