Investor Presentation April 2021 Exhibit 99.2

Safe Harbor Page 2 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 inherent risks and uncertainties. Any statements about our plans, objectives, expectations, strategies, beliefs, or future performance or events constitute forward-looking statements. Such statements are identified by words or phrases such as “believes,” “expects,” “anticipates,” “plans,” “trends,” “objectives,” “continues” or similar expressions, or future or conditional verbs such as “will,” “would,” “should,” “could,” “might,” “may” or similar expressions. Forward-looking statements involve known and unknown risks, uncertainties, assumptions, estimates and other important factors that could cause actual results to differ materially from any results, performance or events expressed or implied by such forward-looking statements. The following factors, among others, may cause actual results to differ materially from current expectations in the forward-looking statements, including those set forth in this presentation: new, or changes in, governmental regulations; tax legislative initiatives or assessments; more stringent capital requirements, to the extent they may become applicable to us; heightened regulatory requirements resulting from our total assets exceeding $10 billion; changes in accounting standards; any failure to comply with fair lending and other laws and regulations; lending risks and risks associated with loan sector concentrations; a decline in economic conditions that could reduce demand for our products and services; loan credit losses exceeding estimates; the soundness of other financial institutions; declining oil and gas prices, and declining demand for coal; the availability of financing sources for working capital and other needs; a loss of deposits or a change in product mix that increases the Company’s funding costs; changes in interest rates; changes to United States trade policies, including the imposition of tariffs and retaliatory tariffs; competition from new or existing competitors; variable interest rates tied to the London Interbank Offered Rate (LIBOR) that may no longer be available, or may become unreliable, to us; cyber-security risks, including “denial-of-service attacks,” “hacking,” and “identity theft” that could result in the disclosure of confidential information; privacy, information security and data protection rules and regulations that affect or limit how we collect and use personal information; the potential impairment of our goodwill; exposure to losses in collateralized loan obligations; our reliance on other companies that provide key components of our business infrastructure; events that may tarnish our reputation; the loss of the services of our management team and directors; our ability to attract and retain qualified employees to operate our business; costs associated with repossessed properties, including environmental remediation; the effectiveness of our systems of internal operating controls; our ability to implement new technology-driven products and services or be successful in marketing these products and services to our clients; our ability to execute on our intended expansion plans; difficulties we may face in combining the operations of acquired entities or assets with our own operations or assessing the effectiveness of businesses in which we make strategic investments or with which we enter into strategic contractual relationships; our status as a “controlled company” under NASDAQ Marketplace Rules; the volatility in the price and trading volume or our Class A common stock; “anti-takeover” provisions and the regulations, which may make it more difficult for a third party to acquire control of us even in circumstances that could be deemed beneficial to stockholders; changes in our dividend policy or our ability to pay dividends; our Class A common stock not being an insured deposit; the holders of the Class B common stock having voting control of the Company and the ability to determine virtually all matters submitted to stockholders, including potential change in control transactions; the potential dilutive effect of future equity issuances; the subordination of our Class A common stock to our existing and future indebtedness; the COVID-19 pandemic and the U.S. government’s response to the pandemic; and the effect of global conditions, earthquakes, tsunamis, floods, fires, and other natural catastrophic events. These factors are not necessarily all of the factors that could cause our actual results, performance or achievements to differ materially from those expressed in or implied by any of our forward-looking statements. Other unknown or unpredictable factors also could harm our results. All forward-looking statements attributable to us or persons acting on our behalf are expressly qualified in their entirety by the cautionary statements set forth above and included in our periodic reports filed with the Securities and Exchange Commission under the caption “Risk Factors.” Interested parties are urged to read in their entirety such risk factors prior to making any investment decision with respect to the Company. Forward-looking statements speak only as of the date they are made and we do not undertake or assume any obligation to update publicly any of these statements to reflect actual results, new information or future events, changes in assumptions or changes in other factors affecting forward-looking statements, except to the extent required by applicable laws. If we update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements.

FIBK Overview Overview Headquarters Billings, MT Kroll Rating (Subordinated Notes) BBB Total Assets $18.4 Billion Trust Assets Under Management $5.7 Billion Total Deposits $15.1 Billion Description • Headquartered in Billings, MT and focused on regional community banking in Idaho, Montana, Oregon, South Dakota, Washington, and Wyoming: • Over 145 banking offices • 238 ATMs, plus 37,000 MoneyPass ATMs • Offering a full suite of products: • Commercial Banking • Credit Card Products • Indirect Lending • Mortgage • Guided by four strategic pillars: • Our People, Our Priority • Relentless Client Focus • Future-Ready, Today • Financial Vitality Asset Mix Liability Mix Q1 2021 Revenue Breakdown • Retail and Small Business • SBA Lending • Treasury Management • Wealth Management Net Loans 52.7% Investment Securities 26.5% Cash 11.9% Goodwill & Intangible Assets 3.8% Company Owned Life Insurance 1.6% Premises & Equipment 1.7% Other Assets 1.3% Mortgage Loans HFS 0.3% Mortgage Servicing Rights 0.2% Deposits 91.4% REPOs 6.4% Long-Term Debt 0.7% TruPS 0.5% Other 1.0% Net Interest Income 76.0% Non-Interest Income 24.0% As of March 31, 2021Page 3

Investment Highlights • Pandemic response: Our people, our clients, and our communities • Experienced leadership team • Strong 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 4

Name Title Age Industry Experience Years at FIBK Kevin P. Riley President and Chief Executive Officer 61 30+ Years 7 Years Marcy D. Mutch Chief Financial Officer 61 30+ Years 14 Years Russell A. Lee Chief Banking Officer 64 40+ Years 5 Years Jodi Delahunt Hubbell Chief Operating Officer 55 30+ Years 3 Years Phillip G. Gaglia Chief Risk Officer 57 30+ Years 31 Years Kirk D. Jensen General Counsel 51 20+ Years 4 Years Kade G. Peterson Chief Information Officer 55 30+ Years 2 Years Rachel B. Turitto Chief Human Resources Officer 36 15+ Years 3 Years David C. Redmon Chief of Staff 56 2 Years 2 Years Experienced Leadership Team Page 5 As of March 31, 2021

The First Interstate Franchise 1968 Mr. Homer Scott establishes First Interstate Bank with the purchase of the Bank of Commerce in Sheridan, Wyoming 2015 Absarokee Bancorporation, Inc. 2017 Bank of the Cascades $3.2 Billion 46 branches 2014 Mountain West Financial Corp. 2016 Flathead Bank of Bigfork $225 million 7 Branches 2018 Inland Northwest Bank, filling in footprint in the PNW $827 million 20 Branches April 2019 Idaho Independent Bank (IIBK) $725 million 11 Branches Community 1st Bank (CMYF) $130 million 3 Branches FIBK IIBK CMYF Page 6 1916 Predecessor to First Interstate Bank is Established

