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Stock impact report

First National Bank Alaska Announces Unaudited Results for Third Quarter 2024 [Yahoo! Finance]

First National Corporation (FXNC) 
NASDAQ:AMEX Investor Relations: ir.fbvirginia.com
Company Research Source: Yahoo! Finance
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 outstanding loans compared to $2.2 million and 0.10% as of Sept. 30, 2023. Nonperforming loans were $4.0 million, 0.17% of outstanding loans, a decrease of $1.1 million from Sept. 30, 2023. The year Show less Read more
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