First Hawaiian, Inc. · NASDAQ:FHB
First Hawaiian — Investor Presentation (February 2026)
27 slides from First Hawaiian's investor presentation, Feb 6, 2026
Slide 1: Investor Presentation February 2026
Investor Presentation FEBRUARY 2026
Slide 2: Disclaimer
Disclaimer 2 Forward - Looking Statements This presentation contains, and from time - to - time in connection with this presentation our management may make, forward - looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward - looking statements re
Slide 3: Hawaii's Best Bank
Hawaii’s Best Bank 3 Top Ranked Hawaii Bank Forbes Best Banks of America America’s Most Cybersecure Bank Forbes Leading capital generation and sustainable returns Hawaii’s Best Places to Work Hawaii Business Magazine Best Bank Honolulu Magazine Best of West Hawaii, First Place, Bank Category West Ha
Slide 4: First Hawaiian Bank at a Glance
4 First Hawaiian Bank at a Glance 1) Balance sheet data as of Dec 31, 2025. 2) ROATCE for full year 2025. ROATCE (Return On Average Tangible Common Equity) is a non - GAAP financial measures. A reconcilia tion to the comparable FHB GAAP measure is provided in the appendix. 3) Dividend yield based on
Slide 5: Deeply rooted in Hawaii with an established mainland presence
Deeply rooted in Hawaii with an established mainland presence Full - Service Bank With Balanced Portfolios 5 Note: Balance sheet data as of Dec. 31, 2025. Strong and Advantaged $21B Deposit Franchise 32% Transaction Accounts 31% Savings 16% Time Deposits 44% Consumer 56% Commercial 23% Mainland 77%
Slide 6: Diversified Financial Services and Solutions
Diversified Financial Services and Solutions 6 Deposits Commercial Lending Consumer Lending Wealth Management Merchant Processing Credit Cards Leading deposit franchise with extensive retail and commercial reach Hawaii’s largest lender with diverse financing solutions and established mainland presen
Slide 7: Hawaii's Most Profitable Bank
Hawaii's Most Profitable Bank 7 Sources: FDIC, SEC and company filings. Company filings and public information used for peers where available, otherwise regul atory data used. Note: Financial data as of Dec 31, 2025. 1) ROATA (Return On Average Tangible Assets) and ROATCE (Return On Average Tangible
Slide 8: Hawaii's Cost-Advantaged Deposit Market
Hawaii’s Cost - Advantaged Deposit Market 8 Source: S&P Global and the Federal Reserve website. 1) Includes First Hawaiian, Bank of Hawaii, American Savings, Central Pacific, Territorial Bancorp, Hawaii National. Cost of dep osits based on publicly available information as of Dec 3, 2025. Line repre
Slide 9: Diversified Economy With Strong Fundamentals
Diversified economy spanning real estate, professional services, healthcare and construction, with growing non - tourism services Resilient real estate and construction sectors supported by major federal and public projects Strong government activity, reflecting Hawaii’s strategic role in defense an
Slide 10: Focused Approach to Deliver Value
Maintaining a strong cost - advantaged deposit franchise Pursuing disciplined asset growth in high - spread opportunities, leveraging an established presence on the mainland 10 Focused Approach to Deliver Value Disciplined credit risk and prudent expense management Rooted in deep relationships and p
Slide 11: Maintaining Strong, Cost-Advantaged Deposits
Well - Balanced and Cost - Advantaged Deposits Mix with high non - interest - bearing share Maintaining Strong, Cost - Advantaged Deposits 11 Note: Balance sheet data as of Dec. 31, 2025. 1) Deposit market share based on FDIC data as of June 30, 2025. $20.5B Total Deposits Key Strengths Driving Sust
Slide 12: Pursuing Disciplined and Balanced Loan Growth
Largest Hawaii - based lender , leveraging a leading deposits franchise and strong market presence Disciplined expansion into higher - spreads markets , including wholesale lending and select mainland opportunities Experienced commercial lending team with deep relationships and leadership in small b
Slide 13: 30+ Years of Proven Success on the Mainland
30+ Years of Proven Success on the Mainland 13 Note: Balance sheet data as of Dec. 31, 2025. Tailored solutions in focused verticals: CRE Club deals with selected mainland banks and supporting Hawaii - based customers expanding business on the mainland, primarily in California and additionally in Or
Slide 14: Focused Mainland Presence Drives Future Opportunities
