First Interstate BancSystem, Inc. has been downgraded by UBS from a buy to a neutral rating.

The company operates in the financial and bank holding sector and is primarily involved in community banking through its subsidiary, First Interstate Bank. It offers a wide range of banking products and services, including online and mobile banking, catering to individuals, businesses, and municipalities.

First Interstate BancSystem operates within the Community Banking segment, providing various services such as commercial, government, and retail banking. Its key offerings include deposit taking, loan origination, mortgage lending, and wealth management services, which encompass trust, retirement, investment management, insurance, brokerage, and depository services. The bank supports lending opportunities across industries such as agriculture, healthcare, professional services, technology, construction, hospitality, and real estate development.