First National Bank Alaska announces unaudited results for second quarter 2025
First National Bank Alaska (OTCQX:FBAK) reported strong Q2 2025 financial results with net income of $18.4 million, or $5.80 per share, up from $15.6 million ($4.94 per share) in Q2 2024. The bank achieved a Return on Assets of 1.46% and an improved net interest margin of 3.69%.
Total loans reached $2.6 billion, increasing by $200.1 million year-over-year. The bank maintained strong asset quality with nonperforming loans at 0.38% of outstanding loans. Total assets were $4.9 billion, with shareholders' equity increasing to $550.1 million from $485.2 million in the previous year. The bank's efficiency ratio improved to 50.58%, outperforming both Alaska and national peer groups.
The bank's Tier 1 leverage capital ratio of 11.95% remains well above regulatory requirements, while book value per share increased to $173.71 from $153.20 year-over-year.
First National Bank Alaska (OTCQX:FBAK) ha comunicato solidi risultati finanziari nel secondo trimestre 2025 con un utile netto di 18,4 milioni di dollari, pari a 5,80 dollari per azione, rispetto a 15,6 milioni (4,94 dollari per azione) nel Q2 2024. La banca ha registrato un rendimento delle attività (ROA) del 1,46% e un margine d'interesse netto migliorato al 3,69%.
I prestiti totali sono saliti a 2,6 miliardi di dollari, con un incremento di 200,1 milioni rispetto all'anno precedente. La qualità degli attivi è rimasta solida: i crediti in sofferenza rappresentano lo 0,38% dei prestiti in essere. Le attività totali ammontano a 4,9 miliardi di dollari, mentre il patrimonio netto è salito a 550,1 milioni da 485,2 milioni dell'anno precedente. Il rapporto di efficienza è migliorato al 50,58%, sovraperformando i gruppi di pari in Alaska e a livello nazionale.
Il rapporto di capitale Tier 1 leverage della banca del 11,95% resta ben al di sopra dei requisiti normativi, mentre il valore contabile per azione è salito a 173,71 dollari da 153,20 anno su anno.
First National Bank Alaska (OTCQX:FBAK) presentó sólidos resultados financieros en el segundo trimestre de 2025, con un beneficio neto de 18,4 millones de dólares, o 5,80 dólares por acción, frente a 15,6 millones (4,94 dólares por acción) en el Q2 de 2024. El banco alcanzó un retorno sobre activos del 1,46% y mejoró su margen de interés neto hasta el 3,69%.
Los préstamos totales llegaron a 2,6 mil millones de dólares, un aumento de 200,1 millones interanual. Mantuvo una sólida calidad de activos, con préstamos no productivos en el 0,38% del total. Los activos totales sumaron 4,9 mil millones de dólares y el patrimonio de los accionistas aumentó a 550,1 millones desde 485,2 millones del año anterior. La ratio de eficiencia mejoró al 50,58%, superando a los grupos comparables de Alaska y a nivel nacional.
El ratio de apalancamiento Tier 1 del banco del 11,95% sigue claramente por encima de los requisitos regulatorios, mientras que el valor contable por acción subió a 173,71 dólares desde 153,20 año a año.
First National Bank Alaska (OTCQX:FBAK)는 2025년 2분기에 순이익 18.4백만 달러(주당 5.80달러)를 보고했으며, 이는 2024년 2분기의 15.6백만 달러(주당 4.94달러)에서 증가한 수치입니다. 은행은 총자산이익률(ROA) 1.46%를 기록했으며 순이자마진은 3.69%로 개선되었습니다.
총 대출금은 26억 달러로 전년 동기 대비 200.1백만 달러 증가했습니다. 자산 건전성은 견조하게 유지되어 부실대출 비율은 전체 대출의 0.38%였습니다. 총자산은 49억 달러였고, 자기자본은 전년의 485.2백만 달러에서 550.1백만 달러로 증가했습니다. 효율성 비율은 50.58%로 개선되어 알래스카 및 전국 비교그룹을 상회했습니다.
은행의 Tier 1 레버리지 자본비율은 11.95%로 규제 기준을 훨씬 상회하며, 주당 장부가는 전년의 153.20달러에서 173.71달러로 상승했습니다.
First National Bank Alaska (OTCQX:FBAK) a publié de solides résultats pour le 2e trimestre 2025 avec un bénéfice net de 18,4 millions de dollars, soit 5,80 $ par action, contre 15,6 millions (4,94 $ par action) au T2 2024. La banque a affiché un rendement des actifs (ROA) de 1,46% et une marge d'intérêt nette améliorée de 3,69%.
