Core Insights - First Hawaiian (FHB) reported a revenue of $161.96 million for the quarter ended December 2024, which is a decrease of 22.9% compared to the same period last year [1] - The earnings per share (EPS) for the quarter was $0.41, an increase from $0.37 in the year-ago quarter, indicating a positive EPS surprise of +2.50% against the consensus estimate of $0.40 [1] - The reported revenue fell short of the Zacks Consensus Estimate of $186.28 million, resulting in a revenue surprise of -13.06% [1] Financial Metrics - Net charge-offs were reported at 0.1%, aligning with the average estimate based on three analysts [4] - Total Non-Accrual Loans and Leases amounted to $20.68 million, exceeding the three-analyst average estimate of $18.82 million [4] - The net interest margin was recorded at 3%, slightly above the average estimate of 2.9% from three analysts [4] - The efficiency ratio stood at 65.5%, higher than the average estimate of 63.4% from three analysts [4] - Average balance of total earning assets was $21.08 billion, marginally above the estimated $21.02 billion [4] - Total Non-Performing Assets were reported at $20.68 million, slightly above the average estimate of $20.49 million [4] - Total Noninterest Income was $29.38 million, below the average estimate of $33.03 million from three analysts [4] - Net Interest Income reached $158.75 million, surpassing the average estimate of $151.38 million from three analysts [4] - Bank-owned life insurance income was $5.71 million, significantly higher than the average estimate of $2.96 million based on two analysts [4] - Net Interest Income (FTE) was reported at $160.10 million, exceeding the average estimate of $154.11 million from two analysts [4] - Other service charges and fees totaled $13.13 million, above the average estimate of $10.81 million from two analysts [4] - Noninterest income from other sources was $4.45 million, compared to the average estimate of $2.55 million based on two analysts [4] Stock Performance - Shares of First Hawaiian have returned +4.8% over the past month, outperforming the Zacks S&P 500 composite's +2.9% change [3] - The stock currently holds a Zacks Rank 1 (Strong Buy), suggesting potential for outperformance in the near term [3]

Core Viewpoint - First Hawaiian (FHB) reported quarterly earnings of $0.41 per share, exceeding the Zacks Consensus Estimate of $0.40 per share, and showing an increase from $0.37 per share a year ago, indicating a positive earnings surprise of 2.50% [1] Financial Performance - The company posted revenues of $161.96 million for the quarter ended December 2024, which fell short of the Zacks Consensus Estimate by 13.06% and decreased from $210.14 million year-over-year [2] - Over the last four quarters, First Hawaiian has surpassed consensus EPS estimates three times and topped consensus revenue estimates three times as well [2] Stock Performance and Outlook - First Hawaiian shares have gained approximately 3.2% since the beginning of the year, matching the S&P 500's gain of 3.2% [3] - The company's earnings outlook is favorable, with the current consensus EPS estimate for the coming quarter at $0.41 on revenues of $202.5 million, and $1.74 on revenues of $830.69 million for the current fiscal year [7] Industry Context - The Zacks Industry Rank for Banks - West is currently in the top 10% of over 250 Zacks industries, suggesting a strong performance potential for stocks within this sector [8]

4 th Quarter 2024 Earnings Call January 31, 2025 0 FORWARD-LOOKING STATEMENTS This presentation 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. These statements are often, but not always, made through the use of words or phrases such as "may", "might", "should", "could", "predict", "potential", "believe", ...

