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) reported a robust third quarter for 2022, with a net income of $69.0 million, marking a 16% increase from the previous quarter. Total loans surged by $437.6 million to $13.7 billion, while total deposits saw a decline of $509.7 million to $22.1 billion. The net interest margin improved by 33 basis points to 2.93%. The Board declared a quarterly dividend of $0.26 per share, payable on December 2, 2022.
Asset quality remained stable with an allowance for credit losses of $148.2 million.
First Hawaiian, Inc. (NASDAQ: FHB) has appointed Michael Fujimoto to its Board of Directors, enhancing its governance with his extensive experience. Currently serving on the boards of First Hawaiian Bank and HPM Building Supply, Fujimoto's expertise is expected to benefit the Audit and Risk Committees. CEO Bob Harrison praised Fujimoto’s understanding of the strategic direction of the bank, aimed at modernizing operations to meet evolving client demands. This move aligns with the company's goal to strengthen its leadership as Hawaii's largest financial institution.
First Hawaiian, Inc. (NASDAQ: FHB) will release its third quarter 2022 financial results on October 28, 2022, before markets open. A conference call scheduled for the same day at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) will elaborate on these results. Participants need to register via the provided link to receive dial-in details. A live webcast with slides will also be accessible on the company's website and archived for later viewing. First Hawaiian is Hawaii's oldest and largest financial institution, offering a full range of banking services.
First Hawaiian, Inc. (NASDAQ:FHB) reported strong second-quarter results for 2022, with net income of $59.4 million, or $0.46 per diluted share. Total loans and leases rose by $371 million, and deposits increased by $331 million quarter-over-quarter. Net interest income also grew to $145.1 million, marking an 8.4% increase from the previous quarter. The company declared a quarterly cash dividend of $0.26 per share, payable September 2, 2022. Additionally, asset quality remained stable, with non-performing assets decreasing to 0.06% of total loans.
First Hawaiian, Inc. (NASDAQ: FHB) will release its second quarter 2022 financial results on July 29, 2022, before the market opens. Following the release, a conference call will be held at 1:00 p.m. Eastern Time to discuss the results. Participants must register through the provided link to receive dial-in details. A live webcast will also be available, including a slide presentation, with an archive accessible later.
First Hawaiian is the oldest and largest financial institution in Hawaii, offering various banking services across Hawaii, Guam, and Saipan.
First Hawaiian, Inc. (NASDAQ:FHB) reported a strong start to 2022 with a net income of $57.7 million or $0.45 per diluted share for Q1. Total deposits increased by $454.3 million, reaching $22.3 billion. However, total loans and leases decreased by $70.3 million to $12.9 billion, reflecting a decline in PPP loans. A quarterly dividend of $0.26 per share was declared, payable on June 3, 2022. The company recorded a negative provision for credit losses of $5.7 million and a net interest margin of 2.42%.
First Hawaiian, Inc. (NASDAQ: FHB) announced plans to release its first quarter 2022 financial results on April 22, 2022, before market opening. A conference call to discuss these results will occur the same day at 1:00 p.m. Eastern Time. Participants can access the call via phone or through a live webcast. First Hawaiian, headquartered in Honolulu, is the oldest and largest financial institution in Hawaii, offering a wide range of banking services to both consumer and commercial clients.
First Hawaiian, Inc. (NASDAQ:FHB) reported strong fourth-quarter results for 2021, with a net income of $57.0 million, or $0.44 per diluted share. Total loans and leases increased by $127.7 million, while the company declared a quarterly cash dividend of $0.26 per share, payable on March 4, 2022. The board also announced a $75 million stock repurchase program for 2022. However, total deposits dropped by $303.9 million, and noninterest income fell by $8.5 million. The effective tax rate improved to 18.7%. Overall, the company maintains solid credit quality and growing loan portfolios.
First Hawaiian, Inc. (NASDAQ: FHB) announced that Jenai S. Wall, Foodland's Chairman and CEO, will not seek re-election to its Board of Directors at the upcoming annual stockholder's meeting on April 20, 2022. Wall has served for 27 years and is a member of the Compensation and Risk Committees. The board expressed gratitude for her contributions, especially during the pandemic. Additionally, new appointments to the Risk and Compensation Committees were made, with Kelly Thompson and Jim Moffatt joining the former, and Vanessa Washington added to the latter.
First Hawaiian, Inc. (NASDAQ: FHB) is set to release its fourth quarter 2021 financial results on January 21, 2022, before the market opens. The company will also hold a conference call the same day at 1:00 p.m. Eastern Time to discuss the results. Interested parties can join the call by dialing specific numbers ten minutes prior to the start. A live webcast will be available for viewing, along with an archived version afterward. First Hawaiian is the oldest and largest bank in Hawaii, offering various banking services.
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