NASDAQ$FHB

First Hawaiian Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

First Hawaiian reported solid financial results despite the current economic environment.

First Hawaiian, Inc. reported a net income of $65.1 million for the third quarter of 2020, with an increase in net interest income and noninterest income compared to the prior quarter. The company's net interest margin also increased, reflecting improved financial performance.

  • Net income was $65.1 million, or $0.50 per diluted share.
  • Net interest income increased by $6.2 million, or 4.8%, compared to the prior quarter.
  • Noninterest income increased by $3.2 million, or 7.1%, versus the prior quarter.
  • Net interest margin (NIM) was 2.70%, a 12 basis point increase compared to the prior quarter.

Headline financials

Total Revenue

$183M

Previous: $193M-5.3%
EPS (adj)

$0.50

Previous: $0.57-12.3%
Efficiency Ratio

50.0%

No prior period
Net Interest Margin

2.7%

No prior period
Tier 1 Leverage Ratio

7.9%

No prior period
Common Equity Tier 1 Capital Ratio

12.2%

No prior period
Total Capital Ratio

13.5%

No prior period
Free Cash Flow

$65.1M

Previous: $74.2M-12.3%
Net Income

$65.1M

Previous: $74.2M-12.3%
Operating Income

$172M

Previous: $158M+8.9%
Gross Profit

$183M

Previous: $193M-5.3%
Cash & Equivalents

$816M

Previous: $1.34B-39.3%
Total Assets

$22.3B

Previous: $20.6B+8.3%
Stock-Based Comp

$2.58M

Previous: $1.16M+123.1%

Revenue & EPS history

First Hawaiian · Revenue · Quarterly

$183M

Q3 2020-5.3%vs Q3 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

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 Q3 2020

Historical avgQ3 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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