Attractive Markets Page 7 Deposit Market Share and Branch Locations by State Idaho % of Market Deposits 4.7% 17.7% 2.3% 0.1% 0.3% 14.9% Deposit Market Share Rank 8th 2nd 11th 12th 31st 2nd Number of Branches 23 49 33 16 18 16 Total Population 1,832,352 1,081,656 4,281,747 894,793 7,765,146 578,413 Projected Population Growth (’21-’26) 6.5% 4.0% 4.9% 4.0% 6.3% 0.7% State / Metric Montana Oregon South Dakota Washington Wyoming Note: Market share/rank sourced from FDIC as of June 30, 2020. Population by state, projected population growth rate, and total deposits data is sourced from S&P Global Market Intelligence as of June 30, 2020

Attractive Markets: Historically Stable Employment Page 8 B est 5 States 1 Nebraska 2.9% 2 South Dakota 2.9% 3 Utah 2.9% 4 Vermont 2.9% 5 New Hampshire 3% Wo rst 5 States 50 Hawaii 9% 49 New York 8.5% 48 New M exico 8.3% 47 Connecticut 8.3% 46 California 8.3% 0.0% to 3.0% 3.0% to 4.0% 4.0% to 6.0% Source: Bureau of Labour Statistics 6.0% to 8.0% Data as of: 3/31/2021 8.0% or more (U.S. Avg = 6%) SOUTH DAKOTA 3.8% (RANKED 10TH) (RANKED 28TH) 5.3% 2.9% (RANKED 2ND) MONTANA WYOMING WASHINGTON OREGON 5.4% 6% 3.2% IDAHO (RANKED 6TH) (RANKED 31ST) (RANKED 29TH)      

Page 9 Solid Funding Base

Strong Core Deposit Base Page 10 As of March 31, 2021 Overview Total Deposits $15.1 Billion Total Core Deposits* $14.9 Billion Cost of Interest-bearing deposits, incl. repos (Q1 2021) 9 basis points Demand Non- Interest Bearing 33% Demand Interest Bearing 29% Savings 31% Time, Other 6% Time, $250K and over 1% *Core Deposits defined as total deposits excluding time deposits >$250,000 and Brokered Deposits Sources: SNL and company reports

Source of Deposits Allocation of $15.1B of Deposits by State Page 11 *The market share percentages are per the FDIC, not including Credit Union Deposits within each community. As of March 31, 2021 Montana 38% South Dakota 8% Wyoming 21% Idaho 11% Washington 5% Oregon 17% LOCATION MARKET SHARE* JUNE 2020 LOCATION MARKET SHARE* JUNE 2020 Laramie, WY 44% Jackson, WY 14% Riverton, WY 45% Nampa, ID 13% Sheridan, WY 37% Kalispell, MT 17% Missoula, MT 29% Coeur d’Alene, ID 8% Casper, WY 28% Cheyenne, WY 12% Great Falls, MT 30% Medford, OR 8% Gillette, WY 25% Rapid City, SD 8% Billings, MT 25% Boise, ID 3% Redmond, OR 26% Spokane, WA 5% Spearfish, SD 23% Lynnwood, WA 1% Bend, OR 22% Eugene, OR 1% Helena, MT 22% Salem, OR 1% Bozeman, MT 15% Portland, OR .4%

Balance of Consumer and Business Deposits 57% 56% 56% 54% 52% 51% 43% 44% 44% 46% 48% 49% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 2016 2017 2018 2019 2020 Q1 2021 Total Consumer Deposits Total Business Deposits Page 12 P e rc e n t (% )

Page 13 Credit Portfolio

Diversified Loan Portfolio by Industry Loan Mix Commercial Commercial Real Estate & Construction Agriculture RE 2% Commercial RE 38% Residential RE 15% Construction RE 11% Consumer 10% Agriculture 2% Commercial 22% $9.9 Billion in Loans Real Estate and Rental and Leasing 13% Construction 11% Health Care and Social Assistance 11% Accommodation and Food Services 9% Retail Trade 7% Manufacturing 7% Professional, Scientific, and Technical Services 6% Transportation and Warehousing 6% Finance and Insurance 4% Other Services (except Public Administration) 3% All Other 23% Owner Occupied 34% Non-Owner Occupied 36% Residential Real Estate - Multi Family 7% Land Acquisition and Development 6% Residential Construction 5% Commercial Construction 12% Page 14 As of March 31, 2021 • Average (total) loan size = $70k outstanding / $87k committed exposure • Average C&I loan size = $128k outstanding / $234k committed exposure • Average CRE loan size = $790k outstanding / $904k committed exposure

Loan Portfolio by State Idaho 8% Montana 25% Oregon 17% South Dakota 5% Washington 11% Wyoming 11% Other* 23% Page 15 * “Other” is an aggregation of central lines of business that includes residential mortgages, credit cards, and indirect consumer loans. As of March 31, 2021

Trends in Unfunded Commitments Page 16 54.1% 67.3% 38.1% 30.0% 35.0% 40.0% 45.0% 50.0% 55.0% 60.0% 65.0% 70.0% Apr '20 May '20 Jun '20 Jul '20 Aug '20 Sep '20 Oct '20 Nov '20 Dec '20 Jan '21 Feb '21 Mar '21 Unfunded as a % of Commitment Revolving and Non-Revolving Lines of Credit Revolving Non-Revolving As of March 31, 2021

Trends in Unfunded Revolving Commitments Page 17 67.3% 32.7% 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Percentage Used / Unused (Revolving) Total Unfunded Commitments % Total Funded Commitments % 0 200 400 600 800 1,000 1,200 1,400 M il li o n s Commitments by Loan Portfolio (Revolving) Total Funded Total Unfunded As of March 31, 2021

Deferrals and Forbearances Page 18 Type # Approved $ Approved (in millions) Commercial 28 $ 16.5 Consumer 75 $ 1.6 Total 103 $ 18.1 Commercial Booked Deferrals by Industry Type # Approved $ Approved (in millions) Mortgage 23 $ 5.7 Forbearances As of 03/31/2021 Deferrals Arts, Entertainment, and Recreation, 59% Accomodation and Food Services, 23% Utilities, 7% Mining, 4% Real Estate Rental and Leasing, 4% Other, 3%

Improving Asset Quality Non-Performing Loans to Total Loans Non-Performing Assets to Total Assets Non-Performing Assets to Total Loans + OREO 0.54% 0.51% 0.51% 0.39% 0.49% 0.39% 0.35% 0.29% 0.24% 0.00% 0.10% 0.20% 0.30% 0.40% 0.50% 0.60% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 0.62% 0.51% 0.64% 0.55% 0.71% 0.57% 0.54% 0.49% 0.42% 0.00% 0.40% 0.80% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 0.86% 0.82% 0.83% 0.64% 0.80% 0.64% 0.59% 0.51% 0.44% 0.00% 0.50% 1.00% 1.50% 2.00% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 As of March 31, 2021, non-performing assets decreased $6.9 million, or 13.7%, to $43.6 million, compared to $50.5 million as of December 31, 2020, primarily due to decreases in non-accrual loans of $2.5 million, or 6.3%, other real estate owned of $0.3 million, or 12.0%, and loans 90 days past due of $4.1 million, or 48.2%. Page 19

