First Hawaiian, Inc. (FHB) Financial Statements (2023 and earlier)

Company Profile

Business Address 999 BISHOP STREET
HONOLULU, HI 96813
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments526,624948,9341,533,6761,626,1601,258,4692,399,082
Cash and cash equivalents526,624948,9341,533,6761,626,1601,258,4692,399,082
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss7,500     
Total current assets:534,124948,9341,533,6761,626,1601,258,4692,399,082
Noncurrent Assets
Operating lease, right-of-use asset 62,800   64,200 
Property, plant and equipment280,355299,179310,047315,766318,448317,272
Intangible assets, net (including goodwill)995,4921,002,3581,002,6441,003,142995,4921,004,599
Goodwill995,492995,492995,492995,492995,492995,492
Intangible assets, net (excluding goodwill) 6,8667,1527,650 9,107
Total noncurrent assets:1,338,6471,301,5371,312,6911,318,9081,378,1401,321,871
Other undisclosed assets22,704,45222,619,80122,531,16622,097,65222,355,80121,827,369
TOTAL ASSETS:24,577,22324,870,27225,377,53325,042,72024,992,41025,548,322
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt75,000     
Total current liabilities:75,000     
Noncurrent Liabilities
Other undisclosed liabilities22,233,21822,669,62123,124,92222,757,57122,335,49822,836,588
Total liabilities:22,308,21822,669,62123,124,92222,757,57122,335,49822,836,588
Equity
Equity, attributable to parent2,269,0052,200,6512,252,6112,285,1492,656,9122,711,734
Common stock1,4101,4101,4091,4091,4061,406
Treasury stock, value(368,031)(368,037)(365,525)(358,195)(354,998)(333,471)
Additional paid in capital2,538,3362,535,6012,533,4072,530,7952,527,6632,524,168
Accumulated other comprehensive loss(639,254)(658,756)(571,457)(517,502)(121,693)(61,463)
Retained earnings736,544690,433654,777628,642604,534581,094
Total equity:2,269,0052,200,6512,252,6112,285,1492,656,9122,711,734
TOTAL LIABILITIES AND EQUITY:24,577,22324,870,27225,377,53325,042,72024,992,41025,548,322

Income Statement (P&L) ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Revenues219,945208,593189,284175,252178,900182,697
Net investment income162,614138,796114,812104,514112,916111,970
Cost of revenue (1,392)(3,183)(1,000)   
Provision for loan, lease, and other losses  (3,183)(1,000)   
Gross profit:218,553205,410188,284175,252178,900182,697
Operating expenses(10,247)(10,017)(9,328)(9,438)(9,653)(8,259)
Operating income:208,306195,393178,956165,814169,247174,438
Interest and debt expense(28,671)(13,654)(4,597)(2,749)(3,982)(4,611)
Income from continuing operations before equity method investments, income taxes:179,635181,739174,359163,065165,265169,827
Other undisclosed loss from continuing operations before income taxes(76,568)(89,661)(95,250)(86,108)(95,114)(84,166)
Income from continuing operations before income taxes:103,06792,07879,10976,95770,15185,661
Income tax expense(23,479)(23,060)(19,749)(19,238)(13,129)(21,382)
Income from continuing operations:79,58869,01859,36057,71957,02264,279
Income before gain (loss) on sale of properties:69,01859,36057,71957,02264,279
Net income available to common stockholders, diluted:79,58869,01859,36057,71957,02264,279

Comprehensive Income ($ in thousands)

3/31/2023
Q1
12/31/2022
Q4
9/30/2022
Q3
6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
Net income:79,58869,01859,36057,71957,02264,279
Comprehensive income:79,58869,01859,36057,71957,02264,279
Other undisclosed comprehensive income (loss), net of tax, attributable to parent19,502(87,299)(53,955)(395,809)(60,230)(31,761)
Comprehensive income (loss), net of tax, attributable to parent:99,090(18,281)5,405(338,090)(3,208)32,518

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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