First Hawaiian(US:FHB)2026-01-30 13:03Financial Performance - Net income for Q4 2025 was $69.9 million, or $0.56 per diluted share[10]. - Net income for the year ended December 31, 2025, reached $276,266 thousand, an increase from $230,129 thousand in 2024, representing a growth of approximately 20%[25]. - Return on average total stockholders' equity was 10.07% for the three months ended December 31, 2025, compared to 9.00% for the same period in the previous year[43]. - Total stockholders' equity increased to $2,769,365 as of December 31, 2025, up from $2,617,486 a year earlier[43]. - The tangible book value per share increased to $14.46 from $12.83 year-over-year, indicating improved shareholder value[43]. Assets and Liabilities - Total assets were $24.0 billion as of December 31, 2025, a slight decrease from $24.1 billion at September 30, 2025[5]. - Total assets decreased slightly to $23,955,252 thousand as of December 31, 2025, from $24,098,728 thousand as of September 30, 2025[24]. - Average total assets as of December 31, 2025, were $23,925,000, slightly down from $23,996,723 in the previous year[43]. - Total deposits decreased by $213.9 million to $20.5 billion from the previous quarter[5]. - Total deposits were $20,515,668 thousand as of December 31, 2025, down from $20,729,557 thousand as of September 30, 2025[24]. Loans and Leases - Gross loans and leases increased by $183.1 million to $14.3 billion compared to the prior quarter[5]. - Total loans and leases increased to $14,312,529 thousand as of December 31, 2025, up from $14,129,383 thousand as of September 30, 2025[24]. - Net loans and leases increased to $14,144,061 as of December 31, 2025, up 1.3% from $13,964,114 as of September 30, 2025[26]. - Total Loans and Leases outstanding reached $14,312,529 thousand as of December 31, 2025, compared to $14,129,383 thousand in the previous quarter[39]. - Total loans and leases amounted to $14,264.6 million, with a yield of 5.45% for 2025, compared to a yield of 5.65% in 2024[30]. Income and Expenses - Net interest income for Q4 2025 was $170.3 million, up $1.0 million from $169.3 million in Q3 2025[6]. - The net interest margin increased by 2 basis points to 3.21% in Q4 2025[6]. - Net interest income for the three months ended December 31, 2025, was $170,302 thousand, compared to $169,331 thousand for the previous quarter[25]. - The interest rate spread for the three months ended December 31, 2025, was 2.55%, an increase from 2.44% for the three months ended September 30, 2025[27]. - The interest rate spread increased to 2.42% for the year ended December 31, 2025, up from 2.05% in 2024[32]. Credit Quality - The company recorded a provision for credit losses of $7.7 million in Q4 2025, compared to $4.5 million in Q3 2025[7]. - Total Non-Performing Assets increased to $41,028 thousand as of December 31, 2025, up from $30,933 thousand in the previous quarter, representing a 32.5% increase[38]. - Total Non-Accrual Loans and Leases rose to $41,028 thousand, compared to $20,679 thousand a year ago, marking a 98.5% year-over-year increase[38]. - The Allowance for Credit Losses at the end of the period was $168,468 thousand, up from $160,393 thousand a year earlier, reflecting a 5.5% increase[39]. - Net Loans and Leases Charged-Off for the year totaled $16,275 thousand, compared to $13,648 thousand in the previous year, indicating a 19.1% increase[39]. Stockholder Actions - The company adopted a stock repurchase program for up to $250.0 million of its outstanding common stock[3]. - Stockholders' equity increased to $2,769,365 as of December 31, 2025, up from $2,733,921 as of September 30, 2025[26]. Branch and Operational Metrics - The number of branches remained stable at 49 as of December 31, 2025, consistent with the previous quarter[24]. - Interest-bearing deposits totaled $13,842.7 million for the three months ended December 31, 2025, with an average yield of 1.90%[27].