First National Bank Alaska press release ( OTCQX:FBAK ): Q4 GAAP EPS of $4.54.
Revenue of $44.11M (-1.8% Y/Y).
Total loans increased $99.8 million to $2.2 billion with strong growth in real estate loans.
Fixed income securities declined in market value due to the steep increase in market interest rates.
Deposits and repurchase agreements totaled $4.9 billion as of December 31, 2022, decreasing $102.8 million year-to-date, following two prior fiscal periods of historical deposit growth.
The December 31, 2022 year-to-date net interest margin at 2.66% decreased from 2.88% as of December 2021.
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First National Bank Alaska GAAP EPS of $4.54, revenue of $44.11M