First Hawaiian(US:FHB) Globenewswire·2025-10-24 12:00Core Insights - First Hawaiian, Inc. reported strong financial results for the third quarter of 2025, highlighting market-leading performance and effective teamwork [2][3]. Financial Performance - Net income for the third quarter was $73.8 million, or $0.59 per diluted share, compared to $73.2 million, or $0.58 per diluted share in the previous quarter [12][24]. - Net interest income increased to $169.3 million, up $5.7 million or 3.5% from the prior quarter [5][20]. - Noninterest income rose to $57.1 million, an increase of $3.1 million compared to the previous quarter [7][20]. - Noninterest expense was $125.7 million, a slight increase of $0.8 million from the prior quarter [8][20]. Balance Sheet Highlights - Total assets reached $24.1 billion, up from $23.8 billion at the end of the previous quarter [4][20]. - Total deposits increased by $498.1 million to $20.7 billion [4][20]. - Gross loans and leases decreased by $222.5 million to $14.1 billion [4][20]. Asset Quality - The allowance for credit losses was $165.3 million, representing 1.17% of total loans and leases, unchanged from the previous quarter [10][20]. - Net charge-offs for the quarter were $4.2 million, or 0.12% of average loans and leases, compared to $3.3 million or 0.09% in the prior quarter [10][20]. Capital and Dividends - Total stockholders' equity remained stable at $2.7 billion [11][20]. - The Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on November 28, 2025 [2][12]. Efficiency and Ratios - The efficiency ratio improved to 55.3% from 57.2% in the previous quarter [8][20]. - The net interest margin increased by 8 basis points to 3.19% [5][20]. - The effective tax rate for the quarter was 23.2%, up from 16.9% in the previous quarter [9][20]. Shareholder Actions - The company repurchased 964 thousand shares of common stock at a total cost of $24.0 million during the third quarter [13][20].