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First Interstate BancSystem Executive Compensation (FY25)

FIBK · Executive and director compensation, fiscal 2022 to 2025
Chief executive, fiscal 2025
◇
James Reuter
Median of the other named officers
$1,091,114
6 officers, excluding the chief executive
Latest say-on-pay support
=
May 27, 2026
Chief executive pay ratio
◇
To the median employee
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Data as of October 19, 2026Latest filing (8-K): May 29, 2026
13 filings cited on this page
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382 figures on this page: 376 cited to the filing that reported them, 6 calculated from figures it prints. See the citations
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 2022
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
Kevin Riley
President & Chief Executive Officer
◇—◇—◇—◇◇
Russell Lee
Former EVP & Chief Banking Officer
Departed during or after this year
◇—◇—◇—◇◇
Jodi Hubbell
Former EVP & Chief Operating Officer
Departed during or after this year
◇—◇———◇◇
Marcy Mutch
Exec. Vice President & Chief Financial Officer
◇—◇—◇—◇◇
Karlyn Knieriem
Exec. Vice President & Chief Risk Officer
◇◇◇—◇—◇◇
Kirk Jensen
Exec. Vice President & General Counsel
◇—◇—◇◇◇◇
Scott Erkonen
Exec. Vice President & Chief Information Officer
◇◇◇—◇—◇◇
Fiscal 2023
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerSalaryBonusStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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
OfficerAwardGrant dateThreshold unitsTarget unitsUnits grantedMaximum unitsExercise priceGrant date fair value
David P. Della CameraRSU◇——◇——◇
David P. Della CameraPSU◇◇◇—◇—◇
James A. ReuterPSU◇◇◇—◇—◇
James A. ReuterRSU◇——◇——◇
Kirk D. JensenPSU◇◇◇—◇—◇
Kirk D. JensenRSU◇——◇——◇
Kristina R. RobbinsRSU◇——◇——◇
Kristina R. RobbinsPSU◇◇◇—◇—◇
Lori A. MeyerRSU◇——◇——◇
Lori A. MeyerPSU◇◇◇—◇—◇
Lorrie F. AskerRSU◇——◇——◇
Lorrie F. AskerPSU◇◇◇—◇—◇
Marcy D. MutchRSU◇——◇——◇
Marcy D. MutchPSU◇◇◇—◇—◇
Fiscal 2022, 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
OfficerAwardUnvested unitsMarket value of unvested unitsExercise priceExpires
Kristina RobbinsRSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
James ReuterPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Marcy MutchPSU◇◇——
PSU◇◇——
Lorrie AskerPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
Kirk JensenPSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
Lori MeyerPSU◇◇——
PSU◇◇——
RSU◇◇——
RSU◇◇——
PSU◇◇——
RSU◇◇——
A dash means the company reported no figure in that column. $0 is shown only where the filing prints a zero.

Severance and change in control

The terms as written in the agreements.
James Reuter
President and Chief Executive Officer · Employment agreement
Severance multiple◇
Change-in-control multiple◇
Equity acceleration on change in control◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Lori Meyer
Executive Vice President and Chief Information Officer · Employment agreement · citing a 2023 filing
Severance multiple◇
Change-in-control multiple◇
Benefits continuation on change in control◇
Benefits continuation◇
Non-compete period◇
Non-solicit period◇
Clawback◇
Lorrie Asker
Former Executive Vice President and Co-Chief Banking Officer · Severance agreement
Severance multiple◇
Benefits continuation◇

Director compensation

What each non-employee director was paid.
Fiscal 2025
DirectorFees earned in cashStock awardsOption awardsNon-equity incentivePension and deferred earningsAll other compensationTotal
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.

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.
YearMeetingSupportVotes forVotes againstAbstentions
2025May 27, 2026=◇◇◇
2024May 20, 2025=◇◇◇
2023May 20, 2024=◇◇◇
2022May 24, 2023=◇◇◇
2020May 26, 2021=◇◇◇
2018May 2, 2019=◇◇◇

Chief executive pay ratio

As calculated and reported by the company.
Ratio
◇
Median employee compensation
◇
Chief executive total compensation
◇

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- James Reuter (President and Chief Executive Officer), FY2025 total compensation $4,615,009 (base salary $1,000,000) [exec_comp, SEC accession 0000860413-26-000025, filed 2026-04-16]

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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.
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Citations

Every figure on this page is cited to the document that reported it. Select any figure to see its citation.
382 figures on this page: 376 cited to the filing that reported them, 6 calculated from figures it prints.
376 cited to the filing
6 calculated from the filing

Documents cited

  1. 0000860413-26-000048
    Proposal No. 3 - To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
  2. 0000860413-26-000025
    Director Compensation · Director Compensation Table · Grants of Plan-Based Awards
  3. 0000860413-25-000168
    Exhibit
  4. 0000860413-25-000070
    Proposal No. 2 - To approve, on a non-binding, advisory basis, the compensation of the Company’s named executive officers.
  5. 0000860413-25-000045
    Compensation Table · Summary Compensation Table
  6. 0000860413-24-000125
    Employment Agreement
  7. 0000860413-24-000071
  8. 0000860413-24-000053
    2023 Summary Compensation Table · Summary Compensation Table
  9. 0000860413-23-000115
  10. 0000860413-23-000072
  11. 0000860413-21-000162
    Item 5.07 Submission of Matters to a Vote of Security Holders
  12. 0000860413-19-000056
    Item 5.07 Submission of Matters to a Vote of Security Holders
  13. 0000860413-23-000194
    EX-10.23
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Velarion, “First Interstate BancSystem executive compensation, FY2022–FY2025.” https://intel.velarion.ai/comp/FIBK (accessed 2026).
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13 filings cited on this page
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Banking rankings

Chief executive pay — BankingCEO pay ratio — BankingSay-on-pay support — Banking

Peers First Interstate BancSystem discloses

The companies named in FIBK's own disclosed peer group.

Ameris BancorpAssociated Banc-CorpAtlantic Union Bankshares CorporationBankUnited, Inc.Cadence BankColumbia Banking System, Inc.Commerce Bancshares, Inc.Eastern Bankshares, Inc.F.N.B CorporationFulton Financial CorporationGlacier Bancorp, Inc.Hancock Whitney CorporationOld National BancorpPacific Premier Bancorp, Inc.Pinnacle 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

Say-on-Pay VoteCEO Pay RatioMedian Employee CompensationAll companies

Free to read and cite. Redistribution or bulk use of the dataset requires a data license. Talk to us about the data license.

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}
}
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