- Economic growth in Hawaii will likely allow loan growth to return to the mid-single-digit range this year.
- A large part of the loan portfolio will reprice soon after interest rate hikes this year. Therefore, the margin will likely significantly expand in the year ahead.
- Loan additions will likely raise the provisioning for loan losses in 2022.
- The December 2022 target price suggests a small downside from the current market price. Further, FHB is offering a decent dividend yield.
For further details see:
First Hawaiian: Favorable Economic Factors To Limit The Earnings Decline