Business
First National Bank Alaska announces unaudited results for first quarter 2026
ANCHORAGE, Alaska, May 06, 2026 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the first quarter of 2026 was $21.2 million, or $6.68 per share. This compares to a net income of $17.7 million, or $5.60 per share, for the same period in 2025. Return on assets increased to 1.67%, an improvement of 25 basis points over March 31, 2025, driven by higher net income. “First National’s strong financial performance in the first quarter reflects continued growth, supported by
About this update from First National Corporation
[{"type":"image","alt":"First National Bank Alaska","displaySize":"","headline":null,"caption":"First National Bank Alaska","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":208,"url":"https://media.zenfs.com/en/globenewswire.com/66c66583f6693b9bbf3448673e46c0ae"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/TALs5EX5QpVsRX4lzF8Xxg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI5MQ--/https://media.zenfs.com/en/globenewswire.com/66c66583f6693b9bbf3448673e46c0ae","width":300,"height":208},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/TALs5EX5QpVsRX4lzF8Xxg--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTI5MQ--/https://media.zenfs.com/en/globenewswire.com/66c66583f6693b9bbf3448673e46c0ae","width":300,"height":208}},"lazy":false},{"type":"text","content":"ANCHORAGE, Alaska, May 06, 2026 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the first quarter of 2026 was $21.2 million, or $6.68 per share. This compares to a net income of $17.7 million, or $5.60 per share, for the same period in 2025. Return on assets increased to 1.67%, an improvement of 25 basis points over March 31, 2025, driven by higher net income.","length":391,"tagName":"p"},{"type":"text","content":"“First National’s strong financial performance in the first quarter reflects continued growth, supported by outstanding financial management and improving core earnings from a stronger asset mix and expanding margins,” said First National Board Chair and CEO/President Betsy Lawer. “This success was reflected in the equity market, as our stock reached new highs and surpassed $1 billion for the first time. I’m proud to work alongside more than 600 Alaskans guided by an exceptionally skilled Board of Directors and leadership team who remain focused on delivering trusted financial services to support communities across Alaska.”","length":631,"tagName":"p"},{"type":"text","content":"Assets totaled $5.1 billion as of March 31, 2026, an increase of $193.9 million from March 31, 2025, driven by strong deposit growth and retained earnings.","length":155,"tagName":"p"},{"type":"text","content":"Loans totaled $2.8 billion as of March 31, 2026, an increase of $98.8 million during the first quarter of 2026, and an increase of $203.7 million compared to March 31, 2025. Asset quality remained strong, with nonperforming loans at $12.2 million, or 0.43% of outs...