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First Hawaiian, Inc. - FHB STOCK NEWS

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.

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First Hawaiian (NASDAQ: FHB) announced plans to release its second quarter 2024 financial results on July 26, 2024, before the market opens. The company will discuss the results during a conference call at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time) on the same day. Participants can register for the call via a provided link to receive the dial-in number and PIN code. A live webcast, including a slide presentation, will also be available, with an archive of the webcast accessible afterward on the company's website.

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First Hawaiian, Inc. reported strong financial results for the first quarter of 2024 with net income of $54.2 million and a dividend declared. Total loans and leases decreased, while total deposits also saw a decline. Net interest margin increased to 2.91%, and the company recorded a provision for credit losses. Noninterest income and expenses decreased, resulting in an improved efficiency ratio. The company's asset quality remained stable, with a slight increase in the allowance for credit losses. Capital ratios also showed improvement.
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First Hawaiian, Inc. (FHB) will release its first quarter 2024 financial results on April 26, 2024. The conference call to discuss the results will be held at 1:00 p.m. Eastern Time. Participants can access the call via registration link or webcast.
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First Hawaiian, Inc. (FHB) reported strong financial results for the fourth quarter of 2023, with stable loan balances, growth in consumer and commercial deposits, and excellent credit quality. The company also declared a quarterly cash dividend of $0.26 per share and adopted a stock repurchase program for up to $40 million of its outstanding common stock during 2024. However, the company recorded a $40.0 million loss from selling low-yielding investment securities and experienced a decrease of $178.8 million in total deposits versus the prior quarter.
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First Hawaiian, Inc. (NASDAQ: FHB) plans to release its Q4 2023 financial results on January 26, 2024, and host a conference call to discuss the results on the same day.
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First Hawaiian, Inc. (NASDAQ:FHB) reported strong financial results for Q3 2023. Net income was $58.2 million, or $0.46 per diluted share. Total loans and leases decreased by $30.5 million, while total deposits increased by $433.3 million. The net interest margin decreased by 5 basis points to 2.86%. The Board of Directors declared a quarterly cash dividend of $0.26 per share.
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First Hawaiian, Inc. to release Q3 2023 financial results on October 27, 2023
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First Hawaiian, Inc. (NASDAQ:FHB) reported solid second quarter financial results despite a challenging interest rate environment. Net income was $62.4 million, with a $0.49 per diluted share. The company's Board of Directors declared a $0.26 per share quarterly cash dividend payable on September 1, 2023. Total assets were $24.5 billion as of June 30, 2023, and total stockholders' equity was $2.4 billion. Noninterest income and noninterest expense decreased, while net charge-offs were $3.5 million for the quarter.
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FAQ

What services does First Hawaiian, Inc. offer?

First Hawaiian, Inc. offers a comprehensive suite of services including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card services, and merchant processing.

What are the main segments of First Hawaiian, Inc.?

The main segments are Retail Banking, Commercial Banking, and Treasury.

Where is First Hawaiian, Inc. headquartered?

First Hawaiian, Inc. is headquartered in Honolulu, Hawaii.

When was First Hawaiian Bank founded?

First Hawaiian Bank was founded in 1858 under the name Bishop & Company.

How is First Hawaiian, Inc. performing financially?

As of the third quarter of 2023, the company has shown solid growth in loans and capital, with total assets of $24.9 billion and gross loans of $14.4 billion.

How has First Hawaiian, Inc. responded to community crises?

The company has provided significant support during community crises, such as aiding victims of the wildfires in Maui in 2023.

Does First Hawaiian, Inc. offer online banking services?

Yes, customers can access their accounts through ATMs, online, and mobile banking channels.

What is the company's approach to credit quality?

First Hawaiian, Inc. maintains excellent credit quality, with minimal levels of non-performing assets.

Has First Hawaiian, Inc. declared any recent dividends?

Yes, as of October 2023, the company declared a quarterly cash dividend of $0.26 per share, payable on December 1, 2023.

Where can I find more information about First Hawaiian, Inc.?

More information can be found on the company's official website at www.fhb.com.

First Hawaiian, Inc.

Nasdaq:FHB

FHB Rankings

FHB Stock Data

3.19B
127.84M
0.57%
99.85%
2.91%
Commercial Banking
Finance and Insurance
Link
United States of America
HONOLULU