First National Bank Alaska FBAK

FinancialsBanking ServicesUnited States of America

Last close 333.71 USD on Nov 2, 2026, +15.5% year to date

Quant rating

Quant rating D Rank 683 of 799 in Financials

Growth D 609 of 799
Valuation D 709 of 799
Quality D 572 of 799
Revisions D 617 of 799
Momentum B 259 of 799

Historical valuation

Multiples use consensus estimates for the next twelve months. The dashed line is the 5-year average.

Key data

Market cap: 1.1B
Enterprise value: 1.5B
52-week range: 264.62 – 343.00
3-year range: 182.20 – 343.00
Dividend yield: 4.79%
Beta (5 years): 0.26
Shares outstanding: 3.2M
Next earnings: –

About the company

First National Bank Alaska (the Bank) is a full-service commercial bank. The Bank's principal activities include the receiving and lending of money. The Bank's services include personal, business, commercial, and wealth and trust. The Bank provides trust banking services, escrow and contract collection services, bankcard services, and safe deposit box facilities. The Bank's banking services include checking accounts, savings accounts, money market deposit accounts, CDs & IRAs, debit cards, credit cards and safe deposit services. The Bank offers various loans, which include personal loans, home equity loans, united states small business administration loans, and letters of credit. Its treasury management services include payables solutions, receivables solutions, merchant services, cybersecurity and fraud prevention. The Bank provides these services for business, industry, and individuals primarily within the State of Alaska. The Bank has approximately 27 branches throughout Alaska.

Growth and profitability fiscal year ends December 31

Growth and profitability by fiscal year
	2025	2024	2023	2022	2021	5Y avg
Revenue (mil)	237	244	215	160	147	–
Revenue growth	−3.2%	13.9%	34.1%	8.7%	−1.0%	9.7%
EPS (basic, normalized)	24.48	21.17	18.95	18.39	18.45	–
EPS growth	15.6%	11.7%	3.0%	−0.3%	1.5%	6.1%
Gross margin	–	–	–	–	–	–
Net margin	32.8%	27.4%	28.0%	36.4%	39.7%	32.9%
ROE	–	–	–	–	–	–

Balance sheet, last quarter
Cash & short-term investments (mil)	–
Tier 1 risk-adjusted capital ratio	18.3%
Long-term debt (mil)	–
Net debt (mil)	–
Total equity (mil)	585
Net debt / equity	–

Estimates and valuation

Consensus estimates and implied multiples
	Sales (mil)			Book value per share			EPS
Fiscal year	Mean est.	Growth	EV/Sales	Mean est.	Growth	P/B	Mean est.	Growth	P/E
2025 actual	237	−3.2%	6.4x	–	–	–	–	–	–

Estimate revisions

Change in consensus estimates over 1, 3 and 6 months
	Sales				EPS
Fiscal year	Estimate (mil)	1M	3M	6M	Estimate	1M	3M	6M
2026	–	–	–	–	–	–	–	–
2027	–	–	–	–	–	–	–	–
2028	–	–	–	–	–	–	–	–

Earnings surprises

Reported results versus consensus, last 10 fiscal quarters
Quarter ended	FQ-9	FQ-8	FQ-7	FQ-6	FQ-5	FQ-4	FQ-3	FQ-2	FQ-1	Jun 2005
Sales reported (mil)	–	–	–	–	–	–	–	–	–	4.9
Sales mean (mil)	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–
EPS reported	–	–	–	–	–	–	–	–	–	0.05
EPS mean	–	–	–	–	–	–	–	–	–	–
Surprise	–	–	–	–	–	–	–	–	–	–

Peer comparison Banking Services

Peers in the same industry group, by market capitalization
Company	Market cap	Tier 1 ratio	Net margin	Deposits/loans	FY1 P/E	FY2 P/E	FY1 P/B	FY2 P/B
FBAK First National Bank Alaska	1.1B	18.3%	32.8%	1.22x	–	–	–	–
MBWM Mercantile Bank Corporation	1.1B	12.3%	26.9%	1.11x	11.0x	10.5x	1.4x	1.2x
Mean		15.3%	29.8%	1.17x	11.0x	10.5x	1.4x	1.2x
Median		15.3%	29.8%	1.17x	11.0x	10.5x	1.4x	1.2x

Technical analysis

1M+3.6%
3M+3.9%
1Y+28.9%
3Y+118.4%

Financial statements in millions of USD

Income statement in millions of USD, fiscal years

Income statement, First National Bank Alaska, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Interest income	237	244	215	160	147	149
Total interest expense	47.8	77.6	60.0	14.7	1.6	3.9
Net interest income	189	167	154	145	146	145
Loan loss provision	4.8	0.7	−0.9	−1.2	2.4	2.2
Net interest income after loan loss provision	184	166	155	147	143	143
Non-interest income	29.1	28.2	25.4	24.7	27.0	26.2
Non-interest expense	−109	−104	−98.2	−93.1	−92.3	−91.6
Net income before taxes	104	89.9	82.7	78.2	77.9	77.1
Provision for taxes	26.6	22.8	22.7	19.9	19.5	19.6
Minority interest & equity in affiliates	–	–	–	–	–	–
Other	0	0	0	0	0	0
Net income before extraordinary items	77.5	67.0	60.0	58.2	58.4	57.5
Extraordinary items	–	–	–	–	–	–
Net income	77.5	67.0	60.0	58.2	58.4	57.5
Basic weighted average shares (mil)	3.2	3.2	3.2	3.2	3.2	3.2
Diluted weighted average shares (mil)	3.2	3.2	3.2	3.2	3.2	3.2
Basic EPS excluding extraordinary items	24.48	21.17	18.95	18.39	18.45	18.17
Basic EPS, normalized	24.48	21.17	18.95	18.39	18.45	18.17