Criticized and Classified Loans 4.76% 4.60% 4.63% 4.34% 4.49% 3.65% 3.74% 3.49% 3.16% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% 4.50% 5.00% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 2.56% 2.57% 2.69% 2.58% 2.80% 2.43% 2.19% 1.96% 1.62% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Criticized Loans to Total Loans Classified Loans to Total Loans Criticized loans decreased $30.7 million, or 9.0%, to $311.4 million as of March 31, 2021, from $342.1 million as of December 31, 2020, driven primarily by several upgrades in commercial and commercial real estate in addition to loan pay-offs in the agricultural, commercial real estate and commercial portfolios. Classified Loans decreased $32.4 million, or 16.9%, to $159.4 million as of March 31, 2021, from $191.8 million as of December 31, 2020, largely attributable to the payoff activity on several Substandard credits in addition to the upgrade of two credits in the commercial real estate owner occupied and commercial portfolios. Page 20

Top 10 Relationships Page 21 Borrower Industry Outstandings Unfunded Commitments Risk Rating % Tier 1 Capital + ACL Other Activities Related to Real Estate $55,220,783 $21,403,246 $76,624,029 Acceptable 5.0% Lessors of Residential Buildings and Dwellings $30,072,736 $35,847,001 $65,919,737 Acceptable 4.3% Engineering Services $10,463,094 $49,447,612 $59,910,705 Acceptable 3.9% Lessors of Nonresidential Buildings (except Miniwarehouses) $50,046,437 $88,843 $50,135,280 Good 3.3% Recreational Vehicle Dealers $9,396,337 $39,500,000 $48,896,337 Acceptable 3.2% Commercial and Institutional Building Construction $42,301,805 $5,396,410 $47,698,215 Management Attention 3.1% Lessors of Nonresidential Buildings (except Miniwarehouses) $43,402,801 $1,991,795 $45,394,596 Acceptable 3.0% Lessors of Residential Buildings and Dwellings $6,391,240 $37,663,177 $44,054,417 Acceptable 2.9% Hotels (except Casino Hotels) and Motels $35,117,425 $7,634,757 $42,752,182 Acceptable 2.8% Lessors of Residential Buildings and Dwellings $35,697,365 $5,287,739 $40,985,103 Acceptable 2.7% $35 million in-house lending limit well below the legal lending limit of $285 million reduces risk within the loan portfolio. Currently only 16 relationships exceed the in-house lending limit. As of March 31, 2021

Hospitality: Portfolio Exposure • 8.3% of total loan portfolio • $42.5 million in unfunded commitments • Hotel (except Casino Hotels) and Motel accounting for 58.9% of total portfolio Month NAICS Code Description Net Principal Balance Unfunded Commitment March 2021 721110 Hotels (except Casino Hotels) and Motels 482,061,313 31,420,085 513,481,398 722511 Full-Service Restaurants 147,110,268 5,000,541 152,110,809 722513 Limited-Service Restaurants 60,316,933 1,981,308 62,298,241 721120 Casino Hotels 38,833,019 1,825,275 40,658,294 722410 Drinking Places (Alcoholic Beverages) 26,186,625 457,874 26,644,499 All Other Hospitality 63,871,150 1,791,503 65,662,652 Hospitality Total $818,379,308 $42,476,586 $860,855,894 Page 22 As of March 31, 2021

Hospitality: Industry Performance • $94.8 million in criticized loan categories • $6.2 million in impaired loan categories • $11.9 million or 1.5% in allowance for credit losses • $20 thousand in specific reserves Description Criticized % Criticized Classified % Classified Impaired % Impaired Hotels (except Casino Hotels) and Motels 72,171,407 15.0% 40,532,496 8.4% 5,776,576 1.2% Full-Service Restaurants 12,096,011 8.2% 3,622,321 2.5% 0 0.0% Limited-Service Restaurants 2,477,051 4.1% 1,104,929 1.8% 469,444 0.8% Casino Hotels 0 0.0% 0 0.0% 0 0.0% RV (Recreational Vehicle) Parks and Campgrounds 1,166,828 4.5% 614,143 2.3% 0 0.0% All Other Hospitality 6,840,602 10.7% 2,492,695 3.9% 0 0.0% Hospitality Total $94,751,899 11.6% $48,366,585 5.9% $6,246,020 0.8% Page 23 As of March 31, 2021

Hotel Exposure by State Page 24 $14.5 $126.4 $138.0 $24.6 $80.6 $97.2 $0.7 $14.5 $133.1 $153.3 $26.9 $82.5 $102.5 $0.7 $0 $20 $40 $60 $80 $100 $120 $140 $160 $180 ID MT OR SD WA WY Other Outstanding Commitment • No hotel loan with a balance greater than $23 Million. • Approximately $85 Million of Hotel Portfolio Commitments are currently in the construction phase. • Based on approval observations, more than 80% of Portfolio are flagged hotels. All new hotel loans since 2016 are top tier flagged hotels for their market. • Average LTV for loans greater than $1 million is 46%. As of March 31, 2021 $ i n M il li o n s

Hotel Outstandings by Risk Distribution Page 25 Pass 58% Pass-Watch 27% Special Mention 7% Substandard 8% As of March 31, 2021

Indirect Auto: Lending Consumer Indirect Production Indirect Loan Portfolio Page 26 As of March 31, 2021 • Total Portfolio Yield: 5.89% • Est. Average Life of RV: 45 months • Est. Average Life of Auto: 32 months $ i n M il li o n s New Auto 25% Other 9% RV 23% Used Auto 43% $78.12 $86.90 $78.02 5.99% 5.44% 5.63% 5.0% 5.2% 5.4% 5.6% 5.8% 6.0% 6.2% 6.4% 6.6% 6.8% 7.0% $0 $50 $100 $150 $200 $250 $300 $350 $400 1Q2020 4Q2020 1Q2021 New Quarterly Production Production Yield

Indirect Auto: Delinquency Originations from a credit quality perspective • Approximately 59% of our originations are above a 750 FICO score • Approximately 88% of our originations are above a 700 FICO score • Not participating in the subprime space; less than 1% of the portfolio has a score below 620 March 31, 2021 Delinquency at 0.72% Page 27 30-Day+ Delinquency 0.00% 0.20% 0.40% 0.60% 0.80% 1.00% 1.20% 1.40% 1.60% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2018 2019 2020 2021

