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First Hawaiian Inc (FHB)
:FHB
Earnings Data
Report Date
Apr 25, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.46Last Year’s EPS
0.42Same Quarter Last Year
Moderate Sell
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Jan 31, 2025
|% Change Since: -0.23%
|Next Earnings Date:Apr 25, 2025
Earnings Call Sentiment|Positive
The earnings call presented a generally positive outlook, characterized by strong loan and deposit growth, improved net interest income, and robust credit quality. However, challenges such as a decline in visitor arrivals and spending, a pre-tax loss from securities sales, and potential loan payoffs were noted.Company Guidance
During First Hawaiian Bank's Fourth Quarter 2024 Earnings Conference Call, several key metrics were discussed in relation to the bank's performance and future guidance. The bank reported a strong quarter with growth in loans and deposits, a net interest margin (NIM) expansion of 8 basis points, and a net interest income increase of $2.1 million to $158.8 million. The investment portfolio restructuring led to a 309 basis point increase in yield, expected to boost net interest income by $8.6 million and NIM by 4 basis points in 2025. The bank's balance sheet remained well-capitalized, with approximately 1.5 million shares repurchased in the quarter using the $40 million stock authorization for 2024, and a new $100 million authorization for 2025. Loan growth was driven by a $167 million increase, with expectations for full-year loan growth in the low- to mid-single digits. Deposit performance was strong, with total retail and commercial deposits increasing by $324 million and a 17 basis point decrease in the total cost of deposits. The guidance for 2025 includes an expected net interest margin expansion to 3.06% in the first quarter and a steady increase throughout the year, along with non-interest income expected to average around $51 million per quarter. Non-interest expenses are projected to rise by about 2% to $510 million. The bank maintained excellent credit quality, with nonperforming assets and 90-day past due loans at 19 basis points of total loans and leases, and a loan loss coverage level of 111 basis points.Net Interest Income Growth
Net interest income increased by $2.1 million to $158.8 million, with an eight basis point increase in margin to 3.03% driven by strategic pricing actions and strong deposit gathering, particularly in demand deposits.
Strong Loan and Deposit Growth
Loans grew by $167 million or 1.2% from the prior quarter, driven by increases in CRE and C&I. Total retail and commercial deposits increased by $324 million, showcasing robust deposit performance.
Investment Portfolio Restructuring
The company executed a restructuring by selling $290 million of securities, resulting in a 309 basis point increase in yield and an expected $8.6 million boost to net interest income in 2025.
Credit Quality Remains Strong
The bank maintained strong credit performance with classified assets decreasing by $7.5 million and a low net charge-off rate of 10 basis points. Nonperforming assets were only 19 basis points of total loans and leases.
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FHB Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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FHB Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Jan 31, 2025 | $26.54 | $27.36 | +3.09% |
| Oct 25, 2024 | $23.54 | $23.50 | -0.17% |
| Jul 26, 2024 | $24.37 | $25.32 | +3.90% |
| Apr 26, 2024 | $21.16 | $20.99 | -0.80% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does First Hawaiian Inc (FHB) report earnings?
First Hawaiian Inc (FHB) is schdueled to report earning on Apr 25, 2025, TBA Not Confirmed.
What is First Hawaiian Inc (FHB) earnings time?
First Hawaiian Inc (FHB) earnings time is at Apr 25, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is FHB EPS forecast?
FHB EPS forecast for the fiscal quarter 2025 (Q1) is 0.46.
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