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 six months ended 30 June 2019, First Hawaiian Inc interest income increased 10% to $346.4M. Net interest income after loan loss provision increased 4% to $281.2M. Net income increased 4% to $142.4M. Net interest income after loan loss provision reflects Retail Banking segment increase of 1% to $223.7M, Treasury & other segment increase of 76% to $6.1M, Net Interest Margin - Total - % increase of 3% to 3.24%.
Employees: 2,200 as of Dec 31, 2018
Reporting Currency: U.S. Dollars
Enterprise value: $3,835M as of Jun 30, 2019
Annual revenue (TTM): $678.48M as of Jun 30, 2019
EBITDA (TTM): $439.70M as of Jun 30, 2019
Net annual income (TTM): $269.74M as of Jun 30, 2019
Free cash flow (TTM): $138.49M as of Jun 30, 2019
Net Debt Last Fiscal Year: $176.23M as of Jun 30, 2019
Shares outstanding: 133,289,212 as of Jul 18, 2019
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization