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	160.19	143.02	112.56	115.18	116.88
Interest Income on Investments	84.13	71.49	47.46	32	31.8
Total Interest Income	244.32	214.52	160.02	147.18	148.68
Interest Paid on Deposits	30.03	18.85	3.89	1.31	1.89
Interest Paid on Borrowings	47.57	41.19	10.76	0.27	2.02
Total Interest Expense	77.6	60.04	14.65	1.58	3.91
Net Interest Income	166.72	154.48	145.37	145.6	144.77
Net Interest Income Growth (YoY)	7.92%	6.27%	-0.16%	0.58%	5.79%
Gain (Loss) on Sale of Investments	0.42	-0.3	-0.06	-14.08	-6.11
Other Non-Interest Income	21.1	19.78	18.52	17.73	16.36
Total Non-Interest Income	28.47	25.72	24.92	13.23	19.77
Non-Interest Income Growth (YoY)	10.68%	3.21%	88.38%	-33.06%	4.55%
Revenues Before Loan Losses	195.19	180.2	170.29	158.83	164.53
Provision for Loan Losses	0.72	-0.93	-1.25	2.43	2.2
Revenue	194.47	181.13	171.54	156.41	162.34
Revenue Growth (YoY)	7.36%	5.59%	9.68%	-3.65%	4.43%
Salaries and Employee Benefits	68.67	63.65	60.74	63.21	63.31
Occupancy Expenses	7.78	7.32	7.01	6.98	7.52
Selling, General & Administrative	2.43	2.91	2.66	2.34	2.6
Other Non-Interest Expense	25.47	24.44	22.2	5.66	11.32
Total Non-Interest Expense	104.35	98.17	93.08	78.25	84.95
EBT Excluding Unusual Items	90.12	82.96	78.47	78.16	77.39
Asset Writedown	-0.24	-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)	-	-	-	-0.00%	-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	11.73%	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%	25.49%	24.99%	25.42%

Updated Mar 14, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.