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First National Bank Alaska Announced Unaudited Results for Fourth Quarter and Year-to-Date 2020


Press release content from Business Wire. The AP news staff was not involved in its creation.
First National Bank Alaska Announced Unaudited Results for Fourth Quarter and Year-to-Date 2020
February 5, 2021 GMT
ANCHORAGE, Alaska (BUSINESS WIRE) Feb 4, 2021
First National Bank Alaska’s (OTCQX:FBAK) unaudited net income for fourth quarter 2020 was $13.3 million, or $4.19 per share. This compares to a net income of $14.2 million, or $4.49 per share, for the same period in 2019. Unaudited year-to-date net income was $57.5 million, or $18.17 per share, compared to net income of $55.6 million, or $17.56 per share for the same period in 2019.
Total interest and loan fee income for fourth quarter 2020 was $36.2 million, a decrease of 6.2% from fourth quarter 2019 on lower annual yields on earning assets. The blended yield on interest-earning assets decreased to 3.54% from 4.15% for the 12-month periods ending December 31, 2020 and 2019, respectively. Lower yields on ....

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