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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.
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.
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.
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