First National Bank Alaska Announces Unaudited Preliminary Results for First Quarter

First National Bank Alaska's (OTCBB:FBAK) net income for first quarter 2012 was $10.2 million or $31.02 per share. This compares to $8.6 million or $25.82 per share for the same quarter in 2011. The increase in first quarter net income was due primarily to recognition of $1.7 million of interest collected on non-accrual loans that returned to performing status. The first quarter average yield on earning assets decreased 9 basis points to 3.84% from 3.93% for the comparable period in 2011. T...continued FBAK  alaska Banking Financial

URL: http://www.investorpoint.com/news/MARKCOMM/50734363/