NEWS RELEASE

HONOLULU, February 22, 2022 - First Hawaiian Bank (FHB) today announced that the bank was recognized by Forbes magazine as the top-ranked Hawaii bank on its 2022 Best Banks in America list, furthering FHB’s legacy as Hawaii’s leading financial institution. The ranking evaluates the nation’s publicly-traded banks and thrifts based on profitability, growth and credit quality. The criteria for the ranking includes total assets, return on tangible common equity, non-performing assets/total assets, common equity tier 1 ratio, efficiency ratio and operating revenue growth. View the list here: https://www.forbes.com/lists/americas-best-banks/?sh=5dd35a21c0de.

Despite the many challenges associated with the pandemic, FHB continued to hit milestones and emerged as Hawaii’s leading bank in total deposits and assets. On Jan. 21, 2022, the bank reported its fourth quarter 2021 financial results, it was the first time in the bank’s history that total assets exceeded $25 billion at quarter-end. Deposits grew 13.5%, compared to the same time last year, closing at $21.8 billion. First Hawaiian, Inc. saw an increase in net income from $185.8 million ($1.43 a share) in 2020 to $265.7 million in 2021 ($2.05 a share).

“This recognition would not be possible without the commitment of our employees,” said Bob Harrison, Chairman, President and Chief Executive Officer. “I would like to also thank our customers. An accolade like this is especially meaningful because it reflects the trust they put in us. It is a responsibility we value and take very seriously.”

For more information and highlights regarding the bank’s fourth quarter financial results, visit https://ir.fhb.com/news-releases/news-release-details/first-hawaiian-inc-reports-fourth-quarter-2021-financial-results.