FIRST HAWAIIAN Business Summary

First Hawaiian, Inc. (NASDAQ: FHB) is the bank holding company for First Hawaiian Bank, the oldest and largest financial institution in Hawaii by assets, deposits, and loans. The company generates revenue primarily through net interest income—the spread between interest earned on its diversified loan portfolio, including commercial real estate, C&I, and residential mortgages, and interest paid on deposits—supplemented by non-interest income from wealth management, trust services, and merchant processing. Its business is structured into three primary segments: Retail Banking, which provides consumer lending and deposit services; Commercial Banking, focusing on corporate credit and large-scale real estate financing; and Treasury and Other, which manages the bank’s investment securities and liquidity. FHB maintains a dominant market share in Hawaii and a significant presence in Guam and Saipan, competing directly with Bank of Hawaii Corporation, Central Pacific Financial Corp., and American Savings Bank. It distinguishes itself through its superior scale, a high-liquidity balance sheet, and a long-standing reputation for conservative credit underwriting. Founded in 1858 by Charles Reed Bishop as Bishop & Co., the institution is currently led by Chairman, President, and CEO Robert S. Harrison, who has served as CEO since 2012 and provides deep institutional stability. The executive leadership team includes Vice Chairman and CFO James M. Moses, who oversees financial strategy and capital allocation, and Vice Chairmen Alan Arizumi and Neill Char, who lead the Wealth Management and Retail/Commercial Banking groups, respectively. Operational and risk oversight is managed by a senior committee including Chief Risk Officer Lea Nakamura and Chief Lending Officer Darlene Blakeney. The company is primarily owned by institutional investors, including The Vanguard Group and BlackRock, Inc., and its Board of Directors features prominent local leaders such as C. Scott Wo and Mark Mugiishi. This leadership structure combines century-old local market expertise with modern financial management, sustaining First Hawaiian’s status as the primary financial anchor of the Pacific region.