Agriculture: Portfolio Exposure • 4.4% of total loan portfolio • $197.7 million in unfunded commitments • Beef Cattle Ranching/Farming accounting for 41.9% of total portfolio Month NAICS Code Description Net Principal Balance Unfunded Commitment March 2021 112111 Beef Cattle Ranching and Farming $ 181,815,396 $ 77,679,216 $ 259,494,613 111140 Wheat Farming 63,390,715 45,487,761 108,878,476 111331 Apple Orchards 20,108,525 5,805,051 25,913,576 112112 Cattle Feedlots 8,839,947 15,514,465 24,354,412 111211 Potato Farming 21,368,658 3,731,073 25,099,730 All Other Agriculture 137,971,847 49,492,555 187,464,402 Agriculture Total $ 433,495,088 $ 197,710,121 $ 631,205,209 Page 28 As of March 31, 2021

Agriculture: Industry Performance • $56.9 million in criticized loan categories • $8.6 million in impaired loan categories • $3.4 million or 0.8% allowance for credit losses • $98 thousand in specific reserves Description Criticized % Criticized Classified % Classified Impaired % Impaired Beef Cattle Ranching and Farming $ 18,866,114 10.4% $ 11,389,681 6.3% $ 1,123,570 0.6% Wheat Farming 3,935,112 6.2% 1,891,605 3.0% 152,304 0.2% Apple Orchards 13,152,976 65.4% 1,955,211 9.7% 1,955,211 9.7% Cattle Feedlots 3,012,998 34.1% 0 0.0% 0 0.0% Potato Farming 356,614 1.7% 356,614 1.7% 356,614 1.7% All Other Agriculture * 17,567,853 12.7% 11,632,454 8.4% 5,033,017 3.6% Total Agriculture $ 56,891,666 13.1% $ 27,225,565 6.3% $ 8,620,715 2.0% Page 29 As of March 31, 2021

Oil and Gas: Industry Exposure • $52.7 million in direct exposure (0.5% of total loan portfolio) • $13.8 million in unfunded commitments • $7.0 million in criticized loans category Month NAICS Code Description Net Principal Balance Unfunded Commitment March 2021 213112 Support Activities for Oil and Gas Operations $24,406,192 $4,501,612 $28,907,803 211120 Crude Petroleum Extraction 19,275,251 6,195,148 25,470,399 213111 Drilling Oil and Gas Wells 7,638,856 1,603,810 9,242,666 221210 Natural Gas Distribution 563,975 1,382,861 1,946,836 211130 Natural Gas Extraction 861,562 162,212 1,023,774 Oil & Gas Total $52,745,837 $13,845,642 $66,591,478 As of March 31, 2021Page 30

Oil and Gas: Industry Performance • $2.3 million in impaired loan categories • $1.7 million or 3.2% allowance for credit losses • $22 thousand in specific reserves Description Criticized % Criticized Classified % Classified Impaired % Impaired Support Activities for Oil and Gas Operations $ 2,866,805 11.7% $ 605,264 2.5% $ 376,359 1.5% Crude Petroleum Extraction 3,416,504 17.7% 1,392,989 7.2% 1,188,223 6.2% Drilling Oil and Gas Wells 60,536 0.8% 60,536 0.8% 0 0.0% Natural Gas Distribution 0 0.0% $0 0.0% 0 0.0% Natural Gas Extraction 749,773 87.0% 749,773 87.0% 749,773 87.0% Oil & Gas Total $ 7,093,618 13.4% $ 2,808,562 5.3% $ 2,314,355 4.4% Page 31 As of March 31, 2021

Mall and Retail Trade: Portfolio Exposure • $54.1 million direct exposure to Malls (0.5% of total loan portfolio) o None in criticized loan categories • $33.3 million direct exposure to Retail Trade (0.3% of total loan portfolio) o $1.8 million in criticized loan categories Month NAICS Code Description Net Principal Balance Unfunded Commitment March 2021 Shopping Malls $54,121,642 $5,514,961 $59,636,603 451110 Sporting Goods Stores 17,334,644 4,882,384 22,217,027 448310 Jewelry Stores 5,641,262 1,753,081 7,394,343 452990 All Other General Merchandise Stores 1,635,015 88,454 1,723,469 448190 Other Clothing Stores 1,380,495 633,145 2,013,640 448140 Family Clothing Stores 1,237,433 187,752 1,425,185 448120 Women's Clothing Stores 1,313,934 77,423 1,391,357 All Other Retail Trade 4,773,503 704,782 5,478,285 Mall and Retail Trade Total $87,437,927 $13,841,982 $101,279,909 Page 32 As of March 31, 2021

Mall and Retail Trade: Portfolio Performance • $1.8 million in criticized loan categories • $0.2 million in impaired loan categories • $0.9 million or 1.0% allowance for credit losses • $85 thousand in specific reserves Description Criticized % Criticized Classified % Classified Impaired % Impaired Sporting Goods Stores 25,065 0.1% 25,065 0.1% 0 0.0% All Other General Merchandise Stores 614,722 37.6% 614,722 37.6% 177,820 10.9% Other Clothing Stores 355,710 25.8% 355,710 25.8% 18,490 1.3% All Other Retail Trade 806,091 16.9% 0 0.0% 0 0.0% Mall and Retail Trade Total $ 1,801,587 2.1% $ 995,497 1.1% $ 196,310 0.2% Page 33 As of March 31, 2021

Page 34 Current Expected Credit Loss (CECL)

CECL Results Page 35 • Reviewed and affirmed March 2021 Baseline forecast, noted convergence with Consensus • Herd immunity achieved by summer • Fed rates remain low • Oil rises to $50-60 / Barrel through 2022 • Stimulus provides additional boost to economy • Last quarter baseline assumed only $900million of stimulus and oil topping at $45 • Infections Abate by July 2021 • Last quarter was September 2021 • Unemployment Rate improving more rapidly than prior projections – forecasted return to sub-5% levels by 2022 • GDP returns to robust growth of 5.7% 2021 and 2022 • Improving trends in HPI; CREPI continues decline through 2021 before rebounding 2022 • 10YR Treasury approaches 2% by YE-21 and is above 2% 2022 • Portfolio Characteristics • Industry Exposure – Energy • Segment Exposure – CRE (including Hotel), Residential Construction, Consumer, Acquired • Historical Data Enhancements • Loan Characteristics, Prepayment Speeds As of March 31, 2021 Moody’s Baseline Forecast Primary Economic Considerations Qualitative Factor Inputs 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% $- $20 $40 $60 $80 $100 $120 $140 $160 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 1Q-21 M ill io n s Allowance to Total Loans ACL ($) ACL to Loans Held For Investment (%)

