FBAK Stock Recent News

ANCHORAGE, Alaska, Feb. 19, 2025 (GLOBE NEWSWIRE) -- First National Bank Alaska's (OTCQX:FBAK) net income for the fourth quarter of 2024 was $19.9 million, or $6.29 per share. This compares to a net income of $16.6 million, or $5.24 per share, for the same period in 2023.

ANCHORAGE, Alaska, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Forbes selected Alaska's largest community bank, First National Bank Alaska, as one of the top ten banks in the country for their annual list America's Best Banks. First National ranked sixth in the nation and was the only bank in Alaska to make the list.

ANCHORAGE, Alaska, Feb. 03, 2025 (GLOBE NEWSWIRE) -- At the Board of Directors Meeting held January 30, 2025, a cash dividend of $4.00 per share was declared, payable on March 17, 2025, to shareholders of record as of February 28, 2025.

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.