Exhibit 99.2 Investor Presentation January 2021 First Interstate BancSystem Safe Harbor This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, that involve inherent risks and uncertainties. Any statements about our plans, objectives, expectations, strategies, beliefs, or future performance ...

Financial Data and Key Metrics Changes - The company generated net income of $46.9 million or $0.76 per share in Q4 2020, with pretax pre-provision income of $64.9 million [7] - Net interest income increased by $5.4 million from the prior quarter, driven by PPP loan fee acceleration, contributing $16.7 million in Q4, up from $10.6 million [16] - The net interest margin decreased by 4 basis points to 3.25%, with a decline of 17 basis points attributed to deposit growth deployed at lower yields [17] Business Line Data and Key Metrics Changes - Loans held for investment decreased by $345 million primarily due to the forgiveness of approximately $425 million of PPP loans [23] - Noninterest income decreased by $10.8 million quarter-over-quarter to $33.9 million, mainly due to lower mortgage banking revenues [19] - The company expects refinancing volumes in the mortgage business to decline by about 50% in 2021, with total production projected to decline by about 30% [21] Market Data and Key Metrics Changes - Total deposits increased at an annualized rate of 9.5% in Q4 2020, with growth primarily in lower-cost deposit categories [9] - The company reported a decline in nonperforming loans by $6.4 million and nonperforming assets by $9.6 million, indicating improved asset quality [26] - The delinquency rate in the indirect portfolio declined from 2019 levels and remained below industry averages [25] Company Strategy and Development Direction - The company is committed to a balanced approach to capital deployment, focusing on organic growth, acquisitions, stock repurchases, and dividends [13] - Plans to launch a digital small business lending portal in May 2021 to enhance customer acquisition [32] - The company aims to leverage its technology platform to refine digital capabilities and improve revenue generation [31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the economic recovery and the potential for loan growth in the mid-single-digit range, excluding PPP impacts [33] - The company anticipates a solid year of earnings growth if the vaccine rollout and stimulus measures positively impact the economy [34] - Management noted that they are not facing significant legacy issues, allowing them to focus on driving profitable growth [28] Other Important Information - The company repurchased over 1 million shares of common stock during Q4 2020 and declared an increase in the quarterly dividend to $0.41 per share, an 8% increase from the previous quarter [13] - The allowance for credit losses as a percentage of loans held for investment increased to 1.47% [27] Q&A Session Summary Question: What is the mix of the mortgages being retained? - The company retains a mix of 10, 15, and 30-year fixed loans, with the yield on 30-year loans at about 3.26% [39] Question: What will drive the return to CECL day 1 levels for the allowance? - Management indicated that the vaccine rollout and economic recovery will be key factors in determining reserve levels [41] Question: What factors could lead to upside in commercial lending growth? - Management noted that economic growth and migration into their markets could drive increased demand for commercial lending [42] Question: What is the appetite for the next round of PPP loans? - Management expects additional deposit growth from the second round of PPP loans, with current applications around 15% [44] Question: Are there any opportunities for M&A? - Management is open to considering acquisitions of banks with higher loan-to-deposit ratios to enhance liquidity [60]

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First Interstate BancSystem, Inc. (NASDAQ:FIBK) Q3 2020 Earnings Conference Call October 27, 2020 11:00 AM ET Company Participants Lisa Slyter-Bray - Executive Assistant Kevin Riley - Chief Executive Officer Marcy Mutch - Chief Financial Officer Conference Call Participants Jeff Rulis - D.A. Davidson Matthew Clark - Piper Sandler Jared Shaw - Wells Fargo Jackie Bohlen - KBW Operator Good day, and welcome to the First Interstate BancSystem Third Quarter 2020 Earnings Conference Call. All participants will be ...

Investor Presentation October 2020 First Interstate BancSystem Safe Harbor This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, that involve inherent risks and uncertainties. Any statements about our plans, objectives, expectations, strategies, beliefs, or future performance or events con ...