Les prêts totaux ont atteint 2,6 milliards de dollars, en hausse de 200,1 millions par rapport à l'année précédente. La qualité des actifs est restée solide, les prêts non performants représentant 0,38% des prêts en cours. Les actifs totaux s'établissent à 4,9 milliards de dollars, et les capitaux propres ont augmenté à 550,1 millions contre 485,2 millions l'an passé. Le ratio d'efficacité s'est amélioré à 50,58%, dépassant les pairs de l'Alaska et nationaux.
Le ratio Tier 1 leverage de la banque de 11,95% reste largement supérieur aux exigences réglementaires, tandis que la valeur comptable par action est passée à 173,71 $ contre 153,20 $ sur un an.
First National Bank Alaska (OTCQX:FBAK) meldete für das zweite Quartal 2025 starke Ergebnisse mit einem Nettoergebnis von 18,4 Mio. USD, bzw. 5,80 USD je Aktie, nach 15,6 Mio. USD (4,94 USD/Aktie) im Q2 2024. Die Bank erzielte eine Rendite der Aktiva (ROA) von 1,46% und eine verbesserte Nettozinsmarge von 3,69%.
Die Gesamtkredite erreichten 2,6 Mrd. USD, ein Anstieg um 200,1 Mio. USD gegenüber dem Vorjahr. Die Vermögensqualität blieb stark: notleidende Kredite lagen bei 0,38% der ausstehenden Kredite. Die Gesamtaktiva beliefen sich auf 4,9 Mrd. USD, das Eigenkapital stieg auf 550,1 Mio. USD gegenüber 485,2 Mio. USD im Vorjahr. Die Cost-Income-Ratio verbesserte sich auf 50,58% und übertraf damit sowohl die Vergleichsgruppen in Alaska als auch national.
Die Tier-1-Leverage-Kapitalquote der Bank von 11,95% liegt deutlich über den regulatorischen Anforderungen, und der Buchwert je Aktie stieg von 153,20 USD auf 173,71 USD im Jahresvergleich.
- Net income increased to $18.4 million from $15.6 million year-over-year
- Return on Assets improved to 1.46%, showing five consecutive quarters of growth
- Net interest margin expanded significantly to 3.69% from 2.98%
- Loan portfolio grew by $200.1 million year-over-year
- Shareholders' equity increased by $64.9 million to $550.1 million
- Strong efficiency ratio of 50.58%, better than peer groups
- Book value per share grew to $173.71 from $153.20
- Nonperforming loans increased by $5.1 million year-over-year
- Provision for credit losses increased to $2.2 million from $1.3 million
- Total assets decreased by $192.3 million compared to June 2024
- Noninterest expenses increased $1.4 million due to rising healthcare costs
ANCHORAGE, Alaska, Aug. 08, 2025 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the second quarter of 2025 was
“Return on Assets is
Loans totaled
Total interest and loan fee income in the second quarter was
Assets totaled
Total interest expense for the second quarter was
Noninterest operating income for second quarter 2025 was
Shareholders’ equity was
ABOUT FIRST NATIONAL BANK ALASKA
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. That year, 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, and Newsweek recognized the bank as one of the nation’s Best Regional Banks and Credit Unions. The bank was also voted “Best of Alaska” in 2024 in the Anchorage Daily News awards, ranking as one of the top three in the Bank/Financial category for the sixth year in a row. American Banker again recognized First National as a “Best Bank to Work For” in 2024, for the seventh consecutive year.
First National Bank Alaska is a Member FDIC, Equal Housing Lender, and 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) | Quarter Ended ($ in thousands) | |||||||||||||||
| 6/30/2025 | 3/31/2025 | 12/31/2024 | 9/30/2024 | 6/30/2024 | ||||||||||||
| Balance Sheet | ||||||||||||||||
| Total Assets | $ | 4,923,803 | $ | 4,890,081 | $ | 4,997,767 | $ | 5,557,306 | $ | 5,116,066 | ||||||
| Total Securities | $ | 1,859,645 | $ | 1,882,332 | $ | 1,928,625 | $ | 2,602,519 | $ | 2,197,788 | ||||||
