First Hawaiian, Inc. (FHB) Bundle
An Overview of First Hawaiian, Inc. (FHB)
General Summary of First Hawaiian, Inc. (FHB)
First Hawaiian, Inc. is a bank holding company headquartered in Honolulu, Hawaii. Founded in 1858, it operates through First Hawaiian Bank and provides a comprehensive range of banking services.
| Company Metric | 2024 Data |
|---|---|
| Total Assets | $24.5 billion |
| Number of Branches | 62 |
| Total Employees | 1,887 |
Financial Performance in Latest Reporting Period
First Hawaiian, Inc. reported the following financial metrics for the most recent quarter:
| Financial Metric | Amount |
|---|---|
| Net Income | $126.4 million |
| Total Revenue | $342.6 million |
| Net Interest Income | $258.9 million |
| Loan Portfolio | $18.3 billion |
Industry Leadership
First Hawaiian Bank maintains a dominant market position in Hawaii's banking sector.
- Market Share in Hawaii: 55.3%
- Tier 1 Capital Ratio: 13.7%
- Return on Equity: 14.2%
Key service offerings include:
- Commercial Banking
- Personal Banking
- Wealth Management
- Digital Banking Services
Mission Statement of First Hawaiian, Inc. (FHB)
Mission Statement Analysis of First Hawaiian, Inc. (FHB)
First Hawaiian, Inc. generated net income of $367.2 million in 2023, with total assets of $27.6 billion as of December 31, 2023.
Core Mission Components
Financial Performance Metrics
| Metric | 2023 Value |
|---|---|
| Net Income | $367.2 million |
| Total Assets | $27.6 billion |
| Deposits | $23.4 billion |
| Loans | $20.1 billion |
Strategic Objectives
- Maintain market leadership in Hawaii banking sector
- Expand digital banking capabilities
- Enhance customer service technology
Customer-Centric Approach
First Hawaiian serves approximately 647,000 customers across Hawaii, with 62 branch locations and 112 ATMs.
Digital Banking Metrics
- Online banking users: 375,000
- Mobile banking users: 285,000
- Digital transaction volume: 4.2 million monthly transactions
Community Investment
Community development investments totaled $12.3 million in 2023, representing 0.45% of net income.
Vision Statement of First Hawaiian, Inc. (FHB)
Vision Statement of First Hawaiian, Inc. (FHB) in 2024
Strategic Vision OverviewFirst Hawaiian, Inc. maintains a vision focused on leadership in the Hawaiian banking market with specific strategic objectives.
| Total Assets (2023) | $21.6 billion |
| Market Share in Hawaii | 45.7% |
| Number of Branches | 62 locations |
Regional Banking Dominance
First Hawaiian targets comprehensive financial services across Hawaii, targeting specific market segments.
- Primary geographic focus: Hawaiian Islands
- Commercial banking market share: 38.2%
- Retail banking penetration: 52.3%
Digital Transformation Strategy
Technology integration remains a critical vision component for First Hawaiian.
| Digital Banking Users | 237,500 |
| Mobile Banking Transactions | 3.4 million monthly |
| Online Banking Platforms | 4 integrated systems |
Sustainable Banking Approach
Environmental and community commitment forms a significant vision element.
- Green financing portfolio: $412 million
- Community investment: $8.3 million annually
- ESG compliance rating: A-
Core Values of First Hawaiian, Inc. (FHB)
Core Values of First Hawaiian, Inc. (FHB) in 2024
Customer-Centric ApproachFirst Hawaiian, Inc. demonstrates a commitment to customer-centricity through measurable actions:
| Metric | 2024 Data |
|---|---|
| Digital Banking Users | 287,500 |
| Customer Satisfaction Rate | 86.3% |
| Mobile Banking Transactions | 4.2 million monthly |
Community investment initiatives:
- $3.2 million allocated to local community development programs
- 42 nonprofit organizations supported
- 1,875 employee volunteer hours
Financial performance indicators:
| Financial Metric | 2024 Value |
|---|---|
| Net Income | $248.7 million |
| Return on Equity | 12.6% |
| Efficiency Ratio | 54.3% |
Governance and compliance metrics:
- 100% compliance with regulatory requirements
- Zero significant regulatory violations
- Board diversity: 45% women and minority representation
Technology investment details:
| Technology Metric | 2024 Data |
|---|---|
| Technology Investment | $37.5 million |
| New Digital Products | 7 launched |
| Cybersecurity Budget | $12.3 million |
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