First Hawaiian Q2 net income rises, net interest margin improves

First Hawaiian

24/07/2026 13:09

    

    Overview
  
Hawaii bank holding company reported Q2 net income and EPS rose year-over-year
Net interest income and noninterest income increased from prior quarter
Company announced acquisition of Tri Counties Bank and kept quarterly dividend unchanged

    

    Outlook
  
Company did not provide specific guidance for the current quarter or full year in the press release

    

    Result Drivers
  
LOAN GROWTH - Total loans and leases increased $136.5 mln versus prior quarter
HIGHER NET INTEREST MARGIN - Net interest margin rose 6 basis points to 3.25% from prior quarter

    
Company press release: ID:nGNX22pcwH

    

    Key Details
  

            Metric
          

            Beat/Miss
          

            Actual
          

            Consensus Estimate
          
Q2 EPS
 
$0.60
 
Q2 Net Income
 
$73.38 mln
 
Q2 Net Interest Income
 
$170.99 mln
 
Q2 Credit Loss Provision
 
$5.60 mln
 

    

    Analyst Coverage
  
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 7 "hold" and 4 "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 $30.00, about 4.7% above its July 23 closing price of $28.65
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

    

    Reuters Recommended Reads
  
July 24 - Central Pacific Financial Q2 net interest income rises on higher loan yield
July 23 - Trico Bancshares Q2 net income rises on loan growth
July 23 - Manhattan Bridge Capital Q2 revenue falls on lower rates, fees

    
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(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.)