Updated
The most significant concentration First Interstate BancSystem, In discloses is commercial real estate and commercial business loans at 69.1%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: First Interstate BancSystem, In’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1A: 'our loans held for investment portfolio are concentrated in commercial real estate and commercial business loans ... representing approximately 69.1% of our loans held for investment portfolio'”
“10-K Item 1A: 'Colorado, Idaho, Iowa, Missouri, Montana, Nebraska, Oregon, South Dakota, Washington, and Wyoming ... our profitability largely depends on the general economic conditions in these areas'”
The bank's disclosed concentration profile is defined by two structural exposures that are characteristic of a community bank operating across the rural and agricultural interior West. The most prominent exposure is the composition of the loans held for investment portfolio: commercial real estate and commercial business loans together represent approximately 69.1% of that portfolio — a high share by disclosed size. The character is structural, reflecting the bank's core business orientation toward commercial clients rather than consumer or residential lending. This concentration is deliberate and consistent with community banking in markets where commercial real estate and business credit dominate demand, but it does mean the portfolio is more sensitive to commercial property valuations and business cycle downturns than a more diversified loan book would be. The second exposure is geographic. The bank's operations span Colorado, Idaho, Iowa, Missouri, Montana, Nebraska, Oregon, South Dakota, Washington, and Wyoming — a multi-state footprint but one concentrated in the Mountain West and Great Plains, with profitability that depends materially on regional economic conditions. This is a medium-share exposure by disclosed size and structural in character. The region is tied to agriculture, energy, and natural resources, meaning localized weather events, commodity price cycles, or energy sector downturns could affect credit quality more broadly than a coast-concentrated franchise. Together, these two exposures compound each other, since the loan portfolio is most exposed to the same economic drivers as the geographic footprint.
For the engine’s reasoning on FIBK’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| ASB | Associated Banc-Corp | 2 | 3 | 0 | 5 |
| BANC | Banc of California, Inc. | 2 | 0 | 0 | 2 |
| AX | Axos Financial, Inc. | 1 | 1 | 0 | 2 |
| FIBK● | First Interstate BancSystem, In | 1 | 1 | 0 | 2 |
| AUB | Atlantic Union Bankshares Corpo | 0 | 3 | 0 | 3 |
| ABCB | Ameris Bancorp | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.