1ST HAWAIIAN INC. DL-,01

First Hawaiian recorded net income of $73.4 million in the second quarter ($0.60 per diluted share) and announced a quarterly dividend of $0.26. Loan and lease volume rose to $14.6 billion, while deposits fell to $20.2 billion and total assets amounted to $23.6 billion. Net interest income was $171.0 million with a net interest margin of 3.25%; provision for credit losses was $5.6 million and net charge-offs were $4.1 million. The CET1 ratio was 13.27%, and there were no share repurchases during the quarter. » More on de.investing.com

First Hawaiian agreed to an all-stock merger with TriCo Bancshares under which TriCo shareholders will receive 2.095 First Hawaiian shares per TriCo share, valuing TriCo at about $63.12 based on First Hawaiian's July 10 close. After closing, First Hawaiian shareholders are expected to own roughly 65% of the combined company and TriCo investors 35%. The deal, approved unanimously by both boards, will keep the Tri Counties Bank brand and is expected to close in 2026 subject to regulatory and shareholder approvals; four TriCo board members including CEO Rick Smith will join First Hawaiian's boards. First Hawaiian also released preliminary Q2 results showing net income of $73.4 million, diluted EPS of $0.60, a net interest margin of 3.25% and gross loans of $14.6 billion; full results are due July 24, 2026. » More on finance.yahoo.com

First Hawaiian's stock hit a new 52-week high of $28.37 after rising nearly 19% over the past year. InvestingPro classifies the stock as undervalued (P/E 12.09, PEG 0.48) and notes a dividend yield of 3.78% as well as 11 consecutive years of dividend payments. In Q1 2026 the company slightly beat EPS expectations ($0.55 vs. $0.54) but narrowly missed revenue estimates ($220.35 million vs. $221.04 million). » More on de.investing.com

First Hawaiian opened 2026 with loan growth (up ~$128 million, 3.6% annualized) and deposits up $262 million, repurchasing roughly $32–34 million of stock in Q1. Management revised full-year guidance to loan growth of 3–4% and NIM of 3.22%–3.23%, with Q2 NIM expected +2–3 bps versus Q1, and reiterated non-interest income of about $220 million and expenses of about $520 million. The bank remains asset-sensitive, sees easing deposit costs, plans to reinvest securities cash flows, and reported stable credit metrics (ROA 1.2%, ROE 15.3%, allowance 1.17% of loans). » More on finance.yahoo.com

First Hawaiian reported diluted EPS of $0.55 and net income of $67.8 million for Q1 2026, slightly above expectations despite a decline in net interest margin to 3.19%. Revenue was $220.35 million, marginally below consensus, but deposits rose strongly by $261.7 million to $20.78 billion, bolstering the balance sheet. Loan balances grew to $14.44 billion with solid diversification and low nonperforming loans, and capital ratios remained robust. Management reaffirmed full-year guidance for loan growth, noninterest income and expenses, expects a modest margin improvement in Q2, and announced a dividend and share buybacks. » More on de.investing.com