First Hawaiian, Inc. (NASDAQ:FHB) filed its quarterly report for the period ended September 30, 2026, with the SEC on November 2, 2026, disclosing third-quarter net income of $63,730 thousand and the first appearance of merger-related costs on its income statement.

Key Highlights

  • Net income: $63,730 thousand for the three months ended September 30, 2026, down from $73,840 thousand in the same period of 2025, according to the filing.
  • Diluted earnings per share: $0.52 for Q3 2026, compared with $0.59 in Q3 2025, as reported in the consolidated statements of income.
  • Merger-related costs: $6,672 thousand recorded in Q3 2026 and $10,854 thousand for the nine months ended September 30, 2026, with no comparable expense in 2025.
  • Provision for credit losses: $20,308 thousand in Q3 2026, up from $4,500 thousand in Q3 2025.
  • Net interest income: $174,104 thousand for Q3 2026, compared with $169,331 thousand in Q3 2025.
  • Total assets: $23,764,015 thousand as of September 30, 2026, versus $23,955,252 thousand as of December 31, 2025.
  • Shares outstanding: 121,681,352 shares of common stock as of October 23, 2026.

First Hawaiian's Q3 2026 Results: Credit Loss Provision and Merger Costs Weigh on Earnings

According to the filing, First Hawaiian reported total interest income of $234,543 thousand for the three months ended September 30, 2026, a decline from $242,575 thousand in the prior-year quarter. Interest expense fell to $60,439 thousand from $73,244 thousand over the same period, resulting in net interest income of $174,104 thousand, up from $169,331 thousand year-over-year. The company's nine-month net interest income also improved, reaching $512,627 thousand compared with $493,440 thousand for the nine months ended September 30, 2025.

The filing shows that noninterest expense rose to $160,047 thousand in Q3 2026 from $125,744 thousand in Q3 2025. The company disclosed merger-related costs of $6,672 thousand in the third quarter and $10,854 thousand for the nine-month period, categories that carried no balance in the comparable 2025 periods. The "Other" noninterest expense line also increased substantially, to $39,378 thousand in Q3 2026 from $13,473 thousand in Q3 2025. The provision for credit losses rose to $20,308 thousand in Q3 2026 from $4,500 thousand a year earlier.

On the balance sheet, the filing reported total deposits of $20,204,570 thousand as of September 30, 2026, down from $20,515,668 thousand at December 31, 2025. Net loans and leases stood at $14,297,791 thousand, with an allowance for credit losses of $164,437 thousand, compared with $168,468 thousand at year-end 2025. The company also recorded an income tax benefit of $13,858 thousand in Q3 2026, contrasting with a provision of $22,307 thousand in Q3 2025, which contributed to net income coming in at $63,730 thousand despite lower pre-tax income of $49,872 thousand.

What Was Disclosed

First Hawaiian filed its unaudited quarterly report for the period ended September 30, 2026, reporting Q3 net income of $63,730 thousand, diluted EPS of $0.52, a significantly higher provision for credit losses, and the emergence of merger-related costs totaling $10,854 thousand for the nine-month period.