First Hawaiian, Inc. (NASDAQ:FHB) has reported its financial results for the fourth quarter of 2025, showing several key changes compared to the previous quarter.
Net income for the quarter was $69.9 million, or $0.56 per diluted share, marking a positive increase from the previous quarter.
Total loans and leases increased by $183.1 million, reaching $14.3 billion as of December 31, 2025, compared to $14.1 billion as of September 30, 2025.
However, total deposits decreased by $213.9 million, standing at $20.5 billion as of December 31, 2025, down from $20.7 billion as of September 30, 2025.
The net interest margin experienced a slight increase of 2 basis points, rising to 3.21% in the fourth quarter of 2025 compared to 3.19% in the prior quarter.
Additionally, the company recorded a provision for credit losses of $7.7 million during the quarter, up from $4.5 million in the previous quarter.
Noninterest income was $55.6 million in the fourth quarter of 2025, down $1.5 million from $57.1 million in the prior quarter.
Noninterest expense decreased by $0.6 million to $125.1 million in the fourth quarter of 2025 compared to $125.7 million in the prior quarter.
The effective tax rate increased to 24.8% for the fourth quarter of 2025, up from 23.2% in the previous quarter.
The allowance for credit losses stood at $168.5 million, or 1.18% of total loans and leases, as of December 31, 2025, compared to $165.3 million, or 1.17% of total loans and leases, as of September 30, 2025.
Total non-performing assets increased to $41.0 million, or 0.29% of total loans and leases and other real estate owned, on December 31, 2025, up from $30.9 million, or 0.22% of total loans and leases and other real estate owned, on September 30, 2025.
Total stockholders' equity increased to $2.8 billion on December 31, 2025, compared to $2.7 billion on September 30, 2025.
The tier 1 leverage, common equity tier 1, and total capital ratios saw slight changes, standing at 9.27%, 13.17%, and 14.42%, respectively, on December 31, 2025, compared with 9.16%, 13.24%, and 14.49%, respectively, on September 30, 2025.
The company repurchased approximately 1.0 million shares of common stock at a total cost of $26.0 million under the stock repurchase program in the fourth quarter. The average cost was $24.96 per share repurchased.
These figures demonstrate the various shifts in First Hawaiian, Inc.'s financial metrics over the fourth quarter of 2025, as the company continues to navigate changes in its loan and deposit portfolios, credit provisions, and equity positions. Today the company's shares have moved -0.67% to a price of $26.71. For the full picture, make sure to review FIRST HAWAIIAN, INC.'s 8-K report.
