First National Bank Alaska (FBAK) AI Stock Analysis

• Market Cap: $1.04B
• Dividend Yield: 6.67%
• Average Volume (3M): 347.00
• Price to Earnings (P/E): 12.6
• Beta (1Y): 0.21
• Revenue Growth: 39.53%
• EPS Growth: 21.60%
• Country: US
• Employees: 608
• Sector: Financial
• Sector Strength: 70
• Industry: Banks - Regional
• EPS (TTM): 6.33
• Shares Outstanding: 3,320,000
• 10 Day Avg. Volume: 426
• 30 Day Avg. Volume: 347
• PEG Ratio: 0.94
• Price to Book (P/B): 1.43
• Price to Sales (P/S): 2.71
• P/FCF Ratio: 19.63
• Enterprise Value/Market Cap: 1.23
• Enterprise Value/Revenue: 4.18
• Enterprise Value/Gross Profit: 6.31
• Enterprise Value/Ebitda: 13.02
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 71 Outperform
• Price Target: $323.00 ▲(6.96% Upside)
• Action: Reiterated Date: 12/30/25
• Date: Action: Reiterated 12/30/25

The score is primarily driven by solid financial performance (good profitability and growth, but pressured by 2024 margin compression and weaker operating cash flow) and an attractive valuation profile (moderate P/E and high dividend yield). Technicals are supportive on a longer-term trend but near-term momentum is neutral.

Positive Factors

Revenue Growth

Consistent revenue growth indicates expanding market reach and successful product offerings, which are crucial for long-term business sustainability.

Operational Efficiency

Strong operational efficiency suggests effective cost management and the ability to maintain profitability, enhancing long-term competitiveness.

Cash Generation Ability

A strong cash generation ability ensures the bank can fund operations and growth initiatives, supporting financial stability and strategic flexibility.

Negative Factors

Leverage Concerns

Moderate leverage can limit financial flexibility and increase risk, potentially impacting the bank's ability to respond to economic changes.

Equity Position

A lower equity ratio may indicate reliance on debt, which can be risky in volatile markets and may affect long-term financial health.

Cost Absorption Challenges

Challenges in cost absorption can pressure profit margins, potentially affecting profitability and requiring strategic cost management improvements.

First National Bank Alaska Business Overview & Revenue Model

Company Description

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. The company offers savings and checking accounts; money market deposits and safe deposit services; certificates of deposit; individual retirement accounts; and personal, home equity, and construction loans, as well as loans for stability and growth. It also provides cash, trust, investment, and wealth management; bankcard; and escrow and contract collection, and merchant services. In addition, the company offers debit and credit cards, online and mobile banking, and convenience banking services. It operates through 27 branches. The company was founded in 1922 and is headquartered in Anchorage, Alaska.

How the Company Makes Money

First National Bank Alaska generates revenue primarily through the interest income from loans and credit facilities extended to its customers. This includes personal loans, business loans, and mortgages. Additionally, the bank earns money from fees associated with its banking services such as account maintenance, ATM usage, and transaction fees. Wealth management and investment advisory services also contribute to its revenue streams. The bank benefits from its strategic position in Alaska, where it serves a diverse clientele, and through its relationships with local businesses and government bodies, which enhance its deposit base and loan portfolio. FBAK's earnings are also supported by prudent financial management and a focus on maintaining a strong asset base.

First National Bank Alaska Financial Statement Overview

Summary

Strong profitability and solid, accelerating revenue growth support the score, with steady ~13% ROE and improving leverage year over year. Offsetting factors include 2024 margin compression and a notable decline in operating cash flow, which reduces cushion if banking conditions tighten.

Income Statement

Revenue growth has been solid and accelerating recently (2024 up ~10% vs. ~8% in 2023), and profitability remains strong with healthy net income levels. However, margins stepped down in 2024 versus 2022–2023 (net margin fell to ~25% from ~33–35%, and operating profitability also compressed), suggesting some pressure from funding costs/credit normalization or mix shifts.

Balance Sheet

Leverage is moderate-to-high for a regional bank, with debt-to-equity around ~1.47 in 2024 (improved from ~1.71 in 2023), showing a better capital posture year over year. Returns on equity are steady around ~13%, a positive signal of capital productivity, but the balance sheet still relies meaningfully on debt funding, which can limit flexibility in tougher rate/credit environments.

Cash Flow

Free cash flow tracks net income well (free cash flow running at ~90–97% of net income across years, ~94% in 2024), indicating earnings quality is generally supported by cash generation. The key weakness is volatility and a sharp drop in operating cash flow in 2024 (to ~$40M from ~$87M in 2023), and operating cash flow is small relative to the balance sheet scale, which reduces cushion if conditions tighten.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	305.46M	272.55M	237.10M	181.97M	171.85M	172.62M
Gross Profit	202.66M	194.47M	178.00M	168.57M	167.84M	166.51M
EBITDA	98.13M	89.89M	87.84M	83.31M	82.90M	82.42M
Net Income	74.04M	67.05M	60.01M	58.23M	58.41M	57.53M
Balance Sheet
Total Assets	4.92B	5.01B	5.73B	5.34B	5.58B	4.70B
Cash, Cash Equivalents and Short-Term Investments	2.21B	0.00	3.31B	2.91B	3.37B	2.40B
Total Debt	746.81M	760.98M	1.42B	670.97M	781.70M	969.77M
Total Liabilities	4.37B	4.49B	5.27B	4.93B	5.03B	4.11B
Stockholders Equity	550.13M	516.56M	464.79M	407.55M	554.53M	586.59M
Cash Flow
Free Cash Flow	0.00	37.61M	84.84M	72.30M	79.27M	61.80M
Operating Cash Flow	0.00	40.19M	87.26M	80.53M	82.42M	64.91M
Investing Cash Flow	0.00	333.94M	486.83M	-364.46M	-947.79M	-445.02M
Financing Cash Flow	0.00	-825.11M	255.78M	-154.48M	864.95M	784.83M

First National Bank Alaska Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 301.99
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For FBAK, the sentiment is Positive. The current price of 301.99 is below the 20-day moving average (MA) of 306.89, below the 50-day MA of 302.02, and above the 200-day MA of 269.82, indicating a bullish trend. The MACD of 1.67 indicates Positive momentum. The RSI at 59.32 is Neutral, neither overbought nor oversold. The STOCH value of 87.00 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for FBAK.

First National Bank Alaska Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ESQ	79 Outperform	$892.01M	17.59	19.19%	0.66%	17.98%	14.35%
FMBH	75 Outperform	$1.01B	10.99	9.74%	2.43%	3.54%	12.23%
FBAK	71 Outperform	$1.04B	12.62	31.96%	6.67%	39.53%	21.60%
SBSI	70 Outperform	$947.08M	13.74	8.53%	4.59%	-4.08%	-16.80%
UVSP	70 Outperform	$954.28M	10.80	9.61%	2.59%	4.49%	20.44%
Sector *	68 Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
NBN	65 Neutral	$899.09M	10.89	19.62%	0.04%	33.22%	38.44%