ACL Allocation by Segment Page 36 *Variance between modeled loan outstanding balances and total loans are primarily Paycheck Protection Program Loans, New Market Tax Credits and overdrafts. Totals may not sum due to rounding and/or non-disclosed segments. As of March 31, 2021 Allowance for Credit Loss as a % of Total Loans, including PPP loans, is 1.39% ($000's) ACL Outstanding Rate Balances* Agricultural $ 246,190 $ 736 0.30% $ 225,139 $ 641 0.28% Agricultural Credit Cards 1,593 6 0.36% 1,541 17 1.07% Agriculture RE 221,630 2,645 1.19% 220,829 2,723 1.23% CRE Non-Owner Occupied 1,694,596 25,661 1.51% 1,721,122 23,106 1.34% CRE Owner Occupied 1,705,077 18,326 1.07% 1,660,118 17,437 1.05% Commercial & Floor Plans 1,055,343 34,229 3.24% 1,028,918 31,015 3.01% Commercial Construction 523,836 7,326 1.40% 551,436 7,173 1.30% Commercial Credit Cards 66,579 275 0.41% 64,426 280 0.44% Commercial Purpose 1-4 Family 272,842 4,709 1.73% 268,057 4,737 1.77% Consumer Direct & AdvanceLine 148,939 4,600 3.09% 142,212 4,892 3.44% Consumer Home Equity & HELOC 383,856 1,356 0.35% 376,284 1,378 0.37% Consumer Indirect 805,150 16,682 2.07% 790,789 16,049 2.03% Consumer Credit Cards 70,421 2,619 3.72% 67,043 1,546 2.31% Land Acquisition and Development 265,310 1,218 0.46% 258,745 1,114 0.43% Residential Construction 250,910 1,559 0.62% 247,508 1,357 0.55% CRE Multi-Family 363,689 10,986 3.02% 365,826 11,842 3.24% Residential 1-4 Family 1,014,149 11,399 1.12% 1,075,165 11,461 1.07% $9,090,111 $144,333 1.59% $9,065,160 $136,666 1.51% 4Q20 1Q21 Segments Outstanding Balances* ACL ACL ACL Rate

Page 37 Investment Portfolio

Investment Portfolio Quarterly New Purchases: Average Yield Quarterly New Purchases: Duration A/L Page 38 Portfolio Composition ($4.93 Billion) 1.2% 1.4% 1.5%1.5% 0.0% 0.2% 0.4% 0.6% 0.8% 1.0% 1.2% 1.4% 1.6% Q1-21Q4-20Q3-20Q2-20 4.45 8.70 8.05 5.06 0.00 1.00 2.00 3.00 4.00 5.00 6.00 7.00 8.00 9.00 10.00 Q1-21Q4-20Q3-20Q2-20 As of March 31, 2020 0% 1% 1% 1% 3% 7% 7% 10% 11% 20% 40% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% ABS Small Business Floating MBS CMO Floating Private Label Treasury / Agency Corporate CMBS Municipal CMO Fixed MBS

Interest Rate Sensitivity Page 39 NET INTEREST INCOME CHANGE ($) NET INTEREST INCOME CHANGE (%) *Base Case assumes static balance sheet as of 3/31/21. Parallel rate shifts. 25.50% 19.16% 12.76% 6.46% 0.00% -7.54% -11.99% -35% -30% -25% -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% +400 bps +300 bps +200 bps +100 bps Base -100 bps -200 bps NET INTEREST INCOME (NII) - Shocks $559 $531 $502 $474 $446 $412 $392 $300 $350 $400 $450 $500 $550 $600 +400 bps+300 bps+200 bps+100 bpsBase-100 bps-200 bps M il li o n s NET INTEREST INCOME VOLATILITY - 12 MONTH HORIZON Net Interest Income (NII) ALCO Limits

Well Positioned to Benefit from Higher Rates Page 40 • 31.6% Increase in Core Deposits (Q1-21 vs. Q1-20) • 9 BPS Interest Bearing Deposit Costs, incl. repos (Q1 2021) • $1.9B Excess Liquidity (03-31-21) Deposit Betas P o te n ti a l In c re a s e i n In v e s tm e n t S e c u ri ti e s 10% 20% 30%* 40% $400 Million 12.9% 10.6% 8.2% 5.9% $800 Million 13.3% 10.9% 8.6% 6.3% $1,200 Million 13.6% 11.3% 9.0% 6.6% $1,600 Million 14.0% 11.7% 9.3% 7.0% We remain well positioned for the environment as deployment of excess liquidity could provide meaningful earnings power. Industry liquidity may also lead to lower betas in next rising rate cycle. ASSUMPTIONS • % Change in annual NII versus static rates (03-31-21) • +100 bps parallel ramp over the next 12 months • Year 2 Impacts Record deposit growth could lead to meaningful NII improvement in a rising rate scenario Example: $1.2 billion invested would result in 9% higher NII, versus the modeled static scenario. *Current beta

Page 41 Current Financial Performance

Pre-Provision Net Revenue (PPNR) Page 42 $66.5 $66.6 $68.2 $64.9 $60.4 1.85% 1.75% 1.73% 1.60% 1.37% 1.20% 1.40% 1.60% 1.80% 2.00% 2.20% 2.40% $58.0 $60.0 $62.0 $64.0 $66.0 $68.0 $70.0 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 $ i n M il li o n s PPNR PPNR/Avg Assets (annualized) 1 Net Income Before Tax + Provision Expense. PPNR is a Non-GAAP measurement. See Appendix for Non-GAAP reconciliation. Decrease in PPNR in Q1 2021 is mainly due to a decrease in net interest income of $7.7 million, partially offset by an $4.2 million increase in non-interest income. The decrease in net interest income is primarily related to a decline of interest income from PPP loans, reduction of interest accretion from acquired loans, a shift in mix of assets, and lower yields on loans and investments, partially offset by lower funding costs on time deposits. The increase in non-interest income is primarily driven by an increase in mortgage banking revenues as a result of the recovery of mortgage service impairment. 1

Net Interest Margin Analysis: Contribution to Change Page 43 3.25% 3.04%-10 BPS -4 BPS -1 BPS 3 BPS -15 BPS 6 BPS 0 BPS 0 BPS 2.00% 2.20% 2.40% 2.60% 2.80% 3.00% 3.20% 3.40% Q4-20 Loan Rate Investment Rate Cash Rate Deposit Rate Loans Investments Cash Deposits Q1-21 NET INTEREST MARGIN CONTRIBUTION: BREAKDOWN RATE MIX

Non-Interest Income Payment Services 26.8% Mortgage Banking 30.4% Wealth Management 16.5% Deposit Service Charges 10.0% Other Service Charges and Fees 5.5% Other Income 10.8% 24.0% of TOTAL REVENUE Page 44 Quarter Ended March 31, 2021

Mortgage Production QUARTERLY PRODUCTION VOLUME 0.0% 10.0% 20.0% 30.0% 40.0% 50.0% 60.0% 70.0% 80.0% 90.0% $- $100 $200 $300 $400 $500 $600 $700 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Purchase Refinance % Sold to the Secondary Market Page 45 As of March 31, 2021 M il li o n s

Wealth Management $3,509 $600 $1,040 $506 Total: $5,655 Million Discretionary Non-Discretionary Brokerage Retirement Plan $3,600 $4,100 $4,600 $5,100 $5,600 $6,100 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Assets Under Administration As of March 31, 2021 (in millions) Page 46 $ i n m il li o n s

