JPMorgan Chase Reduces Stake in First Interstate BancSystem

Financial services giant sells over 360,000 shares of regional bank

Published on Feb. 26, 2026

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JPMorgan Chase & Co. has reduced its holdings in First Interstate BancSystem, Inc. (NASDAQ:FIBK) by 16.8% during the third quarter, according to the company's latest Form 13F filing with the Securities and Exchange Commission. The fund now owns approximately 1.7 million shares, or 1.7% of the financial services provider's stock, valued at $56.9 million.

Why it matters

This move by one of the world's largest investment banks signals a shift in sentiment around First Interstate BancSystem, a regional bank with a strong presence in the Western United States. The sale could indicate JPMorgan's view that the bank's growth prospects may be slowing or that the stock is overvalued compared to its peers.

The details

According to the filing, JPMorgan Chase sold 361,588 shares of First Interstate BancSystem during the third quarter. The bank now owns 1,786,566 shares, or approximately 1.7% of the company's outstanding stock. First Interstate BancSystem is a Billings, Montana-based bank holding company that provides a full range of commercial and consumer banking services across several Western states.

  • JPMorgan Chase filed its 13F report for the third quarter of 2026 on February 26, 2026.

The players

JPMorgan Chase & Co.

A multinational investment bank and financial services company headquartered in New York City.

First Interstate BancSystem, Inc.

A bank holding company headquartered in Billings, Montana that provides commercial and consumer banking services across the Western United States.

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The takeaway

This sale by one of the world's largest investment banks could signal a shift in sentiment around First Interstate BancSystem, a regional bank with a strong presence in the Western U.S. The reduction in JPMorgan's stake may indicate concerns about the bank's growth prospects or valuation compared to its peers.