First Hawaiian Inc Stock Price, News & Analysis

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.

First Hawaiian, Inc. (NASDAQ: FHB) plans to release its Q2 2021 financial results on July 23, 2021, before the market opens. A conference call will follow at 1:00 p.m. ET (7:00 a.m. HT) to discuss the results. Participants can join by dialing (844) 452-2942 for US/Canada or (574) 990-9846 for international attendees. A live webcast will also be available at www.fhb.com/earnings. A replay will be accessible until July 30, 2021.

First Hawaiian, Inc. (NASDAQ:FHB) reported its Q1 2021 financial results, showcasing a net income of $57.7 million or $0.44 per diluted share. The company originated $459 million in PPP loans and saw total deposits rise by $906 million (4.7%) versus the prior quarter. However, net interest income decreased to $129.2 million, down 4.5% from Q4 2020. The company declared a quarterly dividend of $0.26 per share, payable on June 4, 2021. Total assets increased to $23.5 billion as of March 31, 2021, while total loans remained unchanged at $13.3 billion.

First Hawaiian, Inc. (NASDAQ:FHB) announced key management promotions, effective May 1, 2021. Christopher L. Dods has been named Vice Chairman and Chief Operating Officer, overseeing multiple operations, while Neill Char is promoted to Executive Vice President of the Retail Banking Group. Dods brings over 14 years of experience in digital banking and marketing, having developed significant initiatives in these areas. Mitchell Nishimoto, retiring on July 1, 2021, has successfully led the Retail Banking Group for 35 years, contributing to First Hawaiian's growth to a $22.7 billion bank.

First Hawaiian, Inc. (NASDAQ: FHB) plans to release its Q1 2021 financial results on April 23, 2021, before market open. The company will conduct a conference call at 1:00 PM ET (7:00 AM Hawaii Time) to discuss the results. Participants can join by calling (844) 452-2942 (US/Canada) or (574) 990-9846 (International). A live webcast of the call will be available at www.fhb.com/earnings. The archive will be accessible later, with a telephonic replay until April 30, 2021.