other material
confidence high
sentiment positive
materiality 0.30
First Hawaiian posts 2023 net income $235M; ROATCE 17.4%; $40M buyback authorized for 2024
FIRST HAWAIIAN, INC.
- 2023 net income of $235.0M; ROATCE 17.4% and ROATA 0.99% (non-GAAP).
- Cost of deposits 0.87% in 2023, well below peer median of 1.71%.
- Loans of $14.4B, deposits $21.3B; loan/deposit ratio 67.5%.
- Quarterly dividend maintained at $0.26/share; new $40M stock repurchase authorization for 2024.
- Hawaii deposit market share 33.5% (FDIC June 2023); 50 branches across Hawaii, Guam, Saipan.