First National Bank Alaska announces unaudited results for fourth quarter 2025
Rhea-AI Summary
First National Bank Alaska (OTCQX:FBAK) reported unaudited Q4 2025 results showing quarterly net income of $20.1 million ($6.33 per share) and year-to-date net income of $77.54 million. Total assets were $5.1 billion, loans totaled $2.712 billion, and shareholders' equity was $569.2 million. Net interest margin rose to 3.82% and return on equity was 14.16%. The bank recorded a fourth-quarter provision for credit losses of $2.2 million and an allowance for credit losses of $21.45 million (0.79% of loans).
Positive
- Year-to-date net income of $77.54 million (record high)
- Total assets exceeded $5.1 billion as of Dec. 31, 2025
- Loans increased $242.0 million year-over-year to $2.711964 billion
- Net interest margin improved to 3.82% (from 3.12% a year earlier)
- Shareholders' equity rose $52.7 million year-to-date to $569.246 million
Negative
- Provision for credit losses increased to $4.811 million year-to-date (from $0.721 million)
- Nonperforming loans rose to $10.636 million (0.39% of loans)
- Noninterest operating expense increased $2.0 million, or 7.3%, versus prior year quarter
- Deposits and repurchase agreements decreased $138.8 million during Q4 2025 (seasonal outflow)
News Market Reaction
On the day this news was published, FBAK gained 0.25%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
ANCHORAGE, Alaska, Feb. 03, 2026 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the fourth quarter of 2025 was
“Fourth quarter results capped another year of exceptional financial performance,” said First National Board Chair and CEO/President Betsy Lawer. “Total assets exceeded five billion dollars, driven by record annual loan growth that strengthened our earning asset mix. Fourth quarter interest income continued the positive trend across the year. These factors, combined with robust noninterest income growth and outstanding expense management, pushed net income to a record high in 2025.
“This outstanding performance in 2025 once again clearly demonstrated the skilled and strong guidance of our board and management team, and the hard work and dedication of more than 600 First National employees to help shape a brighter tomorrow for our customers and all Alaskans.”
Assets totaled
Loans totaled
Interest and fees on loans in the fourth quarter were
Total interest expense for the fourth quarter was
Net interest margin through Dec. 31, 2025, increased to
Noninterest operating income for fourth quarter 2025 was
The efficiency ratio for Dec. 31, 2025, was
Shareholders’ equity was
Alaska’s community bank since 1922, First National Bank Alaska proudly meets the financial needs of Alaskans with ATMs and 28 locations in 19 communities throughout the state, and by providing banking services to meet their needs across the nation and around the world.
For more than a century, the bank has been committed to supporting the communities it serves. In 2024, for the eighth consecutive reporting period, over a span of twenty-four years, First National received an Outstanding Community Reinvestment Act performance rating from the Office of the Comptroller of the Currency.
In 2025, Alaska Business readers voted First National “Best of Alaska Business” in the Best Place to Work category for the 10th year in a row, Best Bank/Credit Union for the fifth time, and Best Customer Service for the second year in a row. Forbes also selected First National as the sixth best bank on their America’s Best Banks list and one of the top two Banks in the State. In 2025, American Banker recognized First National as a “Best Bank to Work For” for the eighth year in a row. The bank was also voted “Best of Alaska” in the Anchorage Daily News awards, ranking as one of the top three in the Bank/Financial category for the seventh consecutive year. Newsweek recognized the bank as one of the nation’s 2026 Best Regional Banks and Credit Unions for the second year in a row.
First National Bank Alaska is a Member FDIC, Equal Housing Lender, and is recognized as a Minority Depository Institution by the Office of the Comptroller of the Currency, as it is majority-owned by women.
Contact Corporate Communications
907-777-3409
| Financial Overview (Unaudited) | |||||||||||||||
| ($ in thousands, except per common share amounts) | |||||||||||||||
| Three months ended | Year ended | ||||||||||||||
| Dec. 31, | Sep. 30, | Dec. 31, | December 31, | ||||||||||||
| 2025 | 2025 | 2024 | 2025 | 2024 | |||||||||||
| Income Statement | |||||||||||||||
| Total Interest And Loan Fee Income | $ | 63,009 | $ | 60,726 | $ | 63,263 | $ | 236,597 | $ | 243,654 | |||||
| Total Interest Expense | $ | 11,853 | $ | 12,155 | $ | 18,591 | $ | 47,806 | $ | 77,599 | |||||
| Provision (Benefit) for Credit Losses | $ | 2,209 | $ | 436 | $ | (118 | ) | $ | 4,811 | $ | 721 | ||||
| Total Noninterest Operating Income | $ | 7,203 | $ | 7,596 | $ | 7,178 | $ | 29,072 | $ | 28,282 | |||||
| Net Gains on Investment Securities | $ | - | $ | - | $ | 10 | $ | - | $ | 417 | |||||
| Total Noninterest Expense | $ | 29,725 | $ | 26,802 | $ | 27,696 | $ | 108,944 | $ | 104,346 | |||||
| Provision for Income Taxes | $ | 6,362 | $ | 7,570 | $ | 4,350 | $ | 26,569 | $ | 22,839 | |||||
| Net Income | $ | 20,063 | $ | 21,359 | $ | 19,931 | $ | 77,539 | $ | 67,048 | |||||
| Earnings per common share | $ | 6.33 | $ | 6.75 | $ | 6.29 | $ | 24.48 | $ | 21.17 | |||||
| Dividend per common share | $ | 8.00 | $ | 4.00 | $ | 6.40 | $ | 20.00 | $ | 16.00 | |||||
| Financial Overview (Unaudited) | Quarter Ended | ||||||||||||||
| 12/31/2025 | 9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | |||||||||||
| Balance Sheet | |||||||||||||||
| Total Assets | $ | 5,099,945 | $ | 5,243,993 | $ | 4,923,803 | $ | 4,890,081 | $ | 4,997,767 | |||||
| Total Securities | $ | 1,989,022 | $ | 2,002,118 | $ | 1,859,645 | $ | 1,882,332 | $ | 1,928,625 | |||||
| Total Loans | $ | 2,711,964 | $ | 2,590,699 | $ | 2,591,713 | $ | 2,607,081 | $ | 2,469,935 | |||||
| Total Deposits | $ | 3,734,714 | $ | 3,808,022 | $ | 3,586,204 | $ | 3,580,147 | $ | 3,679,155 | |||||
| Repurchase Agreements | $ | 739,103 | $ | 804,589 | $ | 731,808 | $ | 716,908 | $ | 743,193 | |||||
| Total Deposits and Repurchase Agreements | $ | 4,473,817 | $ | 4,612,611 | $ | 4,318,012 | $ | 4,297,055 | $ | 4,422,348 | |||||
| Total Borrowing under the Federal Reserve Bank Term Funding Program | $ | 15,000 | $ | 15,000 | $ | 15,000 | $ | 15,000 | $ | 15,000 | |||||
| Unrealized loss on marketable securities, net of tax | $ | (24,502 | ) | $ | (31,296 | ) | $ | (40,193 | ) | $ | (49,465 | ) | $ | (62,985 | ) |
| Total Shareholders' Equity | $ | 569,246 | $ | 567,724 | $ | 550,135 | $ | 535,148 | $ | 516,562 | |||||
| Financial Measures | |||||||||||||||
| Return on Assets | 1.53 | % | 1.53 | % | 1.46 | % | 1.42 | % | 1.22 | % | |||||
| Return on Equity | 14.16 | % | 14.13 | % | 13.53 | % | 13.49 | % | 13.60 | % | |||||
| Net Interest Margin | 3.82 | % | 3.76 | % | 3.69 | % | 3.63 | % | 3.12 | % | |||||
| Interest Income to Average Earning Assets | 4.78 | % | 4.74 | % | 4.67 | % | 4.61 | % | 4.57 | % | |||||
| Interest Expense to Average Earning Assets | 0.96 | % | 0.98 | % | 0.98 | % | 0.98 | % | 1.45 | % | |||||
| Efficiency Ratio | 49.86 | % | 49.52 | % | 50.58 | % | 49.70 | % | 53.51 | % | |||||
| Capital | |||||||||||||||
| Shareholders' Equity/Total Assets | 11.16 | % | 10.83 | % | 11.17 | % | 10.94 | % | 10.34 | % | |||||
| Tier 1 Leverage Ratio | 11.27 | % | 11.70 | % | 11.95 | % | 11.72 | % | 10.54 | % | |||||
| Regulatory Well Capitalized Minimum Ratio - Tier 1 Leverage Ratio | 5.00 | % | 5.00 | % | 5.00 | % | 5.00 | % | 5.00 | % | |||||
| Tier 1 (Core) Capital | $ | 593,748 | $ | 599,020 | $ | 590,328 | $ | 584,613 | $ | 579,547 | |||||
| Credit Quality | |||||||||||||||
| Nonperforming Loans and OREO | $ | 10,636 | $ | 10,847 | $ | 9,802 | $ | 4,243 | $ | 4,313 | |||||
| Nonperforming Loans and OREO/Total Loans | 0.39 | % | 0.42 | % | 0.38 | % | 0.16 | % | 0.17 | % | |||||
| Nonperforming Loans and OREO/Tier 1 Capital | 1.79 | % | 1.81 | % | 1.66 | % | 0.73 | % | 0.74 | % | |||||
| Allowance for Credit Losses | $ | 21,450 | $ | 20,100 | $ | 20,025 | $ | 19,500 | $ | 18,025 | |||||
| Allowance for Credit Losses/Total Loans | 0.79 | % | 0.78 | % | 0.77 | % | 0.75 | % | 0.73 | % | |||||
| Net interest margin, yields, and efficiency ratios are tax effected. | |||||||||||||||
| Financial measures are year-to-date. | |||||||||||||||
FAQ
What did First National Bank Alaska (FBAK) report for net income in Q4 2025?
How did First National Bank Alaska's balance sheet change as of Dec. 31, 2025 (FBAK)?
What drove First National Bank Alaska's improved net interest margin and yields in 2025 (FBAK)?
What credit quality trends did First National Bank Alaska report for Q4 2025 (FBAK)?
How did First National Bank Alaska's capital and shareholder metrics perform at year-end 2025 (FBAK)?
