For the quarter ended September 2024, First Hawaiian (FHB) reported revenue of $210 million, up 3.3% over the same period last year. EPS came in at $0.48, compared to $0.46 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $204.83 million, representing a surprise of +2.52%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.44. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall S ...

First Hawaiian (FHB) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.44 per share. This compares to earnings of $0.46 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 9.09%. A quarter ago, it was expected that this bank holding company would post earnings of $0.42 per share when it actually produced earnings of $0.48, delivering a surprise of 14.29%.Over the last four quarters, th ...

EXHIBIT 99.1 For Immediate Release First Hawaiian, Inc. Reports Third Quarter 2024 Financial Results and Declares Dividend HONOLULU, Hawaii October 25, 2024--(Globe Newswire)--First Hawaiian, Inc. (NASDAQ:FHB), ("First Hawaiian" or the "Company") today reported financial results for its quarter ended September 30, 2024. "I'm happy to report that we had a very good third quarter," said Bob Harrison, Chairman, President, and CEO. "Net interest income and noninterest income increased over the prior quarter, ex ...

Wall Street analysts forecast that First Hawaiian (FHB) will report quarterly earnings of $0.44 per share in its upcoming release, pointing to a year-over-year decline of 4.4%. It is anticipated that revenues will amount to $204.83 million, exhibiting an increase of 0.8% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 3.8% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initia ...

First Hawaiian (FHB) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on Octob ...

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 June 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 Juri ...

Financial Data and Key Metrics - Net interest income was $152.9 million, down $1.6 million from the prior quarter, primarily due to lower average balances of cash and investment securities [8] - Noninterest expenses were $6.7 million lower than the prior quarter, with a quarterly expense run rate expected to remain around $125 million [9] - Noninterest income was $51.8 million, up $400,000 from the prior quarter, with quarterly noninterest income expected to be in the $49 million to $50 million range [30] - Total deposits decreased by $351 million, driven by a $216 million decline in total public deposits [100] - The cost of deposits increased by 5 basis points to 170 basis points, compared to a 9 basis point increase in the first quarter [100] Business Line Data and Key Metrics - Total loans grew by $39.7 million over the prior quarter, driven by draws on existing construction loans and new leasing opportunities [27] - Commercial and industrial (C&I) production increased by about $150 million in dealer floorplan loans, partially offset by paydowns and payoffs of other C&I loans [27] - Consumer loan balances declined due to runoff in the indirect auto portfolio [27] - Commercial real estate (CRE) represents approximately 30% of total loans and leases, with strong credit quality and manageable loan-to-value (LTV) ratios [12] Market Data and Key Metrics - Hawaii's unemployment rate was 2.9% in June, compared to the national rate of 4.1% [4] - The median sales price for a single-family home on Oahu was $1.1 million, up 6.7% from March, while the median sales price for condos was $530,000, down 3.9% from last year [5] - Total visitor arrivals were down 4.1% and spending was down 4.9% compared to 2023 levels, primarily due to a drop in visitors to Maui [25] Company Strategy and Industry Competition - The company expects low-single-digit loan growth for the full year, with production weighted towards the fourth quarter [7] - The company plans to continue running down securities balances and rotating them into loan growth [55] - The company is considering restarting share buybacks in the second half of the year, as capital levels continue to build [74] Management Commentary on Operating Environment and Future Outlook - The company believes the trends seen in the second quarter position it well for a strong second half of the year [26] - The company expects the net interest margin (NIM) to remain relatively flat in the third quarter, with an upward trend supported by balance sheet repricing dynamics, though the timing and pace of rate cuts will impact the absolute level [8] - The company is confident that deposit outflows have stabilized and expects the worst of the shift from noninterest-bearing to interest-bearing deposits to be over [48] Other Important Information - The company sold two criticized shared national credit (SNC) loans at par for a total of $27.5 million in the second quarter as part of its credit monitoring and management process [11] - The company's allowance for credit losses coverage ratio remained unchanged at 1.12% [33] - The company made a $0.25 million donation to Maui, which was matched by the Federal Home Loan Bank for a total of $1 million [43] Q&A Session Summary Question: Loan growth outlook and how the company plans to achieve low-single-digit growth in the second half [15] - The company expects loan production to pick up in the second half, driven by construction loan draws and new leasing opportunities, with less paydown activity compared to the first half [16] Question: Impact of potential Fed rate cuts on net interest income (NII) and NIM [18] - The company expects NIM to decline in the quarter of a rate cut but believes the underlying balance sheet dynamics will support an upward trend in NIM over time, even with rate cuts [53] Question: Core deposit trends and stabilization [48] - The company saw most deposit outflows occur in the first part of the quarter, with the magnitude of noninterest-bearing deposit migration slowing compared to the first quarter, giving confidence in stabilization [48] Question: Securities portfolio yield and potential restructuring [54] - The company plans to continue running down securities balances and rotating them into loan growth, rather than pursuing portfolio restructuring [55] Question: Housing market and HELOC portfolio performance [58] - The housing market remains strong, with limited supply and high demand, leading to stable credit quality in the HELOC portfolio [58][59] Question: Capital return plans, including buybacks and dividends [64] - The company is comfortable with its current dividend payout ratio of around 50% and plans to restart buybacks in the second half of the year [74] Question: Dealer floorplan loan trends and sustainability [69] - The company expects dealer floorplan loan balances to continue rebuilding as inventory levels increase, though there may be some volatility [87] Question: Balance sheet size and funding strategy [71] - The company expects deposit runoff to slow, allowing securities portfolio runoff to fund loan growth without needing external funding [72]

1 GOOD LOAN PRODUCTION PARTIALLY ($ millions) REDUCED PUBLIC TIME DEPOSITS $148 MM 5 1 BP INCREASE IN NIM 6 ($ millions) Noninterest Income Noninterest Expense 120.9 128.8 122.1 58.0% 62.2% 59.2% ($ millions) 125.0 115.0 105.0 95.0 85.0 75.0 7 ($ millions) ■ QTD Net Charge Off ($ millions) Jun-24 NPA and 90+ Days Past Due ($ millions) 30-89 days past due is comprised of accruing and non-accruing loans = Rollforward of the On-Balance Sheet Allowance for Credit Losses > APPENDIX | --- | --- | --- | --- | --- ...

For the quarter ended June 2024, First Hawaiian (FHB) reported revenue of $204.62 million, down 1.3% over the same period last year. EPS came in at $0.48, compared to $0.49 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $202.94 million, representing a surprise of +0.83%. The company delivered an EPS surprise of +14.29%, with the consensus EPS estimate being $0.42. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- an ...

First Hawaiian (FHB) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items. Over the last four quarters, the company has surpassed consensus EPS estimates two times. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on th ...