First Hawaiian, Inc. reported a strong Q4 2020, with net income at $61.7 million, or $0.47 per diluted share. The company saw increases in net interest income and noninterest income, a decrease in noninterest expense, and an increase in total deposits. However, the company recorded a $20.0 million provision for credit losses.
Net income reached $61.7 million, translating to $0.47 per diluted share.
Net interest income saw an increase of $1.2 million, a 0.9% rise compared to the previous quarter.
Noninterest income experienced a $4.7 million surge, marking a 9.6% increase from the prior quarter.
Total deposits grew by $330.0 million, reflecting a 1.7% increase compared to the previous quarter.
The press release does not contain forward guidance.
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