First National Bank Alaska announces unaudited results for third quarter 2026

(OTCQX:FBAK) First National Bank Alaska reported net income for the third quarter of 2026 of $25.2 million, or $7.95 per share, compared to $21.4 million, or $6.75 per share, for the same period in 2025. Return on assets increased to 1.74%, up 21 basis points from the prior year, driven by higher net income. Assets totaled $5.3 billion as of September 30, 2026, an increase of $59.0 million from September 30, 2025, due to strong deposit growth. Loans totaled $2.8 billion as of September 30, 2026, a decrease of $51.8 million during the third quarter, an increase of $58.7 million year to date, and an increase of $180.0 million compared to September 30, 2025. Nonperforming loans were $6.8 million, or 0.24% of outstanding loans as of September 30, 2026. The provision for credit losses in the third quarter was a benefit of $0.1 million, reflecting a reduction in reserves. The allowance for credit losses as of September 30, 2026, was $20.9 million, or 0.76% of total loans. Interest and fees on loans in the third quarter totaled $46.9 million, an increase of $2.8 million, or 6.3%, from $44.1 million in the third quarter of 2025. Interest income on investment securities increased by $2.6 million for the quarter ending September 30, 2026, compared to the same quarter in 2025. Blended interest income as a percentage of average earning assets increased to 4.97% compared to 4.74% as of September 30, 2025. Deposits and repurchase agreements totaled $4.6 billion, an increase of $29.9 million from September 30, 2025. Interest expense decreased by $0.1 million for the third quarter of 2026 compared to the same period in 2025. Interest expense as a percentage of average earning assets decreased to 92 basis points for the quarter, compared to 98 basis points for the same quarter in 2025. Net interest margin increased to 4.05% as of September 30, 2026, compared with 3.76% as of September 30, 2025. The efficiency ratio for September 30, 2026, was 48.60%, down from 49.52% for September 30, 2025. Noninterest operating income for the third quarter of 2026 was $8.0 million, a $0.4 million increase from the third quarter of 2025. Noninterest expenses for the third quarter of 2026 rose by $1.9 million, or 7.2%, primarily due to higher salaries and increased employee headcount. Shareholders’ equity was $581.3 million as of September 30, 2026, compared to $567.7 million as of September 30, 2025. Shareholders’ equity increased by $12.1 million year to date, driven by net income retained in excess of dividends paid, partially offset by an increase in the net unrealized loss position of the securities portfolio. Return on equity increased to 15.49% as of September 30, 2026, compared to 14.13% as of September 30, 2025. Book value per share increased to $183.57, compared to $179.27 as of September 30, 2025. The bank’s Tier 1 leverage capital ratio of 11.81% as of September 30, 2026, remains above well-capitalized standards. Betsy Lawer, Board Chair and CEO/President, stated that the results reflect disciplined financial management, improved net interest margin, and strong asset quality. In 2024, First National received an Outstanding Community Reinvestment Act performance rating from the Office of the Comptroller of the Currency for the eighth consecutive reporting period over 24 years. In 2026, Forbes named First National one of the World’s Top Performing Banks and, for the second year in a row, one of America’s Best Banks, ranking as the second-top bank in the nation. Newsweek recognized the bank as one of the nation’s Best Regional Banks and Credit Unions for the second year in a row. Alaska Business readers voted First National “Best of Alaska Business” in several categories, including Best Place to Work for the 11th year in a row, Best Bank/Credit Union for the sixth consecutive year, Best Customer Service for the third year in a row, Best Corporate Citizen for the fifth time, and Best Wealth Management Firm. The bank was voted first place in the “Best of Alaska” Anchorage Daily News awards, ranking in the top three in the Bank/Financial Institutions category for the eighth consecutive year. In 2025, American Banker recognized First National as a “Best Bank to Work For” for the eighth 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.

First National Bank Alaska declares regular and special dividends for fourth quarter 2026, both payable in December

(OTC:FBAK) First National Bank Alaska announced that its Board of Directors declared a cash dividend of $4.00 per share. The dividend will be payable on December 15, 2026. Shareholders of record as of December 1, 2026, will be eligible to receive the dividend. The announcement was made following the Board of Directors meeting held on October 29, 2026. The dividend declaration reflects the company's ongoing commitment to returning value to its shareholders. The exact amount of the dividend is $4.00 per share. The record date for determining eligible shareholders is December 1, 2026. The payment date for the dividend is December 15, 2026. The Board of Directors made the decision at their meeting on October 29, 2026.

First National Bank Alaska announces unaudited results for second quarter 2026

(OTCQX:FBAK) First National Bank Alaska reported net income for the second quarter of 2026 of $20.8 million, or $6.58 per share. This compares to net income of $18.4 million, or $5.80 per share, for the same period in 2025. Assets totaled $5.1 billion as of June 30, 2026, an increase of $200.0 million from June 30, 2025, driven by strong deposit growth. Loans totaled $2.8 billion as of June 30, 2026, with an increase of $11.7 million during the second quarter and $230.8 million compared to June 30, 2025. Return on assets increased to 1.65%, an improvement of 19 basis points over June 30, 2025, and return on equity increased to 14.56% as of June 30, 2026, compared to 13.53% as of June 30, 2025. The efficiency ratio for June 30, 2026, was 49.48%, a decrease compared to the 50.58% ratio for June 30, 2025. The company projects continued focus on sound financial stewardship and creating lasting value for shareholders.

First National Bank Alaska declares dividend for third quarter 2026

(OTCQX:FBAK) First National Bank Alaska declared a cash dividend of $4.00 per share at the Board of Directors meeting held July 30, 2026. The dividend is payable on Sept. 15, 2026, to shareholders of record as of Sept. 1, 2026.

First National Bank Alaska announces unaudited results for first quarter 2026

First National Bank Alaska (OTCQX:FBAK) reported net income of $21.2 million, or $6.68 per share, for the first quarter of 2026, up from $17.7 million, or $5.60 per share, in the same period of 2025. Assets totaled $5.1 billion as of March 31, 2026, an increase of $193.9 million from the previous year, with loans totaling $2.8 billion. The bank's return on assets rose to 1.67%, and return on equity increased to 14.78%. Shareholders’ equity reached $576.4 million, and the Tier 1 leverage capital ratio was 11.90%, remaining above well-capitalized standards.