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Sep 30, 2021
First Hawaiian Q3 2021 Earnings Report
Reported solid financial results, with total assets exceeding $25 billion for the first time.
Key Takeaways
First Hawaiian, Inc. reported a solid performance in the third quarter of 2021, with net income of $64.3 million and total assets exceeding $25 billion for the first time. The company saw good growth in deposit balances and an increase in loan activity, while credit quality remained excellent.
Net income was $64.3 million, or $0.50 per diluted share.
Total loans and leases decreased by $269.4 million compared to the prior quarter, reflecting a $308.0 million decline in PPP loans.
Total deposits increased by $1.3 billion compared to the prior quarter.
A negative provision for credit losses of $4.0 million was recorded.
First Hawaiian
First Hawaiian
Forward Guidance
This document does not contain forward guidance.