FHB

First Hawaiian delivered second quarter results that exceeded market expectations, with steady year-on-year growth driven primarily by loan expansion and stable credit quality. Management highlighted increased activity in commercial and industrial lending, as well as commercial real estate, which offset declines in other areas. CEO Bob Harrison pointed to Hawaii’s resilient economic backdrop and described the housing and tourism sectors as supportive, saying, “Visitor arrivals and local real estate remain strong contributors to our overall stability.” The bank’s balance sheet remained healthy, with capital and liquidity metrics holding steady, and noninterest income benefitting from higher bank-owned life insurance (BOLI) returns and one-time items. Is now the time to buy FHB? Find out in our full research report (it’s free). Revenue: $228.3 million vs analyst estimates of $227.5 million (4.9% year-on-year growth, in line) Adjusted EPS: $0.60 vs analyst estimates of $0.59 (2% beat) Market Capitalization: $3.40 billion While we enjoy listening to the management’s commentary, our favorite part of earnings calls is the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Kelly Motta (KBW) asked about the nature of deposit outflows and seasonality. CFO Jamie Moses clarified that declines were expected, driven by government account reallocations, and not by lost customer relationships. Kelly Motta (KBW) questioned pricing competition in loans and deposits. Moses said competition in Hawaii remains stable and rational compared to mainland peers, with little change expected in pricing trends. Anthony Elian (JPMorgan) inquired about the higher NIM guidance. Moses attributed the increase to favorable balance sheet repricing dynamics and updated macroeconomic assumptions. Andrew Terrell (Stephens) sought clarification on the anticipated uptick in expenses. Moses explained the rise would come from continued hiring, project completions, and merger-related costs in the second half of the year. Matthew Clark (Piper Sandler) asked for an update on the 25% cost savings target from the TriCo deal. Moses confirmed the target remains unchanged and expects it to be achieved through various integration initiatives. Going forward, the StockStory team will closely monitor (1) progress on the TriCo Bancshares merger closing and integration milestones; (2) the trajectory of loan growth in key commercial and industrial segments; and (3) stabilization or improvement in deposit balances, especially as seasonal inflows materialize. Execution on expense management and retention of TriCo’s management team will also be important markers of successful integration. First Hawaiian Bank currently trades at $27.92, down from $28.65 just before the earnings. In the wake of this quarter, is it a buy or sell? The answer lies in our full research report (it’s free for active Edge members). WHILE YOU’RE HERE: Top 9 Market-Beating Stocks. The best stocks don’t just beat the market once. They do it again. And again. Robust revenue growth, rising free cash flow, returns on capital that leave their competition in the dust. The market has already rewarded these businesses. But our AI platform says the party isn’t over. Find out which 9 stocks made the cut this week — FREE. Get Our Top 9 Market-Beating Stocks for Free HERE. Stocks that have made our list include now familiar names such as Nvidia (+1,460% between June 2020 and June 2025) as well as under-the-radar businesses like the once-micro-cap company Tecnoglass (+1,552% between June 2020 and June 2025). Find your next big winner with StockStory today.

