First Hawaiian Q4 2019 Earnings Report

First Hawaiian's Q4 2019 financial results were reported, highlighted by strong loan growth, reduced deposit costs and excellent credit quality.

Key Takeaways

First Hawaiian, Inc. reported a strong fourth quarter with net income of $67.8 million, or $0.52 per diluted share, and core net income of $71.3 million, or $0.54 per diluted share. The company saw excellent profitability measures, loan growth, and reduced deposit costs, while maintaining excellent credit quality.

Net income was $67.8 million, or $0.52 per diluted share; core net income was $71.3 million, or $0.54 per diluted share.

Loans and leases grew by $368 million, or 2.9%.

Cost of deposits fell 10 basis points to 44 basis points.

The ratio of non-performing assets to total loans and leases and other real estate owned was 0.04%.