First Hawaiian, Inc. Announces Stock Repurchase Program
2021年2月8日 - 10:00PM
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 be suspended, terminated or modified at any time for any
reason.
About First Hawaiian
First Hawaiian, Inc. (NASDAQ:FHB) 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 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 not historical facts, and 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. Further, statements
about the potential effects of the COVID-19 pandemic on our
businesses and financial results and conditions may constitute
forward-looking statements and are subject to the risk that the
actual effects may differ, possibly materially, from what is
reflected in those forward-looking statements due to factors and
future developments that are uncertain, unpredictable and in many
cases beyond our control, including the scope and duration of the
pandemic, actions taken by governmental authorities in response to
the pandemic, and the direct and indirect impact of the pandemic on
our customers, third parties and us. Although we believe that the
expectations reflected in these forward-looking statements are
reasonable as of the date made, there can be no assurance that
actual results will not prove to be materially different from the
results expressed or implied by the forward-looking statements. A
number of important factors could cause actual results or
performance to differ materially from the forward-looking
statements, including (without limitation) the risks and
uncertainties associated with the ongoing impacts of COVID-19, the
domestic and global economic environment and capital market
conditions and other risk factors. For a discussion of some of
these risks and important factors that could affect our future
results and financial condition, see our U.S. Securities and
Exchange Commission (“SEC”) filings, including, but not limited to,
our Annual Report on Form 10-K for the year ended December 31, 2019
and our Quarterly Reports on Form 10-Q for the quarters ended March
31, 2020, June 30, 2020, and September 30, 2020.
Investor Relations Contact: Kevin Haseyama,
CFA(808) 525-6268khaseyama@fhb.com |
Media Contact:Susan Kam(808)
525-6254skam@fhb.com |
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