First Hawaiian Restructures Portfolio to Boost Income
In This Article:
First Hawaiian ( (FHB) ) has provided an announcement.
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First Hawaiian, Inc. has restructured its investment portfolio by selling $293 million of lower-yielding securities, resulting in a $19.7 million after-tax loss. The proceeds were reinvested into higher-yielding securities, expected to boost net interest income by $8.6 million in 2025 and improve margins. Despite the one-time pre-tax loss of $26.2 million, the company remains well-capitalized, with no impact on tangible equity.
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