First National Bank Alaska Q2 GAAP EPS Hits $5.80, Total Interest and Loan Fee Income Increases by 0.7%.

First National Bank Alaska reported Q2 GAAP EPS of $5.80, a 0.7% increase from $56.6 million compared to the second quarter of 2024. Total interest and loan fee income was $57.0 million.

First National Bank Alaska (OTCQX:FBAK) has reported robust financial results for the second quarter of 2025, with a net income of $18.4 million, representing 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 [1].

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 [1]. The bank's nonperforming loans remained low at 0.38% of outstanding loans, reflecting strong asset quality [1].

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 [1].

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 [1]. 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 [1].

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 [1]. 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 [1].

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

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.stocktitan.net/news/FBAK/first-national-bank-alaska-announces-unaudited-results-for-second-xrndi17x7qw3.html
[2] https://www.ainvest.com/news/national-bank-alaska-reports-q2-2025-net-income-18-4m-5-80-share-2508/