First Interstate (FIBK) news

Fibra Macquarie technical committee says Fibra MTY offer fair

Fibra Macquarie’s technical committee has concluded that the offer from Fibra MTY is fair, marking a key step in the ongoing merger process. The proposed transaction, valued at approximately $6.5 billion, would combine two major real estate investment trusts in Mexico, creating one of the country’s…

First Industrial Realty Trust, Inc.: Jefferies cuts target price to $67 from $73

Jefferies & Co. has revised its price target for First Industrial Realty Trust, Inc. (FIR), lowering it to $67 per share from a previous target of $73, according to a recent report. The adjustment reflects a reassessment of the company’s near-term outlook and market conditions. Despite the reduced…

First Interstate Bancsystem names Jeff Lee COO

First Interstate Bancsystem has appointed Jeff Lee as Chief Operating Officer, effective immediately [1]. Lee brings over two decades of experience in financial services, having previously held leadership roles at several regional banks. In his new role, Lee will oversee day-to-day operations,…

First Interstate Bancsystem, Inc.: Wells Fargo cuts target price to $34 from $36

First Interstate Bancsystem Inc. files mixed securities shelf

First Interstate BancSystem, Inc. (NASDAQ: FIBK) has announced a public offering of $125 million aggregate principal amount of 7.625% Fixed-to-Floating Rate Subordinated Notes due 2035. The Notes will accrue interest at a fixed rate of 7.625% per annum until June 15, 2030, after which the rate will…