First Interstate BancSystem (FRA:4FB) Moat Score: 5/10 (As of Aug. 18, 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

FRA:4FB First Interstate BancSystem Inc FRA:4FB
62 GF Score
Price €31.60
GF Value €26.39
! 6 Warning Signs
View Full Analysis

What is First Interstate BancSystem Moat Score?

First Interstate BancSystem FRA:4FB +0.64% 62 Moat Score is 5 as of Aug. 18, 2026. GuruFocus rates FRA:4FB with a GF Score™ of 62/100 and a GF Value™ of €26.39. The stock has 6 warning signs investors should review. Among 1,610 Banks companies, First Interstate BancSystem ranks better than 94.04% on this metric.

First Interstate BancSystem has the Moat Score of 5, which implies that the company might have Narrow Moat - Solid narrow moat.

First Interstate BancSystem has Narrow Moat: First Interstate BancSystem Inc benefits from a solid narrow moat due to its regional banking presence and customer relationships. It has some cost advantages and a decent distribution network, but lacks significant market leadership and pricing power.

Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more.

The company's Moat Score is based on these criteria:

1. Market leadership and sustainable market share
2. Network effects and significant customer switching costs
3. Valuable intellectual property and patents
4. Strong brand strength and deep customer loyalty
5. Durable cost advantages (e.g., economies of scale, proprietary technology)
6. Significant regulatory barriers and exclusive licenses
7. Superior distribution network
8. Strong and sustainable pricing power
9. Consistent and impactful innovation and R&D capabilities

Based on the research, GuruFocus believes First Interstate BancSystem might have Narrow Moat - Solid narrow moat.

First Interstate BancSystem  (FRA:4FB) Moat Score Explanation

The Moat Score ranges from 0 to 10, with 10 as the highest. GuruFocus divided Moat Score into following 8 categories:

Moat Score Moat Level
10Wide Moat - Exceptionally dominant and durable wide moat
8 - 9Wide Moat - Clear and robust wide moat
7Wide Moat - Entry-level wide moat, clearly possessing durable advantages
6Narrow Moat - Strong narrow moat, clearly distinguishable but not wide
5Narrow Moat - Solid narrow moat
4Narrow Moat - Discernible but modest moat
1 - 3No Moat - Very weak/transient advantages
0No Moat - No discernible moat

First Interstate BancSystem Moat Score Related Terms

FRA:4FB vs NIC, FFBC, CBU: Moat Score Comparison

For the Banks - Regional subindustry, First Interstate BancSystem's Moat Score, along with its competitors' market caps and Moat Score 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 Moat Score vs Banks Industry

For the Banks industry and Financial Services sector, First Interstate BancSystem's Moat Score distribution charts can be found below:

* The bar in red indicates where First Interstate BancSystem's Moat Score falls into.


FRA:4FB
62GF Score
First Interstate BancSystem Inc FRA:4FB
Moat Score is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis
Frequently Asked Questions Learn more about Moat Score →
What does a Moat Score of 5 mean?
First Interstate BancSystem (FRA:4FB) has a Moat Score of 5 as of Aug. 18, 2026. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. According to the industry distribution chart, First Interstate BancSystem ranks #96 out of 1610 companies in the Banks industry, placing it in the top 6%.
Is First Interstate BancSystem's Moat Score too high?
First Interstate BancSystem's current Moat Score is 5. Based on the distribution chart, First Interstate BancSystem ranks #96 out of 1610 companies in the Banks industry, which is in the top quartile — a strong position relative to peers. Overall, First Interstate BancSystem has a GF Score™ of 62/100, reflecting its overall financial health beyond just this single metric.
How does First Interstate BancSystem's Moat Score compare to NIC and FFBC?
According to the Banks industry distribution chart, First Interstate BancSystem ranks #96 out of 1610 companies for Moat Score. This places First Interstate BancSystem in the top 6% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Moat Score for a Banks company?
A good Moat Score depends on the Banks industry context. However, Moat Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Moat Score mean?
A high Moat Score can signal that a stock is expensive relative to its fundamentals. Moat Score is a ranking system developed by GuruFocus to assess a company's ability to sustain a competitive advantage, rated on a scale from 0 to 10. It takes into account key factors such as market leadership, cost advantages, network effects, customer switching costs, and more. First Interstate BancSystem's current Moat Score is 5. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is First Interstate BancSystem stock overvalued right now?
First Interstate BancSystem (FRA:4FB) has a current Moat Score of 5. The stock's GF Value™ is €26.39, compared to a current price of €31.60 — trading 19.7% above its estimated fair value. The current Moat Score is 5. First Interstate BancSystem's overall GF Score™ is 62/100 with 6 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Moat Score calculated?
Moat Score is calculated from a company's financial statements. For First Interstate BancSystem (FRA:4FB), the current Moat Score is 5 as of Aug. 18, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is First Interstate BancSystem (FRA:4FB) Overvalued in 2026?

Based on GuruFocus' analysis, First Interstate BancSystem stock appears to be overvalued. The current stock price of €31.60 is trading 19.7% above its estimated GF Value™ of €26.39.

Key valuation signals for FRA:4FB:

  • Moat Score: 5
  • GF Value™: €26.39 vs. price of €31.60 (19.7% above fair value)
  • GF Score™: 62/100 with 6 warning signs

No single metric tells the full story. See the FRA:4FB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

First Interstate BancSystem Business Description

Other Exchanges FIBK:USA
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 majority of income from interest charged on loans, and interest and dividends earned on investments.
62GF Score

Get the complete analysis for FRA:4FB

Moat Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€31.60
Price
€26.39
GF Value