First Hawaiian reported second-quarter 2026 net income of $73.4 million, or $0.60 per diluted share, on total assets of $23.6 billion as of June 30, 2026. Net interest income was $171.0 million and net interest margin improved to 3.25% for the quarter. The board declared a quarterly cash dividend of $0.26 per share payable August 28, 2026.
Financial Highlights
- Net income: $73.4 million for the quarter ended June 30, 2026; diluted EPS: $0.60.
- Net interest income: $171.0 million in Q2 2026, up $3.5 million from the prior quarter.
- Net interest margin: 3.25% in Q2 2026, an increase of 6 basis points versus the prior quarter.
- Provision for credit losses: $5.6 million recorded in the quarter.
- Total assets $23.6 billion and total stockholders' equity $2.8 billion as of June 30, 2026; quarterly dividend declared $0.26 per share.
Business Highlights
- Total loans and leases increased by $136.5 million to $14.6 billion versus the prior quarter, driven by growth across commercial and residential portfolios.
- Total deposits decreased by $623.2 million to $20.2 billion versus the prior quarter, with shifts across interest-bearing and noninterest-bearing balances.
- Asset quality remained stable: allowance for credit losses was $168.1 million (1.15% of loans and leases) and total non-performing assets were $39.5 million (0.27%).
- Capital and liquidity metrics strengthened modestly: common equity tier 1 ratio rose to 13.27% and tier 1 leverage to 9.46% as of June 30, 2026.
- Operational footprint: 49 branches, 274 ATMs and approximately 1,995 full-time equivalent employees supporting Hawaii, Guam and Saipan markets; acquisition of Tri Counties Bank announced to expand franchise and capabilities.
Original SEC Filing:
This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.