First Hawaiian, Inc. · NASDAQ:FHB
First Hawaiian — Investor Presentation (February 2025)
18 slides from First Hawaiian's investor presentation, Feb 10, 2025
Slide 1: Investor Presentation February 10, 2025
0 Investor Presentation February 10, 2025
Slide 2: Disclaimer: Forward-Looking Statements
DISCLAIMER 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 refl
Slide 3: Investment Highlights
INVESTMENT HIGHLIGHTS 2 Strong, Consistent Financial Performance Leading Position In Attractive Markets Experienced Leadership Team High Quality Balance Sheet Proven Through The Cycle Performance Well - Capitalized With Attractive Dividend 1 2 3 4 5 6
Slide 4: Strong, Consistent Financial Performance
$359 $365 $357 $355 $353 $380 $387 $380 $395 $365 $310 $353 $336 $307 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 1.40% 1.47% 0.89% 1.00% 0.87% 0.94% 0.25% 0.50% 0.75% 1.00% 1.25% 1.50% 1.75% 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 STRONG, CONS
Slide 5: Leading Position in an Attractive Market
NALs / Loans (6) 61.6% 57.5% FHB Peer Median 14.7% 10.2% FHB Peer Median LEADING POSITION IN AN ATTRACTIVE MARKET 4 Branch Presence Financial Overview – 12/31/2024 ($ billions) Source: Public filings and S&P Global Capital IQ as of 05 - Feb - 2025 Note: Financial data as of 31 - Dec - 2024. Market d
Slide 6: Hawaii Banking Market Dominated by Local Banks
HAWAII BANKING MARKET DOMINATED BY LOCAL BANKS 5 The top 4 banks account for ~93% of deposits (2) Sources: FDIC, SEC and company filings. Company filings and public information used for peers where available, otherwise reg ula tory data used. Note: Financial data as of 31 - Dec - 2024. (1) ROATCE (r
Slide 7: Hawaii Banks Have a Significant Deposit Advantage
1.53% 2.52% 5.13% 0.00% 1.00% 2.00% 3.00% 4.00% 5.00% 6.00% 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q 1Q 2Q 3Q 4Q
Slide 8: Solid, Low-Cost Core Deposit Base
$9.1 $9.4 $10.2 $10.5 $12.2 $12.9 $13.6 $14.7 $16.1 $16.8 $17.6 $17.2 $16.4 $19.2 $21.8 $21.7 $21.3 $20.3 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 Demand 34% Money Market 20% Savings 27% Time 15% SOLID, LOW - COST CORE DEPOSIT BASE Strong brand, deep ties to the commun
Slide 9: High-Quality, Balanced Loan Portfolio
$6.5 $7.9 $8.0 $8.3 $8.3 $9.0 $9.5 $10.0 $10.7 $11.5 $12.3 $13.1 $13.2 $13.3 $13.0 $14.1 $14.4 $14.4 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 24 HIGH - QUALITY, BALANCED LOAN PORTFOLIO Steady through the cycle organic loan growth and balanced loan portfolio 8 Well - positi
Slide 10: Proven, Consistent, and Conservative Credit Risk Management
0.21% 0.10% 0.10% 0.16% 0.00% 0.50% 1.00% 1.50% '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 PROVEN, CONSISTENT, AND CONSERVATIVE CREDIT RISK MANAGEMENT Strong through the cycle credit performance driven by conservative approach to credit risk management 9 Year Ended D
Slide 11: Proven Through The Cycle Performance
$9.1 $20.3 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 '17 '18 '19 '20 '21 '22 '23 '24 Source: Public filings and S&P Global Capital IQ as of 05 - Feb - 2025 Note: Financial data as of 31 - Dec - 2024. $10 – $50 bn banks at 31 - Dec - 2023; excluding merger targets, constituted based on publicly availab
Slide 12: Well-Capitalized with an Attractive Dividend
WELL - CAPITALIZED WITH AN ATTRACTIVE DIVIDEND 11 Source: Public filings and S&P Global Capital IQ as of 05 - Feb - 2025 Note: Financial data as of 31 - Dec - 2024. $10 – $50 bn banks at 31 - Dec - 2023; excluding merger targets, constituted based on publicly available information as of 07 - Feb - 2
Slide 13: First Hawaiian, Inc.
MA First Hawaiian, Inc:
Slide 14: Full Suite of Products and Services
FULL SUITE OF PRODUCTS AND SERVICES 13 • Largest commercial lender in Hawaii • 63 commercial bankers (2) • Relationship - based lending • Primary focus on Hawaii, additional focus on California • C&I, leases, auto dealer flooring, CRE, and C&D • Strong relationships with proven local real estate dev
Slide 15: Hawaii Is an Attractive Market with Strong Economic Fundamentals
HAWAII IS AN ATTRACTIVE MARKET WITH STRONG ECONOMIC FUNDAMENTALS 14 • Attractive destination for domestic and international travelers • Attractive alternative for travelers concerned about international travel • Well - developed visitor industry infrastructure • High quality medical care • Strategic
Slide 16: GAAP to Non-GAAP Reconciliations
GAAP TO NON - GAAP RECONCILIATIONS Return on average tangible assets, return on average tangible stockholders’ equity, tangible book value per share, tangible stockholders’ equity to tangible assets and pre - tax, pre - provision earnings are non - GAAP financial measures. We compute our return on a
Slide 17: GAAP to Non-GAAP Reconciliation - Annual
GAAP TO NON - GAAP RECONCILIATION - ANNUAL 16 Note: Totals may not sum due to rounding. As of and for the Twelve Months Ended December 31, 2019 2020 2021 2022 2023 2024 (Dollars in millions, except per share data) $ 284.4 $ 185.8 $ 265.7 $ 265.7 $ 235.0 $ 230.1 Net Income $ 2,609.4 $2,698.9 $ 2,708.
Slide 18: GAAP to Non-GAAP Reconciliation - Annual (Continued)
GAAP TO NON - GAAP RECONCILIATION - ANNUAL (CONTINUED) 17 Note: Totals may not sum due to rounding. As of and for the Twelve Months Ended December 31, 2011 2012 2013 2014 2015 2016 2017 2018 (Dollars in millions, except per share data) $ 199.7 $ 211.1 $ 214.5 $ 216.7 $ 213.8 $ 230.2 $ 183.7 $ 264.4
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