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Stock impact report

First Hawaiian, Inc. Reports First Quarter 2024 Financial Results and Declares Dividend

First Hawaiian, Inc. (FHB) 
Last first hawaiian, inc. earnings: 4/24 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.fhb.com/investor-relations
Company Research Source: GlobeNewswire
HONOLULU, April 26, 2024 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended March 31, 2024. “I’m pleased to report that we started 2024 with a solid first quarter,” said Bob Harrison, Chairman, President, and CEO. “We had strong earnings, continued excellent credit quality and continued to grow our capital levels.”  On April 24, 2024, the Company’s Board of Directors declared a quarterly cash dividend of $0.26 per share. The dividend will be payable on May 31, 2024, to stockholders of record at the close of business on May 20, 2024. First Quarter 2024 Highlights: Net income of $54.2 million, or $0.42 per diluted shareTotal loans and leases decreased $33.3 million versus prior quarterTotal deposits decreased $663.2 million versus prior quarterNet interest margin increased 10 basis points to 2.91%Recorded a $6.3 million provision for credit losses$4.1 million FDIC Show less Read more
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