News Release
First Hawaiian Bank Recognized as Hawaii’s Top Bank by Forbes Magazine for Second Year in a Row
Honolulu, March 14, 2023 - First Hawaiian Bank (FHB) announced that it was recognized by Forbes magazine as the top-ranked Hawaii bank on its 2023 Best Banks in America list, furthering FHB’s legacy as Hawaii’s leading financial institution. Last year, FHB was also recognized by Forbes as the top-rated Hawaii bank in 2022. The ranking evaluates the nation’s publicly traded banks and thrifts based on profitability, growth and credit quality. The criteria for the ranking includes total assets, return on tangible common equity, non-performing assets/total assets, common equity tier 1 ratio, efficiency ratio and operating revenue growth. View the list here: https://www.forbes.com/lists/americas-best-banks/?sh=54dff7fc0de0.
Despite volatile forces such as inflation, rising interest rates and supply-chain issues affecting our globe in 2022, FHB continued its market leading performance, driven by strong loan growth and excellent credit quality. On Jan. 27, 2023, the bank reported its fourth quarter 2022 financial results with total assets of $24.6 billion at quarter-end. Total deposits closed at $21.7 billion and First Hawaiian, Inc. saw a fourth quarter net income of $171.8 million.
“To once again be Hawaii’s top ranked bank in the Forbes’ Best Banks in America list is a great way to celebrate our 165 years of service to Hawaii,” said Bob Harrison, Chairman, President and Chief Executive Officer, “This back-to-back recognition is because of our people. I would like to thank our dedicated employees for all their hard work as well as our loyal customers for placing their trust in us.”
For more information and highlights regarding the bank’s fourth quarter financial results, visit https://ir.fhb.com/news-releases/news-release-details/first-hawaiian-inc-reports-fourth-quarter-2022-financial-results.