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 the resignation of CFO Ravi Mallela, effective January 7, 2022, for personal reasons. Ralph Mesick, Vice Chairman and Chief Risk Officer, will assume the interim CFO role starting January 8, 2022, while the company searches for a permanent replacement. Mallela has been part of the management team for three years and thanked the bank for the opportunity to serve. First Hawaiian, Inc. is Hawaii's oldest and largest financial institution, offering a broad range of banking services.
First Hawaiian, Inc. (NASDAQ:FHB) reported strong third-quarter results for the period ended September 30, 2021. Key highlights include a net income of $64.3 million, or $0.50 per diluted share, and total assets surpassing $25 billion for the first time. Total deposits increased by $1.3 billion, while total loans and leases declined by $269.4 million due to a drop in PPP loans. A quarterly cash dividend of $0.26 per share was declared, with a negative provision for credit losses of $4.0 million recorded. The net interest margin decreased to 2.36% from 2.46% in the previous quarter.
First Hawaiian, Inc. (NASDAQ: FHB) will release its third quarter 2021 financial results on October 22, 2021, prior to market opening. A conference call to discuss these results is scheduled for the same day at 1:00 p.m. Eastern Time. Participants can access the call by dialing (844) 452-2942 for US/Canada or (574) 990-9846 internationally. The call will be available via a live webcast on the company's website, with an archive accessible later. First Hawaiian is Hawaii's largest and oldest financial institution, offering a wide range of banking services.
First Hawaiian, Inc. (NASDAQ:FHB) reported a net income of $86.7 million ($0.67 per diluted share) for Q2 2021, reflecting the recovery of tourism and local economy growth. Total deposits increased by $701.4 million (3.5%), while total loans decreased by $196.5 million (1.5%). A $35 million negative provision for credit losses was recorded, indicating improved credit quality. The Board declared a $0.26 per share dividend, payable September 3, 2021. The company's total assets reached $24.2 billion, with a net interest income of $131.5 million.
First Hawaiian, Inc. (NASDAQ: FHB) has appointed James S. Moffatt and Kelly A. Thompson to its Board of Directors. Moffatt, former CEO of Deloitte Consulting, brings expertise in strategy and transformation, while Thompson, previously COO of samsclub.com, offers insights in ecommerce and technology. Chairman Bob Harrison emphasized their roles in transitioning to a Digital First organization. The appointments aim to leverage technology in enhancing customer service in First Hawaiian Bank, the state's largest financial institution.
First Hawaiian, Inc. (NASDAQ: FHB) plans to release its Q2 2021 financial results on July 23, 2021, before the market opens. A conference call will follow at 1:00 p.m. ET (7:00 a.m. HT) to discuss the results. Participants can join by dialing (844) 452-2942 for US/Canada or (574) 990-9846 for international attendees. A live webcast will also be available at www.fhb.com/earnings. A replay will be accessible until July 30, 2021.
First Hawaiian, Inc. (NASDAQ:FHB) reported its Q1 2021 financial results, showcasing a net income of $57.7 million or $0.44 per diluted share. The company originated $459 million in PPP loans and saw total deposits rise by $906 million (4.7%) versus the prior quarter. However, net interest income decreased to $129.2 million, down 4.5% from Q4 2020. The company declared a quarterly dividend of $0.26 per share, payable on June 4, 2021. Total assets increased to $23.5 billion as of March 31, 2021, while total loans remained unchanged at $13.3 billion.
First Hawaiian, Inc. (NASDAQ:FHB) announced key management promotions, effective May 1, 2021. Christopher L. Dods has been named Vice Chairman and Chief Operating Officer, overseeing multiple operations, while Neill Char is promoted to Executive Vice President of the Retail Banking Group. Dods brings over 14 years of experience in digital banking and marketing, having developed significant initiatives in these areas. Mitchell Nishimoto, retiring on July 1, 2021, has successfully led the Retail Banking Group for 35 years, contributing to First Hawaiian's growth to a $22.7 billion bank.
First Hawaiian, Inc. (NASDAQ: FHB) plans to release its Q1 2021 financial results on April 23, 2021, before market open. The company will conduct a conference call at 1:00 PM ET (7:00 AM Hawaii Time) to discuss the results. Participants can join by calling (844) 452-2942 (US/Canada) or (574) 990-9846 (International). A live webcast of the call will be available at www.fhb.com/earnings. The archive will be accessible later, with a telephonic replay until April 30, 2021.
First Hawaiian (NASDAQ:FHB) announced a new stock repurchase program of up to $75 million for its outstanding common stock in 2021. The buybacks will be executed through open-market purchases or negotiated transactions, depending on financial performance and market conditions. The Board of Directors retains the discretion to modify or terminate the program at any time. This initiative aims to enhance shareholder value and reflects confidence in the company's financial stability and future performance.
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