First Hawaiian Publishes Results of 2017 Dodd-Frank Act Stress Test
HONOLULU, Oct. 19, 2017 (GLOBE NEWSWIRE) -- First Hawaiian Bank, a subsidiary of First Hawaiian, Inc. (NASDAQ:FHB), today released the results of its 2017 Dodd-Frank Act Stress Test (“DFAST”) in accordance with the Dodd-Frank Wall Street Reform and Consumer Protection Act and the implementing regulations of the Federal Deposit Insurance Corporation (the “FDIC”).
DFAST is a forward-looking exercise conducted by the FDIC and by banks supervised by the FDIC. The exercise helps assess whether institutions have sufficient capital to absorb losses and support operations during adverse economic and financial market conditions over a period of nine quarters. The projections and scenarios presented in the report are hypothetical and should not be regarded as forecasts of actual financial results or conditions. First Hawaiian Bank’s DFAST results can be found on First Hawaiian’s Investor Relations website at ir.fhb.com under Financial Reports.
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 www.FHB.com
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Source: First Hawaiian, Inc.