14 Focused Mainland Presence Drives Future Opportunities Top States Based on Commercial Real Estate Loans: California Oregon Washington Colorado Geographic diversification, with expansion into high - growth western metro areas Established relationships with regional lenders Significant expansion pot
Slide 15: Committed to Making a Lasting Impact Through Strong Relationships
Committed to Making a Lasting Impact Through Strong Relationships 15 • Supporting professional growth through various training programs, leadership initiatives and resources • Fostering perspectives and expertise sharing through employee resource groups Empowering employees • Powering personalized s
Slide 16: Strong and Consistent Profitability
Key Highlights Prudent credit decisions with proven through the cycle performance Efficient balance sheet management Demonstrated history of disciplined expense management ROATA 1 Strong and Consistent Profitability 16 Source: Public filings and S&P Capital IQ, as of Feb. 3, 2026. Note: Financial da
Slide 17: Robust Asset Quality Through Disciplined Lending
1.67% 1.75% 2.14% 2.33% 2.41% 4Q24 1Q25 2Q25 3Q25 4Q25 Robust Asset Quality Through Disciplined Lending 17 Allowance for Credit Losses & Coverage Ratio ($ millions) Net Charge - Off (NCO) Rate Criticized Loans Ratio Non - performing Assets Ratio 0.19% 0.17% 0.23% 0.26% 0.31% 4Q24 1Q25 2Q25 3Q25 4Q25
Slide 18: Proven Through-The-Cycle Performance
Proven Through - The - Cycle Performance 18 Source: Public filings and S&P Capital IQ, as of Feb. 3, 2026. 1) $10 – $50 bn banks as of Dec. 31, 2025; excluding merger targets, constituted based on publicly available information as of Feb . 3, 2026. Net Charge - Offs (NCOs) / Average Loans Non - perf
Slide 19: Strong Balance Sheet Management Driving Robust Capital Position
Key Highlights Robust capital position , above regulatory requirements Strong reserve coverage on a well - diversified portfolio Maintaining investment grade credit rating : Moody’s: Baa1 Strong Balance Sheet Management Driving Robust Capital Position 19 Source: Public filings and S&P Capital IQ, as
Slide 20: Capital Allocation Priorities
Capital Allocation Priorities Leading Capital Allocator Focused on Sustainable Shareholder Returns 20 1) Dividend yield based on FHB closing price as of Jan. 30, 2026. ~$230M Returned to Shareholders in 2025 Retain sufficient earnings to support loan growth and maintain strong capital levels Return
Slide 21: Leading capital generation and sustainable returns
Leading capital generation and sustainable returns 21 Hawaii’s Best Bank Focused approach to deepen client relationships and leverage cost - advantaged deposits to drive selective growth in attractive markets Disciplined execution and prudent credit risk driving consistent superior financial perform
Slide 22: Appendix
Appendix fr Y-@) First Hawaiian, Inc.
Slide 23: Seasoned Management Team
Seasoned Management Team 23 James M. Moses Chief Financial Officer Robert S. Harrison Chairman, President and CEO Gina O.W. Anonuevo Chief Administrative Officer Alan H. Arizumi Vice Chair Wealth Management Neill A. Char Vice Chair Retail Banking and Consumer Products Darlene Blakeney Chief Lending
Slide 24: Deeply Rooted in Hawaii, With a Strong Track Record on the Mainland
24 Deeply Rooted in Hawaii, With a Strong Track Record on the Mainland 24 1858 Bishop and Co. founded 1969 Name changed to First Hawaiian Bank Deposits >$500M 1991 - 1993 Acquired First Interstate Bank of Hawaii, East West Bank and Pioneer Federal Savings Bank 1995 Opened first dealer center in Cali
Slide 25: Q4 2025 Financial Highlights
Q4 2025 Financial Highlights 25 Total loans and lease increased $183 million Retail and commercial deposits increased $233 million Q4 Highlights $52.5 $73.8 $69.9 Net income $0.41 $0.59 $0.56 Diluted EPS 3.03% 3.19% 3.21% Net interest margin 65.5% 55.3% 55.1% Efficiency ratio 0.88% / 0.92% 1.22% / 1
Slide 26: GAAP to Non-GAAP Reconciliation
GAAP to Non - GAAP Reconciliation 26 Note: Totals may not sum due to rounding. For the Three Months Ended December 31, 2024 September 30, 2025 December 31, 2025 (Dollars in thousands) $ 52,496 $ 73,840 $ 69,931 Net Income $ 2,692,600 $ 2,710,273 $ 2,756,241 Average Total Stockholders’ Equity 995,492
Slide 27: GAAP to Non-GAAP Reconciliation
GAAP to Non - GAAP Reconciliation 27 Note: Totals may not sum due to rounding. As of and for the Twelve Months Ended December 31, 2021 2022 2023 2024 2025 (Dollars in millions) $ 265.7 $ 265.7 $ 235.0 $ 230.1 $276.3 Net Income $ 2,708.4 $ 2,321.6 $ 2,346.7 $ 2,557.2 $2,693.4 Average Total Stockholde
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