Dec 31, 2020

First Hawaiian Q4 2020 Earnings Report

First Hawaiian's financial performance for Q4 2020 was reported, showcasing increased net interest income and noninterest income, alongside decreased noninterest expense, and increased total deposits.

Key Takeaways

First Hawaiian, Inc. reported a strong Q4 2020, with net income at $61.7 million, or $0.47 per diluted share. The company saw increases in net interest income and noninterest income, a decrease in noninterest expense, and an increase in total deposits. However, the company recorded a $20.0 million provision for credit losses.

Net income reached $61.7 million, translating to $0.47 per diluted share.

Net interest income saw an increase of $1.2 million, a 0.9% rise compared to the previous quarter.

Noninterest income experienced a $4.7 million surge, marking a 9.6% increase from the prior quarter.

Total deposits grew by $330.0 million, reflecting a 1.7% increase compared to the previous quarter.

Total Revenue
$189M
Previous year: $186M
+1.3%
EPS
$0.5
Previous year: $0.54
-7.4%
Efficiency Ratio
46.59%
Previous year: 48.9%
-4.7%
Net Interest Margin
2.71%
Previous year: 3.15%
-14.0%
Tier 1 Leverage Ratio
8%
Previous year: 8.79%
-9.0%
Gross Profit
$184M
Previous year: $178M
+3.5%
Cash and Equivalents
$303M
Previous year: $360M
-15.8%
Total Assets
$22.7B
Previous year: $20.2B
+12.4%

First Hawaiian

First Hawaiian

First Hawaiian Revenue by Segment

Forward Guidance

The press release does not contain forward guidance.

Revenue & Expenses

Visualization of income flow from segment revenue to net income