First National Bank Alaska announces unaudited results for fourth quarter 2023
FIRST NB ALASKA (FBAK)
NASDAQ:AMEX Investor Relations:
fnbalaska.com/about-fnba/financial-reports
Company Research
Source: GlobeNewswire
ANCHORAGE, Alaska, Feb. 01, 2024 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the fourth quarter of 2023 was $16.6 million, or $5.24 per share. This compares to a net income of $14.4 million, or $4.54 per share, for the same period in 2022. Year-to-date net income was $60.0 million, or $18.95 per share, compared to $58.2 million, or $18.39 per share for the same period in 2022. “Resilience was the watchword for First National in 2023, as the bank responded several times to a rapidly changing environment for our industry and our customers,” said First National Board Chair and CEO/President Betsy Lawer. “This ability of our leadership and employees to adapt and react efficiently and effectively while continuing to provide exceptional service to our customers resulted in a strong year-end performance, including a record-high net income.” Assets totaled $5.7 billion as of December 31, 2023, increasing $393.1 million since December 31, 2022. Return on as
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