First National Stock Price, News & Analysis

First National Bank Alaska (OTCQX:FBAK) has achieved significant recognition from Bank Director magazine, ranking as the 10th best bank nationally and 3rd best among banks with assets under $5 billion. The evaluation was based on return on equity, return on assets, asset quality, and capital adequacy.

The bank has garnered multiple accolades in 2024-2025, including being named the 6th best bank by Forbes, receiving recognition from Newsweek as one of the nation's Best Regional Banks, and maintaining an Outstanding Community Reinvestment Act rating for eight consecutive reporting periods. With 28 locations across 19 Alaskan communities and 621 employees, First National continues its century-long tradition of serving Alaska's financial needs since 1922.

First National Bank Alaska (OTCQX:FBAK) reported strong Q1 2025 results with net income of $17.7 million ($5.60 per share), up from $13.5 million ($4.26 per share) in Q1 2024. Loans increased by $137.1 million to $2.6 billion, with excellent loan quality shown by low nonperforming loans at 0.16%. The bank's net interest margin improved to 3.63% from 2.76% year-over-year, while deposits and repurchase agreements totaled $4.3 billion. The efficiency ratio remained strong at 49.70%, outperforming peer groups. Shareholders' equity rose to $535.1 million, with book value per share increasing to $168.98. The bank maintains a well-capitalized position with a Tier 1 leverage ratio of 11.72%.

First National Bank Alaska (FBAK) has announced its second quarter 2025 dividend. The company's Board of Directors has declared a cash dividend of $4.00 per share. The dividend will be payable on June 15, 2025, and distributed on June 16, 2025, to shareholders of record as of June 1, 2025.

First National Bank Alaska (OTCQX:FBAK) has released corrected unaudited results for Q4 and full year 2024. The bank reported Q4 2024 net income of $19.9 million ($6.29 per share), up from $16.6 million ($5.24 per share) in Q4 2023.

Key highlights include:

• Loans totaled $2.5 billion as of Dec. 31, 2024, increasing by $196.6 million year-over-year
• Strong loan quality with nonperforming loans at $4.3 million (0.17% of outstanding loans)
• Q4 interest and loan fee income reached $63.4 million, up 6.2% year-over-year
• Total assets were $5.0 billion, with deposits and repurchase agreements at $4.4 billion
• Net interest margin improved to 3.12% from 2.82% year-over-year

The bank maintained strong capital positions with shareholders' equity at $516.6 million and a Tier 1 leverage capital ratio of 10.54%. Book value per share increased to $163.11 from $146.77 year-over-year.

First National Bank Alaska (OTCQX:FBAK) reported strong Q4 2024 financial results with net income of $19.9 million ($6.29 per share), up from $16.6 million ($5.24 per share) in Q4 2023. Loans grew to $2.5 billion, increasing by $196.6 million year-over-year, with strong loan quality showing nonperforming loans at just 0.17%. Interest and loan fee income rose 6.2% to $63.4 million, with loan yield increasing to 6.67%.

Total assets were $5.0 billion, with deposits and repurchase agreements at $4.4 billion. The net interest margin improved to 3.12% from 2.82% year-over-year. Noninterest income grew 7.5% to $7.0 million, while noninterest expenses increased 12.4% due to higher salaries and benefits. Shareholders' equity reached $516.6 million, with book value per share rising to $163.11.

First National Bank Alaska (FBAK) has been ranked sixth among America's Best Banks by Forbes, standing as the only Alaskan bank to make the prestigious top ten list. The ranking, announced on February 10, 2025, evaluated banks across 11 metrics, including growth, credit quality, profitability, and stock performance.

The bank, serving Alaska since 1922, operates 28 locations across 19 communities statewide. In 2024, FBAK received multiple accolades, including 'Best of Alaska Business' awards for Best Place to Work (ninth consecutive year), Best Bank/Credit Union (fourth consecutive year), and Best Customer Service. The bank also maintained its Outstanding Community Reinvestment Act rating for the eighth consecutive reporting period over 24 years.

As a Minority Depository Institution due to its majority women ownership, FBAK employs over 600 local staff and continues its century-long commitment to supporting Alaskan communities.

First National Bank Alaska (FBAK) has announced its dividend declaration for the first quarter of 2025. The company's Board of Directors has declared a cash dividend of $4.00 per share. The dividend will be payable on March 17, 2025, to shareholders who are on record as of February 28, 2025. The decision was made during the Board of Directors Meeting held on January 30, 2025.

First National Bank Alaska (OTCQX:FBAK) reported Q3 2024 net income of $18.0 million, or $5.68 per share, up from $15.5 million ($4.90 per share) in Q3 2023. Total loans increased by $127.1 million year-over-year, with strong loan quality showing only 0.07% delinquency rate. Interest and loan fee income rose 15.8% to $64.6 million, while total assets reached $5.6 billion. The bank's net interest margin improved to 3.04% from 2.78% year-over-year, with shareholders' equity increasing to $527.9 million from $423.3 million. The efficiency ratio remained strong at 53.59%, outperforming peer groups.

First National Bank Alaska (OTCQX:FBAK) has announced two dividend payments for the fourth quarter. The regular cash dividend of $3.20 per share will be paid to shareholders of record as of December 1, 2024, with distribution on December 16, 2024. Additionally, a special cash dividend of $3.20 per share was declared for shareholders of record as of December 1, 2024, with payment and distribution set for December 19, 2024. Both decisions were made during the Board of Directors meeting on October 31, 2024.