| Total Loans | $ | 2,591,713 | $ | 2,607,081 | $ | 2,469,935 | $ | 2,445,596 | $ | 2,391,593 | ||||||
| Total Deposits | $ | 3,586,204 | $ | 3,580,147 | $ | 3,679,155 | $ | 3,728,181 | $ | 3,698,631 | ||||||
| Repurchase Agreements | $ | 731,808 | $ | 716,908 | $ | 743,193 | $ | 647,043 | $ | 615,096 | ||||||
| Total Deposits and Repurchase Agreements | $ | 4,318,012 | $ | 4,297,055 | $ | 4,422,348 | $ | 4,375,224 | $ | 4,313,727 | ||||||
| Total Borrowing under the Federal Reserve Bank Term Funding Program | $ | - | $ | - | $ | - | $ | 249,868 | $ | 249,868 | ||||||
| Unrealized Loss on Marketable Securities, Net of Tax | $ | (40,193 | ) | $ | (49,465 | ) | $ | (62,985 | ) | $ | (52,020 | ) | $ | (86,857 | ) | |
| Total Shareholders' Equity | $ | 550,135 | $ | 535,148 | $ | 516,562 | $ | 527,864 | $ | 485,167 | ||||||
| Income Statement | ||||||||||||||||
| Total Interest and Loan Fee Income | $ | 56,999 | $ | 55,863 | $ | 63,262 | $ | 64,421 | $ | 56,593 | ||||||
| Total Interest Expense | $ | 11,842 | $ | 11,956 | $ | 18,591 | $ | 21,319 | $ | 16,521 | ||||||
| Provision for Credit Losses | $ | 631 | $ | 1,535 | $ | (118 | ) | $ | (432 | ) | $ | 318 | ||||
| Total Noninterest Operating Income | $ | 7,363 | $ | 6,910 | $ | 7,178 | $ | 7,487 | $ | 7,361 | ||||||
| Net Gains on Investment Securities | $ | - | $ | - | $ | 10 | $ | - | $ | 208 | ||||||
| Total Noninterest Expense | $ | 27,083 | $ | 25,334 | $ | 27,696 | $ | 25,928 | $ | 25,637 | ||||||
| Provision for Income Taxes | $ | 6,423 | $ | 6,214 | $ | 4,350 | $ | 7,099 | $ | 6,039 | ||||||
| Net Income | $ | 18,383 | $ | 17,734 | $ | 19,931 | $ | 17,994 | $ | 15,647 | ||||||
| Earnings per Common Share | $ | 5.80 | $ | 5.60 | $ | 6.29 | $ | 5.68 | $ | 4.94 | ||||||
| Dividend per Common Share | $ | 4.00 | $ | 4.00 | $ | 6.40 | $ | 3.20 | $ | 3.20 | ||||||
| Financial Measures | ||||||||||||||||
| Return on Assets | 1.46 | % | 1.42 | % | 1.22 | % | 1.15 | % | 1.08 | % | ||||||
| Return on Equity | 13.53 | % | 13.49 | % | 13.60 | % | 12.90 | % | 12.30 | % | ||||||
| Net Interest Margin | 3.69 | % | 3.63 | % | 3.12 | % | 3.04 | % | 2.98 | % | ||||||
| Interest Income to Average Earning Assets | 4.67 | % | 4.61 | % | 4.57 | % | 4.51 | % | 4.40 | % | ||||||
| Interest Expense to Average Earning Assets | 0.98 | % | 0.98 | % | 1.45 | % | 1.47 | % | 1.42 | % | ||||||
| Efficiency Ratio | 50.58 | % | 49.70 | % | 53.51 | % | 53.59 | % | 54.94 | % | ||||||
| Capital | ||||||||||||||||
| Shareholders' Equity/Total Assets | 11.17 | % | 10.94 | % | 10.34 | % | 9.50 | % | 9.48 | % | ||||||
| Tier 1 Leverage Ratio | 11.95 | % | 11.72 | % | 10.54 | % | 10.39 | % | 11.12 | % | ||||||
| Regulatory Well Capitalized Minimum Ratio - Tier 1 Leverage Ratio | 5.00 | % | 5.00 | % | 5.00 | % | 5.00 | % | 5.00 | % | ||||||
| Tier 1 (Core) Capital | $ | 590,328 | $ | 584,613 | $ | 579,547 | $ | 579,884 | $ | 572,024 | ||||||
| Credit Quality | ||||||||||||||||
| Nonperforming Loans and OREO | $ | 9,802 | $ | 4,243 | $ | 4,313 | $ | 4,186 | $ | 4,731 | ||||||
| Nonperforming Loans and OREO/Total Loans | 0.38 | % | 0.16 | % | 0.17 | % | 0.17 | % | 0.20 | % | ||||||
| Nonperforming Loans and OREO/Tier 1 Capital | 1.66 | % | 0.73 | % | 0.74 | % | 0.72 | % | 0.83 | % | ||||||
| Allowance for Loan Losses | $ | 20,025 | $ | 19,500 | $ | 18,025 | $ | 18,550 | $ | 19,000 | ||||||
| Allowance for Loan Losses/Total Loans | 0.77 | % | 0.75 | % | 0.73 | % | 0.76 | % | 0.79 | % | ||||||
| Net interest margin, yields, and efficiency ratios are tax effected. | ||||||||||||||||
| Financial measures are year-to-date. | ||||||||||||||||
| Per common share amounts are not in thousands. | ||||||||||||||||
FAQ
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