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 (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.
First Hawaiian, Inc. (NASDAQ:FHB) reported a strong fourth quarter for 2020, posting a net income of $61.7 million, or $0.47 per diluted share. This reflects a 0.9% increase in net interest income to $135.2 million. Total deposits rose by $330 million, marking a 1.7% quarter-over-quarter growth. However, the company recorded a significant provision for credit losses of $20 million, up from $5.1 million in the prior quarter. The Board declared a quarterly cash dividend of $0.26 per share, payable on March 5, 2021.
First Hawaiian, Inc. (NASDAQ: FHB) will release its fourth quarter 2020 financial results on January 22, 2021, prior to market opening. The company will host a conference call on the same day at 1:00 p.m. Eastern Time to discuss these results. Participants can access the call by dialing (844) 452-2942 for US/Canada and (574) 990-9846 internationally. A live webcast, including a slide presentation, can be viewed at www.fhb.com/earnings. A telephonic replay will be available until January 29, 2021.
First Hawaiian, Inc. (NASDAQ: FHB) will participate in the Goldman Sachs Financial Services Conference on December 8, 2020. The management team, including Chairman and CEO Robert Harrison, CFO Ravi Mallela, and Chief Risk Officer Ralph Mesick, will engage in a fireside chat at 5:00 p.m. Eastern Time. Investors can access the live webcast through the provided link, with a replay available on the investor relations website post-event. First Hawaiian, founded in 1858, is Hawaii’s oldest bank and offers a range of financial services across Hawaii, Guam, and Saipan.
First Hawaiian, Inc. (NASDAQ: FHB) announced its participation in the BofA Securities 2020 Future of Financials Virtual Conference on November 9-10, 2020. Key executives, including Robert Harrison, Ravi Mallela, and Ralph Mesick, will engage in a fireside chat on November 9 at 4:10 p.m. ET. Interested parties can access the live webcast at the provided link, with an audio archive available post-event until February 8, 2021. First Hawaiian, founded in 1858, is Hawaii’s oldest bank, offering a wide range of financial services. For more details, visit www.FHB.com.
First Hawaiian, Inc. (NASDAQ:FHB) reported solid financial results for Q3 2020, with net income of $65.1 million, or $0.50 per diluted share. Net interest income rose by 4.8% to $134 million, with a net interest margin of 2.70%. Noninterest income increased 7.1% to $48.9 million. Total assets decreased to $22.3 billion, while total deposits fell by 2.4%. The Board approved a quarterly dividend of $0.26, payable on December 4, 2020. Notably, the provision for credit losses dropped significantly to $5.1 million from $55.4 million in the previous quarter.
First Hawaiian, Inc. (NASDAQ:FHB) has appointed Vanessa Washington, a former Senior Executive VP and General Counsel at Bank of the West, to its Board of Directors. With over 25 years of experience in regulated industries, particularly financial services and REITs, her expertise in legal, governance, and risk mitigation is expected to strengthen First Hawaiian’s leadership. CEO Bob Harrison welcomed her insights as beneficial for the company's ongoing success. This strategic addition underscores the company's commitment to enhancing its governance and operational capabilities.
First Hawaiian, Inc. (NASDAQ: FHB) plans to release its third quarter 2020 financial results on October 23, 2020, before the market opens. The company will host a conference call at 1:00 p.m. Eastern Time to discuss these results. Participants can join the call by dialing (844) 452-2942 for U.S./Canada or (574) 990-9846 for international attendees, using conference ID: 5358159. A live webcast will be available at www.fhb.com/earnings.
First Hawaiian, Inc. (NASDAQ:FHB) reported Q2 2020 net income of $20.0 million, or $0.15 per diluted share, amidst the COVID-19 pandemic. The bank secured over $940 million in PPP loans for small businesses and increased total loans by 2.9% to $13.8 billion. However, net interest income fell by 7.8% to $127.8 million, with a NIM decline to 2.58%. A provision for credit losses was recorded at $55.4 million. The Board declared a quarterly cash dividend of $0.26 per share, payable on September 4, 2020.
First Hawaiian, Inc. (NASDAQ: FHB) is set to release its Q2 2020 financial results on July 24, 2020, before market opening. A conference call will be held the same day at 1:00 p.m. ET to discuss the results. Participants can join by dialing (844) 452-2942 (US/Canada) or (574) 990-9846 (International) with conference ID: 4496063. A live webcast will also be available at www.fhb.com/earnings. The call's replay will be accessible until July 31, 2020.
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