First Hawaiian, Inc. (NASDAQ:FHB) Q1 2022 Earnings Conference Call April 22, 2022 1:00 PM ET
Company Participants
Kevin Haseyama - Investor Relations Manager
Robert Harrison - Chairman, President and Chief Executive Officer
Ralph Mesick - Vice Chairman, Chief Risk Officer and Interim Chief Financial Officer
Conference Call Participants
Ebrahim Poonawala - Bank of America Merrill Lynch
Steven Alexopoulos - JPMorgan Chase & Co.
David Feaster - Raymond James & Associates, Inc.
Andrew Liesch - Piper Sandler & Co.
Kelly Motta - Keefe, Bruyette & Woods Inc.
Jared Shaw - Wells Fargo Securities, LLC
Laurie Hunsicker - Compass Point Research & Trading, LLC
Operator
Good day, and thank you for standing by. Welcome to the First Hawaiian, Inc. Q1 2022 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] Please be advised that today's call is being recorded. [Operator instructions]
I would now like to hand the conference over to your host today, Kevin Haseyama, Investor Relations Manager.
Kevin Haseyama
Thank you, Justin, and thank you, everyone, for joining us, as we review our financial results for the first quarter of 2022. With me today, are Bob Harrison, Chairman, President and CEO; and Ralph Mesick, Chief Risk Officer and Interim CFO. 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.
During today's call, we will be making forward-looking statements, so please refer to Slide 1 for our safe harbor statement. We may also discuss certain non-GAAP financial measures. The appendix to this presentation contains reconciliations of these non-GAAP financial measurements to the most directly comparable GAAP measurements.
And now I'll turn the call over to Bob.
Robert Harrison
Thank you, Kevin. Happy Earth Day, everyone. I’ll start off by saying that the outlook for the Hawaii economy is improving as COVID becomes less disruptive. COVID-related restrictions for domestic travelers have ended and the state's indoor mask mandates has been lifted. So our local economists and travel industry leaders are predicting very strong visitor arrivals this summer and as well as a return of Japanese visitors with the recent easing of travel restrictions.
Turning to the first quarter. Our results benefited from our asset sensitive balance sheet and the balance sheet actions we took in the fourth quarter. Net interest margin expanded. Our liquidity position and capital levels remain strong, and our credit quality is excellent.