First Hawaiian Inc (OQ:FHB)

Business Focus: Commercial Banks

Sector:  Financials Industry:  Banks
See Regulatory Filings on SEC
Company Contact
Address: 999 Bishop St
Honolulu HI 96813-4423
Tel: N/A
IR: See website
Key People
Robert S. Harrison
Chairman of the Board, Chief Executive Officer
Eric Kawika Yeaman
President, Chief Operating Officer
Ralph M. Mesick
Vice Chairman, Chief Risk Officer
Lance A. Mizumoto
Vice Chairman and Chief Lending Officer
Mitchell E. Nishimoto
Vice Chairman and Head of Retail Banking Group
Alan H. Arizumi
Vice Chairman of Wealth Management and Consumer Banking
Ravi Mallela
Chief Financial Officer, Executive Vice President, Treasurer
Business Overview
First Hawaiian, Inc., formerly BancWest Corporation, is a bank holding company. The Company owns First Hawaiian Bank. It operates through three segments: Retail Banking, which includes the financial products and services it provides to consumers, small businesses and certain commercial customers; Commercial Banking, which includes its corporate banking, residential and commercial real estate loans, commercial lease financing, auto dealer financing, deposit products and credit cards, and Treasury and Other, which includes its treasury business, which consists of corporate asset and liability management activities, including interest rate risk management. It provides a range of deposit accounts and lending services to commercial and consumer customers, as well as credit card products, wealth management services and merchant processing services. It provides a range of banking services to consumer and commercial customers, including deposit products, lending services and wealth management.
Financial Overview
For the three months ended 31 March 2019, First Hawaiian Inc interest income increased 11% to $172.6M. Net interest income after loan loss provision increased 4% to $139.4M. Net income increased 3% to $69.9M. Net interest income after loan loss provision reflects Retail Banking segment increase of 4% to $111.3M, Treasury & other segment increase of 50% to $3.2M, Net Interest Margin - Total - % increase of 3% to 3.23%.
Employees: 2,200 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $3,093M as of Mar 31, 2019
Annual revenue (TTM): $663.68M as of Mar 31, 2019
EBITDA (TTM): $427.50M as of Mar 31, 2019
Net annual income (TTM): $266.36M as of Mar 31, 2019
Free cash flow (TTM): $187.00M as of Mar 31, 2019
Net Debt Last Fiscal Year: N/A
Shares outstanding: 135,012,015 as of Mar 31, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization