From GlobeNewswire:

First Hawaiian, Inc. reported financial results for its quarter ended December 31, 2023, including a net income of $47.5 million and total loans and leases increasing $21.2 million versus the prior quarter. The bank holding company also declared a quarterly cash dividend of $0.26 per share and adopted a stock repurchase program for up to $40 million of its outstanding common stock. The Company plans to use proceeds from low-yielding securities to reduce high-cost deposits. Additionally, First Hawaiian revealed quarterly highlights and details of its balance sheet, net interest income, provision expense, non-interest income, non-interest expense, taxes, asset quality, and capital figures for the fourth quarter of 2023. The company did not repurchase any shares in the fourth quarter and may face potential factors that could affect their future results and financial condition.



Read more: First Hawaiian, Inc. Reports Fourth Quarter 2023 Financial