First Interstate BancSystem director Scott sells $184,500 in shares

First Interstate BancSystem director Jonathan R. Scott sold 5,000 shares of the company's common stock on October 22, 2026, amounting to $184,500. The transaction took place at prices between $36.90 and $36.91 per share, with an average price of $36.90. As a result, Mr. Scott now owns 812,738 shares of the company's common stock.

The stock, currently trading at $36.78 with a market capitalization of $3.51 billion, appears undervalued according to InvestingPro analysis. Over the past year, the stock has generated a 22.5% return. The shares were held indirectly by various entities, including trusts and companies such as the Jonathan R Scott Trust, IXL Limited Liability Company, Holland Elizabeth Scott Trust, Harper Grace Scott Trust, Harrison William Scott Trust, and Scott's spouse.

Notably, Mr. Scott and other signatories may be considered part of a group sharing beneficial ownership of the reported securities, although Mr. Scott disclaims any beneficial ownership except for his pecuniary interest. First Interstate BancSystem has maintained dividend payments for 17 consecutive years, currently offering a 5.11% yield.

The company reported its third-quarter 2026 earnings, which fell short of expectations, posting $0.65 per share in earnings per share (EPS) compared to the anticipated $0.91 EPS. However, revenue slightly surpassed forecasts at $249.5 million. Net income declined to $62.2 million from $83.9 million in the previous quarter, while the net interest margin improved to 3.55%.