First Hawaiian (FHB) Q1 2026 earnings summary

Executive summary

• Net income for Q1 2026 was $67.8 million, or $0.55 per diluted share, up 14% year-over-year, with strong loan and deposit growth and stable credit quality.

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

• Return on average total assets was 1.14% and return on average tangible equity was 15.33%.

• The company maintained strong liquidity, capital, and asset quality, remaining well-capitalized under regulatory standards.

• Board declared a quarterly dividend of $0.26 per share, payable in Q2 2026.

Financial highlights

• Net interest income was $167.5 million, down $2.8 million sequentially, with net interest margin at 3.19%.

• Noninterest income was $52.8 million, down from the prior quarter, and noninterest expense was $127.9 million.

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

• Cost of deposits fell 7 basis points to 1.22%.

• Book value per share was $22.75; tangible book value per share was $14.57.

Outlook and guidance

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

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

• Noninterest income guidance remains at approximately $220 million for the year; expenses forecasted at about $520 million.

• Effective tax rate for the quarter was 22.5%.

• Management remains committed to supporting communities affected by recent natural disasters.