Q2 2025 First Hawaiian Inc Earnings Call Transcript
Key Points
- First Hawaiian Inc (FHB) reported a strong second quarter with net income increasing over 23% compared to the prior quarter.
- The company experienced broad-based improvements driven by higher net interest and non-interest income, good expense control, and lower provision expense.
- Total loans increased by $59 million, with significant growth in the C&I portfolio due to a $125 million increase in dealer floor plan balances.
- The balance sheet remains solid with ample liquidity, and the company is well-capitalized.
- First Hawaiian Inc (FHB) repurchased about 1 million shares at a total cost of $25 million, with $50 million of remaining authorization under the 2025 stock repurchase plan.
- Retail and commercial deposits declined by $23 million and $127 million respectively, due to normal operational fluctuations.
- Non-performing assets and loans 90 days or more past due increased by 6 basis points from the prior quarter.
- The company adjusted its full-year loan growth guidance from low to mid-single digits to low single digits.
- There is uncertainty in the market due to tariffs, affecting car dealers and potentially impacting future balances.
- The consumer at the lower end is experiencing financial strain, with savings accumulated during COVID-19 diminishing.
Thank you for standing by. Welcome to the First Hawaiian Bank Inc second quarter 2025 earnings conference call. (Operator Instructions) As a reminder, today's program is being recorded.
And now I'd like to introduce your host for today's program, Kevin Haseyama, Investor Relations Manager. Please go ahead, sir.
Thank you, Jonathan, and thank you everyone for joining us as we review our financial results for the second quarter of 2025. With me today are Bob Harrison, Chairman, President and CEO; Jamie Moses, Chief Financial Officer; and Lea Nakamura, Chief Risk Officer.
We have prepared a slide presentation that we will refer to in our remarks today. The presentation is available for downloading and viewing on our website at fhb.com in the Investor Relations section.
During today's call, we will be making forward-looking statements. So please refer to slide 1 for our safe harbor statement. We may also discuss certain non-GAAP financial measures.
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