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Sep 30, 2020
First Hawaiian Q3 2020 Earnings Report
First Hawaiian reported solid financial results despite the current economic environment.
Key Takeaways
First Hawaiian, Inc. reported a net income of $65.1 million for the third quarter of 2020, with an increase in net interest income and noninterest income compared to the prior quarter. The company's net interest margin also increased, reflecting improved financial performance.
Net income was $65.1 million, or $0.50 per diluted share.
Net interest income increased by $6.2 million, or 4.8%, compared to the prior quarter.
Noninterest income increased by $3.2 million, or 7.1%, versus the prior quarter.
Net interest margin (NIM) was 2.70%, a 12 basis point increase compared to the prior quarter.