First Hawaiian Bank

Office Properties Income Trust Announces $425 Million Amended and Restated Secured Credit Facilities

Retrieved on: 
Monday, January 29, 2024
Construction & Property, REIT, Bank of America, Barclays, OPI, PNC Financial Services, First Horizon Bank, First Hawaiian Bank, Associated Banc-Corp, Facility, BofA Securities, UBS AG, Berkshire Bank, Royal Bank, Citibank, Regions Financial Corporation, Wells Fargo, Bank, UBS, Commercial bank, Sumitomo Mitsui Banking Corporation, Royal Bank of Canada, National Association, Security (finance)

Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities.

Key Points: 
  • Office Properties Income Trust (Nasdaq: OPI) today announced that it has entered into a second amended and restated secured credit agreement that governs its new $325 million secured revolving credit facility and $100 million secured term loan, or the Facilities.
  • OPI has a one-year extension option for the $325 million secured revolving credit facility, subject to the payment of an extension fee and satisfaction of certain other customary conditions.
  • The Facilities are secured by 19 office properties with a gross carrying value of $942 million.
  • The Facilities replace OPI’s previous $750 million unsecured revolving credit facility that was scheduled to mature on January 31, 2024.

First Hawaiian, Inc. Reports Fourth Quarter 2023 Financial Results and Declares Dividend

Retrieved on: 
Friday, January 26, 2024
Hawaii–Aleutian Time Zone, Total, Trust, Insurance, ATM, First Hawaiian Bank, FHB, Rule, Webcast, Security (finance), Airline

Net income of $47.5 million, or $0.37 per diluted share

Key Points: 
  • Net income of $47.5 million, or $0.37 per diluted share
    Total assets were $24.9 billion at December 31, 2023 and September 30, 2023.
  • Net interest income for the fourth quarter of 2023 was $151.8 million, a decrease of $5.4 million, or 3.4%, compared to $157.1 million for the prior quarter.
  • The net interest margin was 2.81% in the fourth quarter of 2023, a decrease of 5 basis points compared to 2.86% in the prior quarter.
  • Noninterest income was $58.3 million in the fourth quarter of 2023, an increase of $12.3 million compared to noninterest income of $46.1 million in the prior quarter.

CPI Card Group Announces Appointment of Ravi Mallela to its Board of Directors

Retrieved on: 
Tuesday, November 7, 2023
Software, Technology, Payments, Treasury, UCLA Anderson School of Management, MBA, PMTS, CPI, Economics, Senior, First Republic Bank, University, Management, First Hawaiian Bank, Mallela Theertham

CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that Ravi Mallela has been appointed to its Board of Directors as an independent member, effective November 15, 2023.

Key Points: 
  • CPI Card Group Inc. (Nasdaq: PMTS) (“CPI” or the “Company”), a payment technology company and leading provider of credit, debit and prepaid solutions, today announced that Ravi Mallela has been appointed to its Board of Directors as an independent member, effective November 15, 2023.
  • Mallela currently serves as the Chief Financial Officer of NMI Holdings Inc. (Nasdaq: NMIH), a publicly-traded mortgage insurance company.
  • “We are very pleased to have Ravi join the CPI Board,” said H. Sanford Riley, Chair of the Board of Directors.
  • With the addition of Mallela, CPI’s Board consists of seven members, including six independent members.

First Hawaiian, Inc. Reports Third Quarter 2023 Financial Results and Declares Dividend

Retrieved on: 
Friday, October 27, 2023
Wallace Bishop (company), Insurance, FHB, Wildfire, ATM, Trust, First Hawaiian Bank, Webcast, Total, Hawaii–Aleutian Time Zone, Rare-earth element, Bank, Clothing, Video game

HONOLULU, Oct. 27, 2023 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended September 30, 2023.

Key Points: 
  • HONOLULU, Oct. 27, 2023 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended September 30, 2023.
  • The dividend will be payable on December 1, 2023, to stockholders of record at the close of business on November 20, 2023.
  • Net income of $58.2 million, or $0.46 per diluted share
    Total assets were $24.9 billion as of September 30, 2023, compared to $24.5 billion as of June 30, 2023.
  • The effective tax rate was 23.8% and 23.3% for the quarters ended September 30, 2023 and June 30, 2023, respectively.

Customer Adoption of Amperity for Paid Media Soars to Over 50%, Delivering Over 11 Billion Profiles to Ad Ecosystem Daily

Retrieved on: 
Wednesday, October 25, 2023
Software, Other Retail, Online Retail, Internet, Data Management, Apps, Applications, Technology, Artificial Intelligence, Other Communications, Retail, Marketing, Advertising, Communications, QSR, Seattle Sounders FC, Forrester, CPG, Wyndham Hotels & Resorts, Virgin Atlantic, ROI, CDP, Total economic value, Travel, TEI, Alaska Airlines, First Hawaiian Bank, Sales, Ampere Computing

Amperity , the leading AI-powered enterprise customer data platform (CDP) for consumer brands, today announced more than 50% of its customer base has adopted Amperity for Paid Media .

