First National Bank Alaska Q1 profit rises on higher net interest margin

First National Bank Alaska

06/05/2026 23:28

Overview

Alaska community bank's Q1 net income and EPS rose yr/yr on higher net interest margin

Company's assets and loans grew, supported by strong deposit growth and retained earnings

Noninterest expenses rose 10% due to higher salaries, headcount, and healthcare costs

Outlook

Company did not provide specific guidance for the current or future periods

Result Drivers

NET INTEREST MARGIN - Co said higher yields on earning assets and lower interest expense drove net interest margin improvement

LOAN AND ASSET GROWTH - Growth in loans and assets was supported by strong deposit inflows and retained earnings

CREDIT LOSS BENEFIT - Provision for credit losses was a benefit in Q1, compared to an expense in prior year

Company press release: ID:nGNX34B51t

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 EPS
$6.68
Q1 Net Income
$21.17 mln
Q1 Net Interest Margin
3.98%
Q1 Provision For Loan Losses
-$274,000
Q1 ROE
14.78%


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)