FIBK, US32055Y2019

Barclays lifts target for First Interstate BancSystem stock to USD 38.00

Published on 10/06/2026 at 13:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays set USD 38.00 on October 5, 2026. First Interstate BancSystem stock is EUR 31.70 on October 6, 2026 after EUR 31.80, minus 0.31 percent.

FIBK, US32055Y2019, Illustration mit AI erstellt.

First Interstate BancSystem (US32055Y2019) stock was trading at EUR 31.70 at Lang & Schwarz on October 6, 2026, at 1:28 p.m. CEST, minus 0.31 percent versus the prior close of EUR 31.80. According to MarketBeat on October 5, 2026, Barclays lifted its target for First Interstate BancSystem from USD 37.00 to USD 38.00 while keeping an Underweight rating.

Barclays raises the target

The target increase equals 2.70 percent in dollar terms, but the rating remains cautious. MarketBeat reported that Barclays' USD 38.00 objective implied 6.40 percent upside from the price cited in its report.

The broader analyst picture is also restrained. MarketBeat counted two Buy, four Hold and three Sell ratings, with a consensus target of USD 37.00, placing the new Barclays target USD 1.00 above that average.

Second-quarter earnings beat estimates

First Interstate BancSystem generated USD 83.9 million in net income during the second quarter of 2026, up from USD 60.2 million in the first quarter. Its diluted earnings per share reached USD 0.87, compared with USD 0.61 in the first quarter and USD 0.69 in the second quarter of 2025, according to MarketBeat.

The same report put second-quarter revenue at USD 263.90 million, up 6.40 percent from the year-earlier period, and said earnings per share exceeded the USD 0.69 consensus estimate by USD 0.18. That combination gives the bank a stronger earnings base, while the rating signals that balance-sheet execution still matters more than the quarterly beat.

Third-quarter date is set

First Interstate BancSystem will report third-quarter 2026 results after the market closes on October 22, 2026, followed by an investor conference call on October 23 at 9:30 a.m. ET, according to Business Wire.

The upcoming report will test whether the second-quarter improvement can continue after net loans fell from USD 14.53 billion in the first quarter to USD 14.10 billion in the second quarter. Deposits also declined from USD 21.88 billion to USD 21.44 billion over the same period, keeping credit growth and funding trends central to the next assessment.

FIBK trades below its prior close

FIBK was trading at EUR 31.70 at Lang & Schwarz on October 6, 2026 at 1:28 p.m. CEST, down 0.31 percent from the Lang & Schwarz prior close of EUR 31.80 on October 5, 2026. First Interstate BancSystem had a market capitalization of USD 3.5 billion and a 52-week Nasdaq range of USD 29.10 to USD 40.60 as of October 5, 2026.