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First Hawaiian, Inc. reported a strong fourth quarter in 2024, marked by growth in loan and deposit balances, expansion of the net interest margin, controlled expenses, and excellent credit quality. The company restructured a portion of its investment portfolio to strengthen its balance sheet and increase future earnings power.
Total loans and leases increased by $166.9 million versus the prior quarter.
Total deposits increased by $94.5 million versus the prior quarter.
Net interest margin increased 8 basis points to 3.03%.
Recorded a $0.8 million negative provision for credit losses.
The Company did not provide forward guidance in the earnings report.