First Hawaiian, Inc.

Good day and thank you for standing by. Welcome to the first Hawaiian Inc. Quarter 2 2021 Earnings Conference Call. At this time, all participants are in a listen-only mode. Please be advised that today's conference is being recorded. After the speaker's presentation, there will be a question and answer session. To ask a question during that time, you will need to press star 1 on your telephone. If you require any further assistance, please press star 0. I would now like to hand the conference over to your first speaker for today, Investor Relations Manager, Kevin Haseyama. Thank you. Please go ahead.

Thank you, Anne. And thank you, everyone, for joining us as we review our financial results for the second quarter of 2021. With me today are Bob Harrison, Chairman, President, and CEO, Ravi Malela, CFO, and Ralph Misik, Chief Risk Officer. 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'll be making forward-looking statements, so please refer to slide one 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.

Thank you, Kevin. Good morning and thanks for joining us today. I'd like to start with a quick update on the state of Hawaii. This is slide two in the deck. We continue to see a steady increase in visitor arrivals and are approaching pre-pandemic levels with almost 100% being from the mainland U.S. Restrictions on Trans-Pacific travel were further eased starting on July 8, when individuals vaccinated in the mainland US were also allowed to enter Hawaii without a pre-travel COVID test. The economy continues to recover as the unemployment rate fell to 7.7% in June, a 15-month low, and the housing market remains strong. We are continuing to make progress towards a goal of having 70% of the population vaccinated, at which point all COVID restrictions are expected to be removed according to statements by the governor. Similar to the rest of the country, we have seen increases in new cases recently, and the test positivity rate, which authorities are closely monitoring. Turning to slide three, I'll briefly go over our second quarter results. We have a very good quarter. We saw a broad base pickup in loan activity, strong deposit growth, a rebound in non-interest income, while credit quality remained excellent. Total loans grew by $151 million, excluding the impact of PPP loan paydowns, with growth coming in multiple categories. Deposit growth continued to be driven by commercial and consumer deposits. Diluted EPS was 67 cents, and the Board maintained the dividend at 26 cents per share. We also repurchased $22.4 million of common stock under the current share repurchase program. Now I'll turn it over to Robbie to go over the financials.