Q1 2026 First Hawaiian Inc Earnings Call Transcript
Key Points
- First Hawaiian Inc (FHB) reported a strong start to the year with growth in loans and deposits, maintaining solid credit quality and capitalization.
- The company achieved a return on average tangible assets of 1.2% and a return on average tangible equity of 15.3% for the first quarter.
- Total loans grew by over $128 million in the quarter, with significant growth in Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loans.
- Total deposits increased by $262 million, driven by growth in public operating balances, with a healthy non-interest-bearing deposit ratio of 31%.
- The bank maintained strong credit performance with low credit risk, a decrease in criticized assets, and stable net charge-offs.
- Net interest income for the quarter was down $2.8 million from the prior quarter, with a slight decline in net interest margin.
- Noninterest income decreased due to lower BOLI income and swap fee activity, which are considered timing-related.
- The company expects expenses to gradually increase throughout the year, with a forecast of full-year expenses around $520 million.
- The competitive environment remains challenging, particularly in pricing, both on the mainland and in Hawaii.
- There is uncertainty regarding the impact of recent global events on tourism and the local economy, which could affect future performance.
Good day, and thank you for standing by. Welcome to the First Hawaiian, Inc., Q1 2026 earnings conference call. At this time, all participants are in a listen-only mode. Please be advised that todayâs conference is being recorded. (Operator Instructions)
I would now like to hand the conference over to your speaker today, Kevin Haseyama, Investor Relations Manager.
Thank you, Josh, and thank you everyone for joining us as we review our financial results for the first quarter of 2026. 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 todayâs call, we will be making forward-looking statements, so please refer to slide 1 for our Safe Harbor statement. We may also discuss
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