First National Bank Alaska announces unaudited results for third quarter 2025
First National Bank Alaska (OTCQX:FBAK) reported third quarter 2025 net income of $21.4 million or $6.75 per share, up from $18.0 million, or $5.68, in Q3 2024. Return on assets rose to 1.53% (up 38 bps) and return on equity improved to 14.13%. Total assets were $5.2 billion as of Sept. 30, 2025, with loans of $2.6 billion and deposits/repurchase agreements of $4.6 billion. Net interest margin increased to 3.76% driven by higher yields and lower funding costs. Third quarter provision for credit losses was $0.4 million (vs. a $0.4 million benefit in Q3 2024); the allowance for credit losses was $20.1 million (0.78% of loans). Shareholders' equity reached $567.7 million and Tier 1 leverage capital was 11.70%.
First National Bank Alaska (OTCQX:FBAK) ha riportato un utile netto del terzo trimestre 2025 di $21,4 milioni oppure $6,75 per azione, in aumento rispetto a $18,0 milioni o $5,68 nel Q3 2024. Il ritorno sugli asset (ROA) è salito allo 1,53% (in aumento di 38 punti base) e il ritorno sull’equity (ROE) è migliorato al 14,13%. Gli attivi totali ammontavano a $5,2 miliardi al 30 settembre 2025, con prestiti di $2,6 miliardi e depositi/accordi di riacquisto di $4,6 miliardi. Il margine di interesse netto è aumentato al 3,76% trainato da rendimenti più alti e costi di finanziamento inferiori. La disposizione per perdite su credito del terzo trimestre è stata di $0,4 milioni ( contro un beneficio di $0,4 milioni nel Q3 2024); la riserva per perdite su credito era di $20,1 milioni (0,78% dei prestiti). Il patrimonio degli azionisti ammontava a $567,7 milioni e il capitale di leva di primo livello era 11,70%.
First National Bank Alaska (OTCQX:FBAK) reportó ingresos netos del tercer trimestre de 2025 de $21.4 millones o $6.75 por acción, frente a $18.0 millones o $5.68 en el T3 de 2024. El retorno sobre activos subió a 1.53% (un aumento de 38 puntos básicos) y el retorno sobre el patrimonio mejoró a 14.13%. Los activos totales fueron de $5.2 mil millones a 30 de septiembre de 2025, con préstamos de $2.6 mil millones y depósitos/acuerdos de recompra de $4.6 mil millones. El margen de interés neto aumentó a 3.76% impulsado por mayores rendimientos y menores costos de financiamiento. La provisión para pérdidas crediticias del tercer trimestre fue de $0.4 millones (frente a un beneficio de $0.4 millones en el Q3 2024); la reserva para pérdidas crediticias fue de $20.1 millones (0.78% de los préstamos). El patrimonio de los accionistas alcanzó $567.7 millones y el capital de nivel 1 de apalancamiento fue de 11.70%.
First National Bank Alaska (OTCQX:FBAK)가 2025년 3분기 순이익을 $21.4백만달러, 주당 $6.75로 발표했습니다. 이는 2024년 3분기의 $18.0백만달러 또는 주당 $5.68에서 증가한 수치입니다. 총자산은 2025년 9월 30일 기준 $52억 달러, 대출은 $26억, 예금/차입약정은 $46억 달러였습니다. 순이자마진은 3.76%로 상승했고, 이는 더 높은 수익률과 낮아진 조달비용에 의해 견인되었습니다. 3분기 신용손실 준비금은 $0.4백만 달러였고(2024년 3분기 이익 $0.4백만 달러 대비), 신용손실에 대한 대손충당금은 $20.1백만 달러(대출의 0.78%)였습니다. 주주지분은 $567.7백만에 도달했고, Tier 1 레버리지 자본은 11.70%였습니다.
First National Bank Alaska (OTCQX:FBAK) a affiché un bénéfice net pour le troisième trimestre 2025 de $21,4 millions ou $6,75 par action, en hausse par rapport à $18,0 millions, ou $5,68 au T3 2024. Le rendement des actifs s’est élevé à 1,53% (en hausse de 38 pb) et le rendement des capitaux propres s’est amélioré à 14,13%. Les actifs totaux s’élevaient à $5,2 milliards au 30 sept. 2025, avec des prêts de $2,6 milliards et des dépôts/accords de rachat de $4,6 milliards. La marge nette d’intérêts a augmenté à 3,76%, tirée par des rendements plus élevés et des coûts de financement plus bas. La provision pour pertes sur crédits du troisième trimestre était de $0,4 million (contre un bénéfice de $0,4 million au T3 2024); la provision pour pertes sur crédits était de $20,1 millions (0,78% des prêts). L’avoir des actionnaires a atteint $567,7 millions et le ratio de capital de premier rang (Tier 1) était de 11,70%.
