First Hawaiian(US:FHB)2024-04-26 17:27Financial Performance - Net income for Q1 2024 was $542 million, compared to $475 million in Q4 2023 and $668 million in Q1 2023[25, 49] - Net interest margin increased by 10 basis points to 291% in Q1 2024[25, 32] - Efficiency ratio improved to 622% in Q1 2024 from 673% in Q4 2023[25] - Return on average assets (ROA) was 090% and return on average tangible assets was 094% for Q1 2024[25] Balance Sheet - Total assets decreased to $242792 million as of March 31, 2024, from $249265 million as of December 31, 2023[27] - Total loans and leases decreased slightly to $143202 million[25, 27] - Total deposits decreased by $663 million, or 31%, to $206695 million[25, 30] - The company declared a dividend of $026 per share[25] Asset Quality - The Asset ACL / Total Loans and Leases increased 3 basis points to 112%[8] - Office exposure in CRE represents approximately 53% of total loans and leases, with criticized office CRE at 9 bps of total loans and leases[34]