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ANCHORAGE, Alaska, July 30, 2026 (GLOBE NEWSWIRE) -- At the First National Bank Alaska Board of Directors meeting held July 30, 2026, a cash dividend of $4.00 per share was declared, payable on Sept. 15, 2026, to shareholders of record as of Sept. 1, 2026.

First National Bank Alaska is well-capitalized with strong returns, but I rate it a hold due to emerging risks. NPLs have nearly tripled year-over-year, signaling potential credit quality concerns despite currently manageable ratios. FBAK's heavy reliance on Alaska's oil and seafood sectors introduces concentration risk, especially as seafood jobs decline.

ANCHORAGE, Alaska, May 06, 2026 (GLOBE NEWSWIRE) -- First National Bank Alaska's (OTCQX:FBAK) net income for the first quarter of 2026 was $21.2 million, or $6.68 per share. This compares to a net income of $17.7 million, or $5.60 per share, for the same period in 2025. Return on assets increased to 1.67%, an improvement of 25 basis points over March 31, 2025, driven by higher net income.