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Stock impact report

First National Bank Alaska Announces Unaudited Results for Third Quarter 2024

FIRST NB ALASKA (FBAK) 
NASDAQ:AMEX Investor Relations: fnbalaska.com/about-fnba/financial-reports
Company Research Source: GlobeNewswire
ANCHORAGE, Alaska, Nov. 06, 2024 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the third quarter of 2024 was $18.0 million, or $5.68 per share. This compares to a net income of $15.5 million, or $4.90 per share, for the same period in 2023. “Third quarter results continue to reflect the bank’s strong financial performance in 2024,” said First National Board Chair and CEO/President Betsy Lawer. “The notable growth in our loan portfolio shows positive momentum and opportunity in the Alaska economy. Helping Alaskans take advantage of these opportunities requires agility, readiness and resources to meet shifting circumstances for our customers and the banking environment, which remains our core focus.” Total loans increased by $54.0 million during third quarter 2024 and increased by $127.1 million compared to Sept. 30, 2023. As of Sept. 30, 2024, loan quality was strong with delinquent loans 30 to 89 days of $1.7 million, 0.07% of outstan Show less Read more
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