Q2 2026 First Hawaiian Inc Earnings Call Transcript
Key Points
- First Hawaiian Inc (FHB) reported strong second-quarter results with a return on average tangible assets of 1.28% and a return on average tangible equity of 16.34%.
- The company announced a promising deal with TriCo Bancshares, aiming to build a leading Pacific banking franchise.
- Loan growth was robust, with total loans increasing by $137 million in the quarter, driven by C&I and CRE loans.
- The local economy showed positive signs, with a stable unemployment rate of 2.5% and increased visitor arrivals and spending.
- Credit quality remains solid, with a reduction in classified assets and a strong credit performance in the second quarter.
- Total deposits decreased by $623 million, primarily due to outflows of public deposits.
- Retail and commercial deposits were down, with commercial deposits declining by $156 million due to seasonal volatility.
- Cash balances were lower in Q2, attributed to the decline in public deposit balances.
- Noninterest expense in the second quarter was $130.4 million, including $4.2 million related to the TriCo transaction.
- The residential loan segment continues to slow due to the current rate environment, impacting overall loan growth.
Thank you for standing by, and welcome to the First Hawaiian, Inc second-quarter 2026 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, Senior Vice President, Strategic Planning and Investor Relations. 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 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 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
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