GlobeNewswire News Roomยท2025-07-25 12:00Core Viewpoint - First Hawaiian, Inc. reported strong financial results for the second quarter of 2025, with a net income of $73.2 million, reflecting a 23.6% increase from the previous quarter, driven by robust revenues, controlled expenses, and excellent credit quality [1][10]. Financial Performance - Net interest income for Q2 2025 was $163.6 million, up by $3.1 million or 1.9% from the prior quarter [3][21]. - Noninterest income increased to $54.0 million, a rise of $3.5 million compared to the previous quarter [5][21]. - Noninterest expense was $124.9 million, an increase of $1.4 million from the prior quarter, with an efficiency ratio of 57.2% [6][21]. Balance Sheet Highlights - Total assets reached $23.8 billion as of June 30, 2025, compared to $23.7 billion at the end of Q1 2025 [2][22]. - Gross loans and leases increased to $14.4 billion, a rise of $58.8 million or 0.4% from the previous quarter [2][22]. - Total deposits were $20.2 billion, reflecting an increase of $15.6 million from March 31, 2025 [2][22]. Credit Quality - The allowance for credit losses was $167.8 million, maintaining a ratio of 1.17% of total loans and leases [8][22]. - Net charge-offs for Q2 2025 were $3.3 million, or 0.09% of average loans and leases, down from $3.8 million or 0.11% in the prior quarter [8][22]. Capital and Dividends - Total stockholders' equity increased to $2.7 billion as of June 30, 2025, compared to $2.6 billion at the end of Q1 2025 [9][22]. - The Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on August 29, 2025 [1][10].