Jun 30, 2022

First Hawaiian Q2 2022 Earnings Report

First Hawaiian had a strong second quarter, with good loan and deposit growth and excellent credit quality. The company successfully converted to its new core operating system.

Key Takeaways

First Hawaiian, Inc. reported a strong second quarter with net income of $59.4 million, or $0.46 per diluted share. Total loans and leases increased by $371.0 million, and total deposits increased by $331.0 million. The net interest margin increased to 2.60%.

Net income of $59.4 million, or $0.46 per diluted share

Total loans and leases increased $371.0 million versus prior quarter.

Total deposits increased $331.0 million versus prior quarter

Net interest margin increased 18 basis points to 2.60%

Total Revenue
$189M
Previous year: $181M
+4.7%
EPS
$0.46
Previous year: $0.68
-32.4%
Efficiency Ratio
57.33%
Previous year: 54.7%
+4.8%
Net Interest Margin
2.6%
Tier 1 Leverage Ratio
7.54%
Previous year: 7.68%
-1.8%
Gross Profit
$182M
Previous year: $175M
+4.2%
Cash and Equivalents
$1.53B
Previous year: $1.91B
-19.5%
Total Assets
$25.4B
Previous year: $24.2B
+4.7%

First Hawaiian

First Hawaiian

Forward Guidance

No forward guidance was provided in the earnings report.