OTCPK:FBAK

Stock Analysis Report

First National Bank Alaska

Executive Summary

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska.


Snowflake Analysis

Flawless balance sheet with solid track record and pays a dividend.


Similar Companies

Share Price & News

How has First National Bank Alaska's share price performed over time and what events caused price changes?


Latest Share Price and Events

Stable Share Price: FBAK has not had significant price volatility in the past 3 months.


Market Performance


7 Day Return

0.1%

FBAK

-1.0%

US Banks

0.5%

US Market


1 Year Return

-9.3%

FBAK

10.6%

US Banks

20.3%

US Market

Return vs Industry: FBAK underperformed the US Banks industry which returned 10.6% over the past year.

Return vs Market: FBAK underperformed the US Market which returned 20.3% over the past year.


Shareholder returns

FBAKIndustryMarket
7 Day0.1%-1.0%0.5%
30 Day-3.5%-1.2%2.0%
90 Day-3.2%0.4%9.4%
1 Year-4.1%-9.3%13.8%10.6%22.8%20.3%
3 Year61.0%37.4%23.5%14.6%50.1%40.4%
5 Year97.0%55.3%74.0%54.2%73.1%54.1%

Price Volatility Vs. Market

How volatile is First National Bank Alaska's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is First National Bank Alaska undervalued compared to its fair value and its price relative to the market?

14.26x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FBAK ($242.3) is trading above our estimate of fair value ($169.91)

Significantly Below Fair Value: FBAK is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: FBAK is poor value based on its PE Ratio (14.3x) compared to the Banks industry average (12.6x).

PE vs Market: FBAK is good value based on its PE Ratio (14.3x) compared to the US market (18.3x).


Price to Earnings Growth Ratio

PEG Ratio: Insufficient data to calculate FBAK's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: FBAK is overvalued based on its PB Ratio (1.4x) compared to the US Banks industry average (1.2x).


Next Steps

Future Growth

How is First National Bank Alaska forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

2.2%

Forecasted Banks industry annual growth in earnings


In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as First National Bank Alaska has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.


Next Steps

Past Performance

How has First National Bank Alaska performed over the past 5 years?

10.3%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FBAK has high quality earnings.

Growing Profit Margin: FBAK's current net profit margins (35.2%) are higher than last year (33.8%).


Past Earnings Growth Analysis

Earnings Trend: FBAK's earnings have grown by 10.3% per year over the past 5 years.

Accelerating Growth: FBAK's earnings growth over the past year (17.5%) exceeds its 5-year average (10.3% per year).

Earnings vs Industry: FBAK earnings growth over the past year (17.5%) exceeded the Banks industry 12.3%.


Return on Equity

High ROE: FBAK's Return on Equity (9.9%) is considered low.


Return on Assets


Return on Capital Employed


Next Steps

Financial Health

How is First National Bank Alaska's financial position? (This company is analysed differently as a bank or financial institution)


Financial Position Analysis


Debt to Equity History and Analysis


Balance Sheet

Inventory Level: FBAK has a low level of unsold assets or inventory.

Debt Coverage by Assets: FBAK's debt is not covered by short term assets (assets are 0.2x debt).


Financial Institutions Analysis

Asset Level: FBAK's level of assets compared to its equity is low.

Allowance for Bad Loans: FBAK has a sufficient allowance for bad loans.

Low Risk Liabilities: FBAK's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBAK has an acceptable proportion of non-loan assets held.

Low Risk Deposits: FBAK's loans are broadly funded by customer deposits.

Level of Bad Loans: FBAK has an appropriate level of bad loans (0.4%)


Next Steps

Dividend

What is First National Bank Alaska's current dividend yield, its reliability and sustainability?

5.28%

Current Dividend Yield


Upcoming Dividend Payment

Purchase First National Bank Alaska before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company5.3%marketbottom25%1.4%markettop25%3.7%industryaverage2.8%forecastin3Yearsn/a

Current dividend yield vs market & industry

Notable Dividend: FBAK's dividend (5.28%) is higher than the bottom 25% of dividend payers in the US market (1.44%).

