First Hawaiian Q1 net income $54.2 million, $0.42 a share, up from prior quarter
First Hawaiian reported first-quarter 2024 net income of $54.2 million, or $0.42 per diluted share, up from $47.5 million, or $0.37 per share, in the fourth quarter of 2023 but down from $66.8 million, or $0.52 per share, a year earlier. The company also declared a quarterly dividend of $0.26 per share, payable May 31, 2024, and reported total deposits down $663.2 million from the prior quarter.
Key points
- Net income $54.2 million, $0.42 per diluted share, versus $0.37 in Q4 2023 and $0.52 in Q1 2023
- Net interest margin rose 10 basis points to 2.91%; net interest income $154.4 million, up 1.7% from prior quarter
- Total deposits fell $663.2 million to $20.7 billion; noninterest expense $128.8 million, down $13.5 million
- Board declared $0.26 per share dividend on April 24, 2024; payable May 31 to holders of record May 20; no shares repurchased in Q1
The filing
Written by AI on Nov 8, 2026, 1:49 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on April 26, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.