Mar 31, 2021

First Hawaiian Q1 2021 Earnings Report

Reported financial results for the first quarter of 2021.

Key Takeaways

First Hawaiian, Inc. reported a good first quarter with a net income of $57.7 million, supported local businesses by originating $459 million of PPP loans, experienced strong deposit growth, and maintained excellent credit quality.

Net income of $57.7 million, or $0.44 per diluted share

Total loans and leases increased $21.2 million versus prior quarter

Total deposits increased $906.0 million, or 4.7%, versus prior quarter

Did not record a provision for credit losses

Total Revenue
$173M
Previous year: $188M
-7.9%
EPS
$0.44
Previous year: $0.3
+46.7%
Efficiency Ratio
55.53%
Previous year: 51.33%
+8.2%
Net Interest Margin
2.55%
Tier 1 Leverage Ratio
7.9%
Previous year: 8.63%
-8.5%
Gross Profit
$168M
Previous year: $181M
-7.0%
Cash and Equivalents
$1.26B
Previous year: $1.05B
+19.9%
Total Assets
$23.5B
Previous year: $20.8B
+13.2%

First Hawaiian

First Hawaiian

First Hawaiian Revenue by Geographic Location

Forward Guidance

No specific forward guidance provided in the document.