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. reports bank holding company developments tied to First Hawaiian Bank, its wholly owned banking subsidiary serving consumer and commercial customers across Hawaii, Guam and Saipan. News commonly covers quarterly results, loan and deposit trends, net interest margin, credit-loss provisions, regulatory capital ratios and capital returns through dividends and share repurchase authorization.
Company updates also describe the bank's product mix, including deposit accounts, commercial and industrial lending, commercial real estate and construction lending, residential real estate lending, indirect auto financing, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Leadership changes within wealth management and community support activity in its island markets also appear in recurring announcements.
First Hawaiian, Inc. (NASDAQ:FHB) reported its Q2 2024 financial results, showing net income of $61.9 million, or $0.48 per diluted share. Key highlights include:
- Total loans and leases increased by $39.7 million
- Total deposits decreased by $350.6 million
- Net interest margin increased by 1 basis point to 2.92%
- $1.8 million provision for credit losses
The company declared a quarterly cash dividend of $0.26 per share, payable on August 30, 2024. Total assets decreased by 1.2% to $24.0 billion, while gross loans and leases increased by 0.3% to $14.4 billion. The efficiency ratio improved to 59.2% from 62.2% in the previous quarter.
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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