- First Hawaiian is one of the higher quality regional banks thanks to a leading position in the oligopolistic Hawaiian banking market.
- Second quarter financial results were helped by lower provision expenses on the back of an improved economic landscape, while underlying loan growth was also positive.
- The lower interest rate environment is putting pressure on net interest income, though the bank should be a big beneficiary when rates do move higher.
- While the shares are not standout cheap at 2.1x tangible book value, a circa 3.65% dividend yield is just about attractive enough for income investors.
For further details see:
First Hawaiian Benefiting From An Improved Economy, Still Offering A Reasonable Dividend