First Hawaiian(US:FHB)2021-07-23 15:43Financial Performance - Net income for Q2 2021 was $86.7 million, compared to $57.7 million in Q1 2021[11] - Loans grew by $151 million (excluding PPP loans) in Q2 2021[11] - Deposits increased by $701 million in Q2 2021, with a 1 basis point decrease in the cost of deposits[11] - A $35 million release in provision expense was recorded due to excellent credit quality[11, 21] - The company repurchased $22.4 million of common stock[11] Key Ratios - Net Interest Margin (NIM) decreased to 2.46% in Q2 2021 from 2.55% in Q1 2021[11] - The Efficiency Ratio was 54.7% in Q2 2021, compared to 55.5% in Q1 2021[11] - Return on Average Assets (ROA) was 1.45% and Return on Average Tangible Assets (ROATA) was 1.51%[11] - CET1 Capital Ratio was 12.76%[11] Loan Portfolio - Total Loans decreased by $197 million[12] - CRE loans increased by $132 million (+3.9%)[12] - Construction loans increased by $115 million (+15.5%)[12] - Residential loans increased by $106 million (+2.8%)[12]