First Hawaiian, Inc. reported a net income of $61.9 million, or $0.48 per diluted share, for the second quarter of 2024. The company's performance was driven by solid revenues, disciplined expense control, and continued excellent credit quality. Total loans and leases increased by $39.7 million, while total deposits decreased by $350.6 million. The net interest margin increased by 1 basis point to 2.92%.
Net income was $61.9 million, or $0.48 per diluted share.
Total loans and leases increased $39.7 million versus prior quarter.
Total deposits decreased $350.6 million versus prior quarter.
Net interest margin increased 1 basis point to 2.92%.
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.
Visualization of income flow from segment revenue to net income