Financial Performance - Net income for the year ended December 31, 2024, was $230,129 thousand, down from $234,983 thousand in 2023, a decrease of 2.0%[23] - Net income for Q4 2024 was $52,496,000, down from $61,492,000 in Q3 2024, representing a decrease of 16.3%[25] - Basic earnings per share for Q4 2024 was $0.41, compared to $0.48 in Q4 2023, reflecting a decline of 14.6%[23] - Return on average total assets for Q4 2024 was 0.88%, down from 1.02% in Q3 2024, indicating a decline in asset efficiency[42] Assets and Liabilities - Total assets reached $23.8 billion as of December 31, 2024, unchanged from September 30, 2024[5] - Total assets as of December 31, 2024, were $23,828,186 thousand, slightly down from $24,926,474 thousand as of December 31, 2023, a decrease of 4.4%[24] - Total liabilities as of December 31, 2024, were $21,210,700,000, a slight increase from $21,132,251,000 as of September 30, 2024[26] - Stockholders' equity decreased to $2,617,486,000 as of December 31, 2024, from $2,648,034,000 as of September 30, 2024[26] Loans and Deposits - Gross loans and leases increased by $166.9 million, or 1.2%, to $14.4 billion compared to the prior quarter[5] - Total deposits rose by $94.5 million, or 0.5%, to $20.3 billion from the previous quarter[5] - Total loans and leases amounted to $14,408,258 thousand as of December 31, 2024, showing an increase from $14,241,370 thousand as of September 30, 2024[35] - Total deposits reached $20,322,216 thousand as of December 31, 2024, compared to $20,227,702 thousand as of September 30, 2024[36] Income and Expenses - Net interest income for Q4 2024 was $158.8 million, up $2.0 million, or 1.3%, from $156.7 million in Q3 2024[6] - Noninterest income decreased by $23.9 million to $29.4 million in Q4 2024, primarily due to a $26.2 million loss on the sale of investment securities[10] - Noninterest expense was $124.1 million in Q4 2024, a decrease of $2.0 million from the prior quarter[11] - Total interest income for Q4 2024 was $240,162,000, a decrease of 3.3% from $249,996,000 in Q3 2024[25] Credit Quality - A negative provision for credit losses of $0.8 million was recorded in Q4 2024, compared to a $7.4 million provision in Q3 2024[7] - The allowance for credit losses was $160,393,000 as of December 31, 2024, down from $163,700,000 as of September 30, 2024[26] - Non-performing assets totaled $20,679 thousand as of December 31, 2024, an increase from $17,834 thousand as of September 30, 2024[37] - The ratio of net loans and leases charged-off to average loans and leases outstanding was 0.09% for the three months ended December 31, 2024, down from 0.11% in the previous quarter[38] Capital and Dividends - The Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on February 28, 2025[2] - The Common Equity Tier 1 Capital Ratio was 12.80% as of December 31, 2024, down from 12.39% as of December 31, 2023[24] - The average tangible stockholders' equity for Q4 2024 was $1,634,108 thousand, up from $1,593,314 thousand in Q3 2024, reflecting an increase of approximately 2.6%[42] Operational Efficiency - The efficiency ratio for Q4 2024 was 65.51%, an increase from 59.48% in Q4 2023, indicating a decline in operational efficiency[23] - Average total assets decreased to $23,795,735 thousand in Q4 2024 from $24,046,696 thousand in Q3 2024, a reduction of approximately 1.0%[42]

Core Insights - First Hawaiian, Inc. reported strong financial results for Q4 2024, with growth in loan and deposit balances, an expanded net interest margin, controlled expenses, and excellent credit quality [2][12]. Financial Performance - Total assets reached $23.8 billion as of December 31, 2024, unchanged from the previous quarter [5]. - Gross loans and leases increased by $166.9 million, or 1.2%, to $14.4 billion [5]. - Total deposits rose by $94.5 million, or 0.5%, to $20.3 billion [5]. - Net interest income for Q4 2024 was $158.8 million, up $2.0 million, or 1.3%, from the prior quarter [6]. - The net interest margin improved to 3.03%, an increase of 8 basis points from 2.95% in the previous quarter [6]. Credit Quality - The company recorded a negative provision for credit losses of $0.8 million in Q4 2024, compared to a provision of $7.4 million in the prior quarter [7][12]. - The allowance for credit losses was $160.4 million, or 1.11% of total loans and leases, down from 1.15% in the previous quarter [11]. Noninterest Income and Expenses - Noninterest income decreased to $29.4 million in Q4 2024, down $23.9 million from $53.3 million in the prior quarter, primarily due to a $26.2 million loss on the sale of investment securities [8][12]. - Noninterest expense was $124.1 million, a decrease of $2.0 million from $126.1 million in the prior quarter [9]. Capital Management - The Board of Directors declared a quarterly cash dividend of $0.26 per share, payable on February 28, 2025 [2]. - A stock repurchase program was adopted for up to $100 million of outstanding common stock during 2025 [3][16]. - The company repurchased 1.5 million shares at a total cost of $40 million in Q4 2024, with an average cost of $27.14 per share [15]. Efficiency and Ratios - The efficiency ratio for Q4 2024 was 65.5%, compared to 59.8% in the prior quarter [9]. - The effective tax rate was 18.9%, down from 19.6% in the previous quarter [10]. - Return on average total assets was 0.88%, while return on average tangible stockholders' equity was 12.78% [24].

