First National Bank Alaska Unaudited Results Announced for First Quarter 2013
06 Maio 2013 - 4:26PM
Business Wire
First National Bank Alaska’s (OTCBB:FBAK) net
income for first quarter 2013 was $8.4 million or $26.02 per share.
This compares to $10.2 million or $31.02 per share for the same
quarter in 2012.
The decrease in first quarter net income was due in large
part to $1.7 million in interest income recognized March 2012 on
loans returned to performing status. The year-to-date average yield
on earning assets decreased 26 basis points to 3.33% from the
adjusted yield of 3.59% for the same period in 2012.
Non interest sources of income decreased 11% comparatively
and noninterest expenses decreased 4.4%. The impact of
reduced bankcard revenues from increased competition and regulatory
impact was lessened by strong volumes in mortgage loan origination
and loan servicing income.
Alaskan-owned and operated since 1922, First National
proudly meets the financial needs of Alaskans with ATMs and 30
branches in 18 communities throughout the state. Forbes named the
bank one of the nation's Top 100 Most Trustworthy Companies in 2012
and 2013. Visit FNBAlaska.com for more
information about Alaska's largest locally-owned bank and access to
efficient and secure online banking services.
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