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Side-by-side financial comparison of FIRST INTERSTATE BANCSYSTEM INC (FIBK) and Mid-America Apartment Communities (MAA). Click either name above to swap in a different company.
Mid-America Apartment Communities is the larger business by last-quarter revenue ($553.7M vs $313.0M, roughly 1.8× FIRST INTERSTATE BANCSYSTEM INC). On growth, Mid-America Apartment Communities posted the faster year-over-year revenue change (438.7% vs 19.8%). Over the past eight quarters, FIRST INTERSTATE BANCSYSTEM INC's revenue compounded faster (13.7% CAGR vs 0.7%).
First Interstate BancSystem, Inc. is a financial holding company headquartered in Billings, Montana. It is the parent company of First Interstate Bank, a community bank with locations throughout 14 states within the Western and Midwestern United States. It is the largest bank based in Montana, as measured by total assets.
Mid-America Apartment Communities, Inc. (MAA) is a publicly traded real estate investment trust based in Memphis, Tennessee that invests in apartments in the Southeastern United States and the Southwestern United States.
FIBK vs MAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $313.0M | $553.7M |
| Net Profit | $108.8M | — |
| Gross Margin | — | — |
| Operating Margin | 44.5% | — |
| Net Margin | 34.8% | — |
| Revenue YoY | 19.8% | 438.7% |
| Net Profit YoY | 108.8% | — |
| EPS (diluted) | $1.07 | $4.34 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $553.7M | ||
| Q4 25 | $313.0M | $555.6M | ||
| Q3 25 | $250.5M | $554.4M | ||
| Q2 25 | $248.3M | $549.9M | ||
| Q1 25 | $247.0M | $549.3M | ||
| Q4 24 | $261.3M | $549.8M | ||
| Q3 24 | $251.9M | $551.1M | ||
| Q2 24 | $244.3M | $546.4M |
| Q1 26 | — | — | ||
| Q4 25 | $108.8M | $57.6M | ||
| Q3 25 | $71.4M | $99.5M | ||
| Q2 25 | $71.7M | $108.1M | ||
| Q1 25 | $50.2M | $181.7M | ||
| Q4 24 | $52.1M | $166.6M | ||
| Q3 24 | $55.5M | $115.2M | ||
| Q2 24 | $60.0M | $102.0M |
| Q1 26 | — | — | ||
| Q4 25 | 44.5% | 10.4% | ||
| Q3 25 | 37.0% | 18.7% | ||
| Q2 25 | 37.7% | 20.2% | ||
| Q1 25 | 26.9% | 34.0% | ||
| Q4 24 | 25.5% | 31.3% | ||
| Q3 24 | 28.9% | 21.5% | ||
| Q2 24 | 32.1% | 19.3% |
| Q1 26 | — | — | ||
| Q4 25 | 34.8% | 10.4% | ||
| Q3 25 | 28.5% | 18.0% | ||
| Q2 25 | 28.9% | 19.7% | ||
| Q1 25 | 20.3% | 33.1% | ||
| Q4 24 | 19.9% | 30.3% | ||
| Q3 24 | 22.0% | 20.9% | ||
| Q2 24 | 24.6% | 18.7% |
| Q1 26 | — | $4.34 | ||
| Q4 25 | $1.07 | $0.48 | ||
| Q3 25 | $0.69 | $0.84 | ||
| Q2 25 | $0.69 | $0.92 | ||
| Q1 25 | $0.49 | $1.54 | ||
| Q4 24 | $0.50 | $1.43 | ||
| Q3 24 | $0.54 | $0.98 | ||
| Q2 24 | $0.58 | $0.86 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | $146.3M | — |
