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First Interstate BancSystem (First Interstate BancSystem) 3-Year Dividend Growth Rate

: 10.30% (As of Dec. 2023)
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First Interstate BancSystem's Dividends per Share for the three months ended in Dec. 2023 was $0.47.

The historical rank and industry rank for First Interstate BancSystem's 3-Year Dividend Growth Rate or its related term are showing as below:

FIBK' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -3.1   Med: 12.1   Max: 29
Current: 10.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of First Interstate BancSystem was 29.00% per year. The lowest was -3.10% per year. And the median was 12.10% per year.

FIBK's 3-Year Dividend Growth Rate is ranked better than
61.23% of 779 companies
in the Banks industry
Industry Median: 7.5 vs FIBK: 10.30

During the past 12 months, First Interstate BancSystem's average Dividends Per Share Growth Rate was 10.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 11.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 14.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

First Interstate BancSystem's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.80. As of today, First Interstate BancSystem's Dividend Yield % is 7.13%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of First Interstate BancSystem Inc is 0.76, which seems too high.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison

For the Banks - Regional subindustry, First Interstate BancSystem's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Interstate BancSystem 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, First Interstate BancSystem's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where First Interstate BancSystem's 3-Year Dividend Growth Rate falls into.



First Interstate BancSystem 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


First Interstate BancSystem  (NAS:FIBK) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

First Interstate BancSystem's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.47/ 0.59
=0.80

During the past 13 years, the highest Dividend Payout Ratio of First Interstate BancSystem was 0.76. The lowest was 0.32. And the median was 0.41.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of First Interstate BancSystem Inc is 0.76, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

First Interstate BancSystem Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4702024-02-082024-02-092024-02-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.4702023-11-032023-11-062023-11-16Cash DividendquarterlyUSD:USD 1.000000
USD 0.4702023-08-042023-08-072023-08-17Cash DividendquarterlyUSD:USD 1.000000
USD 0.4702023-05-052023-05-082023-05-18Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

First Interstate BancSystem's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.88/26.38
=7.13 %

Current Share Price is $26.38.
First Interstate BancSystem's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.88.

During the past 13 years, the highest Dividend Yield of First Interstate BancSystem was 8.46%. The lowest was 1.38%. And the median was 2.85%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Interstate BancSystem 3-Year Dividend Growth Rate Related Terms>


First Interstate BancSystem (First Interstate BancSystem) Business Description

Traded in Other Exchanges
Address
401 North 31st Street, Billings, MT, USA, 59101
First Interstate BancSystem Inc is a financial holding company. It is the parent company of First Interstate Bank, a community bank offering a range of internet, mobile, and other banking and financial services throughout Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming. It delivers a range of financial products and services to both retail and commercial customers in industries like agriculture, construction, education, energy, governmental services, healthcare, mining, professional services, retail, tourism, and wholesale trade. It generates a majority of income from interest charged on loans, and interest and dividends earned on investments.
Executives
Homer Scott Jr Trust, Homer Scott Jr. & First Interstate Wealth Management Co Trustees 10 percent owner FIRST INTERSTATE BANK, TRUSTEE, PO BOX 2007, SHERIDAN WY 82801
Julie A Scott 10 percent owner P O BOX 30918, BILLINGS MT 59116
Jonathan R Scott director P.O. BOX 30918, BILLINGS MT 59116
Kevin P Riley officer: President & CEO BERKSHIRE HILLS BANCORP INC, 24 NORTH STREET, PITTSFIELD MA 01201
Marcy D Mutch officer: Exec. Vice Pres. & CFO PO BOX 30918, BILLINGS MT 59116
Kirk D Jensen officer: General Counsel PO BOX 30918, BILLINGS MT 59116
Lorrie Asker officer: Chief Banking Officer 401 N. 31ST STREET, BILLINGS MT 59116-0918
James Brannen director 5400 UNIVERSITY AVENUE, WEST DES MOINES IA 50266
Ashley Hayslip officer: EVP, Chief Banking Officer P.O. BOX 30918, BILLINGS MT 59116
Scott James R. Jr director PO BOX 30918, BILLINGS MT 59116
Russell A Lee officer: EVP & Chief Banking Officer P.O. BOX 30918, BILLINGS MT 59116
James R Scott director, 10 percent owner C/O FIRST INTERSTATE BANCSYSTEM INC, P O BOX 30918, BILLINGS MT 59116
Heyneman John M Jr director, 10 percent owner C/O FIRST INTERSTATE BANCSYSTEM INC, P O BOX 30918, BILLINGS MT 59116
Kristina Robbins officer: SVP, Chief Operations Officer PO BOX 30918, BILLINGS MT 59116
Philip G Gaglia officer: Chief Risk Officer PO BOX 30918, BILLINGS MT 59116