First Hawaiian (FHB) Tops Q1 EPS by 1c

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First Hawaiian, Inc. Reports First Quarter 2017 Financial Results and Declares Dividend

April 27, 2017 4:06 PM EDT

HONOLULU, April 27, 2017 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB), (the Company) today reported financial results for the quarter ended March 31, 2017.

First Quarter Highlights

Net income for the quarter ended March 31, 2017 was $56.7 million, or $0.41 per diluted share, and core net income1 was $57.0 million, or $0.41 per diluted shareBoard of Directors declared a dividend of $0.22 per shareSuccessful follow-on stock offering completed in February 2017.  BNP Paribas sold 28.75 million shares, reducing its ownership level to 62%

We are pleased to start 2017 with a solid first quarter.  Loans and... More