OTCPK:FBAK

Stock Analysis Report

NOT FOR DISTRIBUTION
Header cover image

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. More Details


Snowflake Analysis

Flawless balance sheet average dividend payer.


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

3.5%

FBAK

-1.3%

US Banks

0.09%

US Market


1 Year Return

-15.3%

FBAK

-26.7%

US Banks

12.6%

US Market

Return vs Industry: FBAK exceeded the US Banks industry which returned -26.7% over the past year.

Return vs Market: FBAK underperformed the US Market which returned 12.6% over the past year.


Shareholder returns

FBAKIndustryMarket
7 Day3.5%-1.3%0.09%
30 Day-2.0%0.3%-1.6%
90 Day4.7%-3.5%7.9%
1 Year-10.4%-15.3%-24.0%-26.7%15.2%12.6%
3 Year40.0%18.3%-15.5%-22.4%38.9%29.6%
5 Year81.1%38.9%21.0%6.1%87.6%66.5%

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?

11.39x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: FBAK ($200) is trading above our estimate of fair value ($154.02)

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 (11.4x) compared to the US Banks industry average (9.7x).

PE vs Market: FBAK is good value based on its PE Ratio (11.4x) compared to the US market (18.2x).


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 (1.2x) compared to the US Banks industry average (0.8x).


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?

27.2%

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?

10.7%

Historical annual earnings growth


Earnings and Revenue History

Quality Earnings: FBAK has high quality earnings.

Growing Profit Margin: FBAK's current net profit margins (35.8%) are lower than last year (36.8%).


Past Earnings Growth Analysis

Earnings Trend: FBAK's earnings have grown by 10.7% per year over the past 5 years.

Accelerating Growth: FBAK's earnings growth over the past year (2.9%) is below its 5-year average (10.7% per year).

Earnings vs Industry: FBAK earnings growth over the past year (2.9%) exceeded the Banks industry -3.1%.


Return on Equity

High ROE: FBAK's Return on Equity (10.2%) is considered low.


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


Financial Institutions Analysis

Asset Level: FBAK's Assets to Equity ratio (7x) is low.

Allowance for Bad Loans: FBAK has a sufficient allowance for bad loans (286%).

Low Risk Liabilities: 73% of FBAK's liabilities are made up of primarily low risk sources of funding.

Loan Level: FBAK has an appropriate level of Loans to Assets ratio (52%).

Low Risk Deposits: FBAK's Loans to Deposits ratio (83%) is appropriate.

Level of Bad Loans: FBAK has an appropriate level of bad loans (0.3%).


Next Steps

Dividend

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

6.40%

Current Dividend Yield


Upcoming Dividend Payment


Dividend Yield vs Market

Notable Dividend: FBAK's dividend (6.4%) is higher than the bottom 25% of dividend payers in the US market (1.66%).

High Dividend: FBAK's dividend (6.4%) is in the top 25% of dividend payers in the US market (4.7%)


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: With its reasonable payout ratio (72.9%), 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

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

2.7yrs

Average management tenure


CEO

Betsy Lawer (71 yo)

2.67yrs

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 & CEO2.67yrsUS$255.24kno data
David Lawer
Senior Vice President of Corporate Systems Division and General Counselno dataUS$283.68kno data
William Renfrew
Executive VP & Regional Branch Manager Interior Alaskano dataUS$289.84kno data
Doug Longacre
President & Directorno datano datano data
Michele Schuh
Executive VP & CFO7.58yrsno datano data
Philip Griffin
Executive VP & Chief Information Officer - Information Technology Division8.17yrsno datano data
Cheri Gillian
Executive VP2.67yrsno datano data
Cindi Buzitis
Executive VP and Chief Compliance Officer - Bank Support & Compliance Division2.67yrsno datano data
Patricia Miller
Senior VP & Human Resources Director2.5yrsno datano data
Charles Weimer
Executive VPno datano datano data
Craig Thorn
Senior VP & Regional Branch Managerno datano datano data
Ryan Strong
Executive VP and Chief Banking Officer - Retail Banking & Cash Management Divisionno datano datano data

2.7yrs

Average Tenure

62yo

Average Age

Experienced Management: FBAK's management team is considered experienced (2.7 years average tenure).


Board Members

NamePositionTenureCompensationOwnership
Roxanna Lawer
Chair & CEO2.67yrsUS$255.24kno data
Doug Longacre
President & Directorno datano datano data
Margy Johnson
Independent Director27.67yrsno datano data
Perry Eaton
Independent Lead Directorno datano datano data
Jane Klopfer
Directorno datano datano data
Julie Taylor
Directorno datano datano data
Lucy Mahan
Vice Chairman of the Board5.17yrsno datano data
Tom Barrett
Director4.83yrsno datano data
Tom Tougas
Director4.67yrsno datano data

5.2yrs

Average Tenure

71yo

Average Age

Experienced Board: FBAK's board of directors are considered experienced (5.2 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$633.377m
  • 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 savings and checking accounts; ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2020/09/20 05:41
End of Day Share Price2020/09/18 00:00
Earnings2019/12/31
Annual Earnings2019/12/31


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.