Parent Company (Tables) - First Hawaiian, Inc.

12 Months Ended

Dec. 31, 2021

Condensed Statements of Comprehensive Income

Condensed Statements of Comprehensive Income
	Year Ended December 31,
(dollars in thousands)	2021		2020		2019
Income
Dividends from FHB	$	213,500	$	142,000	$	300,300
Other income		—		1,169		1,691
Total income		213,500		143,169		301,991
Noninterest expense
Salaries and employee benefits		3,732		3,660		5,241
Contracted services and professional fees		2,731		2,544		2,689
Equipment		—		31		—
Other		1,314		1,439		721
Total noninterest expense		7,777		7,674		8,651
Income before benefit for income taxes and equity in undistributed income (excess distributions) of FHB		205,723		135,495		293,340
Benefit for income taxes		1,877		679		1,672
Equity in undistributed income (excess distributions) of FHB		58,135		49,580		(10,620)
Net income	$	265,735	$	185,754	$	284,392
Comprehensive income	$	112,438	$	249,107	$	384,838

Condensed Statements of Condition

Condensed Statements of Condition
	December 31,
(dollars in thousands)	2021		2020
Assets
Cash and cash equivalents	$	14,792	$	18,066
Investment in FHB		2,642,929		2,726,497
Other assets		26,869		26,138
Total assets	$	2,684,590	$	2,770,701
Liabilities and Stockholders' Equity
Retirement benefits payable	$	582	$	580
Other liabilities		27,096		26,017
Total liabilities		27,678		26,597
Total stockholders' equity		2,656,912		2,744,104
Total liabilities and stockholders' equity	$	2,684,590	$	2,770,701

Condensed Statement of Cash Flows

Condensed Statements of Cash Flows
	Year Ended December 31,
(dollars in thousands)	2021		2020		2019
Cash flows from operating activities
Net income	$	265,735	$	185,754	$	284,392
Adjustments to reconcile net income to net cash provided by operating activities:
(Equity in undistributed income) excess distributions of FHB		(58,135)		(49,580)		10,620
Deferred income taxes		36		5		85
Stock-based compensation		492		713		84
Change in assets and liabilities:
Net decrease (increase) in other assets		242		(1,451)		5,318
Net increase (decrease) in other liabilities		50		(294)		(5,439)
Net cash provided by operating activities		208,420		135,147		295,060
Cash flows from financing activities
Dividends paid		(134,133)		(135,099)		(138,246)
Stock tendered for payment of withholding taxes		(3,108)		(1,749)		(1,764)
Proceeds from employee stock purchase plan		547		312		—
Common stock repurchased		(75,000)		(5,000)		(136,242)
Net cash used in financing activities		(211,694)		(141,536)		(276,252)
Net (decrease) increase in cash and cash equivalents		(3,274)		(6,389)		18,808
Cash and cash equivalents at beginning of year		18,066		24,455		5,647
Cash and cash equivalents at end of year	$	14,792	$	18,066	$	24,455