First Hawaiian(US:FHB)2025-10-24 12:03Financial Performance - Net income for Q3 2025 was $73.8 million, or $0.59 per diluted share, compared to $73.2 million in the previous quarter[9]. - Net income for the three months ended September 30, 2025, was $73,840 thousand, up from $73,247 thousand in the prior quarter, reflecting a growth of 0.8%[21]. - Net income for Q3 2025 was $73,840,000, an increase from $61,492,000 in Q3 2024, representing a year-over-year growth of 20.5%[39]. - Average total stockholders' equity increased to $2,710,273,000 in Q3 2025 from $2,588,806,000 in Q3 2024, reflecting a growth of 4.7%[39]. - Return on average total stockholders' equity for Q3 2025 was 10.81%, compared to 9.45% in Q3 2024, indicating an improvement of 14.3%[39]. - Basic earnings per share for the three months ended September 30, 2025, was $0.59, compared to $0.58 in the prior quarter, reflecting a growth of 1.7%[21]. Asset and Deposit Growth - Total assets increased to $24.1 billion as of September 30, 2025, up from $23.8 billion at June 30, 2025[3]. - Total assets increased to $24,098,728 thousand as of September 30, 2025, up from $23,837,147 thousand as of June 30, 2025, representing a growth of 1.1%[19]. - Total deposits increased by $498.1 million to $20.7 billion compared to the prior quarter[3]. - Total deposits reached $20,729,557 thousand as of September 30, 2025, an increase from $20,231,419 thousand as of June 30, 2025, marking a rise of 2.5%[19]. - Total deposits as of September 30, 2025, reached $20,729,557, a slight decrease from $20,723,131 on June 30, 2025[33]. Income and Revenue - Net interest income for Q3 2025 was $169.3 million, a 3.5% increase from $163.6 million in the prior quarter[4]. - Noninterest income rose to $57.1 million in Q3 2025, up $3.1 million from $54.0 million in the previous quarter[6]. - Net interest income for the three months ended September 30, 2025, was $169,331 thousand, compared to $163,583 thousand for the previous quarter, an increase of 4.3%[21]. - Noninterest income for the three months ended September 30, 2025, was $57,060 thousand, compared to $53,958 thousand in the previous quarter, an increase of 5.2%[21]. - Net interest income increased by $28.4 million from $468.1 million in the nine months ended September 30, 2024, to $496.5 million in 2025[26]. Credit Quality and Losses - The allowance for credit losses was $165.3 million, representing 1.17% of total loans and leases as of September 30, 2025[10]. - The provision for credit losses was $4,500 thousand for the three months ended September 30, 2025, unchanged from the previous quarter[21]. - Non-performing assets totaled $30,933, an increase from $28,591 as of June 30, 2025, indicating a rise in credit risk[34]. - The ratio of net loans and leases charged-off to average loans and leases outstanding was 0.12% for the three months ended September 30, 2025[35]. - The total accruing loans and leases past due 90 days or more increased to $5,889 from $4,438 in the previous quarter, indicating potential future credit issues[34]. Capital Ratios and Efficiency - The tier 1 leverage ratio increased to 9.16% as of September 30, 2025, compared to 9.12% at June 30, 2025[11]. - The Common Equity Tier 1 Capital Ratio stood at 13.24% as of September 30, 2025, compared to 13.03% as of June 30, 2025, indicating improved capital strength[19]. - The efficiency ratio improved to 55.3% in Q3 2025, down from 57.2% in the previous quarter[7]. - Total stockholders' equity increased to $2,733,921 thousand as of September 30, 2025, from $2,694,545 thousand as of June 30, 2025, a rise of 1.5%[19]. Loan and Lease Performance - Total loans and leases amounted to $14,269.0 million with an average yield of 5.47% for the nine months ended September 30, 2025, compared to $14,325.1 million and 5.68% for the same period in 2024[26]. - Total loans and leases reached $14,129.3 million, a slight decrease from $14,351.8 million in the previous period[32]. - Commercial and industrial loans amounted to $2,027.5 million, down from $2,370.2 million, reflecting a decrease of 14.5%[32]. - Residential mortgage loans totaled $4,077.9 million, a decrease from $4,946.4 million, indicating a decline of 17.6%[32]. - Consumer loans reached $1,013.6 million, down from $1,125.1 million, reflecting a decrease of 9.9%[32].