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. First Hawaiian (FHB) stock is back in focus after the bank reported second quarter 2026 results, including net income of $73.38 million and a confirmed quarterly cash dividend of $0.26 per share. See our latest analysis for First Hawaiian. At a share price of $28.11, First Hawaiian has given investors a year to date share price return of 9.51%, while the 1 year total shareholder return of 15.25% and 3 year total shareholder return of 50.36% point to momentum that has cooled slightly in recent weeks as the 7 day and 30 day share price returns have both moved lower despite steady earnings, a confirmed dividend and progress on its wider Pacific banking plans. If you are looking beyond regional banks, this could be a helpful moment to scan for other opportunities and see which companies feature in our 18 top founder-led companies After a strong run in First Hawaiian and a recent pause in the share price, the question now is whether most of the easy gains are already in the rear view mirror or if valuation still leaves room ahead. The most followed narrative currently sees First Hawaiian trading below an implied fair value of about $29.89, using a 7.1% discount rate and long term earnings assumptions that reach well past the latest quarter. Read the complete narrative. Want to see what ties those revenue, earnings and P/E assumptions together for First Hawaiian? The narrative leans heavily on compound growth, stable margins and a richer future earnings multiple. Curious which of those levers does most of the heavy lifting in that $29.89 fair value. Result: Fair Value of $29.89 (UNDERVALUED) Have a read of the narrative in full and understand what's behind the forecasts. However, this First Hawaiian narrative still hinges on stable deposits and contained credit risk, and either sustained outflows or rising loan losses could quickly challenge it. Find out about the key risks to this First Hawaiian narrative. With sentiment on First Hawaiian pulling in different directions, this is a good time to move quickly, review the full picture, and weigh the 3 key rewards. If you have built a view on First Hawaiian, you may want to broaden your watchlist with a few focused stock ideas that other investors are already scanning. Target income potential by reviewing companies in our list of 9 dividend fortresses and see which yields might suit your portfolio. Hunt for quality at a compelling price by screening companies in our collection of 49 high quality undervalued stocks before the crowd catches on. Prioritise resilience by focusing on businesses highlighted in our 79 resilient stocks with low risk scores and see which ones fit your risk comfort zone. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include FHB. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Loan growth of 3.6% annualized was primarily driven by C&I dealer flooring and Hawaii corporate portfolios, alongside the conversion of $95 million in construction loans to CRE. The 2 basis point decline in total deposit costs was attributed to the outflow of higher-cost public deposits and a stable, rational competitive environment in Hawaii. Net interest margin expansion of 6 basis points was fueled by favorable deposit mix changes, higher loan yields, and a strategic reduction in lower-yielding cash balances. Management attributes the reduction in the allowance for credit losses to a material decrease in classified assets and sustained healthy credit metrics. The Hawaii economy remains a tailwind, characterized by a stable 2.5% unemployment rate and a 7.5% year-to-date increase in visitor spending. Despite a weak yen, tourism from Japan is showing incremental recovery as travelers prioritize trips to Hawaii over waiting for more favorable exchange rates. The updated NIM outlook of 3.24% to 3.25% for the full year incorporates the assumption of one Federal Reserve rate hike occurring early in the fourth quarter. Management expects to maintain cash balances around the $1 billion level for the remainder of the year, prioritizing loan growth over liquidity accumulation. The balance sheet remains asset-sensitive, with approximately $6 billion in assets poised to reprice immediately against $3.5 billion to $4 billion in rate-sensitive liabilities. Expense guidance of $515 million to $520 million excludes TriCo transaction costs and assumes increased hiring and the finalization of IT projects in the second half of the year. Commercial deposits are expected to follow historical seasonal patterns, building balances through the third and fourth quarters after first-half volatility. The bank incurred $4.2 million in expenses related to the TriCo transaction during Q2, with higher integration and closing costs anticipated in the second half of 2026. Noninterest income was bolstered by non-recurring items including an excise tax refund and a market-driven write-up of certain BOLI products. Share buybacks are likely suspended for the remainder of the year as the company prioritizes capital preservation for the TriCo merger and regulatory approval process. The TriCo merger remains on track to close near the end of the year, with three members of TriCo's leadership slated to join the senior management team. One stock. Nvidia-level potential. 30M+ investors trust Moby to find it first. Get the pick. Tap here. Management clarified that the $467 million decline in public deposits was expected and related to operating account volatility rather than lost relationships. Retail deposits remained flat, while commercial declines were attributed to typical first-half seasonality. The C&I pipeline is described as robust, particularly in the dealer flooring segment where the bank is acquiring new customer relationships. Residential mortgage production is expected to remain slow due to the current high interest rate environment. The projected increase in expenses is driven by strategic investments in personnel to support loan pipelines and the capitalization of professional service and IT projects. Management intends to let the TriCo team operate with significant independence, leveraging their existing expertise in Mainland markets. CEO Bob Harrison noted that his travel schedule will pivot from East Coast regulatory commitments to West Coast integration efforts.

