First National Bank Alaska Reports Q2 2025 Net Income of $18.4M, or $5.80 per Share

First National Bank Alaska reported a net income of $18.4 million for Q2 2025, up from $15.6 million in Q2 2024. Loans totaled $2.6 billion, a $200.1 million increase compared to the same period last year. Total interest and loan fee income was $57 million, a 0.7% increase from Q2 2024. Assets totaled $4.9 billion, a decrease of $192.3 million compared to June 30, 2024. The bank's net interest margin was 3.69%, and return on assets was 1.46%.

First National Bank Alaska (OTCQX:FBAK) reported robust financial results for the second quarter of 2025, with a net income of $18.4 million, a 17.3% increase from the same period last year. The bank's net income per share stood at $5.80, up from $4.94 in Q2 2024 [2].

Total loans reached $2.6 billion, marking a $200.1 million increase year-over-year. This growth is attributed to the bank's strategic focus on high-quality loans and diligent expense management [2]. The bank's nonperforming loans remained low at 0.38% of outstanding loans, reflecting strong asset quality [2].

Interest and loan fee income totaled $57.0 million, representing a 0.7% increase from Q2 2024. This growth was driven by an increase in interest income from loans by $4.0 million, despite a decrease in interest and dividends on investment securities by $2.9 million [2].

The bank's net interest margin improved to 3.69% from 2.98% in Q2 2024, indicating a strong performance in generating revenue from interest and fees [2]. Total assets stood at $4.9 billion, a decrease of $192.3 million compared to June 30, 2024, primarily due to repayments under the Federal Reserve Bank Term Funding Program [2].

First National Bank Alaska's return on assets increased to 1.46% from 1.08% in Q2 2024, highlighting the bank's ability to generate profits from its assets [2]. Shareholders' equity increased to $550.1 million, up from $485.2 million in the previous year, driven by a decrease in the net unrealized loss position of the securities portfolio and net income retained in excess of dividends paid [2].

The bank's efficiency ratio improved to 50.58%, outperforming both Alaska and national peer groups, indicating a more efficient use of resources [2]. The Tier 1 leverage capital ratio of 11.95% remains well above regulatory requirements, underscoring the bank's strong capital position [2].

First National Bank Alaska, established in 1922, continues to meet the financial needs of Alaskans with a network of 28 locations across the state and beyond. The bank's commitment to community reinvestment and exceptional customer service has been recognized through various awards and ratings [1][2].

References:
[1] https://www.barchart.com/story/news/33893763/correction-first-national-bank-alaska-declares-dividend-for-third-quarter-2025
[2] https://www.stocktitan.net/news/FBAK/first-national-bank-alaska-announces-unaudited-results-for-second-xrndi17x7qw3.html