Mar 31, 2022

First Hawaiian Q1 2022 Earnings Report

Reported strong financial results driven by good earnings, continued deposit growth, and excellent credit quality.

Key Takeaways

First Hawaiian, Inc. reported a strong start to 2022 with good earnings, continued consumer and commercial deposit growth, and excellent credit quality. Net income was $57.7 million, or $0.45 per diluted share. Total deposits increased by $454.3 million, while total loans and leases decreased by $70.3 million.

Net income was $57.7 million, or $0.45 per diluted share.

Total loans and leases decreased by $70.3 million versus prior quarter.

Total deposits increased by $454.3 million versus prior quarter.

A quarterly dividend of $0.26 per share was declared.

Total Revenue
$175M
Previous year: $173M
+1.3%
EPS
$0.45
Previous year: $0.44
+2.3%
Efficiency Ratio
59.04%
Previous year: 55.53%
+6.3%
Net Interest Margin
2.42%
Previous year: 2.55%
-5.1%
Tier 1 Leverage Ratio
7.5%
Previous year: 7.9%
-5.1%
Gross Profit
$168M
Previous year: $168M
+0.1%
Cash and Equivalents
$274M
Previous year: $1.26B
-78.3%
Total Assets
$25B
Previous year: $23.5B
+6.6%

First Hawaiian

First Hawaiian

Forward Guidance

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance.