First Hawaiian Stock Earnings Reports

First Hawaiian reported a strong start to FY2026 with loan and deposit growth, solid credit metrics, and continued capitalization and liquidity. Management highlighted community support after recent storms. Key financials and guidance: Q1 return on average tangible assets 1.2% and return on average tangible equity 15.3%; net interest income $167.5M and NIM 3.19% (down 2 bps sequentially due to the full-quarter impact of the December rate cut). Deposits rose $262M (driven by a $244M increase in public operating balances); total cost of deposits improved to 1.22% and noninterest-bearing deposits were 31% of total. Loans grew $128M in the quarter (3.6% annualized) with CRE and C&I strength offsetting residential and construction runoff. Credit remained healthy: quarterly net charge-offs $4.9M (14 bps), provision $5M, allowance $169M (coverage 1.17% of loans). Capital actions included ~$32–34M in share repurchases in Q1 against a $250M authorization. Outlook: full-year loan growth 3%–4%; revised full-year NIM 3.22%–3.23% (Q2 NIM expected +2–3 bps from Q1); noninterest income forecast ~ $220M; full-year expenses ~ $520M (expected to ramp through the year). Management plans to reinvest cash flows as they occur (no securities portfolio expansion) and noted potential regulatory capital rule changes could add ~1% to CET1 if finalized. Areas to watch: deposit CD rolloffs (~$1B in Q2) and repricing dynamics (management expects ~ $400M of fixed cash flows repricing each quarter, driving NIM improvement if rates remain unchanged).