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

Fundamentals

Flawless balance sheet with proven 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


Market Performance


7 Day Return

-0.8%

FBAK

2.7%

US Banks

0.4%

US Market


1 Year Return

-13.9%

FBAK

2.7%

US Banks

6.9%

US Market

Return vs Industry: FBAK underperformed the US Banks industry which returned 2.7% over the past year.

Return vs Market: FBAK underperformed the US Market which returned 6.9% over the past year.


Shareholder returns

FBAKIndustryMarket
7 Day-0.8%2.7%0.4%
30 Day-2.1%0.7%-1.1%
90 Day-5.2%3.0%-0.5%
1 Year-9.0%-13.9%5.7%2.7%9.3%6.9%
3 Year64.3%38.6%52.1%41.6%45.8%36.4%
5 Year75.9%38.2%69.2%50.7%62.9%45.1%

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?

13.56x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Undervalued: FBAK ($235) is trading above our estimate of fair value ($132.93)

Significantly Undervalued: 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 (13.6x) compared to the Banks industry average (12.6x).

PE vs Market: FBAK is good value based on its PE Ratio (13.6x) compared to the US market (17.6x).


Price to Earnings Growth Ratio

Low 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?

2.5%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: FBAK's forecast earnings growth (2.5% per year) is below the savings rate (2.7%).

Earnings vs Market: FBAK's earnings (2.5% per year) are forecast to grow slower than the US market (14.6% per year).

High Growth Earnings: FBAK's earnings are forecast to grow, but not significantly.

Revenue vs Market: Insufficient data to determine if FBAK's revenue is forecast to grow faster than the US market.

High Growth Revenue: Insufficient data to determine if FBAK's revenue is forecast to grow faster than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: Insufficient data to determine if FBAK's Return on Equity is forecast to be high in 3 years time


Next Steps

Past Performance

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

10.0%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: FBAK's earnings have grown by 10% per year over the past 5 years.

Accelerating Growth: FBAK's earnings growth over the past year (32%) exceeds its 5-year average (10% per year).

Earnings vs Industry: FBAK earnings growth over the past year (32%) exceeded the Banks industry 29.6%.


Return on Equity

High ROE: FBAK's Return on Equity (10.3%) is considered low.


Return on Assets

ROA vs Industry: FBAK has a higher Return on Assets than the Banks industry average last year.


Return on Capital Employed

ROCE Improving: Insufficient data to calculate FBAK's Return on Capital Employed to determine if it has improved over the past 3 years.


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?

5.45%

Current Dividend Yield


Dividend Yield vs Market

company5.4%marketbottom25%1.4%markettop25%3.7%industryaverage3.0%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: FBAK's dividend (5.45%) is higher than the bottom 25% of dividend payers in the US market (1.45%).

High Dividend: FBAK's dividend (5.45%) is in the top 25% of dividend payers in the US market (3.73%)

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: With its reasonable payout ratio (73.8%), FBAK's dividend 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

What is the CEO of First National Bank Alaska's salary, the management and board of directors tenure and is there insider trading?

1.8yrs

Average management tenure


CEO

Betsy Lawer (70yo)

1.8yrs

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  ...


Management Age and Tenure

1.8yrs

Average Tenure

67yo

Average Age

Experienced Management: FBAK's management team is not considered experienced ( 1.8 years average tenure), which suggests a new team.


Board Age and Tenure

4.3yrs

Average Tenure

70yo

Average Age

Experienced Board: FBAK's board of directors are considered experienced (4.3 years average tenure).


Insider Trading

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


Ownership Breakdown


Management Team

  • Betsy Lawer (70yo)

    Chair & CEO

    • Tenure: 1.8yrs
    • Compensation: US$255.24k
  • David Lawer (69yo)

    Senior Vice President of Corporate Systems Division and General Counsel

    • Tenure: 0yrs
    • Compensation: US$283.68k
  • Bill Renfrew (72yo)

    Executive VP & Regional Branch Manager Interior Alaska

    • Tenure: 0yrs
    • Compensation: US$289.84k
  • Charles Weimer (59yo)

    Executive VP & Chief Commercial Lending Officer

    • Tenure: 0yrs
  • Phil Griffin (61yo)

    Executive VP & Chief Information Officer

    • Tenure: 7.3yrs
  • Doug Longacre (67yo)

    President & Director

    • Tenure: 0yrs
  • Michele Schuh

    Executive VP & CFO

    • Tenure: 6.7yrs
  • Cheri Gillian (60yo)

    Executive VP

    • Tenure: 1.8yrs
  • Cindi Buzitis

    Executive Vice President & Chief Compliance Officer

    • Tenure: 1.8yrs
  • Patty Miller

    Senior VP & Human Resources Director

    • Tenure: 1.6yrs

Board Members

  • Betsy Lawer (70yo)

    Chair & CEO

    • Tenure: 1.8yrs
    • Compensation: US$255.24k
  • Margy Johnson (70yo)

    Independent Director

    • Tenure: 26.8yrs
  • Doug Longacre (67yo)

    President & Director

    • Tenure: 0yrs
  • Loren Lounsbury (84yo)

    Independent Director

    • Tenure: 33.8yrs
  • Perry Eaton

    Lead Director

    • Tenure: 0yrs
  • Jane Klopfer

    Director

    • Tenure: 0yrs
  • Julie Taylor

    Director

    • Tenure: 0yrs
  • Lucy Mahan

    Vice Chairman of the Board

    • Tenure: 4.3yrs
  • Tom Barrett

    Director

    • Tenure: 3.9yrs
  • Tom Tougas

    Director

    • Tenure: 3.8yrs

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$744.608m
  • 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 s ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/19 23:37
End of Day Share Price2019/10/18 00:00
Earnings2019/06/30
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.