Key Points: 
  • Amperity , the leading AI-powered enterprise customer data platform (CDP) for consumer brands, today announced more than 50% of its customer base has adopted Amperity for Paid Media .
  • The rapid adoption of this new application of Amperity demonstrates the important role first-party data will play in informing paid media strategies.
  • Since its launch in May 2023, Amperity for Paid Media has used industry-leading ad connectors and first-party data to deliver more than 11 billion unified customer profiles each day.
  • These brands join longtime users of Amperity including Alaska Airlines, Brooks, DICK’s Sporting Goods, Reckitt, Seattle Sounders, SPARC Group, and Wyndham Hotels & Resorts.

First Hawaiian, Inc. Reports Second Quarter 2023 Financial Results and Declares Dividend

Retrieved on: 
Friday, July 28, 2023
Insurance, Wallace Bishop (company), FHB, First Hawaiian Bank, Trust, ATM, Hawaii–Aleutian Time Zone, Webcast, Environment, Total, Rare-earth element, Bank, Cryptocurrency, Video game, Pharmaceutical industry

HONOLULU, July 28, 2023 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended June 30, 2023.

Key Points: 
  • HONOLULU, July 28, 2023 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended June 30, 2023.
  • The dividend will be payable on September 1, 2023, to stockholders of record at the close of business on August 21, 2023.
  • Net interest income for the second quarter of 2023 was $159.9 million, a decrease of $7.3 million, or 4.4%, compared to $167.2 million for the prior quarter.
  • The net interest margin was 2.91% in the second quarter of 2023, a decrease of 20 basis points compared to 3.11% in the prior quarter.

First Hawaiian Bank Selects Q2 to Transform its Commercial Lending Business

Retrieved on: 
Thursday, July 27, 2023
Professional Services, Technology, Software, Finance, Fintech, Banking, Digital Cash Management, Digital Assets, Treasury, Customer success, Partnership, First Hawaiian Bank, FHB, Risk, League of Ireland Premier Division Manager of the Year, Growth, Island, NYSE, Char, Retail, Cryptocurrency, Bank

The bank has total assets of nearly $25 billion and serves customers spanning the Hawaiian Islands to Guam, Saipan and the West Coast.

Key Points: 
  • The bank has total assets of nearly $25 billion and serves customers spanning the Hawaiian Islands to Guam, Saipan and the West Coast.
  • Since 2015, Q2’s best-in-class digital banking platform has powered FHB’s online and mobile business banking solutions.
  • Over the years, the bank has added to its suite of Q2 solutions to remain competitive, reduce risk and drive revenue.
  • Click here to learn more about the Q2 and First Hawaiian Bank partnership.

First Hawaiian, Inc. Announces Senior Leadership Transitions

Retrieved on: 
Thursday, June 29, 2023
Risk, Culture, Risk management, FDIC, First Hawaiian Bank, Administration, Retirement, Lea, Football League First Division Manager of the Month, Bank, Treasurer, Management, Iris

Their dedication, leadership and embodiment of our culture and relationship strategy have helped guide the organization,” said Bob Harrison, Chairman, President & Chief Executive Officer of First Hawaiian.

Key Points: 
  • Their dedication, leadership and embodiment of our culture and relationship strategy have helped guide the organization,” said Bob Harrison, Chairman, President & Chief Executive Officer of First Hawaiian.
  • “In anticipation of their retirement, our succession planning process will help ensure a seamless continuity of their invaluable contributions.
  • Each will join the First Hawaiian Senior Management Committee upon her respective appointment.
  • As Chief Human Resources Officer, Gina will continue to serve as a member of the First Hawaiian Senior Management Committee.

First Hawaiian, Inc. Reports First Quarter 2023 Financial Results and Declares Dividend

Retrieved on: 
Friday, April 28, 2023
Insurance, Wallace Bishop (company), FHB, First Hawaiian Bank, Trust, ATM, Hawaii–Aleutian Time Zone, Webcast, Total, Cryptocurrency, Video game, Airline

HONOLULU, April 28, 2023 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended March 31, 2023.

Key Points: 
  • HONOLULU, April 28, 2023 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended March 31, 2023.
  • The dividend will be payable on June 2, 2023, to stockholders of record at the close of business on May 22, 2023.
  • Net interest income for the first quarter of 2023 was $167.2 million, a decrease of $4.5 million, or 2.6%, compared to $171.8 million for the prior quarter.
  • The net interest margin was 3.11% in the first quarter of 2023, a decrease of 4 basis points compared to 3.15% in the prior quarter.

First Hawaiian, Inc. Reports Fourth Quarter 2022 Financial Results and Declares Dividend

Retrieved on: 
Friday, January 27, 2023
Trust, Securities & Exchange Commission of Pakistan, First Hawaiian Bank, FHB, Insurance, Rule, Wallace Bishop (company), Hawaii–Aleutian Time Zone, Security (finance), Webcast, PIN, Total, ATM, Growth, Holding company, Airline, Video game, Car rental

“We are pleased to report that we closed 2022 with a solid fourth quarter,” said Bob Harrison, Chairman, President and CEO.

Key Points: 
  • “We are pleased to report that we closed 2022 with a solid fourth quarter,” said Bob Harrison, Chairman, President and CEO.
  • Net interest income for the fourth quarter of 2022 was $171.8 million, an increase of $9.1 million, or 5.6%, compared to $162.7 million for the prior quarter.
  • The net interest margin was 3.15% in the fourth quarter of 2022, an increase of 22 basis points compared to 2.93% in the prior quarter.
  • Noninterest income was $48.2 million in the fourth quarter of 2022, an increase of $2.3 million compared to noninterest income of $45.9 million in the prior quarter.