This article first appeared on GuruFocus. Return on Average Tangible Assets: 1.28% for the quarter. Return on Average Tangible Equity: 16.34% for the quarter. Effective Tax Rate: 22.9% in the second quarter. Total Loans Growth: $137 million in the quarter, approximately 3.6% annualized. Net Interest Income: $171 million, an increase of $3.5 million from the prior quarter. Net Interest Margin (NIM): 3.25%, up 6 basis points from the prior quarter. Noninterest Income: $60.3 million. Noninterest Expense: $130.4 million, including $4.2 million related to the TriCo transaction. Total Deposits Decline: $623 million, primarily due to outflows of public deposits. Noninterest-Bearing Deposit Ratio: 32%. Warning! GuruFocus has detected 7 Warning Sign with WSFS. Is FHB fairly valued? Test your thesis with our free DCF calculator. Release Date: July 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First Hawaiian Inc (NASDAQ: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. Q: Can you discuss the decline in deposits, particularly government deposits, and the trends in retail and commercial deposits? A: The decline in government deposits was expected due to elevated balances at the end of Q1. This was not due to a loss of relationships but rather partners finding better investment opportunities. Retail deposits remained flat, and commercial deposits showed seasonal volatility, expected to increase in the latter half of the year. Q: How is the pricing competition on loans and deposits in Hawaii, especially with the Fed's current stance? A: The competition remains rational, with no significant changes. While deposit costs may rise on the Mainland, we expect them to remain flat or slightly increase in Hawaii. Loan pricing competition remains stable. Q: What is driving the loan growth, and how do you see it progressing in the second half of the year? A: We have a robust pipeline in both C&I and CRE loans, with strength in the dealer side and new customer relationships. Residential loan growth is slowing due to the rate environment. Q: Can you explain the NIM outlook and the factors contributing to the revised range? A: The revised NIM outlook reflects balance sheet repricing dynamics and a change in macroeconomic outlook. We expect continued repricing benefits, with a spread of about 140-150 basis points on roll-on, roll-off assets. Q: What are the expectations for share buybacks in light of the TriCo deal? A: We are unlikely to conduct share buybacks for the rest of the year as we focus on the TriCo transaction and regulatory processes, although we have the authorization to do so if needed. For the complete transcript of the earnings call, please refer to the full earnings call transcript.

First Hawaiian (FHB) came out with quarterly earnings of $0.6 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this bank holding company would post earnings of $0.53 per share when it actually produced earnings of $0.55, delivering a surprise of +3.77%. Over the last four quarters, the company has surpassed consensus EPS estimates three times. First Hawaiian, which belongs to the Zacks Banks - West industry, posted revenues of $231.27 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.48%. This compares to year-ago revenues of $217.54 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Hawaiian shares have added about 13.2% since the beginning of the year versus the S&P 500's gain of 8.2%. While First Hawaiian has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Hawaiian was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.61 on $233.48 million in revenues for the coming quarter and $2.38 on $921.18 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Bank of Marin (BMRC), another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 27. This bank holding company is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +79.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. Bank of Marin's revenues are expected to be $34.05 million, up 16.6% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Hawaiian, Inc. (FHB) : Free Stock Analysis Report Bank of Marin Bancorp (BMRC) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

First Hawaiian (FHB) reported $231.27 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.3%. EPS of $0.60 for the same period compares to $0.58 a year ago. The reported revenue represents a surprise of +1.48% over the Zacks Consensus Estimate of $227.91 million. With the consensus EPS estimate being $0.60, the company has not delivered EPS surprise. