First Hawaiian Inc

Latest Results (04.10.2025):

First Hawaiian Inc. reported strong financial results for the fourth quarter of 2024, demonstrating growth in key areas such as net income, loans, and deposits. The company effectively managed expenses and maintained excellent credit quality, while also enhancing its net interest margin. Additionally, the Board of Directors declared a quarterly dividend, underscoring the company's commitment to shareholder value.

Net Income

First Hawaiian Inc. achieved a net income of $52.5 million, or $0.41 per diluted share, for the fourth quarter of 2024. This reflects solid profitability and effective financial management during the period.

Loan and Deposit Growth

Total loans and leases increased by $166.9 million compared to the prior quarter, while total deposits rose by $94.5 million. This growth highlights the company's expanding lending activities and strong deposit base.

Net Interest Margin

The net interest margin expanded by 8 basis points to 3.03% in the fourth quarter of 2024, up from 2.95% in the previous quarter. This improvement indicates better management of interest-earning assets and liabilities.

Provision for Credit Losses

First Hawaiian Inc. recorded a $0.8 million negative provision for credit losses, demonstrating excellent credit quality and effective risk management practices during the quarter.

Dividend Declaration

The Board of Directors declared a quarterly dividend of $0.26 per share, reflecting the company's ongoing commitment to returning value to its shareholders.

Investment Portfolio Restructuring

The company restructured part of its investment portfolio by selling $290.4 million of low-yielding securities and reinvesting the proceeds into $291.5 million of higher-yielding securities, resulting in a pre-tax loss of $26.2 million ($19.2 million after-tax).