Sep 30, 2024

First Hawaiian Q3 2024 Earnings Report

Reported financial results for the third quarter of 2024.

Key Takeaways

First Hawaiian, Inc. reported a strong third quarter with net income of $61.5 million, or $0.48 per diluted share. Net interest income and noninterest income increased, expenses were well controlled, and credit quality remained excellent.

Net income was $61.5 million, or $0.48 per diluted share.

Total loans and leases decreased $118.5 million versus the prior quarter.

Total deposits decreased $91.1 million versus the prior quarter.

Net interest margin increased 3 basis points to 2.95%.

Total Revenue
$210M
Previous year: $203M
+3.3%
EPS
$0.48
Previous year: $0.46
+4.3%
Efficiency Ratio
59.77%
Previous year: 58.31%
+2.5%
Net Interest Margin
2.95%
Previous year: 2.86%
+3.1%
Tier 1 Leverage Ratio
9.14%
Previous year: 8.45%
+8.2%
Gross Profit
$303M
Previous year: $195M
+55.6%
Cash and Equivalents
$1.07B
Previous year: $1.21B
-11.6%
Free Cash Flow
$52.3M
Total Assets
$23.8B
Previous year: $24.9B
-4.5%

First Hawaiian

First Hawaiian

Forward Guidance

No forward guidance provided in this report.