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how First Hawaiian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net charge-offs: 0.1% versus the three-analyst average estimate of 0.1%. Total Non-Accrual Loans and Leases: $39.5 million versus $39.42 million estimated by three analysts on average. Net interest margin: 3.3% compared to the 3.2% average estimate based on three analysts. Efficiency Ratio: 56.2% versus the three-analyst average estimate of 56.1%. Average Balance - Total Earning Assets: $21.19 billion versus the three-analyst average estimate of $21.45 billion. Total Non-Performing Assets: $39.5 million versus the three-analyst average estimate of $40.75 million. Total Noninterest Income: $60.28 million versus $54.58 million estimated by three analysts on average. Net Interest Income (FTE): $171.9 million compared to the $173.33 million average estimate based on three analysts. Net Interest Income: $170.99 million compared to the $172.67 million average estimate based on three analysts. Service charges on deposit accounts: $8.32 million versus the two-analyst average estimate of $8.28 million. Other service charges and fees: $14.41 million versus $14.01 million estimated by two analysts on average. Noninterest income- Other: $6.01 million versus the two-analyst average estimate of $2.64 million. View all Key Company Metrics for First Hawaiian here>>> Shares of First Hawaiian have returned -2.2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report First Hawaiian, Inc. (FHB) : Free Stock Analysis Report This article originally published on Zacks Investment Research (zacks.com). Zacks Investment Research

Interested in First Hawaiian, Inc.? Here are five stocks we like better. Loan growth and margin improved in Q2 2026, with total loans up $137 million and net interest margin rising six basis points to 3.25%. Management also lifted its full-year margin outlook to 3.24%–3.25% on expectations for one rate increase later this year. Deposits fell sharply by $623 million, mainly because of expected public-deposit outflows, but executives said retail and commercial balances were broadly stable and should improve seasonally in the second half. The bank’s noninterest-bearing deposit ratio remained 32%, and deposit costs edged lower. First Hawaiian is focused on its TriCo Bancshares deal, expected to close near year-end, and does not expect share buybacks while the transaction is under regulatory review. Management reaffirmed a target of 25% cost savings from the combination and said credit quality remained strong. First Hawaiian (NASDAQ:FHB) executives said the bank delivered loan growth, wider net interest margin and continued solid credit quality in the second quarter of 2026, while preparing for its proposed combination with TriCo Bancshares. Chairman, President and CEO Bob Harrison said the company was “very excited” about the TriCo transaction, which is expected to close near the end of the year. He said First Hawaiian is focused on the work required to complete the deal and does not have additional information beyond what was presented during its July 23 investor call. → Could Truth API Become Trump Media’s First Meaningful Revenue Driver? Harrison pointed to relatively stable economic conditions in Hawaii. The statewide employment rate was 2.5% in May, compared with a national unemployment rate of 4.3%. Total visitor arrivals through May rose 2.9% from a year earlier, driven primarily by visitors from the U.S. mainland and Japan, while year-to-date visitor spending reached $9.7 billion, up 7.5% from 2025 levels. Hawaii housing prices also remained firm. The median Oahu single-family home sales price was $1.2 million in June, up 10.4% year over year, while the median condo price was $528,000, up 3.5%. → GE Vernova Just Sent a Mixed AI Signal to Investors Total loans increased $137 million during the quarter, representing annualized growth of about 3.6%. Growth was led by commercial and industrial, or C&I, lending and commercial real estate lending. C&I balances increased $98 million, primarily because of dealer-flooring growth and expansion in the company’s Hawaii corporate portfolio. Completed construction projects resulted in the conversion of $95 million in construction loan balances into commercial real estate loans. Construction loan payoffs and lower residential balances partly offset the broader growth, as residential payoffs exceeded new production. → D-Wave Quantum or a Quantum ETF: Which Is the Better Bet? Harrison said management continues to see a “very robust pipeline” in C&I and commercial real estate, with construction activity representing a meaningful portion of commercial real estate opportunities. The bank also is working with some new customer relationships, he said. Residential lending, however, is expected to remain slow because of the interest-rate environment. Total deposits declined $623 million in the second quarter, largely due to expected public-deposit outflows. Chief Financial Officer Jamie Moses said retail deposits were essentially flat, while commercial deposits fell about $156 million because of seasonal volatility. Public deposits declined $467 million, mainly in operating accounts, and public time deposits decreased by $115 million. The remaining public time-deposit balance was $9 million. Moses said the declines did not reflect lost customer relationships. Municipal partners found other ways to invest certain balances off the bank’s balance sheet, he said, while First Hawaiian expects retail and commercial deposits to increase in the second half because of seasonal patterns. The company’s noninterest-bearing deposit ratio was 32%, and its total cost of deposits declined two basis points from the first quarter. Net