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First Hawaiian, Inc Reports First Quarter 2021 Financial Results and Declares Dividend
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Christopher Dods Named Vice Chairman and Chief Operating Officer at First Hawaiian, Inc and First Hawaiian Bank
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Press release content from Globe Newswire. The AP news staff was not involved in its creation.
First Hawaiian, Inc. Announces Stock Repurchase Program
First Hawaiian, Inc.February 8, 2021 GMT
HONOLULU, Feb. 08, 2021 (GLOBE NEWSWIRE) First Hawaiian, Inc. (NASDAQ:FHB) (“First Hawaiian” or the “Company”) announced today that the Company’s Board of Directors has adopted a stock repurchase program for up to $75 million of its outstanding common stock during 2021.
Repurchases of shares of the Company’s common stock may be conducted through open-market purchases, which may include purchases under a trading plan adopted pursuant to Securities and Exchange Commission Rule 10b5-1, or through privately negotiated transactions. The timing and exact amount of share repurchases, if any, will be subject to management’s discretion and various factors, including the Company’s capital position and financial performance, as well as market conditions. The repurchase program may b
Operator
Ladies and gentlemen, thank you for standing by and welcome to the First Hawaiian Inc. Q4 2020 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speakers presentation, there will be a question-and-answer session. [Operator Instructions]
I would now turn the call over to Kevin Haseyama. Please go ahead.
Kevin Haseyama
Senior Vice President, Strategic Planning and Investor Relations Manager
Thank you, Michelle and thank you everyone for joining us as we review our financial results for the fourth quarter of 2020. With me today are Bob Harrison, Chairman, President, and CEO; Ravi Mallela, CFO; and Ralph Mesick, Chief Risk Officer. We have prepared a slide presentation that we will refer to in our remarks today. The presentation is available for downloading and viewing on our website at fhb.com in the Investor Relations section.