FHB reports Q2 net income $62.4M, EPS $0.49; discloses Maui wildfire loan exposure

FIRST HAWAIIAN, INC.

Q2 2023 net income $62.4M ($0.49 diluted EPS); NIM fell 20 bps to 2.91%.
Loans grew $141.6M to $14.36B; deposits declined $203.3M to $21.08B; cost of deposits 1.11%.
Maui real estate-secured loans total $1.63B; $92.2M in Lahaina, $32.2M in Kula; 6-month deferrals offered.
Credit quality strong: NCOs 0.04% annualized YTD; NPAs+90s/loans+OREO 0.08%.
CET1 ratio 12.05%; dividend maintained at $0.26/share; no share repurchases in 1H 2023.

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