First Hawaiian, Inc. (NASDAQ:FHB) Q4 2022 Earnings Call Transcript

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Jamie Moses: So, for December, it was €“ December it was .

Laurie Hunsicker: m okay, perfect. And then just two last questions on the income statement. How should we think about forward looking tax rate, and then secondly, can you comment a little bit , you had an upsized BOLI in the quarter and I know that line item is lumpy, but was there any there or was that, sort of the market moving? Can you help us think about that 2.9 million in the BOLI line?

Jamie Moses: Yes, sure. So, in the BOLI line, we see that as, kind of normalized back to where we think it will run on a go forward and that was no in there, that was market driven. And then your other question, Laurie was tax rate, yes, sorry. So, we think a good guidance is 25%. We had some tax credits come through in the fourth quarter that sort of reduced our tax rate here to that lower level, but we’re expecting 25% for 2023.

Laurie Hunsicker: Great. Perfect. Thanks for taking my question.

Jamie Moses: Thanks, Laurie.

Operator: Thank you. Our next question is a follow-up from Kelly Motta with KBW. Your line is now open.

Kelly Motta: Hi. Thanks for letting me jump back in. Just a real quick one. Can you just €“ was the expense guide 4% to 4.5% or 4% to 5%. We have different things and I don’t trust a live transcript, so I just want to make sure I have the number correctly.

Jamie Moses: Well, we definitely appreciate you following up here versus trusting a transcript. So, about 4% to 4.5%.

Kelly Motta: Perfect. Thanks so much. Appreciate it.

Jamie Moses: All right, Kelly.

Operator: Thank you. And I’m currently showing no further questions at this time. I’d like to hand the call back over to Kevin Haseyama for closing remarks.

Kevin Haseyama: Thank you, Shannon. We appreciate your interest in First Hawaiian. Please feel free to contact me if you have any additional questions. Thanks again for joining us and enjoy the rest of your day.

Operator: This concludes today’s conference call. Thank you for participating. You may now disconnect.

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