First Hawaiian (FHB) investor relations material

Executive summary

• Achieved strong financial performance in 2025, with net income up 20% to $276.3M and net interest margin rising to 3.15%.

• Maintained disciplined expense management, with noninterest expenses decreasing by $1.8M.

• Returned capital to shareholders via $100M in stock repurchases and $100M in dividends; authorized a new $250M repurchase program for 2026.

• Continued robust community engagement, including $5.6M in charitable donations and high employee volunteerism.

• Received eleventh consecutive "Outstanding" FDIC rating under the Community Reinvestment Act.

Voting matters and shareholder proposals

• Shareholders will vote on: election of eight directors, advisory say-on-pay for executive compensation, and ratification of Deloitte & Touche LLP as external auditor for 2026.

• Board recommends voting FOR all proposals.

• Proxy access and shareholder proposal deadlines for 2027 annual meeting are specified.

Board of directors and corporate governance

• Board will be reduced to eight members, seven of whom are independent; 38% women and 63% ethnic minorities.

• Board committees include Audit, Compensation, Corporate Governance and Nominating, and Risk, all composed of independent directors.

• Lead Independent Director role established; annual board and committee performance reviews conducted.

• Stockholders have proportionate voting rights; no poison pill or supermajority requirements.

• Active year-round engagement with investors and stakeholders.