Page 47 Growth Strategies and Capital Allocation

Maximizing Shareholder Value Management’s priority is to deploy capital through: Page 48 Return on Capital Organic Growth M&A Share Repurchases Special Dividend Dividends

Page 49 351.28 % -100 -50 0 50 100 150 200 250 300 350 400 450 Mar-10 Mar-11 Mar-12 Mar-13 Mar-14 Mar-15 Mar-16 Mar-17 Mar-18 Mar-19 Mar-20 Mar-21 P e rc e n t (% ) FIBK: TOTAL RETURN (03/23/2010 THROUGH 03/31/2021) We are Delivering Results Since the IPO in March 2010, FIBK has delivered a 351% total return to shareholders Source: Bloomberg

Appendix Page 50

Non-GAAP Reconciliation Page 51 (Dollars in millions) Pre-Provision Net Revenue (PPNR) Q1 2020 Q2 2020 Q3 2020 Q4 2020 Q1 2021 Net interest income (GAAP) $123.1 $122.5 $123.0 $128.4 $120.7 Plus: Noninterest income (GAAP) $38.4 $39.7 $44.7 $33.9 $38.1 Total revenues (GAAP) $161.5 $162.2 $167.7 $162.3 $158.8 Less: Noninterest expense (GAAP) $95.0 $95.6 $99.5 $97.4 $98.4 PPNR (Non-GAAP) $66.5 $66.6 $68.2 $64.9 $60.4 Less: Provision expense (GAAP) $29.0 $19.5 $5.2 $3.2 ($5.1) Net income before tax (GAAP) $37.5 $47.1 $63.0 $61.7 $65.5

Business Cycle Status RECOVERY MID EXPANSION LATE EXPANSION AT RISKIN RECESSION Idaho Economic Drivers Strengths & Weaknesses Business Costs Vitality U.S.=100% Best=1, Worst=51 Summary of Key Indicators: Idaho State GDP Overview Economic Growth U.S.=100% Highest=1, Lowest=51 0% 5% 10% 15% Agriculture Mining Utilities Construction Manufacturing Wholesale Retail Transportation Information Finance/Insurance Real Estate Professional Educational Health Arts Accommodation Other services Government ID GDP: Industry % Contribution ID US HIGH-TECHAGRICULTURE Strengths • Prominent drivers in high tech, agriculture. • Above-average population growth and net migration. • Strong housing market. • High economic vitality. Weaknesses • Abundance of low-wage service jobs. • Highly cyclical tech industries contribute to above-average volatility. • Below-average labor productivity. Relative 109% Rank 10 Index 103% Rank 17 Gross State Product ID 2014-2019 CAGR 3.38% 2020-2025 CAGR 4.59% Page 52 2014 2015 2016 2017 2018 2019 INDICATORS 2020 2021 2022 2023 2024 2025 61.4 63.1 65.5 67.8 70.5 72.5 Gross state product (C12$ bil) 69.2 71.3 76.5 80.9 84 86.6 654 672 694 715 739 760 Total employment (ths) 728 724 754 784 800 808 2.5 2.7 3.4 3 3.3 2.8 % change -4.2 -0.5 4.2 3.9 2 1 4.8 4.1 3.8 3.2 2.9 2.9 Unemployment rate (%) 6.5 7.1 5.7 4.2 3.9 4 6 6.5 4 5.7 6.4 6.1 Personal income growth (%) 6.6 -0.9 7.4 7.5 6.4 5.6 1,631 1,651 1,682 1,718 1,751 1,787 Population (ths) 1,824 1,850 1,872 1,896 1,922 1,946 9.8 9.8 21.9 26.5 24.1 27.5 Net migration (ths) 27.2 15.7 12.9 14.4 15.9 15.7 6,293 7,784 9,739 11,019 12,176 12,978 Single-family permits (#) 11,447 13,067 17,345 18,279 18,072 17,760 2,504 2,170 2,426 3,164 3,648 4,738 Multifamily permits (#) 3,402 3,194 3,857 4,162 4,129 3,919 289 306 329 360 405 450 FHFA house price (1980Q1=100) 479 456 443 447 451 463 4 3.5 3.2 3.3 3.2 3.7 Mortgage delinquency rate (%) 5.1 7.3 6.5 5.3 5 4.8 54.9 60.3 61.9 67.5 65.1 63.1 New vehicle registrations (ths) 54.6 65.7 75.1 75.6 74.6 75.1 4,612 3,841 3,738 3,691 3,630 3,580 Personal bankruptcies (#) 4,760 6,650 5,309 5,213 5,859 6,195 Sources: Moody’s U.S. Précis® StateUpdated as of August 2020 Unemployment 0 2 4 6 8 10 12 14 16 O -1 9 D -1 9 F -2 0 A -2 0 J -2 0 A -2 0 O -2 0 ID U.S.

Montana ENERGY & RESOURCES Strengths • Year-round tourist attractions, including popular national parks. • Relatively low cost of doing business. • Population growth is stronger for longer; housing and consumer industries benefit. Weaknesses • Far from major markets. • Below-average incomes. • Agriculture and tourism vulnerable to harsh weather. • Unfavorable age structure. Relative 88% Rank 33 U.S.=100% Best=1, Worst=51 Gross State Product MT 2013-2018 CAGR 1.79% 2019-2024 CAGR 3.68% AGRICULTURE TOURIST DESTINATION 0% 5% 10% 15% 20% Agriculture Mining Utilities Construction Manufacturing Wholesale Retail Transportation Information Finance/Insurance Real Estate Professional Educational Health Arts Accommodation Other services Government MT GDP: Industry % Contribution MT US Index 102% Rank 21 U.S.=100% Highest=1, Lowest=51 Page 53 2014 2015 2016 2017 2018 2019 Indicators 2020 2021 2022 2023 2024 2025 43.2 44.9 44.3 45 46.2 47.2 Gross state product (C12$ bil) 45 46.1 48.9 51.3 52.7 53.9 453 462 468 473 478 484 Total employment (ths) 462 462 475 487 493 495 1 1.9 1.3 1 1.2 1.2 % change -4.6 0.1 2.8 2.5 1.2 0.5 4.7 4.2 4.1 4 3.6 3.5 Unemployment rate (%) 6.5 6.4 5.7 4.7 4.5 4.4 5.1 4.7 1.5 4.9 5.8 3.9 Personal income growth (%) 6.1 -2 5.6 5.8 5 4.3 1,022 1,030 1,041 1,052 1,061 1,069 Population (ths) 1,078 1,085 1,090 1,095 1,100 1,104 5.2 5.7 7.8 9.6 6.3 6.3 Net migration (ths) 7.6 4.3 3 3.3 3.4 3.3 2,044 2,992 3,113 3,161 3,213 3,014 Single-family permits (#) 2,848 3,500 4,367 4,144 3,906 3,815 1,840 1,834 1,668 1,771 1,886 1,762 Multifamily permits (#) 1,460 933 1,203 1,043 955 876 374 391 407 428 454 480 FHFA house price (1980Q1=100) 498 476 467 473 477 489 3.2 2.7 2.5 2.5 2.5 2.5 Mortgage delinquency rate (%) 2.9 3.9 3.5 3.1 2.9 2.8 62.3 65 68.8 60 58 52.8 New vehicle registrations (ths) 50.5 60 66.6 65 63.5 63.8 1,480 1,265 1,280 1,258 1,260 1,262 Personal bankruptcies (#) 1,547 2,023 1,668 1,631 1,781 1,848 Sources: Moody’s U.S. Précis® StateUpdated as of August 2020 Economic Drivers Strengths & Weaknesses Business Costs Vitality Summary of Key Indicators: Montana State GDP Overview Economic Growth Business Cycle Status RECOVERY MID EXPANSION LATE EXPANSION AT RISKIN RECESSION Unemployment 0 2 4 6 8 10 12 14 16 O -1 9 D -1 9 F -2 0 A -2 0 J -2 0 A -2 0 O -2 0 MT U.S.

