NASDAQ$FHB

First Hawaiian Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Net income decreased due to COVID-19 impact on Hawaii's economy and lower interest rates.

First Hawaiian, Inc. reported net income of $20.0 million, or $0.15 per diluted share, for the second quarter of 2020. The results were impacted by the COVID-19 pandemic and lower interest rates.

  • Net income of $20.0 million, or $0.15 per diluted share.
  • Total loans and leases increased $383.8 million, or 2.9%, versus prior quarter.
  • Deposits balances increased $2.3 billion, or 13.8% versus the prior quarter.
  • Net interest margin (NIM) was 2.58%.

Headline financials

Total Revenue

$173M

Previous: $194M-10.8%
EPS (adj)

$0.16

Previous: $0.54-70.4%
Efficiency Ratio

52.7%

Previous: 48.0%+9.8%
Net Interest Margin

2.6%

Previous: 3.3%-20.6%
Tier 1 Leverage Ratio

7.8%

No prior period
Common Equity Tier 1 Capital Ratio

11.9%

No prior period
Total Capital Ratio

13.1%

No prior period
Free Cash Flow

$20M

Previous: $72.4M-72.3%
Net Income

$20M

Previous: $72.4M-72.3%
Operating Income

$160M

Previous: $159M+0.5%
Gross Profit

$173M

Previous: $194M-10.8%
Cash & Equivalents

$1.86B

Previous: $684M+171.4%
Total Assets

$23B

Previous: $20.5B+12.0%
Stock-Based Comp

$2.79M

Previous: $1.96M+42.8%

Revenue & EPS history

First Hawaiian · Revenue · Quarterly

$173M

Q2 2020-10.8%vs Q2 2019
Beat estimate in 10 of 16 quarters(63%)
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 Q2 2020

Historical avgQ2 2020

+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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