First Hawaiian Inc. expects further growth in 2018 as Hawaii's economy continues to be bolstered by an increasing number of visitors and improvement in the state's real estate market.
In its investor presentation, the Honolulu-based company expects its loans to continue growing in 2018, with high-single-digit growth in its residential, commercial real estate and construction loans; mid-single-digit growth in its consumer loans; and low-single-digit growth in its commercial and industrial loans.
The company's net interest margin is also expected to continue improving due to additional rate increases and higher long-term rates.
Its effective tax rate is estimated to be around 26%.
