Parent Company (Tables) - First Hawaiian, Inc.

12 Months Ended

Dec. 31, 2023

Condensed Statements of Comprehensive Income

Condensed Statements of Comprehensive Income
	Year Ended December 31,
(dollars in thousands)	2023		2022		2021
Income
Dividends from FHB	$	139,500	$	157,000	$	213,500
Other income		2,492		—		—
Total income		141,992		157,000		213,500
Noninterest expense
Salaries and employee benefits		4,404		4,098		3,732
Contracted services and professional fees		3,554		6,200		2,731
Equipment		102		78		—
Other		1,474		1,447		1,314
Total noninterest expense		9,534		11,823		7,777
Income before benefit for income taxes and equity in undistributed income of FHB		132,458		145,177		205,723
Provision (Benefit) for income taxes		145		(2,707)		(1,877)
Equity in undistributed income of FHB		102,670		117,801		58,135
Net income	$	234,983	$	265,685	$	265,735
Comprehensive income (loss)	$	344,027	$	(251,876)	$	112,438

Condensed Statements of Condition

Condensed Statements of Condition
	December 31,
(dollars in thousands)	2023		2022
Assets
Cash and cash equivalents	$	15,475	$	18,024
Investment in FHB		2,471,679		2,251,841
Other assets		30,131		27,638
Total assets	$	2,517,285	$	2,297,503
Liabilities and Stockholders' Equity
Retirement benefits payable	$	688	$	560
Other liabilities		30,531		27,938
Total liabilities		31,219		28,498
Total stockholders' equity		2,486,066		2,269,005
Total liabilities and stockholders' equity	$	2,517,285	$	2,297,503

Condensed Statement of Cash Flows

Condensed Statements of Cash Flows
	Year Ended December 31,
(dollars in thousands)	2023		2022		2021
Cash flows from operating activities
Net income	$	234,983	$	265,685	$	265,735
Adjustments to reconcile net income to net cash provided by operating activities:
Equity in undistributed income of FHB		(102,670)		(117,801)		(58,135)
Deferred income taxes		(96)		22		36
Stock-based compensation		584		554		492
Change in assets and liabilities:
Net decrease (increase) in other assets		164		(4)		242
Net increase in other liabilities		39		18		50
Net cash provided by operating activities		133,004		148,474		208,420
Cash flows from financing activities
Dividends paid		(132,646)		(132,588)		(134,133)
Stock tendered for payment of withholding taxes		(3,215)		(3,555)		(3,108)
Proceeds from employee stock purchase plan		308		379		547
Common stock repurchased		—		(9,478)		(75,000)
Net cash used in financing activities		(135,553)		(145,242)		(211,694)
Net (decrease) increase in cash and cash equivalents		(2,549)		3,232		(3,274)
Cash and cash equivalents at beginning of year		18,024		14,792		18,066
Cash and cash equivalents at end of year	$	15,475	$	18,024	$	14,792