Banking
First Interstate BancSystem Executive Compensation (FY25)
FIBK · Executive and director compensation, fiscal 2023 to 2025
Data as of September 7, 2026Latest filing (8-K): May 29, 2026
284 figures on this page: 278 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
James Reuter was paid $4,615,009 in total compensation as President and Chief Executive Officer for fiscal 2025, and compared with the $2,540,806 reported for fiscal 2024, Reuter's total was 81.6% higher. For fiscal 2025, shareholders backed the say-on-pay proposal with 93.0% of votes cast including abstentions in favor at the meeting held May 27, 2026. Companies named in the disclosed peer group include Ameris Bancorp, Associated Banc-Corp, Atlantic Union Bankshares Corporation, BankUnited, Inc. and Cadence Bank, among others. The company reported 7 named executive officers for fiscal 2025.
What changed from fiscal 2024 to fiscal 2025
The figures that moved, and by how much. Analysis of these figures is part of the Velarion platform.
Chief executive total compensation — James Reuter: $2,540,806 → $4,615,009 (81.6% higher)
Say-on-pay support: 96.3% → 93.0% (3.3 points lower)
Frequently asked questions
Answers drawn from the data on this page.
Who is First Interstate BancSystem's chief executive and what were they paid?
James Reuter was paid $4,615,009 in total compensation as President and Chief Executive Officer for fiscal 2025. Compared with the $2,540,806 reported for fiscal 2024, Reuter's total was 81.6% higher.
What was First Interstate BancSystem's say-on-pay result?
For fiscal 2025, shareholders backed the say-on-pay proposal with 93.0% of votes cast including abstentions in favor at the meeting held May 27, 2026.
Which companies are in First Interstate BancSystem's peer group?
Companies named in the disclosed peer group include Ameris Bancorp, Associated Banc-Corp, Atlantic Union Bankshares Corporation, BankUnited, Inc. and Cadence Bank, among others.
What is First Interstate BancSystem's chief executive pay ratio?
The company reported a chief executive pay ratio of 77:1 for fiscal 2025, against median employee compensation of $59,825.
Executive compensation
Every element reported for each named executive officer, by fiscal year.
Fiscal 2023
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Kevin Riley President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Marcy Mutch Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Scott Erkonen Former Executive Vice President and Chief Information Officer Departed during or after this year | ◇ | — | ◇ | — | — | — | ◇ | ◇ |
Ashley Hayslip Former Executive Vice President and Chief Banking Officer Departed during or after this year | ◇ | — | — | — | — | — | ◇ | ◇ |
Kirk Jensen Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lorrie Asker Executive Vice President and Chief Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kristina Robbins Executive Vice President and Chief Operations Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2024
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
Kevin Riley Former President and Chief Executive Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | ◇ | — | ◇ |
James Reuter President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Marcy Mutch Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lorrie Asker Executive Vice President and Chief Banking Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kirk Jensen Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kristina Robbins Executive Vice President and Chief Operations Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Fiscal 2025
| Officer | Salary | Bonus | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|---|
James Reuter President and Chief Executive Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Marcy Mutch Former Executive Vice President and Chief Financial Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lorrie Asker Former Executive Vice President and Co-Chief Banking Officer Departed during or after this year | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kirk Jensen Executive Vice President and General Counsel | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Kristina Robbins Executive Vice President and Chief Operations Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
David Della Camera Executive Vice President and Chief Financial Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
Lori Meyer Executive Vice President and Chief Information Officer | ◇ | — | ◇ | — | ◇ | — | ◇ | ◇ |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. A negative change in pension value is shown but, as the company reports it, not included in the total.
Equity awards granted
Individual awards as disclosed: type, date, unit counts at each level, and grant date value.
Fiscal 2025
| Officer | Award | Grant date | Threshold units | Target units | Units granted | Maximum units | Exercise price | Grant date fair value |
|---|---|---|---|---|---|---|---|---|
| David P. Della Camera | RSU | ◇ | — | — | ◇ | — | — | ◇ |
| James A. Reuter | PSU | ◇ | ◇ | ◇ | — | ◇ | — | ◇ |
| James A. Reuter | RSU | ◇ | — | — | ◇ | — | — | ◇ |
Fiscal 2023, 2024 are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero. Threshold, target and maximum apply only to performance awards and are never shown for time-based or option awards.
