First National Bank Alaska (FBAK)

FBAK Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	59.49	143.02	112.56	115.18	116.88
Interest Income on Investments	-	71.49	47.46	32	31.8
Total Interest Income	59.49	214.52	160.02	147.18	148.68
Interest Paid on Deposits	21.17	18.85	3.89	1.31	1.89
Interest Paid on Borrowings	-	41.19	10.76	0.27	2.02
Total Interest Expense	21.17	60.04	14.65	1.58	3.91
Net Interest Income	38.33	154.48	145.37	145.6	144.77
Net Interest Income Growth (YoY)	-75.19%	6.27%	-0.16%	0.58%	5.79%
Gain (Loss) on Sale of Investments	-	-0.3	-0.06	-14.08	-6.11
Other Non-Interest Income	28.23	19.78	18.52	17.73	16.36
Total Non-Interest Income	28.23	25.72	24.92	13.23	19.77
Non-Interest Income Growth (YoY)	9.76%	3.21%	88.38%	-33.07%	4.55%
Revenues Before Loan Losses	66.56	180.2	170.29	158.83	164.53
Provision for Loan Losses	0.72	-0.93	-1.25	2.43	2.2
Revenue	65.84	181.13	171.54	156.41	162.34
Revenue Growth (YoY)	-63.65%	5.59%	9.68%	-3.65%	4.43%
Salaries and Employee Benefits	-	63.65	60.74	63.21	63.31
Occupancy Expenses	-	7.32	7.01	6.98	7.52
Selling, General & Administrative	-	2.91	2.66	2.34	2.6
Other Non-Interest Expense	-24.05	24.44	22.2	5.66	11.32
Total Non-Interest Expense	-24.05	98.17	93.08	78.25	84.95
EBT Excluding Unusual Items	89.89	82.96	78.47	78.16	77.39
Asset Writedown	-	-0.3	-0.32	-0.28	-0.24
Pretax Income	89.89	82.67	78.15	77.88	77.14
Income Tax Expense	22.84	22.66	19.92	19.46	19.61
Net Income	67.05	60.01	58.24	58.41	57.54
Net Income to Common	67.05	60.01	58.24	58.41	57.54
Net Income Growth	11.73%	3.05%	-0.31%	1.53%	3.40%
Basic Shares Outstanding	3	3	3	3	3
Diluted Shares Outstanding	3	3	3	3	3
Shares Change (YoY)	0.01%	-	-	-0.00%	-0.05%
EPS (Basic)	21.17	18.95	18.39	18.45	18.17
EPS (Diluted)	21.17	18.95	18.39	18.45	18.17
EPS Growth	11.72%	3.05%	-0.31%	1.53%	3.45%
Dividend Per Share	12.800	12.800	12.800	12.800	12.800
Effective Tax Rate	25.41%	27.41%	25.48%	24.99%	25.42%

Source: S&P Capital IQ. Banks template. Financial Sources.