First Hawaiian, Inc. (FHB)

First Hawaiian Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Interest Income on Loans	805.94	748.05	509.82	444.49	496.52
Interest Income on Investments	174.1	175.53	153.4	104.82	86.24
Total Interest Income	980.04	923.58	663.22	549.31	582.76
Interest Paid on Deposits	335.72	258.22	49.2	13.85	35.47
Interest Paid on Borrowings	21.59	29.23	0.47	4.9	11.55
Total Interest Expense	357.31	287.45	49.67	18.75	47.03
Net Interest Income	622.74	636.13	613.55	530.56	535.73
Net Interest Income Growth (YoY)	-2.10%	3.68%	15.64%	-0.97%	-6.57%
Trust Income	38.31	38.45	36.47	34.72	35.65
Gain (Loss) on Sale of Investments	-26.17	0.79	-	0.1	-0.11
Other Non-Interest Income	78.18	68.04	48.22	59.01	78.22
Total Non-Interest Income	185.8	200.82	179.53	184.92	197.38
Non-Interest Income Growth (YoY)	-7.48%	11.86%	-2.92%	-6.31%	2.52%
Revenues Before Loan Losses	808.54	836.94	793.07	715.48	733.11
Provision for Loan Losses	14.75	26.63	1.39	-39	121.72
Revenue	793.79	810.31	791.68	754.48	611.4
Revenue Growth (YoY)	-2.04%	2.35%	4.93%	23.40%	-18.71%
Salaries and Employee Benefits	235.57	216.15	188.83	168.08	164.19
Occupancy Expenses	-	19.3	19.99	17.47	16.9
Federal Deposit Insurance	19.09	32.07	9.6	8.25	8.66
Selling, General & Administrative	151.5	139.06	133.87	119.16	108.47
Other Non-Interest Expense	95.03	94.56	88.18	89.23	69.45
Total Non-Interest Expense	501.19	501.14	440.47	402.18	367.67
EBT Excluding Unusual Items	292.6	309.17	351.21	352.3	243.72
Legal Settlements	-	-	-	-2.1	-
Other Unusual Items	-	-	-	-1.2	-
Pretax Income	292.6	309.17	351.21	349	243.72
Income Tax Expense	62.47	74.19	85.53	83.26	57.97
Net Income	230.13	234.98	265.69	265.74	185.75
Net Income to Common	230.13	234.98	265.69	265.74	185.75
Net Income Growth	-2.07%	-11.56%	-0.02%	43.06%	-34.68%
Basic Shares Outstanding	128	128	127	129	130
Diluted Shares Outstanding	128	128	128	130	130
Shares Change (YoY)	0.32%	-0.05%	-1.20%	-0.52%	-2.37%
EPS (Basic)	1.80	1.84	2.08	2.06	1.43
EPS (Diluted)	1.79	1.84	2.08	2.05	1.43
EPS Growth	-2.72%	-11.54%	1.46%	43.36%	-32.86%
Dividend Per Share	1.040	1.040	1.040	1.040	1.040
Effective Tax Rate	21.35%	24.00%	24.35%	23.86%	23.79%

Source: S&P Capital IQ. Banks template. Financial Sources.