interest income increased $3.5 million sequentially to $171 million. Net interest margin rose six basis points to 3.25%, helped by deposit mix and repricing, higher loan and securities yields, and lower cash balances. Management revised its full-year net interest margin outlook to a range of 3.24% to 3.25%, based on market expectations for one rate increase later this year. First Hawaiian expects third-quarter margin of about 3.27%. Moses said the company assumed a rate increase early in the fourth quarter in its outlook. The balance sheet remains asset-sensitive, according to Harrison. Moses said roughly $6 billion of assets would reprice immediately following a rate increase based on SOFR, while approximately $3.5 billion to $4 billion of liabilities would also reprice to some degree. Cash balances declined in the quarter primarily because of public-deposit outflows. Management expects to keep cash around the quarter-end level, approximately $1 billion, through the rest of the year, even as it anticipates further loan growth. Noninterest income totaled $60.3 million, aided by higher bank-owned life insurance income, an excise tax refund and increased swap fees. Moses said the BOLI contribution reflected a component of the portfolio that is sensitive to market movements rather than a death benefit. First Hawaiian maintained its full-year noninterest income outlook of about $220 million. Moses said the company generally views approximately $55 million per quarter as a baseline, though one-time or market-related items can cause quarterly variation. Noninterest expense was $130.4 million, including $4.2 million in costs related to the TriCo transaction. The company expects more transaction costs in the second half as it moves toward closing and integration. Excluding TriCo-related costs, First Hawaiian expects reported expenses of $515 million to $520 million for the full year. Moses said higher second-half expenses will reflect continued hiring to support loan growth, along with project-related salary, professional-services and information-technology costs. Chief Risk Officer Lea Nakamura said credit performance and credit metrics remained healthy. The allowance for credit losses declined both in dollar terms and relative to coverage, primarily because of a material reduction in classified assets. The company reported a return on average tangible assets of 1.28% and a return on average tangible equity of 16.34% for the quarter. Its effective tax rate was 22.9%. Harrison said First Hawaiian did not repurchase shares during the second quarter and is unlikely to conduct buybacks for the remainder of the year while the TriCo deal proceeds through regulatory review, though he said that could change. The company’s common equity tier 1 ratio remained above 13%, according to an analyst’s question during the call. Management reiterated a target of 25% cost savings from the TriCo transaction. Moses said the company remains comfortable with that objective and expects to achieve it through a variety of measures, but did not provide further detail. Harrison said three TriCo executives—Richard Smith, Dan Bailey and Peter G. Wiese—are expected to join First Hawaiian’s senior management team. He said First Hawaiian intends to retain much of TriCo’s management team, describing the California bank as a well-run institution that First Hawaiian plans to support while learning from its operations. First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services. First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. The article "First Hawaiian Q2 Earnings Call Highlights" was originally published by MarketBeat. View MarketBeat's top stocks for July 2026.

HONOLULU, July 24, 2026 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended June 30, 2026. "The second quarter was another strong quarter, reflecting the strength of our business model, the disciplined execution by our team and the trust our customers place in us," said Bob Harrison, Chairman, President and Chief Executive Officer. "The announced acquisition of Tri Counties Bank builds on that momentum, bringing together two strong banks with shared values and complementary strengths to better serve our customers and communities while creating long-term value for our shareholders." On July 22, 2026, the Company’s Board of Directors declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on August 28, 2026, to stockholders of record at the close of business on August 17, 2026. Second Quarter 2026 Highlights: Net income of $73.4 million, or $0.60 per diluted share Total loans and leases increased $136.5 million versus prior quarter Total deposits decreased $623.2 million versus prior quarter Net interest margin increased 6 basis points to 3.25% Recorded a $5.6 million provision for credit losses Board of Directors declared a quarterly dividend of $0.26 per share Balance Sheet Total assets were $23.6 billion at June 30, 2026 versus $24.3 billion at March 31, 2026. Gross loans and leases were $14.6 billion as of June 30, 2026, an increase of $136.5 million from $14.4 billion as of March 31, 2026. Total deposits were $20.2 