| Stockholders' EquityBook value | $3.4B | — |
| Total Assets | $26.6B | — |
| Debt / EquityLower = less leverage | 0.04× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | — | $60.3M | ||
| Q3 25 | — | $32.2M | ||
| Q2 25 | — | $54.5M | ||
| Q1 25 | — | $55.8M | ||
| Q4 24 | — | $43.0M | ||
| Q3 24 | — | $50.2M | ||
| Q2 24 | — | $62.8M |
| Q1 26 | — | — | ||
| Q4 25 | $146.3M | — | ||
| Q3 25 | $146.2M | — | ||
| Q2 25 | $252.0M | — | ||
| Q1 25 | — | — | ||
| Q4 24 | $132.2M | — | ||
| Q3 24 | $137.3M | — | ||
| Q2 24 | $383.4M | — |
| Q1 26 | — | — | ||
| Q4 25 | $3.4B | $5.7B | ||
| Q3 25 | $3.4B | $5.8B | ||
| Q2 25 | $3.4B | $5.9B | ||
| Q1 25 | $3.4B | $5.9B | ||
| Q4 24 | $3.3B | $5.9B | ||
| Q3 24 | $3.4B | $5.9B | ||
| Q2 24 | $3.2B | $6.0B |
| Q1 26 | — | — | ||
| Q4 25 | $26.6B | $12.0B | ||
| Q3 25 | $27.3B | $11.9B | ||
| Q2 25 | $27.6B | $11.8B | ||
| Q1 25 | $28.3B | $11.8B | ||
| Q4 24 | $29.1B | $11.8B | ||
| Q3 24 | $29.6B | $11.8B | ||
| Q2 24 | $30.3B | $11.6B |
| Q1 26 | — | — | ||
| Q4 25 | 0.04× | — | ||
| Q3 25 | 0.04× | — | ||
| Q2 25 | 0.07× | — | ||
| Q1 25 | — | — | ||
| Q4 24 | 0.04× | — | ||
| Q3 24 | 0.04× | — | ||
| Q2 24 | 0.12× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $305.6M | — |
| Free Cash FlowOCF − Capex | — | — |
| FCF MarginFCF / Revenue | — | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | 2.81× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $305.6M | $261.7M | ||
| Q3 25 | $91.7M | $266.4M | ||
| Q2 25 | $68.1M | $353.4M | ||
| Q1 25 | $78.5M | $196.6M | ||
| Q4 24 | $355.0M | $239.1M | ||
| Q3 24 | $89.9M | $309.5M | ||
| Q2 24 | $82.3M | $349.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $158.6M | ||
| Q3 25 | — | $170.8M | ||
| Q2 25 | — | $264.5M | ||
| Q1 25 | — | $124.0M | ||
| Q4 24 | — | $152.6M | ||
| Q3 24 | — | $215.5M | ||
| Q2 24 | — | $259.7M |
| Q1 26 | — | — | ||
| Q4 25 | — | 28.5% | ||
| Q3 25 | — | 30.8% | ||
| Q2 25 | — | 48.1% | ||
| Q1 25 | — | 22.6% | ||
| Q4 24 | — | 27.8% | ||
| Q3 24 | — | 39.1% | ||
| Q2 24 | — | 47.5% |
| Q1 26 | — | — | ||
| Q4 25 | — | 18.6% | ||
| Q3 25 | — | 17.2% | ||
| Q2 25 | — | 16.2% | ||
| Q1 25 | — | 13.2% | ||
| Q4 24 | — | 15.7% | ||
| Q3 24 | — | 17.1% | ||
| Q2 24 | — | 16.4% |
| Q1 26 | — | — | ||
| Q4 25 | 2.81× | 4.55× | ||
| Q3 25 | 1.28× | 2.68× | ||
| Q2 25 | 0.95× | 3.27× | ||
| Q1 25 | 1.56× | 1.08× | ||
| Q4 24 | 6.81× | 1.43× | ||
| Q3 24 | 1.62× | 2.69× | ||
| Q2 24 | 1.37× | 3.43× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
FIBK
Segment breakdown not available.
MAA
| Same Store Communities | $517.0M | 93% |
| Non-Same Store Communities | $22.1M | 4% |
| Lease-up/Development Communities | $7.7M | 1% |
| Commercial Property/Land | $7.0M | 1% |
