NASDAQ$FHB

First Hawaiian Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

First Hawaiian's financial performance for Q4 2020 was reported, showcasing increased net interest income and noninterest income, alongside decreased noninterest expense, and increased total deposits.

First Hawaiian, Inc. reported a strong Q4 2020, with net income at $61.7 million, or $0.47 per diluted share. The company saw increases in net interest income and noninterest income, a decrease in noninterest expense, and an increase in total deposits. However, the company recorded a $20.0 million provision for credit losses.

  • Net income reached $61.7 million, translating to $0.47 per diluted share.
  • Net interest income saw an increase of $1.2 million, a 0.9% rise compared to the previous quarter.
  • Noninterest income experienced a $4.7 million surge, marking a 9.6% increase from the prior quarter.
  • Total deposits grew by $330.0 million, reflecting a 1.7% increase compared to the previous quarter.

Headline financials

Total Revenue

$189M

Previous: $186M+1.3%
EPS (adj)

$0.50

Previous: $0.54-7.4%
Efficiency Ratio

46.6%

Previous: 48.9%-4.7%
Net Interest Margin

2.7%

Previous: 3.1%-14.0%
Tier 1 Leverage Ratio

8.0%

Previous: 8.8%-9.0%
Common Equity Tier 1 Capital Ratio

12.5%

Previous: 11.9%+5.0%
Total Capital Ratio

13.7%

Previous: 12.8%+7.1%
Effective Tax Rate

23.5%

No prior period
Net Income

$61.7M

Previous: $67.8M-9.0%
Operating Income

$80.7M

Previous: $91M-11.3%
Gross Profit

$184M

Previous: $178M+3.5%
Cash & Equivalents

$303M

Previous: $360M-15.8%
Total Assets

$22.7B

Previous: $20.2B+12.4%
Stock-Based Comp

$1.85M

Previous: $3.12M-40.6%

Revenue & EPS history

First Hawaiian · Revenue · Quarterly

$189M

Q4 2020+1.3%vs Q4 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

The press release does not contain forward guidance.

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 Q4 2020

Historical avgQ4 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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