secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HAWAIIAN, INC. (FHB)
CIK:        0000036377
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001104659-24-019865
Event type: other_material
Sentiment:  positive
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Hawaiian posts 2023 net income $235M; ROATCE 17.4%; $40M buyback authorized for 2024
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36377/000110465924019865/0001104659-24-019865-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36377/000110465924019865/tm245864d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-019865

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