First Hawaiian Inc 2025年季度报告

FORM10-Q ☑QUARTERLY REPORT PURSUANT TO SECTION13 OR 15(d)OF THESECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedSeptember30,2025 or ☐TRANSITION REPORT PURSUANT TO SECTION13 OR 15(d)OF THESECURITIES EXCHANGE ACT OF 1934 For the transition period fromtoCommission File Number001-14585 FIRST HAWAIIAN, INC.(Exact Name of Registrant as Specified in its Charter) Delaware99-0156159(State or Other Jurisdiction of Incorporation orOrganization)(I.R.S. Employer Identification No.) (808)525-7000(Registrant’s telephone number, including area code) Not Applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Nameofeachexchangeonwhichregistered: Indicate by check mark whether the registrant (1)has filed all reports required to be filed by Section13 or 15(d)of theSecurities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant wasrequired to file such reports), and (2)has been subject to such filing requirements for the past 90 days.Yes☒No☐. Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to besubmitted pursuant to Rule405 of Regulation S-T (section 232.405 of this chapter) during the preceding 12 months(or for such shorter period that the registrant was required to submit such files).Yes☒No☐. Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, asmaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,”“accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Accelerated filer☐Smaller reporting company☐Emerging growth company☐ Large Accelerated Filer☒Non-accelerated filer☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transitionperiod for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of theExchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the ExchangeAct).Yes☐No☒. Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicabledate:123,719,585shares of Common Stock, par value $0.01 per share, were outstanding as of October 24, 2025. TABLE OF CONTENTS FIRST HAWAIIAN, INC.FORM 10-QINDEX Part I Financial Information Item 1.Financial Statements (unaudited)2Consolidated Statements of Income for the three and nine months endedSeptember30,2025 and 20242Consolidated Statements of Comprehensive Income for the three and nine monthsended September 30,2025 and 20243Consolidated Balance Sheets as of September30,2025 and December31,20244Consolidated Statements of Stockholders' Equity for the three and nine months endedSeptember 30, 2025 and 20245Consolidated Statements of Cash Flows for the nine months endedSeptember30,2025 and 20247Notesto Consolidated Financial Statements (unaudited)8Item 2.Management's Discussion and Analysis of Financial Condition and Results ofOperations55Item 3.Quantitative and Qualitative Disclosures about Market Risk96Item 4.Controls and Procedures96Part II Other Information96Item 1.Legal Proceedings96Item1A.Risk Factors96Item 5.Other Information97Item 6.Exhibits98Exhibit Index98Signatures99 PART I. FINANCIAL INFORMATIONITEM 1. FINANCIAL STATEMENTS FIRST HAWAIIAN, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF INCOME(Unaudited) FIRST HAWAIIAN, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME(Unaudited) FIRST HAWAIIAN, INC. AND SUBSIDIARYCONSOLIDATED BALANCE SHEETS(Unaudited) Stockholders' equityCommon stock ($0.01par value; authorized300,000,000shares;issued/outstanding:142,173,027/123,719,585as of September30,2025;issued/outstanding:141,748,847/126,422,898as of December31,2024)1,4221,417Additional paid-in capital2,572,1562,560,380Retained earnings1,041,573934,048Accumulated other comprehensive loss, net(388,149)(463,994)Treasury stock (18,453,442shares as of September30,2025 and15,325,949shares as of December31,2024)(493,081)(414,365)Total stockholders' equity2,733,9212,617,486Total liabilities and stockholders' equity$24,098,728$23,828,186 FIRST HAWAIIAN, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY(Unaudited) FIRST HAWAIIAN, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY (continued)(Unaudited) FIRST HAWAIIAN, INC. AND SUBSIDIARYCONSOLIDATED STATEMENTS OF CASH FLOWS(Unaudited) Nine Months EndedSeptember30,(dollarsinthousands)20252024Cash flows from operating activitiesNet income$206,335$177,633Adjustments to reconcile net income to net cash provided by operating activities:Provision for credit losses19,50015,500Depreciation, amortization and accretion, net25,62528,570Deferred income tax provision (benefit)2