Strengths • Diverse economy with export focus. • Low energy costs courtesy of a network of hydroelectric plants. • Leader in semiconductor production, for which • global demand is strong. Weaknesses • Strict environmental regulations that raise business costs. • Above-average employment volatility. • Eroding housing affordability. Oregon U.S.=100% Best=1, Worst=51 U.S.=100% Highest=1, Lowest=51 0% 10% 20% 30% Agriculture Mining Utilities Construction Manufacturing Wholesale Retail Transportation Information Finance/Insurance Real Estate Professional Educational Health Arts Accommodation Other services Government OR GDP: Industry % Contribution OR US TOURIST DESTINATION MANUFACT.HIGH-TECH Gross State Product OR 2013-2018 CAGR 4.10% 2019-2024 CAGR 4.24% Relative 123% Rank 3 Index 101% Rank 22 Page 54 2014 2015 2016 2017 2018 2019 Indicators 2020 2021 2022 2023 2024 2025 181.9 192 200.9 208.6 216.6 222.4 Gross state product (C12$ bil) 210.6 214.7 230.7 243.9 252.2 259.2 1,722 1,781 1,834 1,876 1,913 1,942 Total employment (ths) 1,813 1,816 1,894 1,970 2,009 2,028 2.8 3.4 3 2.3 2 1.5 % change -6.6 0.2 4.3 4 2 1 6.8 5.6 4.8 4.1 4.1 3.8 Unemployment rate (%) 9 9.8 7.9 5.9 5.5 5.4 7.3 7.8 4.8 5.4 6.2 5.1 Personal income growth (%) 5.2 -1.6 6.9 7.2 6 5.2 3,963 4,016 4,090 4,144 4,182 4,218 Population (ths) 4,261 4,294 4,323 4,352 4,382 4,412 29 42 63.7 45.7 31 29.1 Net migration (ths) 34.9 23.6 20.3 20.4 22.1 23.2 8,573 10,255 11,006 10,604 11,217 11,586 Single-family permits (#) 10,618 14,726 20,117 20,955 20,431 19,987 8,072 7,255 8,580 9,449 8,915 10,451 Multifamily permits (#) 7,673 6,551 8,202 8,521 8,392 7,908 398 434 482 525 561 589 FHFA house price (1980Q1=100) 608 595 603 637 676 725 3.8 3.1 2.6 2.5 2.2 2.2 Mortgage delinquency rate (%) 2.7 3.8 3.4 2.8 2.6 2.5 156.3 169.8 185.5 189.1 179.1 172.5 New vehicle registrations (ths) 146.3 169.2 189.3 186 180.9 180.8 12,059 10,600 8,906 8,991 8,612 8,776 Personal bankruptcies (#) 11,953 16,739 13,143 12,781 14,290 15,000 Sources: Moody’s U.S. Précis® StateUpdated as of August 2020 Economic Drivers Strengths & Weaknesses Business Costs Vitality Summary of Key Indicators: Oregon State GDP Overview Economic Growth Business Cycle Status RECOVERY MID EXPANSION LATE EXPANSION AT RISKIN RECESSION Unemployment 0 2 4 6 8 10 12 14 16 18 O -1 9 D -1 9 F -2 0 A -2 0 J -2 0 A -2 0 O -2 0 OR U.S.

South Dakota U.S.=100% Best=1, Worst=51 U.S.=100% Highest=1, Lowest=51 0% 5% 10% 15% Agriculture Mining Utilities Construction Manufacturing Wholesale Retail Transportation Information Finance/Insurance Real Estate Professional Educational Health Arts Accommodation Other services Government SD GDP: Industry % Contribution SD US MEDICAL CENTER TOURIST DESTINATION FINANCIAL CENTER Index 86% Rank 50 Relative 87% Rank 38 Strengths • Favorable business climate, low costs. • No state tax on personal income. • High housing affordability despite prices that are well above their prior peak. • Strong labor force growth. Weaknesses • Heavy reliance on cyclical tourism. • High dependence on agriculture and exposure to volatile commodity prices. Gross State Product SD 2013-2018 CAGR 1.03% 2019-2024 CAGR 2.67% Page 55 2014 2015 2016 2017 2018 2019 Indicators 2020 2021 2022 2023 2024 2025 44.2 45.4 45.7 45.6 46.5 46.8 Gross state product (C12$ bil) 44.7 45.6 48.6 51 52.6 53.8 424 429 432 434 438 441 Total employment (ths) 417 418 431 442 447 450 1.5 1 0.9 0.4 0.9 0.6 % change -5.4 0.3 3 2.6 1.2 0.5 3.4 3.1 3 3.2 3.1 3.3 Unemployment rate (%) 5.2 5 4.1 3.1 2.9 2.9 4.6 4.2 1 3.1 6.5 3.6 Personal income growth (%) 2.3 -2.5 5.8 6.3 4.9 4 849 854 863 873 879 885 Population (ths) 892 898 904 909 914 919 1.5 0.4 4.5 5.8 1.2 1.4 Net migration (ths) 2.5 1.9 1.4 1.2 1.2 1.4 2,798 2,868 3,195 3,386 2,985 3,127 Single-family permits (#) 3,293 4,640 5,544 5,296 5,141 5,077 1,924 1,614 2,491 2,021 1,978 1,288 Multifamily permits (#) 2,285 3,420 3,480 2,912 2,802 2,724 316 330 345 364 384 403 FHFA house price (1980Q1=100) 413 399 408 430 441 450 3 2.8 2.6 2.6 2.5 2.6 Mortgage delinquency rate (%) 3.1 3.9 3.4 2.8 2.7 2.7 39.4 39.6 37.6 40.6 38.4 37.8 New vehicle registrations (ths) 30.4 39.7 45.3 43.7 42.2 42.3 1,150 1,051 1,055 1,003 1,028 901 Personal bankruptcies (#) 1,148 1,603 1,252 1,224 1,371 1,444 Sources: Moody’s U.S. Précis® StateUpdated as of August 2020 Economic Drivers Strengths & Weaknesses Business Costs Vitality Summary of Key Indicators: South Dakota State GDP Overview Economic Growth Business Cycle Status RECOVERY MID EXPANSION LATE EXPANSION AT RISKIN RECESSION Unemployment 0 2 4 6 8 10 12 14 16 O -1 9 D -1 9 F -2 0 A -2 0 J -2 0 A -2 0 O -2 0 SD U.S.

