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Dec 31, 2022
First Hawaiian Q4 2022 Earnings Report
First Hawaiian's Q4 2022 earnings were released, showcasing growth in earnings driven by loan growth and strong credit quality.
Key Takeaways
First Hawaiian, Inc. reported a solid fourth quarter in 2022, with net income of $79.6 million, or $0.62 per diluted share. The company saw continued earnings growth, driven by strong loan 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 $40 million of its outstanding common stock during 2023.
Net income was $79.6 million, or $0.62 per diluted share.
Total loans and leases increased $391.6 million versus the prior quarter.
Total deposits decreased $402.7 million versus the prior quarter.
Net interest margin increased 22 basis points to 3.15%.
First Hawaiian
First Hawaiian
Forward Guidance
The company did not provide forward guidance in the earnings report.