Dec 31, 2021

First Hawaiian Q4 2021 Earnings Report

First Hawaiian's Q4 2021 financial performance reflected strong loan growth and excellent credit quality.

Key Takeaways

First Hawaiian, Inc. reported a solid fourth quarter with net income of $57.0 million, or $0.44 per diluted share. The company saw strong loan growth, continued deposit growth, and excellent credit quality. The Board of Directors declared a quarterly dividend of $0.26 per share and adopted a stock repurchase program for up to $75 million of its outstanding common stock during 2022.

Net income was $57.0 million, or $0.44 per diluted share.

Total loans and leases increased $127.7 million versus prior quarter.

Total deposits decreased $303.9 million versus prior quarter, reduced public deposits by $978.4 million.

The Board of Directors declared a quarterly dividend of $0.26 per share.

Total Revenue
$179M
Previous year: $189M
-5.3%
EPS
$0.53
Previous year: $0.5
+6.0%
Efficiency Ratio
60.5%
Previous year: 46.59%
+29.9%
Net Interest Margin
2.38%
Previous year: 2.71%
-12.2%
Tier 1 Leverage Ratio
7.24%
Previous year: 8%
-9.5%
Gross Profit
$171M
Previous year: $184M
-6.8%
Cash and Equivalents
$247M
Previous year: $303M
-18.7%
Total Assets
$25B
Previous year: $22.7B
+10.3%

First Hawaiian

First Hawaiian

Forward Guidance

No forward guidance provided in the fourth quarter 2021 earnings report.