secwatch.observer — SEC 8-K summary
======================================

Issuer:     FIRST HAWAIIAN, INC. (FHB)
CIK:        0000036377
Form:       8-K
Filed at:   2023-11-13T23:59:59+00:00
Accession:  0001104659-23-117204
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

FHB Q3 net income $58.2M ($0.46 EPS); Maui wildfire loan exposure $115.7M
-------------------------------------------------------------------------

- Net income $58.2M, diluted EPS $0.46; NIM 2.86%, down 5 bps QoQ; efficiency ratio 58.3%.
- Total deposits grew $433.3M to $21.5B; loans declined $30.5M to $14.3B; CET1 ratio 12.21%.
- Maui wildfire-affected area loans total $115.7M (Lahaina $84.7M, Kula $31.0M); no loans to electric utility.
- Dividend declared at $0.26/share payable Dec 1, 2023; $40M stock repurchase authorization for 2023 unused YTD.
- ROATCE 16.84% (annualized); cost of deposits 1.40%; well-capitalized with strong credit metrics.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36377/000110465923117204/0001104659-23-117204-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36377/000110465923117204/tm2330467d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-23-117204

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer