Welcome to our dedicated page for First Hawaiian news (Ticker: FHB), a resource for investors and traders seeking the latest updates and insights on First Hawaiian stock.
First Hawaiian, Inc. (NASDAQ:FHB) is a prominent bank holding company headquartered in Honolulu, Hawaii. The company’s primary subsidiary, First Hawaiian Bank, was established in 1858 under the name Bishop & Company and is Hawaii’s oldest and largest financial institution. With a widespread presence, it operates numerous branch locations across Hawaii, Guam, and Saipan.
First Hawaiian, Inc. offers a diverse range of banking services to both consumer and commercial customers. These services include deposit products such as checking, savings accounts, and other deposit types, along with comprehensive lending services encompassing residential real estate, indirect auto financing, commercial real estate, and construction loans. Additionally, the company provides wealth management, insurance, trust, retirement planning, credit card services, and merchant processing services.
First Hawaiian, Inc. is segmented into three primary divisions: Retail Banking, Commercial Banking, and Treasury. The Retail Banking segment, which includes services like checking and savings accounts, generates a significant portion of the company’s revenue.
In recent developments, First Hawaiian, Inc. has demonstrated resilience amid challenging market conditions. The company's second and third quarters of 2023 showcased steady growth in loans and capital, although there were slight decreases in deposits and net interest income. Despite these fluctuations, credit quality remains high, and non-performing assets are maintained at minimal levels.
The company's strong balance sheets reflect total assets of $24.5 billion as of June 30, 2023, slightly increasing to $24.9 billion by September 30, 2023. Gross loans and leases stood at approximately $14.4 billion by the end of the third quarter of 2023. Notably, First Hawaiian Bank prides itself on maintaining excellent credit quality and solid profitability measures.
First Hawaiian, Inc. is also committed to supporting its community, especially in times of crisis, as evidenced by its response to the wildfires in Maui during the third quarter of 2023. The company continues to prioritize helping its customers and communities during such events.
For more comprehensive information about First Hawaiian, Inc., visit their official website at www.fhb.com.
First Hawaiian, Inc. (NASDAQ: FHB) announced its plans to release first quarter 2023 financial results on April 28, 2023, before the market opens. A conference call will be held the same day at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) to discuss these results. Participants can register for the call through a specific link to receive dial-in information. Additionally, a live webcast of the call, including a slide presentation, will be hosted on the company’s website, with an archive available afterwards. First Hawaiian is the oldest and largest financial institution in Hawaii, offering a range of banking services including loans, wealth management, and online banking.
First Hawaiian, Inc. (NASDAQ:FHB) reported a solid fourth quarter for 2022, closing with a net income of $79.6 million, or $0.62 per diluted share. Key highlights include a $391.6 million increase in total loans and leases, improving the net interest income by 5.6% to $171.8 million, and a net interest margin rise of 22 basis points to 3.15%. However, total deposits fell by $402.7 million. The Board declared a quarterly dividend of $0.26 per share, payable on March 3, 2023, and approved a stock repurchase program of up to $40 million for 2023. Total assets amounted to $24.6 billion with a provision for credit losses of $3 million, reflecting solid credit quality.
First Hawaiian, Inc. (NASDAQ: FHB) will release its fourth quarter 2022 financial results on January 27, 2023, before market opening. A conference call is scheduled for the same day at 1:00 p.m. Eastern Time (8:00 a.m. Hawaii Time) to discuss the results. Participants can register for the call via a provided link to receive dial-in information. Additionally, a live webcast and slide presentation will be accessible for viewing on the company's website, with an archive available afterward.
First Hawaiian, Inc. (NASDAQ:FHB) has appointed James M. Moses as Vice Chairman and Chief Financial Officer, effective January 3, 2023. Moses brings over 20 years of banking experience, previously serving as EVP and CFO at First Bank in St. Louis, as well as roles at Berkshire Hills Bancorp and Webster Bank. His expertise in financial growth and technology enhancements is expected to benefit First Hawaiian's ongoing initiatives. The company acknowledges Ralph Mesick for his interim service as CFO during the transition.
First Hawaiian, Inc. (NASDAQ: FHB) has appointed Dr. Mark Mugiishi to its Board of Directors and the Board of Directors of First Hawaiian Bank, effective December 6, 2022. Dr. Mugiishi will also join the Risk Committee. His extensive background in medicine and leadership roles at Hawaii Medical Service Association positions him as a valuable addition to the team. The company emphasizes its commitment to enhancing digital offerings while providing personalized service to customers, aligning with its core mission.
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