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First Hawaiian Inc reports Q4 net income at $69.9 mln

Overview

Hawaii bank holding company reported Q4 net income of $69.9 mln, EPS at $0.56

Company's total loans and leases increased $183.1 mln, deposits decreased $213.9 mln

Company adopted a $250 mln stock repurchase program

Outlook

Company did not provide specific guidance for future quarters or years

Result Drivers

LOAN GROWTH - Total loans and leases increased by $183.1 mln, contributing to the company's revenue growth

DEPOSIT DECLINE - Total deposits decreased by $213.9 mln, impacting the company's funding base

NET INTEREST MARGIN - Net interest margin increased by 2 basis points to 3.21%, enhancing profitability

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 EPS$0.56
Q4 Net Income$69.93 mln
Q4 Net Interest Income$170.30 mln
Q4 Credit Loss Provision$7.70 mln
Analyst Coverage The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and 5 "sell" or "strong sell" The average consensus recommendation for the banks peer group is "buy." Wall Street's median 12-month price target for First Hawaiian Inc is $28.00, about 1.6% above its January 29 closing price of $27.57 The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 12 three months ago Press Release: ID:nGNX9Vy3PH For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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