billion as of June 30, 2026, a decrease of $623.2 million from $20.8 billion as of March 31, 2026. Net Interest Income Net interest income for the second quarter of 2026 was $171.0 million, an increase of $3.5 million compared to $167.5 million for the prior quarter. The net interest margin was 3.25% in the second quarter of 2026, 6 basis points higher than the prior quarter’s margin of 3.19%. Provision Expense During the quarter ended June 30, 2026, we recorded a $5.6 million provision for credit losses. In the quarter ended March 31, 2026, we recorded a $5.0 million provision for credit losses. Noninterest Income Noninterest income was $60.3 million in the second quarter of 2026, $7.5 million higher compared to noninterest income of $52.8 million in the prior quarter. Noninterest Expense Noninterest expense was $130.4 million in the second quarter of 2026, $2.6 million higher compared to noninterest expense of $127.9 million in the prior quarter. The efficiency ratio was 56.2% and 57.8% for the quarters ended June 30, 2026 and March 31, 2026, respectively. Taxes The effective tax rate was 22.9% and 22.5% for the quarters ended June 30, 2026 and March 31, 2026, respectively. Asset Quality The allowance for credit losses was $168.1 million, or 1.15% of total loans and leases, as of June 30, 2026, compared to $169.3 million, or 1.17% of total loans and leases, as of March 31, 2026. The reserve for unfunded commitments was $37.7 million as of June 30, 2026 and $34.9 million as of March 31, 2026. Net charge-offs were $4.1 million, or 0.11% of average loans and leases on an annualized basis, for the quarter ended June 30, 2026, compared to net charge-offs of $4.9 million, or 0.14% of average loans and leases on an annualized basis, for the quarter ended March 31, 2026. Total non-performing assets were $39.5 million, or 0.27% of total loans and leases and other real estate owned, on June 30, 2026, compared to total non-performing assets of $39.7 million, or 0.27% of total loans and leases and other real estate owned, on March 31, 2026. Capital Total stockholders' equity was $2.8 billion at June 30, 2026 and March 31, 2026. The tier 1 leverage, common equity tier 1 and total capital ratios were 9.46%, 13.27% and 14.52%, respectively, on June 30, 2026, compared with 9.21%, 13.12% and 14.37%, respectively, on March 31, 2026. The Company did not repurchase any shares in the second quarter. First Hawaiian, Inc. First Hawaiian, Inc. (NASDAQ:FHB) is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii’s oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels. For more information about First Hawaiian, Inc., visit the Company’s website, www.fhb.com. Conference Call Information First Hawaiian will host a conference call to discuss the Company’s results today at 1:00 p.m. Eastern Time, 7:00 a.m. Hawaii Time. To access the call by phone, please register via the following link: https://register-conf.media-server.com/register/BIb8e318d9b8d24417b3d7d113fcf80dbc, and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time. A live webcast of the conference call, including a slide presentation, will be available at the following link: www.fhb.com/earnings. The archive of the webcast will be available at the same location. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance. These statements are often, but not always, made through the use of words or phrases such as “may”, “might”, “should”, “could”, “predict”, “potential”, “believe”, “expect”, “continue”, “will”, “anticipate”, “seek”, “estimate”, “intend”, “plan”, “projection”, “would”, “annualized” and “outlook”, or the negative version of those words or other comparable words or phrases of a future or forward-looking nature. These forward-looking statements are not historical facts, and are based on current expectations, estimates and projections about our industry, management's beliefs and certain assumptions made by management, many of which, by their nature, are inherently uncertain and beyond our control. Accordingly, we caution you that any such forward-looking statements are not guarantees of future performance and are subject to risks, assumptions, estimates and uncertainties that are difficult to predict. Although we believe that the expectations reflected in these forward-looking statements are reasonable as of the date made, there can be no assurance that actual results will not prove to be materially different from the results expressed or implied by the forward-looking statements. A number of important factors could cause actual results or performance to differ materially from the forward-looking statements, including (without limitation) the risks and uncertainties associated with the domestic and global economic environment and capital market conditions and other risk factors. For a discussion of some of these risks and important factors that could affect our future results and financial condition, see our U.S. Securities and Exchange Commission (“SEC”) filings, including, but not limited to, our Annual Report on Form 10-K for the year ended December 31, 2025 and our Quarterly Report on Form 10-Q for the quarter