First Hawaiian (FHB) investor relations material

Executive summary

• Net income for Q1 2026 was $67.8 million, or $0.55 per diluted share, with strong loan and deposit growth and stable credit quality.

• Loans and leases grew by $128.3 million, or 3.6% annualized, while total deposits increased by $261.7 million.

• Return on average tangible assets was 1.2% and return on average tangible equity was 15.3% for the quarter.

• The company actively supported communities affected by recent natural disasters in Hawaii and the Pacific.

• Declared a $0.26 per share dividend, payable in Q2 2026.

Financial highlights

• Net interest income was $167.5 million, down $2.8 million sequentially; net interest margin declined 2 basis points to 3.19%.

• Noninterest income totaled $52.8 million, down from the prior quarter due to lower BOLI and swap fee activity.

• Noninterest expense was $127.9 million, with no material non-recurring items.

• Efficiency ratio increased to 57.8% from 55.1% in Q4 2025.

• Effective tax rate for the quarter was 22.5%.

Outlook and guidance

• Full-year loan growth expected in the 3%-4% range.

• Full-year net interest margin (NIM) outlook revised to 3.22%-3.23%, with Q2 NIM expected to rise 2-3 basis points.

• Non-interest income guidance remains at approximately $220 million for the year.

• Full-year expenses forecasted at about $520 million, with gradual increases expected.

• Management remains committed to supporting communities affected by recent natural disasters and continues to focus on growth and credit quality.