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 a strong start to 2022 with a net income of $57.7 million or $0.45 per diluted share for Q1. Total deposits increased by $454.3 million, reaching $22.3 billion. However, total loans and leases decreased by $70.3 million to $12.9 billion, reflecting a decline in PPP loans. A quarterly dividend of $0.26 per share was declared, payable on June 3, 2022. The company recorded a negative provision for credit losses of $5.7 million and a net interest margin of 2.42%.
First Hawaiian, Inc. (NASDAQ: FHB) announced plans to release its first quarter 2022 financial results on April 22, 2022, before market opening. A conference call to discuss these results will occur the same day at 1:00 p.m. Eastern Time. Participants can access the call via phone or through a live webcast. First Hawaiian, headquartered in Honolulu, is the oldest and largest financial institution in Hawaii, offering a wide range of banking services to both consumer and commercial clients.
First Hawaiian, Inc. (NASDAQ:FHB) reported strong fourth-quarter results for 2021, with a net income of $57.0 million, or $0.44 per diluted share. Total loans and leases increased by $127.7 million, while the company declared a quarterly cash dividend of $0.26 per share, payable on March 4, 2022. The board also announced a $75 million stock repurchase program for 2022. However, total deposits dropped by $303.9 million, and noninterest income fell by $8.5 million. The effective tax rate improved to 18.7%. Overall, the company maintains solid credit quality and growing loan portfolios.
First Hawaiian, Inc. (NASDAQ: FHB) announced that Jenai S. Wall, Foodland's Chairman and CEO, will not seek re-election to its Board of Directors at the upcoming annual stockholder's meeting on April 20, 2022. Wall has served for 27 years and is a member of the Compensation and Risk Committees. The board expressed gratitude for her contributions, especially during the pandemic. Additionally, new appointments to the Risk and Compensation Committees were made, with Kelly Thompson and Jim Moffatt joining the former, and Vanessa Washington added to the latter.
First Hawaiian, Inc. (NASDAQ: FHB) is set to release its fourth quarter 2021 financial results on January 21, 2022, before the market opens. The company will also hold a conference call the same day at 1:00 p.m. Eastern Time to discuss the results. Interested parties can join the call by dialing specific numbers ten minutes prior to the start. A live webcast will be available for viewing, along with an archived version afterward. First Hawaiian is the oldest and largest bank in Hawaii, offering various banking services.
First Hawaiian, Inc. (NASDAQ: FHB) announced the resignation of CFO Ravi Mallela, effective January 7, 2022, for personal reasons. Ralph Mesick, Vice Chairman and Chief Risk Officer, will assume the interim CFO role starting January 8, 2022, while the company searches for a permanent replacement. Mallela has been part of the management team for three years and thanked the bank for the opportunity to serve. First Hawaiian, Inc. is Hawaii's oldest and largest financial institution, offering a broad range of banking services.
First Hawaiian, Inc. (NASDAQ:FHB) reported strong third-quarter results for the period ended September 30, 2021. Key highlights include a net income of $64.3 million, or $0.50 per diluted share, and total assets surpassing $25 billion for the first time. Total deposits increased by $1.3 billion, while total loans and leases declined by $269.4 million due to a drop in PPP loans. A quarterly cash dividend of $0.26 per share was declared, with a negative provision for credit losses of $4.0 million recorded. The net interest margin decreased to 2.36% from 2.46% in the previous quarter.
First Hawaiian, Inc. (NASDAQ: FHB) will release its third quarter 2021 financial results on October 22, 2021, prior to market opening. A conference call to discuss these results is scheduled for the same day at 1:00 p.m. Eastern Time. Participants can access the call by dialing (844) 452-2942 for US/Canada or (574) 990-9846 internationally. The call will be available via a live webcast on the company's website, with an archive accessible later. First Hawaiian is Hawaii's largest and oldest financial institution, offering a wide range of banking services.
First Hawaiian, Inc. (NASDAQ:FHB) reported a net income of $86.7 million ($0.67 per diluted share) for Q2 2021, reflecting the recovery of tourism and local economy growth. Total deposits increased by $701.4 million (3.5%), while total loans decreased by $196.5 million (1.5%). A $35 million negative provision for credit losses was recorded, indicating improved credit quality. The Board declared a $0.26 per share dividend, payable September 3, 2021. The company's total assets reached $24.2 billion, with a net interest income of $131.5 million.
First Hawaiian, Inc. (NASDAQ: FHB) has appointed James S. Moffatt and Kelly A. Thompson to its Board of Directors. Moffatt, former CEO of Deloitte Consulting, brings expertise in strategy and transformation, while Thompson, previously COO of samsclub.com, offers insights in ecommerce and technology. Chairman Bob Harrison emphasized their roles in transitioning to a Digital First organization. The appointments aim to leverage technology in enhancing customer service in First Hawaiian Bank, the state's largest financial institution.