Outstanding awards
Awards still held at fiscal year end.
As disclosed at fiscal 2025 year end
| Officer | Award | Unvested units | Market value of unvested units | Exercise price | Expires |
|---|---|---|---|---|---|
| Lorrie Asker | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Kirk Jensen | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| Kristina Robbins | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Marcy Mutch | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| James Reuter | PSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| Lori Meyer | RSU | ◇ | ◇ | — | — |
| PSU | ◇ | ◇ | — | — | |
| RSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — | |
| PSU | ◇ | ◇ | — | — |
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director compensation
What each non-employee director was paid.
Fiscal 2025
| Director | Fees earned in cash | Stock awards | Option awards | Non-equity incentive | Pension and deferred earnings | All other compensation | Total |
|---|---|---|---|---|---|---|---|
Stephen B. Bowman Board chair | ◇ | ◇ | — | — | — | ◇ | ◇ |
Daniel A. Rykhus | ◇ | ◇ | — | — | — | ◇ | ◇ |
Stephen M. Lacy | ◇ | ◇ | — | — | — | ◇ | ◇ |
Joyce A. Phillips | ◇ | ◇ | — | — | — | ◇ | ◇ |
Alice S. Cho | ◇ | ◇ | — | — | — | ◇ | ◇ |
David L. Jahnke | ◇ | ◇ | — | — | — | ◇ | ◇ |
John M. Heyneman, Jr | ◇ | ◇ | — | — | — | ◇ | ◇ |
Dennis L. Johnson | ◇ | ◇ | — | — | — | ◇ | ◇ |
Patricia L. Moss | ◇ | ◇ | — | — | — | ◇ | ◇ |
Jeremy P. Scott | ◇ | ◇ | — | — | — | ◇ | ◇ |
James R. Scott, Jr | ◇ | ◇ | — | — | — | ◇ | ◇ |
Renu Agrawal | ◇ | ◇ | — | — | — | ◇ | ◇ |
Michael L. Scudder | ◇ | ◇ | — | — | — | — | ◇ |
Frances P. Grieb | ◇ | — | — | — | — | ◇ | ◇ |
Thomas E. Henning | ◇ | — | — | — | — | ◇ | ◇ |
James R. Scott | ◇ | — | — | — | — | ◇ | ◇ |
Jonathan R. Scott | ◇ | — | — | — | — | ◇ | ◇ |
James A. Reuter served on the board in fiscal 2025 and received no compensation for board service. Executive directors are typically paid through their executive roles, shown above.
Earlier years are included in the PDF.
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.
Director fee schedule
The standing retainers and premiums the board pays, as published.
| Board cash retainer | ◇ |
| Board equity retainer | ◇ |
| Total board retainer | ◇ |
| Board chair premium | ◇ |
| Audit committee chair | ◇ |
| Audit committee member | ◇ |
| Compensation committee chair | ◇ |
| Compensation committee member | ◇ |
| Nominating and governance chair | ◇ |
| Nominating and governance member | ◇ |
Equity is delivered as restricted stock units.
Stock ownership guideline: 5x annual cash retainer
Disclosed peer group
The companies this board named as its compensation comparison group. The list is disclosure; the comparison is analysis.
Fiscal 2025
- Ameris Bancorp ABCB
- Associated Banc-Corp ASB
- Atlantic Union Bankshares Corporation AUB
- BankUnited, Inc. BKU
- Cadence Bank CADE
- Columbia Banking System, Inc. COLB
- Commerce Bancshares, Inc. CBSH
- Eastern Bankshares, Inc. EBC
- F.N.B Corporation FNB
- Fulton Financial Corporation FULT
- Glacier Bancorp, Inc. GBCI
- Hancock Whitney Corporation HWC
- Old National Bancorp ONB
- Pacific Premier Bancorp, Inc. PPBI
- Pinnacle Financial Partners, Inc. PNFP
- Prosperity Bancshares, Inc. PB
- Simmons First National Corporation SFNC
- SouthState Corporation SSB
- UMB Financial Corporation UMBF
- United Bankshares, Inc. UBSI
- United Community Banks, Inc. UCB
- Valley National Bancorp VLY
Say-on-pay history
Shareholder support for the compensation program, by year.
