The bank said loans, deposits and profitability improved from a year earlier, while its Tier 1 leverage ratio of 11.95% remained above well-capitalized standards.
First National Bank Alaska reported second-quarter 2026 net income of $20.8 million, or $6.58 per share, up from $18.4 million, or $5.80 per share, in the same period of 2025. Return on assets rose to 1.65% from 1.46% a year earlier, while return on equity increased to 14.56% from 13.53%. The bank said the quarter reflected continued growth in loans and deposits, higher interest income and a wider net interest margin, alongside operating expense growth tied mainly to salaries and headcount. Assets reached $5.1 billion as of June 30, 2026, up $200.0 million from a year earlier, and total loans rose to $2.8 billion, including increases of $11.7 million during the quarter, $110.5 million year to date, and $230.8 million from June 30, 2025. Deposits and repurchase agreements totaled $4.5 billion, up $152.1 million from a year earlier. Asset quality remained solid, with nonperforming loans at $13.2 million, or 0.47% of outstanding loans, and the allowance for credit losses at $22.4 million, or 0.79% of total loans. Net interest margin improved to 4.01% from 3.69% as loan yields and earning-asset mix strengthened, while the efficiency ratio improved to 49.48% from 50.58%. Shareholders’ equity rose to $585.2 million, book value per share increased to $184.79, and the bank’s Tier 1 leverage capital ratio stood at 11.95%, above the regulatory well-capitalized minimum of 5.00%.