High Dividend: FBAK's dividend (5.28%) is in the top 25% of dividend payers in the US market (3.73%)


Stability and Growth of Payments

Stable Dividend: FBAK's dividend payments have been volatile in the past 10 years.

Growing Dividend: FBAK's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: At its current payout ratio (75.3%), FBAK's payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.


Next Steps

Management

How experienced are the management team and are they aligned to shareholders interests?

2.1yrs

Average management tenure


CEO

Betsy Lawer (70yo)

2.1yrs

Tenure

US$255,239

Compensation

Ms. Roxanna E. Lawer, also known as Betsy, has been Chairman of the Board of First National Bank Alaska since June 2015. Ms. Lawer served as the Chief Operating Officer of First National Bank Alaska until  ...


Leadership Team

NamePositionTenureCompensationOwnership
Roxanna Lawer
Chair & CEO2.1yrsUS$255.24kno data
David Lawer
Senior Vice President of Corporate Systems Division and General Counsel0yrsUS$283.68kno data
William Renfrew
Executive VP & Regional Branch Manager Interior Alaska0yrsUS$289.84kno data
Doug Longacre
President & Director0yrsno datano data
Michele Schuh
Executive VP & CFO7yrsno datano data
Philip Griffin
Executive VP & Chief Information Officer7.6yrsno datano data
Cheri Gillian
Executive VP2.1yrsno datano data
Cindi Buzitis
Executive Vice President & Chief Compliance Officer2.1yrsno datano data
Patricia Miller
Senior VP & Human Resources Director1.9yrsno datano data
Charles Weimer
Executive VP & Chief Commercial Lending Officer0yrsno datano data

2.1yrs

Average Tenure

67yo

Average Age

Experienced Management: FBAK's management team is considered experienced (2.1 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Roxanna Lawer
Chair & CEO2.1yrsUS$255.24kno data
Doug Longacre
President & Director0yrsno datano data
Margy Johnson
Independent Director27.1yrsno datano data
Loren Lounsbury
Independent Director34.1yrsno datano data
Perry Eaton
Lead Director0yrsno datano data
Jane Klopfer
Director0yrsno datano data
Julie Taylor
Director0yrsno datano data
Lucy Mahan
Vice Chairman of the Board4.6yrsno datano data
Tom Barrett
Director4.3yrsno datano data
Tom Tougas
Director4.1yrsno datano data

4.7yrs

Average Tenure

70yo

Average Age

Experienced Board: FBAK's board of directors are considered experienced (4.7 years average tenure).


Ownership

Who are the major shareholders and have insiders been buying or selling?


Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.


Top Shareholders

Company Information

First National Bank Alaska's company bio, employee growth, exchange listings and data sources


Key Information

  • Name: First National Bank Alaska
  • Ticker: FBAK
  • Exchange: OTCPK
  • Founded: 1922
  • Industry: Regional Banks
  • Sector: Banks
  • Market Cap: US$769.641m
  • Shares outstanding: 3.17m
  • Website: https://www.fnbalaska.com

Location

  • First National Bank Alaska
  • 101 West 36th Avenue
  • Anchorage
  • Alaska
  • 99503
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
FBAKOTCPK (Pink Sheets LLC)YesCommon StockUSUSDOct 1990

Biography

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. It offers personal banking products and services, including savings and checking accounts; money market deposits and safe deposit services; certificates of deposit; individual retirement accounts; and personal and home equity loans. The company also provides business banking products and services, such as business checking and savings accounts, and money market deposits; cash management, safe deposit, and merchant services; and loans for stability and growth. In addition, it offers debit and credit cards, trust and investment management, online and mobile banking, escrow, and convenience banking services. The company operates through 29 branches. First National Bank Alaska was founded in 1922 and is headquartered in Anchorage, Alaska. 


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/02/20 00:05
End of Day Share Price2020/02/19 00:00
Earnings2019/09/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.