First National Bank Alaska GAAP EPS of $4.54, Revenue of $44.11M (OTCMKTS:FBAK)

National Bank of Alaska (OTCQX:FBAK) first press release: Q4 GAAP EPS of $4.54.

Revenue of $44.11 million (-1.8% YoY).

Total loans increased by $99.8 million to $2.2 billion with strong growth in real estate loans.

The market value of fixed income securities fell due to a sharp increase in market interest rates.

Deposits and repurchase agreements totaled $4.9 billion as of December 31, 2022, a decrease of $102.8 million year-to-date, following two prior fiscal periods of historic deposit growth.

Net interest margin as of December 31, 2022 of 2.66%, down from 2.88% in December 2021.

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