ended March 31, 2026. Use of Non-GAAP Financial Measures Return on average tangible assets, return on average tangible stockholders’ equity, tangible book value per share and tangible stockholders’ equity to tangible assets are non-GAAP financial measures. We believe that these measurements are useful for investors, regulators, management and others to evaluate financial performance and capital adequacy relative to other financial institutions. Although these non-GAAP financial measures are frequently used by stakeholders in the evaluation of a company, they have limitations as analytical tools and should not be considered in isolation or as a substitute for analysis of our results or financial condition as reported under GAAP. Investors should consider our performance and capital adequacy as reported under GAAP and all other relevant information when assessing our performance and capital adequacy. Table 14 at the end of this document provides a reconciliation of these non-GAAP financial measures with their most directly comparable GAAP measures. (1)  Except for the efficiency ratio, amounts are annualized for the three and six months ended June 30, 2026 and 2025 and three months ended March 31, 2026. (2)  Return on average tangible assets, return on average tangible stockholders’ equity, tangible book value per share and tangible stockholders’ equity to tangible assets are non-GAAP financial measures. We compute our return on average tangible assets as the ratio of net income to average tangible assets, which is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our average total assets. We compute our return on average tangible stockholders’ equity as the ratio of net income to average tangible stockholders’ equity, which is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our average total stockholders’ equity. We compute our tangible book value per share as the ratio of tangible stockholders’ equity to outstanding shares. Tangible stockholders’ equity is calculated by subtracting (and thereby effectively excluding) amounts related to the effect of goodwill from our total stockholders’ equity. We compute our tangible stockholders’ equity to tangible assets as the ratio of tangible stockholders’ equity to tangible assets, each of which we calculate by subtracting (and thereby effectively excluding) the value of our goodwill. For a reconciliation to the most directly comparable GAAP financial measure, see Table 14, GAAP to Non-GAAP Reconciliation. (1)  Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such loans and leases is recognized on a cash basis. (2)  Interest income includes taxable-equivalent basis adjustments of $0.9 million, $1.0 million and $0.8 million for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, respectively. (3)  Interest rate spread is the difference between the average yield on earning assets and the average rate paid on interest-bearing liabilities, on a fully taxable-equivalent basis. (4)  Net interest margin is net interest income annualized for the three months ended June 30, 2026, March 31, 2026 and June 30, 2025, on a fully taxable-equivalent basis, divided by average total earning assets. (1)  Non-performing loans and leases are included in the respective average loan and lease balances. Income, if any, on such loans and leases is recognized on a cash basis. (2)  Interest income includes taxable-equivalent basis adjustments of $2.0 million for both the six months ended June 30, 2026 and 2025. (3)  Interest rate spread is the difference between the average yield on earning assets and the average rate paid on interest-bearing liabilities, on a fully taxable-equivalent basis. (4)  Net interest margin is net interest income annualized for the six months ended June 30, 2026 and 2025, on a fully taxable-equivalent basis, divided by average total earning assets. (1)   The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns. (1)   The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns. (1)   The change in interest income and expense not solely due to changes in volume or rate has been allocated on a pro-rata basis to the volume and rate columns. (1)   Annualized for the three and six months ended June 30, 2026 and 2025 and three months ended March 31, 2026. (continued) (1)   Other credit quality indicators used for monitoring purposes are primarily FICO scores. The majority of the loans in this population were originated to borrowers with a prime FICO score (680 and above). As of June 30, 2026, the majority of the loans in this population were current. (2)   Other credit quality indicators used for monitoring purposes are primarily internal risk ratings. The majority of the loans in this population were graded with a “Pass” rating. As of June 30, 2026, the majority of the loans in this population were current. (3)   No FICO scores are primarily related to loans and leases extended to non-residents. Loans and leases of this nature are primarily secured by collateral and/or are closely monitored for performance. (1)   Annualized for the three and six months ended June 30, 2026 and 2025 and three months ended March 31, 2026.