First Hawaiian, Inc. Announces Stock Repurchase Program
2019年3月2日 - 6:15AM
First Hawaiian, Inc. (NASDAQ: FHB) (the “Company”), the
parent company of First Hawaiian Bank, announced today that the
Company’s Board of Directors has adopted a stock repurchase program
for up to $100 million of its outstanding common stock during 2019.
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 any share
repurchases will be subject to various factors, including the
Company’s capital position and financial performance, as well as
market conditions.
The adoption of the Company’s share repurchase program follows
the approval from the Board of Governors of the Federal Reserve
System.
About First Hawaiian, Inc.
First Hawaiian, Inc. is a bank holding company headquartered in
Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank,
founded in 1858 under the name Bishop & Company, is Hawaii’s
oldest and largest financial institution with branch locations
throughout Hawaii, Guam and Saipan. The company offers a
comprehensive suite of banking services to consumer and commercial
customers including deposit products, loans, wealth management,
insurance, trust, retirement planning, credit card and merchant
processing services. Customers may also access their accounts
through ATMs, online and mobile banking channels. For more
information about First Hawaiian, Inc., visit the Company’s
website, www.fhb.com.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of the Private Securities Litigation Reform Act of
1995. These forward-looking statements reflect our current
views with respect to, among other things, future events, including
those relating to share repurchases by the Company, and our
financial performance. These statements are often, but not always,
made through the use of words or phrases such as “may”, “might”,
“should”, “could”, “predict”, “potential”, “believe”, “expect”,
“continue”, “will”, “anticipate”, “seek”, “estimate”, “intend”,
“plan”, “projection”, “would”, “annualized” and “outlook”, or the
negative version of those words or other comparable words or
phrases of a future or forward-looking nature. These
forward-looking statements are based on current expectations,
estimates and projections about our industry, management's beliefs
and certain assumptions made by management, many of which, by their
nature, are inherently uncertain and beyond our control.
Accordingly, we caution you that any such forward-looking
statements are not guarantees of future performance and are subject
to risks, assumptions, estimates and uncertainties that are
difficult to predict. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable as of the date made, actual results may prove to be
materially different from the results expressed or implied by the
forward-looking statements. For a discussion of some of the risks
and important factors that could affect our future results and
financial condition, see our U.S. Securities and Exchange
Commission filings, including, but not limited to, our Annual
Report on Form 10-K for the year ended December 31, 2018.
Investor Relations Contact: Kevin Haseyama,
CFA(808) 525-6268khaseyama@fhb.com |
Media Contact:Susan Kam(808)
525-6254skam@fhb.com |
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