First Hawaiian, Inc. Reports Third Quarter 2026 Financial Results and Declares Dividend
First Hawaiian reported Q3 2026 net income of $63.7 million, or $0.52 per diluted share, down from $0.59 a year earlier, with net interest margin expanding 5 basis points to 3.30%. Credit quality deteriorated materially: the provision jumped to $20.3 million from $5.6 million last quarter, driven by a $12.5 million charge-off on a single CRE loan, and net charge-offs rose to 0.60% of average loans. Results were also muddied by a $24.3 million tax-settlement expense offset by a $31.0 million tax benefit tied to the 2016 reorganization.
Key figures
- Eps
- 0.52
- Revenue Yoy
- 0.16%
- Npa ratio
- 0.32%
- Cet1 ratio
- 13.50%
- Net income
- 63730000
- Gross loans
- 14462228000
- Tax benefit
- 31000000
- Merger costs
- 6700000
- Total assets
- 23764015000
- Nim change bps
- 5
- Total deposits
- 20204570000
- Net charge offs
- 21900000
- Efficiency ratio
- 69.2%
- Dividend per share
- 0.26
- Net interest income
- 174104000
- Net interest margin
- 3.30%
- Net charge off ratio
- 0.60%
- Tier1 leverage ratio
- 9.61%
- Non performing assets
- 46000000
- Tax settlement expense
- 24300000
- Provision credit losses
- 20308000
- Provision prior quarter
- 5600000
- Allowance credit losses ratio
- 1.14%
AI analysis
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