First Hawaiian Inc

Latest Results (19.05.2026):

First Hawaiian, Inc. — First Quarter 2026: The company reported net income of $67.8 million, or $0.55 per diluted share, for Q1 2026. Net interest income was $167.5 million with a net interest margin of 3.19% (down 2 bps from the prior quarter). Total loans and leases rose to $14.441 billion (up $128.3 million vs. the prior quarter) and total deposits increased to $20.777 billion (up $261.7 million vs. the prior quarter). The company recorded a $5.0 million provision for credit losses and declared a quarterly dividend of $0.26 per share.

Earnings

Net income for Q1 2026 was $67.8 million ($0.55 diluted EPS), slightly below the prior quarter’s $69.9 million but above Q1 2025 ($59.2 million). Pre-tax income was $87.5 million and provision for income taxes was $19.68 million.

Net interest income & margin

Net interest income totaled $167.53 million in Q1 2026. The reported net interest margin was 3.19%, down 2 basis points from 3.21% in the prior quarter; quarterly NII declined modestly versus the prior quarter.

Loan and deposit trends

Gross loans and leases ended Q1 2026 at $14.441 billion, up $128.3 million sequentially. Total deposits were $20.777 billion, up $261.7 million versus the prior quarter, with growth across savings and money market categories.

Provision and asset quality

The provision for credit losses was $5.0 million in Q1 2026. Non-accrual loans/total loans were 0.27%, total non-performing assets were $39.7 million, the allowance for credit losses for loans/leases was $169.3 million (1.17% of loans), and net charge-offs were $4.9 million (annualized ratio ~0.14%).

Noninterest income & expense

Noninterest income was $52.8 million for the quarter. Noninterest expense was $127.9 million, producing an efficiency ratio of 57.77% (higher than the prior quarter’s 55.14%), reflecting elevated operating costs versus revenues.

Capital, capital ratios and per‑share metrics

Total stockholders’ equity was $2.768 billion. Regulatory capital ratios remained solid: Common Equity Tier 1 13.12%, Total Capital 14.37%, and Tier 1 leverage 9.21%. Book value per share was $22.75 and tangible book value per share was $14.57 as of quarter end.

Capital return & shareholder actions

The board declared a quarterly dividend of $0.26 per share. The company repurchased approximately 1.3 million shares in Q1 2026 at a total cost of $32.0 million (average price $24.47 per share) under its repurchase program.