Member News
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First National Bank Alaska surpasses $1 billion market capitalizationRelease: 3/2/2026
ANCHORAGE, AK – First National Bank Alaska (OTCQX: FBAK) reached a significant milestone on Feb. 26, 2026, surpassing a $1 billion market capitalization for the first time in the bank’s history. Common shares traded in a daily range of $311.70 to $328.45, closing at $322.50 per share. The bank’s 3,166,885 outstanding shares reflected a record-high total market value of equity totaling $1.021 billion as of market close. As of the date of this announcement, FBAK common shares are up more than 33% since
First National Bank Alaska contributes more than $1 million to Alaska organizations in 2025
Fourth-quarter contributions of $574,711 pushed the total given to Alaska communities by First National Bank Alaska and its employees to more than $1 million in 2025. Total contributions include charitable gifts, activity sponsorships and in-kind donations of time and talent during the past year. “Our great communities are at the heart of what makes Alaska such a wonderful place to live, work and play,” said Board Chair and CEO/President Betsy Lawer. “Investing in their success directly enhances quality
First National Bank Alaska announces unaudited results for fourth quarter 2025
ANCHORAGE, AK – First National Bank Alaska’s (OTCQX:FBAK) net income for the fourth quarter of 2025 was $20.1 million, or $6.33 per share. This compares to a net income of $20.0 million, or $6.29 per share, for the same period in 2024. “Fourth quarter results capped another year of exceptional financial performance,” said First National Board Chair and CEO/President Betsy Lawer. “Total assets exceeded five billion dollars, driven by record annual loan growth that strengthened our earning asset mix. Fourth
First National ranked as the second-top bank in the nation by Forbes
ANCHORAGE – Forbes named First National Bank Alaska as the second-ranked bank in the United States on its 17th annual America’s Best Banks list. First National is the only bank in Alaska to make the list. The global media company ranks the 100 strongest banks by 11 metrics, including growth, credit quality, profitability, efficiency ratio and stock performance. “This recognition is a tribute to the team of 633 Alaskans across the state who don’t show up every day to be simply average,” said Board Chair