First National Bank Alaska (OTCQX:FBAK) meldete den Nettogewinn des dritten Quartals 2025 von $21,4 Millionen bzw. $6,75 je Aktie, gegenüber $18,0 Millionen bzw. $5,68 im Q3 2024. Die Rendite auf Vermögenswerte (ROA) stieg auf 1,53% (plus 38 Basispunkte) und die Eigenkapitalrendite (ROE) verbessert sich auf 14,13%. Die gesamten Vermögenswerte beliefen sich zum 30. September 2025 auf $5,2 Milliarden, mit Darlehen von $2,6 Milliarden und Einlagen/Repos von $4,6 Milliarden. Die Nettomarge bei Zinsen stieg auf 3,76% getrieben von höheren Renditen und geringeren Finanzierungskosten. Die Quartalsprovision für Kreditverluste betrug $0,4 Millionen (gegenüber einem Nutzen von $0,4 Millionen im Q3 2024); die Verlustabdeckung für Kredite betrug $20,1 Millionen (0,78% der Darlehen). Das Eigenkapital der Aktionäre erreichte $567,7 Millionen und das Tier-1-Hebelkapital betrug 11,70%.
First National Bank Alaska (OTCQX:FBAK) أعلن عن صافي دخل للربع الثالث من عام 2025 قدره $21.4 مليون أو $6.75 للسهم، ارتفاعاً من $18.0 مليون أو $5.68 في الربع الثالث من 2024. بلغت العائد على الأصول 1.53% (ارتفاع بمقدار 38 نقطة أساسية) وتحسن العائد على حقوق المساهمين إلى 14.13%. بلغت الأصول الإجمالية $5.2 مليار حتى 30 سبتمبر 2025، مع قروض قدرها $2.6 مليار وودائع/اتفاقيات إعادة شراء قدرها $4.6 مليار. ارتفع هامش الفائدة الصافية ليصل إلى 3.76% مدفوعاً بارتفاع العوائد وانخفاض تكاليف التمويل. كانت مخصصات الربع الثالث ل losses الائتمانية $0.4 مليون دولار (مقابل فائدة قدرها $0.4 مليون في Q3 2024); بلغت الاحتياطي للمخاطر الائتمانية $20.1 مليون (0.78% من القروض). وبلغت حقوق المساهمين $567.7 مليون ورأس المال ذات الرافعة من الدرجة الأولى كان 11.70%.
- Net income +18.9% year-over-year to $21.4M
- Net interest margin increased to 3.76%, up 72 bps
- Interest expense decreased ~42% to $12.2M
- Shareholders' equity increased to $567.7M
- Tier 1 leverage capital ratio at 11.70% (above well-capitalized)
- Provision for credit losses YTD $2.6M vs $0.8M prior year
- Nonperforming loans increased to $10.8M (0.42% of loans)
- Investment interest income decreased by $6.6M for the quarter
ANCHORAGE, Alaska, Nov. 04, 2025 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the third quarter of 2025 was
“First National’s 2025 performance demonstrates strong quarterly growth in net income and continued momentum across our key performance ratios,” said First National Board Chair and CEO/President Betsy Lawer. “Teams across the bank focused on strategies that drove loan and deposit growth, improved noninterest income improvement, and kept operating expenses aligned with our customer and operational goals. Return on assets of
Total assets increased to
Loans totaled
Interest and fees on loans for the third quarter totaled
Total interest expense for the third quarter was
Net interest margin through Sept. 30, 2025 increased to
Noninterest operating income for third quarter 2025 was
The efficiency ratio for Sept. 30, 2025, was
Shareholders’ equity reached
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. 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. In 2025, First National 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. American Banker recognized the bank as a “Best Bank to Work For” in 2024, for the seventh 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) | Quarter Ended ($ in thousands) | ||||||||||||||
| 9/30/2025 | 6/30/2025 | 3/31/2025 | 12/31/2024 | 9/30/2024 | |||||||||||
| Balance Sheet | |||||||||||||||
| Total Assets | $ | 5,243,993 | $ | 4,923,803 | $ | 4,890,081 | $ | 4,997,767 | $ | 5,557,306 | |||||
| Total Securities | $ | 2,002,118 | $ | 1,859,645 | $ | 1,882,332 | $ | 1,928,625 | $ | 2,602,519 | |||||
| Total Loans | $ | 2,590,699 | $ | 2,591,713 | $ | 2,607,081 | $ | 2,469,935 | $ | 2,445,596 | |||||
| Total Deposits | $ | 3,808,022 | $ | 3,586,204 | $ | 3,580,147 | $ | 3,679,155 | $ | 3,728,181 | |||||
| Repurchase Agreements | $ | 804,589 | $ | 731,808 | $ | 716,908 | $ | 743,193 | $ | 647,043 | |||||
