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Q2 2026 · read from the 30 June 2026 Call Report · United States · Mountain West · Montana, the state note

First Interstate Bank

Billings, Montana · $25.79B in assets · beside the 11 other the Mountain West banks over $10B (the state alone holds too few in the band to rank)

The filing

-14.4%
Loans, year over year
12th of 12, largest first
1.1x
Coverage of noncurrent
12th of 12
1.12%
NPA / loans
11th of 12

First Interstate Bank is the fourth largest of the 12 the Mountain West banks nearest its size over $10B, with $25.79B in assets at 30 June 2026. Loans are 65.7% of deposits, 5th of 12 against a median of 89.5%, and equity is 12.6% of assets, 8th of 12. Loans grew -14.4% in the year, the slowest in the cohort, and deposits fell 5.6%; the cohort's median loan growth is +15.6%.

Noncurrent loans are 1.12% of the book, 11th of 12 against a median of 0.52%; 0.17% is 30 to 89 days past due, and the allowance covers them 1.1 times. Net charge-offs are 0.17% of loans, 4th of 12. Commercial real estate is 41.3% of loans, 9th of 12 against a median of 7.1%, and 231% of capital, below the 300% screen, with construction at 23% against the 100% screen.

Return on assets is 1.21%, 9th of 12 against a median of 1.84%, on an efficiency ratio of 59.7%, 7th of 12. Five years ago it was 1.10%. The question is which of these lines moves first over the next four quarters, and against which peer.

Nonperforming loans, share of loansMountain West banks over $10B · 30 June 2026 · lower is stronger, listed first
median 0.52% SB Sofi Bank National Association 0.08% BB BMW Bank of North America 0.09% TF Toyota Financial Savings Bank 0.20% OB Optum Bank Inc 0.21% GB Glacier Bank 0.42% WB Wex Bank 0.44% NB NBH Bank 0.60% SM Sallie Mae Bank 0.65% BB Beal Bank USA 0.78% HB Happen Bank National Association 0.82% FI First Interstate Bank 1.12% CC Comenity Capital Bank 3.21%
Loans, year over yearMountain West banks over $10B · 30 June 2026 · no better direction, largest first
median +15.6% TF Toyota Financial Savings Bank +59.4% SB Sofi Bank National Association +54.1% NB NBH Bank +30.5% OB Optum Bank Inc +25.3% HB Happen Bank National Association +16.9% WB Wex Bank +16.0% GB Glacier Bank +15.2% BB Beal Bank USA +10.8% BB BMW Bank of North America +8.6% CC Comenity Capital Bank +8.3% SM Sallie Mae Bank -7.0% FI First Interstate Bank -14.4%

SBA 7(a), FY2008 to FY2026

First Interstate Bank is the 22nd largest 7(a) lender into Washington of 281, with $182M across 287 loans, 1.4% of everything approved in the state (U.S. Bank, National Association leads with $933M). 150 of its 224 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Washington, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Ada, ID$55M7th of 1334.9%+0.2 pts
Deschutes, OR$48M1st of 8213.6%+4.9 pts
Spokane, WA$45M5th of 1055.3%-1.4 pts
King, WA$38M30th of 1930.8%+0.1 pts
Gallatin, MT$35M1st of 7911.8%-7.6 pts
Douglas, NE$35M6th of 1454.0%quiet FY2022
Polk, IA$34M4th of 1774.8%-0.4 pts
Kootenai, ID$32M3rd of 796.0%-10.8 pts
Larimer, CO$22M8th of 1333.0%+1.2 pts
Sarpy, NE$22M2nd of 709.2%thin
Snohomish, WA$22M22nd of 1271.4%+0.8 pts
Flathead, MT$20M2nd of 528.6%quiet FY2022
Yellowstone, MT$20M5th of 585.8%+1.3 pts
211 smaller markets not shown.
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services468$226M22.4%0.29%81st of 2,596
Retail trade406$166M16.5%0.27%69th of 2,589
Manufacturing279$153M15.2%0.39%44th of 2,246
Construction281$80M7.9%0.25%71st of 2,063
Health care & social assistance206$76M7.5%0.16%92nd of 2,172
7(a) lenders into Washington, share of approvals since FY2008281 lenders on record; the ten largest and First Interstate Bank
UB U.S. Bank, National Association 6.9% $933M · 3,630 loans CB Columbia Bank 6.7% $907M · 2,786 loans KN KeyBank National Association 5.5% $735M · 1,921 loans Bo Bank of Hope 4.9% $658M · 702 loans LO Live Oak Banking Company 4.4% $598M · 424 loans WF Wells Fargo Bank National Associa… 3.9% $518M · 1,645 loans BB Banner Bank 3.5% $467M · 2,139 loans RL Readycap Lending, LLC 3.3% $440M · 406 loans HB Heritage Bank 3.2% $437M · 947 loans U Unibank 2.8% $384M · 420 loans FI First Interstate Bank 1.4% $182M · 287 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
First Interstate BankRankCohort median
Total CRE against capital, the 300% screen231%11th of 1235%
Construction against capital, the 100% screen23%10th of 122%
Construction and land development, share of loans4.0%9th of 120.6%
Non-owner-occupied nonfarm nonresidential, share of loans24.4%10th of 126.3%
Total CRE, the guidance definition, share of loans41.3%9th of 127.1%
CRE growth over 36 months, the third prong-20.0%2nd of 11+34.1%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Sofi Bank National Association$56.82B1.9%67.3%0.08%0.07%0.1%99.9%12.8%
Glacier Bank$31.58B1.2%60.5%0.42%0.08%1.2%86.1%13.7%
Sallie Mae Bank$28.54B2.8%33.0%0.65%1.91%6.4%103.9%10.2%
First Interstate Bank$25.79B1.2%59.7%1.12%0.17%1.3%65.7%12.6%
Optum Bank Inc$21.43B2.5%29.2%0.21%0.22%0.9%60.2%14.8%
Toyota Financial Savings Bank$16.79B0.4%80.3%0.20%0.18%1.2%65.0%10.2%
Comenity Capital Bank$13.86B1.7%56.2%3.21%7.47%11.4%107.2%13.0%
BMW Bank of North America$13.80B2.2%17.1%0.09%0.19%0.5%107.5%12.8%
NBH Bank$12.54B1.0%67.9%0.60%0.29%1.1%92.8%13.3%
Happen Bank National Association$12.48B1.8%74.4%0.82%2.07%2.7%64.9%11.5%
Beal Bank USA$11.05B8.9%6.0%0.78%-4.85%1.4%239.0%23.9%
Wex Bank$10.71B4.0%57.3%0.44%1.69%1.3%55.4%8.0%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First Interstate BankCohort median
20212026Change20212026Change
Loans$9.88B$14.28B+45%$3.76B$10.09B+169%
Deposits$15.57B$21.73B+40%$6.34B$12.64B+99%
NPA / loans0.36%1.12%+0.76 pts0.45%0.52%+0.07 pts
Efficiency59.8%59.7%-0.1 pts52.4%58.5%+6.1 pts
ROA1.10%1.21%+0.10 pts1.75%1.84%+0.09 pts

This read was prepared for First Interstate Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First Interstate Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Mountain West banks over $10B
Institution www.firstinterstatebank.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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