Washington U.S.=100% Best=1, Worst=51 U.S.=100% Highest=1, Lowest=51 0% 5% 10% 15% Agriculture Mining Utilities Construction Manufacturing Wholesale Retail Transportation Information Finance/Insurance Real Estate Professional Educational Health Arts Accommodation Other services Government WA GDP: Industry % Contribution WA US DEFENSEMANUFACT.HIGH-TECH Gross State Product WA 2013-2018 CAGR 4.52% 2019-2024 CAGR 4.18% Strengths • Fast-growing software and IT industries. • Top-ranked public university that drives exceptionally high educational attainment. • Low costs relative to Silicon Valley and deep pool of engineering talent. Weakness • Shrinking aerospace industry hampers growth in mid-wage jobs. • Large agriculture industry is exposed to commodity prices. Relative 123% Rank 2 Index 95% Rank 37 Page 56 2014 2015 2016 2017 2018 2019 Indicators 2020 2021 2022 2023 2024 2025 425.8 444.3 459.8 483.8 511.7 531.2 Gross state product (C12$ bil) 501.2 511.5 551.7 582.1 600.6 615.1 3,058 3,145 3,242 3,321 3,401 3,470 Total employment (ths) 3,244 3,265 3,406 3,533 3,592 3,619 2.5 2.9 3.1 2.5 2.4 2 % change -6.5 0.7 4.3 3.7 1.7 0.7 6.1 5.6 5.3 4.7 4.5 4.3 Unemployment rate (%) 9.9 10 7.6 5.7 5.4 5.4 8 6.2 5.7 6.6 7.5 5.7 Personal income growth (%) 2.8 -1.3 8.1 8.5 6.4 5 7,055 7,164 7,295 7,423 7,524 7,615 Population (ths) 7,716 7,794 7,866 7,938 8,012 8,088 54.7 74 95.8 94.7 70.8 61.6 Net migration (ths) 70.2 45.3 40.2 40.6 44.2 47.5 17,905 19,797 22,463 23,115 23,676 23,300 Single-family permits (#) 21,286 26,884 35,909 37,508 36,205 35,624 15,993 20,577 21,614 22,679 24,070 25,124 Multifamily permits (#) 20,301 18,753 22,405 22,868 22,216 21,116 427 462 510 566 625 660 FHFA house price (1980Q1=100) 686 687 706 744 781 832 4.1 3.2 2.7 2.5 2.2 2.1 Mortgage delinquency rate (%) 2.8 3.9 3.6 3 2.8 2.7 264.3 285.9 302.7 308.8 303 292.4 New vehicle registrations (ths) 235.8 278 320.1 323.9 317.6 316.8 20,814 17,973 15,961 14,355 13,032 12,170 Personal bankruptcies (#) 15,959 22,024 17,506 17,085 19,055 20,019 Sources: Moody’s U.S. Précis® StateUpdated as of August 2020 Economic Drivers Strengths & Weaknesses Business Costs Vitality Summary of Key Indicators: Washington State GDP Overview Economic Growth Business Cycle Status RECOVERY MID EXPANSION LATE EXPANSION AT RISKIN RECESSION 0 2 4 6 8 10 12 14 16 18 O -1 9 D -1 9 F -2 0 A -2 0 J -2 0 A -2 0 O -2 0 WA U.S. Unemployment

Wyoming U.S.=100% Best=1, Worst=51 U.S.=100% Highest=1, Lowest=51 0% 5% 10% 15% 20% 25% Agriculture Mining Utilities Construction Manufacturing Wholesale Retail Transportation Information Finance/Insurance Real Estate Professional Educational Health Arts Accommodation Other services Government WY GDP: Industry % Contribution WY US ENERGY & RESOURCES AGRICULTURE DEFENSE Gross State Product WY 2013-2018 CAGR 0.31% 2019-2024 CAGR 3.27% Strengths • Abundant natural energy resources. • National parks, a magnet for domestic and international tourism. • Low business costs relative to the region. Weaknesses • Low industrial diversity, high employment concentration in volatile energy industry. • Below-average educational attainment. • Net negative migration. • High rental vacancy rate. Relative 62% Rank 50 Index 100% Rank 25 Sources: Moody’s U.S. Précis® StatePage 57 2014 2015 2016 2017 2018 2019 Indicators 2020 2021 2022 2023 2024 2025 38.7 39.7 38.1 38 38 39.3 Gross state product (C12$ bil) 37.2 38.3 40.5 42.1 43.1 43.7 298 297 286 284 286 290 Total employment (ths) 273 272 281 288 291 292 1.5 -0.5 -3.7 -0.8 0.9 1.4 % change -5.8 -0.3 3.2 2.4 1.1 0.5 4.1 4.3 5.3 4.2 3.9 3.6 Unemployment rate (%) 6.6 7.2 5.6 4.1 3.9 4 7.3 1.2 -4.6 2.3 6.8 5.1 Personal income growth (%) 2.7 -3.4 4.6 4.8 4 3.4 583 586 584 579 578 579 Population (ths) 580 584 587 589 592 594 -2.8 0.1 -4.2 -7.7 -3.3 -0.5 Net migration (ths) -0.4 1.2 1.3 0.5 0.4 0.9 1,614 1,681 1,549 1,464 1,533 1,521 Single-family permits (#) 1,578 2,141 2,700 2,740 2,637 2,558 287 222 178 462 279 187 Multifamily permits (#) 292 243 290 282 265 237 281 292 299 303 316 330 FHFA house price (1980Q1=100) 345 345 353 372 386 401 4 3.7 4 3.9 3.5 3.3 Mortgage delinquency rate (%) 4 5.2 4.7 3.9 3.7 3.7 28.6 27.1 23.6 25.7 26.4 25.9 New vehicle registrations (ths) 24.5 30.4 34.6 34.1 33.2 33.2 912 844 952 986 976 821 Personal bankruptcies (#) 1,067 1,526 1,167 1,123 1,256 1,315 Updated as of August 2020 Economic Drivers Strengths & Weaknesses Business Costs Vitality Summary of Key Indicators: Wyoming State GDP Overview Economic Growth Business Cycle Status RECOVERY MID EXPANSION LATE EXPANSION AT RISKIN RECESSION 0 2 4 6 8 10 12 14 16 O -1 9 D -1 9 F -2 0 A -2 0 J -2 0 A -2 0 O -2 0 WY U.S. Unemployment