First Hawaiian, Inc. reported net income of $73.2 million for the second quarter ended June 30, 2025, marking a 23.6% increase over the first quarter. Diluted earnings per share reached $0.58, surpassing analyst estimates.
Net interest income grew by $3.1 million, or 1.9%, to $163.6 million compared to the prior quarter, with the net interest margin expanding by 3 basis points to 3.11%. Noninterest income also increased by $3.5 million to $54.0 million, while the efficiency ratio improved to 57.2%.
Gross loans and leases increased by $58.8 million, or 0.4%, to $14.4 billion, and total deposits saw a slight increase of $15.6 million to $20.2 billion. The allowance for credit losses remained stable at 1.17% of total loans and leases. The company repurchased $25.0 million of common stock during the quarter and declared a quarterly cash dividend of $0.26 per share.
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