| Year | Meeting | Support | Votes for | Votes against | Abstentions |
|---|---|---|---|---|---|
| 2025 | May 27, 2026 | = | ◇ | ◇ | ◇ |
| 2024 | May 20, 2025 | = | ◇ | ◇ | ◇ |
| 2023 | May 20, 2024 | = | ◇ | ◇ | ◇ |
| 2022 | May 24, 2023 | = | ◇ | ◇ | ◇ |
| 2020 | May 26, 2021 | = | ◇ | ◇ | ◇ |
| 2018 | May 2, 2019 | = | ◇ | ◇ | ◇ |
Chief executive pay ratio
As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇
What this page does not include
Everything above is a fact First Interstate BancSystem disclosed, and it is free. Everything below is our analysis of those facts, and it is not.
Peer benchmarking
Where First Interstate BancSystem sits against its disclosed peers — percentile position by role and by pay element, and the ranking behind it. The disclosed peer group is free; comparisons across it are part of the Velarion platform.
Executive Compensation Report — $1,500Written compensation analysis
A read of the pay program as designed and as paid: incentive structure, goal rigor, the alignment between the committee's stated philosophy and what the numbers show.
Executive Compensation Report — $1,500Board and governance analysis
Committee composition, independence, director pay positioning, and the governance provisions read together rather than listed.
Board Governance Report — $1,200Realizable pay
What the awards above are actually worth today against what they were valued at on grant, and what the gap says about the pay-for-performance link.
Velarion IntelligenceAdviser switching and vote outcomes
Two datasets covering compensation-adviser changes and what followed a contested vote. Both are part of the Velarion platform.
Enquire about accessMultiple companies at once
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Velarion IntelligenceCitations
Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
284 figures on this page: 278 cited to the filing that reported them, 6 calculated from figures it prints.
278 cited to the filing
6 calculated from the filing
Documents cited
- 0000860413-26-000048Item 5.07 Submission of Matters to a Vote of Security Holders.
- 0000860413-26-000025Director Compensation · Director Compensation Table · Grants of Plan-Based Awards · Outstanding Equity Awards as of · and 1 more section
- 0000860413-25-000070Item 5.07 Submission of Matters to Vote of Security Holders.
- 0000860413-25-000045Compensation Table · Summary Compensation Table
- 0000860413-24-000071
- 0000860413-24-0000532023 Summary Compensation Table · Summary Compensation Table
- 0000860413-23-000115
- 0000860413-21-000162Item 5.07 Submission of Matters to a Vote of Security Holders
- 0000860413-19-000056Item 5.07 Submission of Matters to a Vote of Security Holders
Cite this data
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Velarion, “First Interstate BancSystem executive compensation, FY2023–FY2025.” https://intel.velarion.ai/comp/FIBK (accessed 2026).
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Peers First Interstate BancSystem discloses
The companies named in FIBK's own disclosed peer group.
Ameris BancorpAssociated Banc-CorpAtlantic Union Bankshares CorporationBankUnited, Inc.Columbia Banking System, Inc.Commerce Bancshares, Inc.Eastern Bankshares, Inc.F.N.B CorporationFulton Financial CorporationGlacier Bancorp, Inc.Hancock Whitney CorporationOld National BancorpPinnacle Financial Partners, Inc.Prosperity Bancshares, Inc.Simmons First National CorporationSouthState CorporationUMB Financial CorporationUnited Bankshares, Inc.United Community Banks, Inc.Valley National Bancorp
Terms on this page
Cite this data
APA
Velarion Company Intelligence. (2026). Velarion database: executive and board compensation data (Version 2026Q3) [Data set]. Zenodo. https://doi.org/10.5281/zenodo.22283854
BibTeX
@misc{velarionData2026,
author = {{Velarion Company Intelligence}},
title = {Velarion database: executive and board compensation data},
year = {2026},
version = {2026Q3},
doi = {10.5281/zenodo.22283854},
publisher = {Zenodo},
url = {https://doi.org/10.5281/zenodo.22283854}
}