
First Hawaiian profit reaches $73.4 million
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- First Hawaiian reported second-quarter net income of $73.4 million, with diluted earnings of $0.60 per share.
- First Hawaiian shares were down 0.6% at $28.65 in premarket trading.
- The company is pursuing its all-stock acquisition of TriCo Bancshares to expand its mainland banking operations.
First Hawaiian (NASDAQ:FHB) reported second-quarter net income of $73.4 million, while diluted earnings reached $0.60 per share.
Net income increased from $67.8 million, or $0.55 per share, in the first quarter of 2026.
Loans rose $136.5 million to $14.6 billion, while deposits declined $623.2 million to $20.2 billion.
Following the announcement, First Hawaiian's share price was down 0.6% at $28.65 in premarket trading.
First Hawaiian agreed to acquire TriCo Bancshares (NASDAQ:TCBK), with shareholders receiving 2.095 First Hawaiian shares for each TriCo share.
The companies expect the combined bank to hold about $34 billion in assets, subject to approvals and closing by year-end 2026.