[Part I - Financial Information](index=2&type=section&id=Part%20I%20-%20Financial%20Information) [Financial Statements (Unaudited)](index=3&type=section&id=Item%201.%20Financial%20Statements%20(Unaudited)) This section presents unaudited Q2 2020 consolidated financial statements, reflecting the adoption of the CECL accounting standard Financial Highlights (Q2 2020 vs Q2 2019) | Metric | Q2 2020 (In millions) | Q2 2019 (In millions) | Change | | :--- | :--- | :--- | :--- | | Total Assets | $16,471.4 | $14,219.6 (Avg) | +15.8% | | Total Deposits | $13,340.4 | $11,663.5 (as of 12/31/19) | +14.4% | | Net Loans Held for Investment | $9,886.4 | $8,857.7 (as of 12/31/19) | +11.6% | | Net Interest Income | $122.5 | $125.3 | -2.2% | | Net Income | $36.7 | $37.9 | -3.2% | | Diluted EPS | $0.57 | $0.59 | -3.4% | - The Company adopted the **Current Expected Credit Loss (CECL)** methodology on January 1, 2020, resulting in a **$24.1 million** cumulative-effect adjustment to retained earnings[32](index=32&type=chunk)[233](index=233&type=chunk) [Notes to Unaudited Consolidated Financial Statements](index=13&type=section&id=Notes%20to%20Unaudited%20Consolidated%20Financial%20Statements) This section details accounting policies and financial data, including CECL adoption and portfolio compositions [Management's Discussion and Analysis of Financial Condition and Results of Operations](index=58&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses financial performance, focusing on the impacts of the COVID-19 pandemic and CECL adoption - The company actively participated in the SBA's Paycheck Protection Program (PPP), approving over **11,400 applications** for approximately **$1.2 billion** as of July 17, 2020[258](index=258&type=chunk) - Under the CARES Act, the company granted loan modifications on approximately **1,300 loans totaling $409.1 million** to assist customers affected by COVID-19[259](index=259&type=chunk) Key Performance Metrics Comparison | Metric | Three Months Ended June 30, 2020 | Three Months Ended June 30, 2019 | | :--- | :--- | :--- | | Net Interest Income | $122.5 million | $125.3 million | | Provision for Credit Losses | $19.5 million | $3.8 million | | Net Income | $36.7 million | $37.9 million | | Net FTE Interest Margin | 3.52% | 4.08% | [Results of Operations](index=62&type=section&id=Results%20of%20Operations) Q2 2020 net income decreased slightly due to higher credit loss provisions, despite strong mortgage banking revenue - Net interest income **decreased by 2.2%** in Q2 2020, partially offset by **$8.6 million in interest income from PPP loans**[296](index=296&type=chunk) - The provision for credit losses **increased to $19.5 million** in Q2 2020, up from $3.8 million in Q2 2019, due to CECL adoption and the COVID-19 economic forecast[307](index=307&type=chunk) - Non-interest income **increased 5.6%** in Q2 2020, driven by a **57.8% surge in mortgage banking revenues** from high refinancing activity[309](index=309&type=chunk)[313](index=313&type=chunk) - Total non-interest expense **decreased 13.3%** in Q2 2020, mainly due to non-recurring acquisition-related expenses from the prior year[316](index=316&type=chunk) [Financial Condition](index=64&type=section&id=Financial%20Condition) Total assets and deposits grew significantly, driven by PPP loans, while asset quality remained strong - Total assets **increased by $1.8 billion (12.5%)** since December 31, 2019, primarily due to PPP loan originations and a surge in deposits[324](index=324&type=chunk) - The allowance for credit losses to loans **increased to 1.46%** from 0.82% at year-end 2019, or **1.66% excluding government-guaranteed PPP loans**[347](index=347&type=chunk)[349](index=349&type=chunk) - Total deposits **increased by $1.7 billion (14.4%)** since year-end 2019, with non-interest-bearing deposits growing by 29.2%[356](index=356&type=chunk)[357](index=357&type=chunk) - Non-performing assets to total assets **remained low at 0.39%**, consistent with the level at December 31, 2019[331](index=331&type=chunk) [Quantitative and Qualitative Disclosures about Market Risk](index=65&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20about%20Market%20Risk) No material changes in market risk disclosures occurred since the 2019 Annual Report on Form 10-K - There have been **no material changes** in market risk disclosures since the 2019 Annual Report on Form 10-K[373](index=373&type=chunk) [Controls and Procedures](index=65&type=section&id=Item%204.%20Controls%20and%20Procedures) Management concluded that disclosure controls and internal controls over financial reporting were effective - Management concluded that **disclosure controls and procedures were effective** as of June 30, 2020[375](index=375&type=chunk) - **No material changes** to internal control over financial reporting occurred during the second quarter of 2020[376](index=376&type=chunk) [Part II - Other Information](index=65&type=section&id=Part%20II%20-%20Other%20Information) [Legal Proceedings](index=66&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material changes in legal proceedings since the 2019 annual report - There have been **no material changes in legal proceedings** since the 2019 Annual Report[380](index=380&type=chunk) [Risk Factors](index=66&type=section&id=Item%201A.%20Risk%20Factors) This section highlights new and heightened risks posed by the uncertain impact of the COVID-19 pandemic - The primary updated risk factor is the uncertain and unpredictable impact of the **COVID-19 pandemic**, which could be materially adverse[381](index=381&type=chunk) - Specific pandemic risks include a potential global recession, **increased credit losses**, and **business disruptions** due to workforce unavailability[385](index=385&type=chunk)[388](index=388&type=chunk) [Unregistered Sales of Equity Securities and Use of Proceeds](index=67&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%20and%20Use%20of%20Proceeds) The company details stock repurchases during Q2 2020, with no shares bought under the public program Share Repurchases (Q2 2020) | Period | Total Shares Purchased | Average Price Paid Per Share | | :--- | :--- | :--- | | April 2020 | 221 | $27.71 | | May 2020 | 116 | $29.84 | | June 2020 | 145 | $31.24 | | **Total** | **482** | **$29.28** | - **No shares were purchased** as part of the publicly announced repurchase plan during the quarter; **1,445,300 shares** may yet be purchased under the plan[390](index=390&type=chunk) [Exhibits](index=68&type=section&id=Item%206.%20Exhibits) This section lists exhibits filed with the report, including indentures and required CEO/CFO certifications - Exhibits filed include indentures for the **5.25% Fixed-to-Floating Rate Subordinated Notes** due 2030 and required **CEO and CFO certifications**[393](index=393&type=chunk)[395](index=395&type=chunk)[396](index=396&type=chunk)

