FBAK Stock Recent News

ANCHORAGE, Alaska, Aug. 06, 2024 (GLOBE NEWSWIRE) -- First National Bank Alaska's (OTCQX:FBAK) net income for the second quarter of 2024 was $15.6 million, or $4.94 per share. This compares to a net income of $14.5 million, or $4.57 per share, for the same period in 2023.

ANCHORAGE, Alaska, July 26, 2024 (GLOBE NEWSWIRE) -- At the Board of Directors meeting held July 25, 2024, a cash dividend of $3.20 per share was declared, payable on September 16, 2024, to shareholders of record as of September 1, 2024. CONTACT: Cheri GillianSecretary to the Board of Directors907-777-3409

ANCHORAGE, Alaska, July 25, 2024 (GLOBE NEWSWIRE) -- At the Board of Directors meeting held July 25, 2024, a cash dividend of $3.20 per share was declared, payable on September 15, 2024, to shareholders of record as of September 1, 2024. CONTACT: Cheri GillianSecretary to the Board of Directors907-777-3409

I'm expecting flattish earnings this year, as below-average loan growth will likely counter the effect of margin contraction. My updated earnings estimate is almost the same as my previous estimate. FBAK is offering a high dividend yield of 6.4% excluding the annual special dividend, and 8.0% including the special dividend.