First Hawaiian Inc reports results for the quarter ended in June - Earnings Summary

First Hawaiian

26/07/2024 19:48

* First Hawaiian Inc  FHB.OQ  reported quarterly adjusted
earnings
of 48 cents​​ per share for the quarter ended in June, lower
than the same quarter last year, when the company reported EPS
of 49 cents.  The mean expectation of eight analysts for the
quarter was for earnings of 43 cents per share. Wall Street
expected results to range from 41 cents to 45 cents per share.
    * Revenue rose 11.7% to $204.62 million from a year ago;
analysts
expected $203.33 million. 
    * First Hawaiian Inc's reported EPS for the quarter was 48
cents​.
    * The company reported quarterly net income of $61.92
million.
    * First Hawaiian Inc shares had risen by 21.0% this
quarter and
gained 9.9% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.4%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "hold"
and
the breakdown of recommendations is no "strong buy" or "buy," 5
"hold" and 3 "sell" or "strong sell." 
    * The average consensus recommendation for the banks peer
group is
also "hold"

Wall Street's median 12-month price target for First Hawaiian
Inc is $21.50 
This summary was machine generated from LSEG data July 26 at
06:48 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2024      0.43           0.48           Beat
 Mar. 31 2024      0.42           0.42           Met
 Dec. 31 2023      0.44           0.37           Missed
 Sep. 30 2023      0.43           0.46           Beat