First National Bank Alaska announces unaudited results for first quarter 2024
FIRST NB ALASKA (FBAK)
NASDAQ:AMEX Investor Relations:
fnbalaska.com/about-fnba/financial-reports
Company Research
Source: GlobeNewswire
ANCHORAGE, Alaska, May 06, 2024 (GLOBE NEWSWIRE) -- First National Bank Alaska’s (OTCQX:FBAK) net income for the first quarter of 2024 remained stable at $13.476 million, or $4.26 per share. This compares to a net income of $13.454 million, or $4.25 per share, for the same period in 2023. “Positive signs across sectors of the Alaska economy give First National an optimistic outlook for growth in the coming year, as evident in first quarter lending activity,” said Betsy Lawer, First National Board Chair and CEO/President. “Our lending, treasury management services, and wealth management and trust* relationship officers are all working closely with customers as seasonal activity builds momentum.” Assets totaled $5.2 billion as of March 31, 2024, decreasing $517.9 million since December 31, 2023. The decrease in assets was primarily due to the first scheduled repayment of $350.0 million on the Federal Reserve Bank Term Funding Program (BTFP), along with first quarter deposit outf
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