First National Stock Price, News & Analysis

First National Bank Alaska (OTCQX:FBAK) reported a fourth quarter net income of $14.4 million or $4.54 per share, down from $16.3 million or $5.16 per share in 2021. Year-to-date net income for 2022 was $58.2 million, slightly lower than $58.4 million in 2021. Total assets decreased by $243.6 million to $5.3 billion as of December 31, 2022. The bank experienced an increase in total loans by $99.8 million to $2.2 billion, while deposits also saw a year-to-date decrease of $102.8 million. Return on assets was 1.04%, down from 1.12% the previous year.

On January 26, 2023, First National Bank Alaska (OTCQX:FBAK) announced a cash dividend of $3.20 per share, scheduled for payment on March 15, 2023. This dividend will be distributed to shareholders on record as of March 1, 2023, reflecting the bank's commitment to returning value to its investors.

On November 17, 2022, First National Bank Alaska declared a special cash dividend of $3.20 per share, payable on December 15, 2022. This dividend will be distributed to shareholders of record as of December 1, 2022. The decision reflects the bank's commitment to returning value to its shareholders.

First National Bank Alaska (OTCQX:FBAK) reported a third-quarter 2022 net income of $15.7 million, or $4.94 per share, up from $14.4 million, or $4.55 per share in Q3 2021. Year-to-date net income reached $43.9 million, compared to $42.1 million a year prior. Total assets stood at $5.5 billion, with total loans increasing to $2.2 billion. However, return on assets dropped to 1.05% from 1.11%, driven by lower loan interest income and higher interest expenses. Shareholders’ equity declined by $165.4 million due to market value adjustments, resulting in a book value per share of $122.87.

The Board of Directors of First National Bank Alaska announced a cash dividend of $3.20 per share on October 27, 2022. This dividend is payable on December 15, 2022, to shareholders of record as of December 1, 2022. This declaration reflects the bank's commitment to returning value to its shareholders.

First National Bank Alaska (OTCQX:FBAK) reported strong financial results for Q2 2022, with a net income of $14.4 million, or $4.54 per share, up from $13.7 million in Q2 2021. Year-to-date net income reached $28.2 million, also surpassing last year's figures. Total loans increased by $45 million to $2.2 billion, driven by real estate loans. However, total assets decreased by $208.3 million and return on assets fell to 1.03%. Shareholders' equity dropped to $444.2 million, primarily due to a decrease in market value of securities amid rising interest rates.

First National Bank Alaska has declared a cash dividend of $3.20 per share at its Board of Directors Meeting on July 28, 2022. The dividend will be payable on September 15, 2022, to shareholders who are on record as of September 1, 2022.

First National Bank Alaska (OTCQX:FBAK) reported a net income of $13.8 million or $4.37 per share for Q1 2022, slightly down from $14.0 million or $4.41 per share in Q1 2021. Assets decreased by $188.1 million to $5.4 billion, influenced by seasonal deposit outflows. Total deposits rose to $4.9 billion, up from $4.3 billion year-over-year. The return on assets was 1.01%, down from 1.18% in the previous year. Noninterest income fell 9.3% while expenses decreased 1.4%. Shareholders' equity dropped to $474 million, reflecting a decrease in market value of securities amid rising interest rates.

On April 27, 2022, the Board of Directors of First National Bank Alaska declared a cash dividend of $3.20 per share. This dividend is payable on June 15, 2022, to shareholders of record as of June 1, 2022. This announcement reflects the bank's commitment to returning value to its shareholders amidst its ongoing operations.