Balance sheet in millions of USD, fiscal years

Balance sheet, First National Bank Alaska, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Assets
Cash & due from banks	279	472	923	93.5	532	532
Other earning assets	1,634	1,688	2,061	2,406	2,382	1,648
Net loans	3,051	2,696	2,586	2,619	2,573	2,428
Property, plant & equipment	51.3	51.5	53.1	55.1	50.0	49.7
Goodwill	–	–	–	–	–	–
Intangibles	1.2	1.6	2.1	2.8	3.4	3.5
Long-term investments	–	–	–	–	–	–
Other long-term assets	10.6	25.0	39.5	60.8	3.4	−12.3
Other assets	72.5	62.7	66.0	100	37.0	45.6
Total assets	5,100	4,998	5,731	5,338	5,581	4,695
Liabilities
Accounts payable	–	–	–	–	–	–
Payable/accrued	–	–	–	–	–	–
Accrued expenses	2.5	2.5	2.6	2.8	2.9	1.6
Total deposits	3,735	3,679	3,780	4,225	4,217	3,113
Other bearing liabilities	15.0	15.0	15.0	–	–	–
Short-term borrowings	739	743	1,409	671	782	970
Current portion of long-term debt	–	–	–	–	–	–
Long-term debt	0.1	0.2	0	0	0	0
Minority interest	–	–	–	–	–	–
Other liabilities	39.2	41.1	59.2	31.6	25.3	24.2
Total liabilities	4,531	4,481	5,266	4,930	5,027	4,109
Shareholders' equity
Preferred stock	–	–	–	–	–	–
Common stock	31.7	31.7	31.7	31.7	31.7	31.7
Additional paid-in capital	40.0	40.0	40.0	40.0	40.0	40.0
Retained earnings (accumulated deficit)	522	508	492	482	475	467
Treasury stock	–	–	–	–	–	–
Other equity	−24.5	−63.0	−98.4	−146	8.3	48.1
Total equity	569	517	465	408	555	587
Total liabilities & shareholders' equity	5,100	4,998	5,731	5,338	5,581	4,695

Cash flow statement in millions of USD, fiscal years

Cash flow statement, First National Bank Alaska, fiscal years, most recent first
	2025	2024	2023	2022	2021	2020
Operating activities
Net income	77.5	67.0	60.0	58.2	58.4	57.5
Depreciation, depletion & amortization	4.3	4.5	5.2	5.2	5.3	5.3
Deferred taxes	−0.9	0.5	2.3	3.9	0.2	−1.6
Non-cash items	−7.9	−18.9	5.2	11.6	14.2	6.8
Changes in working capital	4.4	−10.5	14.6	1.7	4.4	−3.2
Cash from operations	77.5	42.8	87.3	80.5	82.4	64.9
Investing activities
Capital expenditures	−3.5	−2.6	−2.4	−8.2	−3.2	−3.1
Other investing cash flows	−249	334	489	−356	−945	−442
Cash from investing	−252	331	487	−364	−948	−445
Financing activities
Financing cash flow items	51.5	−767	308	−103	916	836
Cash dividends paid	−63.3	−50.7	−50.7	−50.7	−50.7	−50.7
Issuance (retirement) of debt, net	–	–	–	–	–	–
Other financing cash flows	−7.2	−7.5	−2.0	−1.0	−0.1	−0.2
Cash from financing	−19.1	−825	256	−154	865	785
Foreign exchange effects	–	–	–	–	–	–
Net change in cash	−194	−451	830	−438	−0.4	405
Free cash flow	73.9	40.2	84.8	72.3	79.3	61.8

Disclaimer

The financial data presented in this report is delayed and obtained from sources QDD Research believes to be reliable, including stock exchanges, SEDAR, and EDGAR. However, no representation or warranty is made as to the accuracy, completeness, or timeliness of the information. QDD Research accepts no liability for any errors, omissions, or financial losses arising from the use of this data.

This report is generated using a fully systematic and quantitative approach. All factor scores and the overall quant rating (ranging from D to A+) are derived from algorithmic models and are based solely on objective financial metrics. These scores are intended for informational purposes only and should not be interpreted as investment advice or a recommendation to buy, sell, or hold any securities.

QDD Research is not a registered investment advisor or broker-dealer and does not provide personalized financial advice. The content is not tailored to the specific investment goals, financial situation, or risk profile of any individual investor. We strongly encourage readers to consult with a licensed broker or investment advisor before making any investment decisions based on the information contained in this report.

Live quote provided by TradingView. Report data updated Nov 2, 2026 after market close.