FHB · First Hawaiian, Inc.

First Hawaiian, Inc. delivered solid Q1 2026 results with net income of $67.8 million and diluted EPS of $0.55, reflecting good balance sheet growth amid a slightly compressed net interest margin. Loans and leases expanded by $128.3 million to $14.4 billion, while deposits grew $261.7 million to $20.8 billion, supporting liquidity and customer commitment during recovery from floods in Hawai‘i and Typhoon Sinlaku on Guam and Saipan, as noted by CEO Bob Harrison. Net interest income dipped $2.8 million to $167.5 million, with NIM at 3.19% (down 2 bps from 3.21%), driven by higher deposit costs partially offset by earning asset growth. Provision expense improved to $5.0 million from $7.7 million, aligning with excellent credit quality: allowance at 1.17% of loans, net charge-offs stable at 0.14% annualized, and non-performing assets down to 0.27%. Noninterest income fell $2.7 million to $52.8 million, while expenses rose $2.8 million to $127.9 million, lifting the efficiency ratio to 57.8%. Capital remained strong with CET1 at 13.12% and total capital at 14.37%; the company repurchased 1.3 million shares for $32.0 million. The board maintained the $0.26 quarterly dividend, payable May 29 to May 18 record holders, signaling confidence in ongoing stability. Total assets reached $24.3 billion, underscoring a strong start to 2026.