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First National Bank Alaska (FBAK) delivers trusted financial services across Alaska through personal banking, commercial lending, and wealth management solutions. This page provides authorized news updates directly from the institution, offering stakeholders timely insights into its operations.
Access official press releases covering quarterly earnings, leadership appointments, and community reinvestment programs. Discover updates on loan portfolio performance, digital banking enhancements, and regulatory compliance milestones that shape this community-focused bank’s trajectory.
Key content includes strategic partnership announcements, branch network expansions, and recognition of employee/community initiatives. Investors will find disclosures about capital management strategies, while local businesses can monitor small business support programs.
Bookmark this page for structured access to FBAK’s evolving story. Verify critical financial decisions through primary sources and stay informed about developments impacting Alaska’s banking landscape.
First National Bank Alaska (OTCQX:FBAK) reported a fourth-quarter 2021 net income of $16.3 million ($5.16 per share), up from $13.3 million ($4.19) in 2020. Year-to-date net income was $58.4 million ($18.45 per share), slightly increased from $57.5 million in 2020. Total assets rose to $5.6 billion, an increase of $886 million. Deposits reached $5.0 billion, boosted by SBA PPP loan proceeds. Total loans decreased by $84 million year-over-year, while noninterest income dipped 11.2% due to reduced mortgage origination. Return on equity improved to 10.23%.
On January 27, 2022, First National Bank Alaska (OTCQX:FBAK) declared a cash dividend of $3.20 per share. This dividend is payable on March 15, 2022, to shareholders of record as of March 1, 2022. The decision reflects the bank's commitment to returning value to its shareholders amidst ongoing performance in the financial sector.
First National Bank Alaska (OTCQX:FBAK) reported a net income of $14.4 million for Q3 2021, down from $15.6 million in Q3 2020. Year-to-date net income reached $42.1 million, compared to $44.3 million in 2020. Total interest and loan fee income decreased by 5.7% to $35 million due to lower yields. The bank's net interest margin fell to 2.89% from 3.56% in 2020, while noninterest income decreased by 5.3%. Total assets grew to $5.5 billion, and deposits rose by $846.3 million year-to-date.
On October 28, 2021, First National Bank Alaska (OTCQX:FBAK) announced a cash dividend of $3.20 per share. The dividend is payable on December 15, 2021, to shareholders on record as of December 1, 2021. This decision reflects the bank's commitment to returning value to its investors.
On September 30, 2021, the Board of Directors of First National Bank Alaska declared a special cash dividend of $3.20 per share. This dividend is payable on November 15, 2021, to shareholders of record as of November 1, 2021.
First National Bank Alaska (OTCQX:FBAK) reported a second-quarter 2021 net income of $13.7 million or $4.33 per share, down from $14.6 million or $4.60 per share in Q2 2020. Year-to-date net income was $27.7 million, showing a slight decline from $28.7 million last year. Total interest income fell 6.8% to $35.8 million, primarily due to lower yields on earning assets. Total assets grew to $5.3 billion, while noninterest income rose 8.4%. The efficiency ratio increased to 53.25% from 52.24% a year prior.
On July 29, 2021, the Board of Directors declared a cash dividend of $3.20 per share. This dividend is set to be paid on September 15, 2021, to shareholders who are on record as of September 1, 2021. The announcement underscores the company's commitment to returning value to its shareholders.
First National Bank Alaska (OTCQX:FBAK) reported an unaudited net income of $14.0 million or $4.41 per share for Q1 2021, down slightly from $14.1 million or $4.47 per share in Q1 2020. Total interest and loan fee income increased 0.8% to $37.1 million, but the blended yield on interest-earning assets fell to 3.23% from 4.01%. Noninterest income rose to $6.2 million, driven by higher mortgage loan origination income. Total assets reached $4.9 billion, increasing $232.5 million from the previous quarter.
First National Bank Alaska (OTCQX:FBAK) announced a cash dividend of $3.20 per share during its Board of Directors Meeting on April 28, 2021. This dividend is scheduled to be paid on June 15, 2021, to shareholders on record as of June 1, 2021. This decision reflects the bank's ongoing commitment to returning value to its shareholders.
First National Bank Alaska (OTCQX:FBAK) reported unaudited net income for Q4 2020 of $13.3 million, down from $14.2 million in Q4 2019. The year-to-date net income increased to $57.5 million compared to $55.6 million in 2019. Total interest and loan fee income decreased by 6.2% year-over-year due to lower yields. Noninterest income rose 17.7%, driven by stronger mortgage loan origination. Total assets grew to $4.70 billion, while total loans reached $2.21 billion. The bank originated 2,464 SBA PPP loans totaling $344.7 million, aiding local businesses amid the pandemic.
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