By: Radek Strnad
First Hawaiian’s third quarter results drew a negative market response, with management attributing the quarter’s challenges to lower-than-anticipated loan growth and elevated credit costs. CEO Robert Harrison cited unexpected commercial real estate loan payoffs, particularly a large office loan in Seattle that was refinanced by an aggressive mainland lender, as a primary factor behind the weaker loan performance. In addition, a partial charge-off on this office loan and downgrades on several ot