- A high level of loan loss reserves and a subsiding of risks related to Hawaii’s economy will likely allow a reversal of provisioning towards the end of this year.
- The loan portfolio will likely decline due to the upcoming forgiveness of Paycheck Protection Program loans, which will shift the asset mix towards lower-yielding assets.
- The year-end target price suggests a modest upside from the current market price. Further, FHB is offering a decent dividend yield for a bank holding company.
For further details see:
First Hawaiian: Anticipated Reserve Release To Drive Earnings