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Q2 2020 Earnings Conference Call July 28, 2020 11:00 AM ET Company Participants Lisa Slyter-Bray - Executive Assistant Kevin Riley - President, CEO & Director Marcy Mutch - EVP & CFO Conference Call Participants Jared Shaw - Wells Fargo Securities Gordon McGuire - Stephens Inc. Matthew Clark - Piper Sandler & Co. Jackie Bohlen - KBW Levi Posen - D.A. Davidson & Co. Garrett Holland - Robert W. Baird & Co. Operator Good day, and welcome to the First Interstate B ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION ☒Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March 31, 2020 OR ☐ Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the transition period from to | --- | --- | |------------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------| | Washing ...

First Interstate BancSystem, Inc. (NASDAQ:FIBK) Q1 2020 Earnings Conference Call May 1, 2020 11:00 AM ET Company Participants Lisa Slyter-Bray - Investor Relations Kevin Riley - President, Chief Executive Officer Marcy Mutch - Executive Vice President, Chief Financial Officer Conference Call Participants Jared Shaw - Wells Fargo Securities Jeff Rulis - D.A. Davidson Jackie Bohlen - KBW Gordon McGuire - Stephens Matthew Clark - Piper Sandler Garrett Holland - Baird Operator Good day and welcome to the First ...

Investor Presentation April 2020 First Interstate BancSystem Safe Harbor This presentation contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Rule 175 promulgated thereunder, and Section 21E of the Securities Exchange Act of 1934, as amended, and Rule 3b-6 promulgated thereunder, that involve inherent risks and uncertainties. Any statements about our plans, objectives, expectations, strategies, beliefs, or future performance or events const ...