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Jun 30, 2021
First Hawaiian Q2 2021 Earnings Report
Reported financial results for the second quarter of 2021, driven by the strong return of tourism and pickup in the local economy.
Key Takeaways
First Hawaiian, Inc. reported a net income of $86.7 million for the second quarter of 2021. The financial performance was driven by the strong return of tourism and pickup in the local economy. The company recorded a $35.0 million negative provision for credit losses and repurchased $22.4 million of stock under the share repurchase program.
Net income of $86.7 million, or $0.67 per diluted share
Total loans and leases decreased $196.5 million, or 1.5%, versus prior quarter
Total deposits increased $701.4 million, or 3.5%, versus prior quarter
Recorded a $35.0 million negative provision for credit losses
First Hawaiian
First Hawaiian
Forward Guidance
No forward guidance was given in the earnings report.