EX-99.1 2 d541547dex991.htm EXHIBIT 99.1 Exhibit 99.1
Annual
Shareholder
Meeting
Billings, MT
May 22, 2013
Exhibit  99.1

First Interstate BancSystem
Safe Harbor
This presentation contains forward-looking statements by First Interstate BancSystem, Inc. (the “Company”) regarding
revenues, income from the origination and sale of loans, net interest margin, quarterly provisions for loan losses, loan
growth, non-performing assets and net charge-off of loans.  This presentation may also contain other forward looking
statements, including statements about the Company’s plans, strategies and prospects.  All forward-looking statements
involve known and unknown risks, uncertainties and assumptions that are difficult to predict. Therefore, the Company’s
actual results, performance or achievements may differ materially from those expressed in or implied by these forward-
looking statements. In some cases, you can identify forward-looking statements by the use of words such as “may,”
“could,”
“expect,”
“intend,”
“plan,”
“seek,”
“anticipate,”
“believe,”
“estimate,”
“predict,”
“potential,”
“continue,”
“likely,”
“will,”
“would”
and variations of these terms and similar expressions, or the negative of these terms or similar expressions.
Factors that may cause actual results to differ materially from current expectations are described in the section entitled
“Risk Factors”
in the Forms 10-K and 10-Q most recently filed by the Company with the SEC.
The risk factors described in Forms 10-K are not necessarily all of the important factors that could cause the Company’s
actual
results,
performance
or
achievements
to
differ
materially
from
those
expressed
in
or
implied
by
any
of
the
forward-looking statement contained in this presentation. Other unknown or unpredictable factors also could affect the
Company’s results.
All forward-looking statements contained in this presentation are expressly qualified in their entirety by the cautionary
statements set forth above. Forward-looking statements speak only as of the date they are made and the Company does
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
the
Company
updates
one
or
more
forward-looking
statements,
no
inference should be drawn that the Company will make additional updates with respect to those or other forward-looking
statements.
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First Interstate BancSystem
Long Term History and Solid Performance
Page 4
Company
Performance
25 consecutive years of net income; Over 18 years
consecutive quarterly dividends
Current  annualized dividend yield 2.6% (at $20/per share price)
Q1 2013 net income to common shareholders of $20
million, EPS $.46
Improving credit quality

First Interstate BancSystem
Impressive Market Shares
First Interstate BancSystem
Ranked #1 by market share in Montana and Wyoming, and #2 in the western South Dakota markets we serve.
-Data Per SNL Financial
Market
$ in Millions
Share
MSAs
Deposits
(June 30, 2012)
Billings, MT
$1,127
27%
Missoula, MT
589
30%
Casper, WY
572
29%
Rapid City, SD
433
21%
Jackson, WY-ID
306
20%
Gillette, WY
302
31%
Sheridan, WY
299
42%
Kalispell, MT
261
18%
Great Falls, MT
251
20%
Laramie, WY
250
51%
Bozeman, MT
229
12%
Riverton, WY
213
35%
Spearfish, SD
169
36%
Cheyenne, WY
157
12%
Helena, MT
60
5%
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First Interstate BancSystem
Page 6
Loan  Portfolio ,
Asset Quality Trends
and
Strong Deposit Base

First Interstate BancSystem
Page 7
Diversified Loan Portfolio
$4.2 Billion in Loans
$4.2 Billion in Loans

First Interstate BancSystem
Improving Credit  Quality Trends
Page 8
(In millions)

First Interstate BancSystem
And Reduction in Criticized Loans
Page 9
(In millions)

First Interstate BancSystem
Strong Deposit Base
First Interstate BancSystem
Page 10

First Interstate BancSystem
Page 11
Earnings
Improvement

First Interstate BancSystem
Earnings Improvement
Page 12

First Interstate BancSystem
2013 Opportunities
Improving economic conditions
Construction activity increasing
Home sales increasing
Low unemployment
Credit opportunities
Additional reductions in non-performing assets
Potential for loan growth paired with disciplined credit practices
In-house limit of $10 Million
Disciplined pricing and terms
Non-interest income opportunities
Wealth Management growth
Mortgage lending in strong housing markets
Credit card activity
Page 13

First Interstate BancSystem
2013 Headwinds
Net Interest Margin Pressure
Q1 2013 Net interest margin 3.55%
Current interest rate environment not likely to change soon
Competitive pressure on loan rates
Q1 2013 average yield 5.38%
Low investment yields
Q1 2013 average yield 1.84%
Loan growth challenges
Competition is tough
Unwilling to compromise credit standards
Higher compliance costs
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First Interstate BancSystem
Our Advantages
Customer-focus
Banking channels adaptive to customer needs
Face-to-Face
On-line
Mobile
Full scope of Payment Products for our customers
Credit card issuer
Cash management products
Merchant processing
Expedient response to loan applications
Internal-focus
Average branch size exceeding $100 million allows efficient use of resources
Further centralization of processes; business process improvements
Technological efficiencies
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First Interstate BancSystem
Page 16
A family legacy
History of Strong Governance
Part of our culture
Non-family ownership since the
beginning
Long history of SEC reporting
Importance placed on retaining
highly qualified, independent
Board members

Long Track Record of Profitability
Leading Market Position
Attractive and Healthy Footprint
Improving Credit Metrics
Low-Cost Core Deposit Base
Growth Opportunities
First Interstate BancSystem
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