Company Overview - First Hawaiian (FHB) is expected to report a year-over-year increase in earnings of +8.1%, with earnings projected at $0.40 per share, despite a revenue decline of 11.4% to $186.28 million for the quarter ended December 2024 [3][12]. Earnings Expectations - The earnings report is scheduled for January 31, 2025, and could influence stock movement based on whether the results exceed or fall short of expectations [2][12]. - The consensus EPS estimate has been revised 1.64% higher in the last 30 days, indicating a positive reassessment by analysts [4]. Earnings Surprise Prediction - The Most Accurate Estimate for First Hawaiian is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -27.50%, suggesting a bearish outlook from analysts [10][11]. - Despite the negative Earnings ESP, First Hawaiian holds a Zacks Rank of 1 (Strong Buy), complicating predictions regarding an earnings beat [11]. Historical Performance - In the last reported quarter, First Hawaiian exceeded the consensus EPS estimate by +9.09%, with actual earnings of $0.48 per share compared to an expected $0.44 [12]. - Over the past four quarters, the company has beaten consensus EPS estimates two times [13]. Industry Context - In the Zacks Banks - West industry, Preferred Bank (PFBC) is expected to report earnings of $2.42 per share, reflecting a year-over-year decline of -6.9%, with revenues projected at $70 million, down 2.1% [17]. - The consensus EPS estimate for Preferred Bank has been revised 3.4% higher, but a lower Most Accurate Estimate results in an Earnings ESP of -0.62%, indicating uncertainty about beating the consensus [18].

HONOLULU, Jan. 10, 2025 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB) announced today that it plans to release its fourth quarter 2024 financial results on Friday, January 31, 2025 before the market opens. First Hawaiian will host a conference call to discuss the company’s results on the same day at 1:00 p.m. Eastern Time (8:00 a.m. Hawaii Time). To access the call by phone, participants will need to click on the following registration link: https://register.vevent.com/register/BI80003c73e95b445aa5 ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, January 9:Gain Therapeutics, Inc. (GANX) : This biotechnology company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.8% over the last 60 days.Gain Therapeutics' shares gained 23.9% over the last three months compared with the S&P 500’s advanced of 2.2%. The company possesses a Momentum Score of B.First Hawaiian, Inc. (FHB) : This bank holding com ...

Group 1 - TDK Corporation (TTDKY) has seen a significant increase in the Zacks Consensus Estimate for its current year earnings, rising by 77.8% over the last 60 days [1] - First Hawaiian, Inc. (FHB) has experienced a 3.4% increase in the Zacks Consensus Estimate for its current year earnings in the last 60 days [2] - Fresenius Medical Care AG (FMS), a dialysis service provider, has had a 1.3% increase in the Zacks Consensus Estimate for its current year earnings over the last 60 days [4] Group 2 - A Zacks Rank 1 company has a dividend yield of 2.0%, significantly higher than the industry average of 0.0% [6] - Another Zacks Rank 1 company has a dividend yield of 1.1%, also above the industry average of 0.0% [7] - A different Zacks Rank 1 company boasts a dividend yield of 4.0%, compared to the industry average of 2.7% [8]

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number 001-14585 FIRST HAWAIIAN, INC. (Exact Name of Registrant as Specified in its Charter) Delaware 99-0156159 (State or Other ...