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Jun 30, 2020
First Hawaiian Q2 2020 Earnings Report
Net income decreased due to COVID-19 impact on Hawaii's economy and lower interest rates.
Key Takeaways
First Hawaiian, Inc. reported net income of $20.0 million, or $0.15 per diluted share, for the second quarter of 2020. The results were impacted by the COVID-19 pandemic and lower interest rates.
Net income of $20.0 million, or $0.15 per diluted share.
Total loans and leases increased $383.8 million, or 2.9%, versus prior quarter.
Deposits balances increased $2.3 billion, or 13.8% versus the prior quarter.
Net interest margin (NIM) was 2.58%.
Forward Guidance
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements reflect our current views with respect to, among other things, future events and our financial performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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