First Hawaiian, Inc. reported third quarter 2026 revenue of $230.2 million, narrowly beating analyst estimates, though earnings of $0.52 per share missed the $0.59 consensus. Results were significantly impacted by a $31.0 million income tax benefit offset by a $24.3 million settlement expense related to a 2016 reorganization. Credit quality remains a focus as the provision for credit losses jumped to $20.3 million, largely due to a single $12.5 million commercial real estate loan charge-off.
Key Highlights
- Net interest margin expanded by 5 basis points sequentially to 3.30%, benefiting from asset repricing.
- Provision for credit losses increased to $20.3 million from $5.6 million in the prior quarter, driven by CRE downgrades and a partial charge-off.
- Total deposits grew slightly to $20.2 billion, while the loan portfolio contracted by $115.1 million to $14.5 billion.
- Capital levels improved with the Common Equity Tier 1 ratio rising to 13.50% from 13.27% last quarter.