First National Bank Alaska Announces Unaudited Preliminary Results for Third Quarter

First National Bank Alaska's (OTCBB:FBAK) net income for third quarter 2011 was $9.6 million or $28.85 per share. This compares to $10.6 million or $31.84 per share for the same quarter in 2010. Year-to-date net income of $26.6 million or $80.14 per share compares with $29.7 million or $89.57 per share through the first nine months of 2010. The decrease in year-to-date and third quarter net income was due primarily to lower yields on loans and investment securities, as the current economic env...continued FBAK  mortgage bank alaska

URL: http://www.investorpoint.com/news/OTCBULLB/45414230/