secwatch.observer — SEC 8-K summary
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Issuer:     FIRST HAWAIIAN, INC. (FHB)
CIK:        0000036377
Form:       8-K
Filed at:   2024-12-10T23:59:59+00:00
Accession:  0001104659-24-126940
Event type: other_material
Sentiment:  positive
Materiality: 0.55
Item codes: 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

First Hawaiian restructures $293M AFS portfolio; projects $8.6M NII boost in 2025
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- Sold $293M lower-yielding AFS debt securities with 1.92% avg yield; realized $19.7M after-tax loss.
- Reinvested proceeds in securities yielding 5.01% (309 bps higher); avg duration 4.1 years vs 3.2 sold.
- One-time pre-tax loss of $26.2M recognized in Q4 2024; breakeven estimated at 3 years.
- Projected to increase net interest income by ~$8.6M and NIM by ~4 bps in 2025; $0.5M in Q4 2024.
- No impact on tangible equity; company remains well-capitalized under regulatory guidelines.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/36377/000110465924126940/0001104659-24-126940-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/36377/000110465924126940/tm2430602d1_8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-24-126940

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