| Total Deposits and Repurchase Agreements | $ | 4,612,611 | $ | 4,318,012 | $ | 4,297,055 | $ | 4,422,348 | $ | 4,375,224 | |||||
| Total Borrowing under Federal Bank Credit Facilities | $ | 15,000 | $ | 15,000 | $ | 15,000 | $ | 15,000 | $ | 604,868 | |||||
| Unrealized Loss on Marketable Securities, Net of Tax | $ | (31,296 | ) | $ | (40,193 | ) | $ | (49,465 | ) | $ | (62,985 | ) | $ | (52,020 | ) |
| Total Shareholders' Equity | $ | 567,724 | $ | 550,135 | $ | 535,148 | $ | 516,562 | $ | 527,864 | |||||
| Income Statement | |||||||||||||||
| Interest and Fees on Loans | $ | 44,116 | $ | 43,212 | $ | 41,150 | $ | 41,273 | $ | 41,886 | |||||
| Interest and Dividends on Investment Securities | $ | 12,229 | $ | 10,818 | $ | 11,150 | $ | 17,392 | $ | 18,808 | |||||
| Interest on Cash and Cash Equivalents | $ | 4,381 | $ | 2,969 | $ | 3,563 | $ | 4,597 | $ | 3,727 | |||||
| Total Interest and Loan Fee Income | $ | 60,726 | $ | 56,999 | $ | 55,863 | $ | 63,262 | $ | 64,421 | |||||
| Total Interest Expense | $ | 12,155 | $ | 11,842 | $ | 11,956 | $ | 18,591 | $ | 21,319 | |||||
| Provision for Credit Losses | $ | 436 | $ | 631 | $ | 1,535 | $ | (118 | ) | $ | (432 | ) | |||
| Total Noninterest Operating Income | $ | 7,596 | $ | 7,363 | $ | 6,910 | $ | 7,178 | $ | 7,487 | |||||
| Net Gains on Investment Securities | $ | - | $ | - | $ | - | $ | 10 | $ | - | |||||
| Total Noninterest Expense | $ | 26,802 | $ | 27,083 | $ | 25,334 | $ | 27,696 | $ | 25,928 | |||||
| Provision for Income Taxes | $ | 7,570 | $ | 6,423 | $ | 6,214 | $ | 4,350 | $ | 7,099 | |||||
| Net Income | $ | 21,359 | $ | 18,383 | $ | 17,734 | $ | 19,931 | $ | 17,994 | |||||
| Earnings per Common Share | $ | 6.75 | $ | 5.80 | $ | 5.60 | $ | 6.29 | $ | 5.68 | |||||
| Dividend per Common Share | $ | 4.00 | $ | 4.00 | $ | 4.00 | $ | 6.40 | $ | 3.20 | |||||
| Financial Measures | |||||||||||||||
| Return on Assets | 1.53 | % | 1.46 | % | 1.42 | % | 1.22 | % | 1.15 | % | |||||
| Return on Equity | 14.13 | % | 13.53 | % | 13.49 | % | 13.60 | % | 12.90 | % | |||||
| Net Interest Margin | 3.76 | % | 3.69 | % | 3.63 | % | 3.12 | % | 3.04 | % | |||||
| Interest Income to Average Earning Assets | 4.74 | % | 4.67 | % | 4.61 | % | 4.57 | % | 4.51 | % | |||||
| Interest Expense to Average Earning Assets | 0.98 | % | 0.98 | % | 0.98 | % | 1.45 | % | 1.47 | % | |||||
| Efficiency Ratio | 49.52 | % | 50.58 | % | 49.70 | % | 53.51 | % | 53.59 | % | |||||
| Capital | |||||||||||||||
| Shareholders' Equity/Total Assets | 10.83 | % | 11.17 | % | 10.94 | % | 10.34 | % | 9.50 | % | |||||
| Tier 1 Leverage Ratio | 11.70 | % | 11.95 | % | 11.72 | % | 10.54 | % | 10.39 | % | |||||
| Regulatory Well Capitalized Minimum Ratio - Tier 1 Leverage Ratio | 5.00 | % | 5.00 | % | 5.00 | % | 5.00 | % | 5.00 | % | |||||
| Tier 1 (Core) Capital | $ | 599,020 | $ | 590,328 | $ | 584,613 | $ | 579,547 | $ | 579,884 | |||||
| Credit Quality | |||||||||||||||
| Nonperforming Loans and OREO | $ | 10,847 | $ | 9,802 | $ | 4,243 | $ | 4,313 | $ | 4,186 | |||||
| Nonperforming Loans and OREO/Total Loans | 0.42 | % | 0.38 | % | 0.16 | % | 0.17 | % | 0.17 | % | |||||
| Nonperforming Loans and OREO/Tier 1 Capital | 1.81 | % | 1.66 | % | 0.73 | % | 0.74 | % | 0.72 | % | |||||
| Allowance for Loan Losses | $ | 20,100 | $ | 20,025 | $ | 19,500 | $ | 18,025 | $ | 18,550 | |||||
| Allowance for Loan Losses/Total Loans | 0.78 | % | 0.77 | % | 0.75 | % | 0.73 | % | 0.76 | % | |||||
| 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
What were First National Bank Alaska (FBAK) Q3 2025 net income and EPS?
How did First National Bank Alaska's return on assets (ROA) perform in Q3 2025?
What drove the improvement in FBAK's net interest margin in 2025?
Did First National Bank Alaska's provision for credit losses change in 2025?
What is FBAK's capital position after Q3 2025 results?
How did deposits and loans change at First National Bank Alaska through Sept. 30, 2025?
