NASDAQ$FHB

First Hawaiian Inc · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported strong financial results driven by good earnings, continued deposit growth, and excellent credit quality.

First Hawaiian, Inc. reported a strong start to 2022 with good earnings, continued consumer and commercial deposit growth, and excellent credit quality. Net income was $57.7 million, or $0.45 per diluted share. Total deposits increased by $454.3 million, while total loans and leases decreased by $70.3 million.

  • Net income was $57.7 million, or $0.45 per diluted share.
  • Total loans and leases decreased by $70.3 million versus prior quarter.
  • Total deposits increased by $454.3 million versus prior quarter.
  • A quarterly dividend of $0.26 per share was declared.

Headline financials

Total Revenue

$175M

Previous: $173M+1.3%
EPS (adj)

$0.45

Previous: $0.44+2.3%
Efficiency Ratio

59.0%

Previous: 55.5%+6.3%
Net Interest Margin

2.4%

Previous: 2.5%-5.1%
Tier 1 Leverage Ratio

7.5%

Previous: 7.9%-5.1%
Common Equity Tier 1 Capital Ratio

12.3%

Previous: 12.8%-4.3%
Total Capital Ratio

13.5%

Previous: 14.1%-4.2%
Free Cash Flow

$57.7M

Previous: $57.7M+0.0%
Net Income

$57.7M

Previous: $57.7M+0.0%
Operating Income

$163M

Previous: $162M+0.6%
Gross Profit

$175M

Previous: $173M+1.3%
Cash & Equivalents

$274M

Previous: $1.26B-78.3%
Total Assets

$25B

Previous: $23.5B+6.6%
Stock-Based Comp

$3.14M

Previous: $3.04M+3.2%

Revenue & EPS history

First Hawaiian · Revenue · Quarterly

$175M

Q1 2022+1.3%vs Q1 2021
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

First Hawaiian · $53.6M total across 6 segments · Q4 2020

  • Credit and Debit Card Fees
    $15.6M
  • Other
    $9.96M
  • Trust and Investment Services Income
    $8.73M
  • Other Service Charges and Fees
    $8.4M
  • Service Charges on Deposit Accounts
    $6.77M
  • Bank-Owned Life Insurance
    $4.16M

Forward guidance

This press release 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.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

+0.3%

Avg return

Earnings day

-0.3%

Avg return

5 days after

-0.2%

Avg return

30 days after

51%

23 / 45 earnings

Positive

+11.0%

Q1 2020

Best reaction

-9.1%

Q2 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.2%-0.1%+1.4%
Q4 2025-3.8%-1.6%-10.2%
Q3 2025+4.7%+3.3%+3.9%
Q2 2025+0.2%-1.8%+2.2%
Q1 2025+0.8%-1.5%+0.6%
Q4 2024+3.1%+4.7%+0.4%
Q3 2024+4.0%+4.8%+16.3%
Q2 2024+0.4%-0.3%-3.4%
Q1 2024-2.5%-2.4%-6.8%
Q4 2023+5.3%+0.4%-2.1%
Q3 2023-0.7%-0.7%+5.4%
Q2 2023-5.6%-6.5%-14.8%
Q1 2023-6.0%-12.2%-13.2%
Q4 2022+5.7%+7.9%+6.6%
Q3 2022-0.9%-1.9%+3.5%
Q2 2022+5.4%+5.2%+7.4%
Q1 2022-6.8%-11.5%-11.0%
Q4 2021-1.1%-1.1%+0.6%
Q3 2021-1.2%-7.4%-6.6%
Q2 2021+3.5%+3.4%+0.4%
Q1 2021-0.3%+1.3%+4.4%
Q4 2020-1.7%-6.2%+8.0%
Q3 2020+5.4%-2.4%+28.2%
Q2 2020-9.1%-5.8%-12.6%
Q1 2020+11.0%+12.0%-2.6%
Q4 2019+2.0%+1.9%-12.3%
Q3 2019-1.7%-1.1%+0.5%
Q2 2019+2.9%+1.7%-6.7%
Q1 2019+1.3%+2.3%-4.0%
Q4 2018+4.5%+7.2%+9.7%
Q3 2018+1.4%+5.9%+7.5%
Q2 2018+0.4%+0.9%+3.2%
Q1 2018-0.7%-2.5%+1.9%
Q4 2017-7.8%-9.3%-9.8%
Q3 2017-2.1%-1.8%-6.3%
Q2 2017-2.3%+0.1%-8.2%
Q1 2016-2.2%-1.6%-7.2%
Q1 2017-2.5%-3.5%-8.0%
Q4 2015-0.3%-2.1%-9.7%
Q4 2014-0.3%-2.1%-9.7%
Q4 2016+4.5%+3.8%-1.9%
Q3 2015+4.3%+7.1%+21.7%
Q3 2016+0.5%-0.5%+17.6%
Q2 2016+2.2%+1.0%+2.6%
Q2 2015+2.2%+1.0%+2.6%
Q1 2015

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