First Hawaiian (NASDAQ:FHB) Announces Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Key Points

• First Hawaiian reported quarterly EPS of $0.52, missing the $0.59 analyst consensus by $0.07 and declining from $0.59 a year earlier.
• Revenue totaled $230.23 million, slightly exceeding the $229.20 million estimate; net margin was 24.41% and return on equity was 10.27%.
• The stock fell 4.0% to $25.08 after the earnings release. Analysts maintain an average “Hold” rating with a $29.00 average price target, while TD Cowen lowered its target to $28.00.

First Hawaiian (NASDAQ:FHB - Get Free Report) announced its quarterly earnings results on Friday. The bank reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.59 by ($0.07), FiscalAI reports. The business had revenue of $230.23 million for the quarter, compared to the consensus estimate of $229.20 million. First Hawaiian had a net margin of 24.41% and a return on equity of 10.27%. During the same quarter last year, the firm posted $0.59 EPS.

First Hawaiian Stock Down 4.0%

NASDAQ FHB traded down $1.05 on Friday, reaching $25.08. The company had a trading volume of 1,639,553 shares, compared to its average volume of 1,853,519. The stock has a market capitalization of $3.05 billion, a P/E ratio of 10.90, a P/E/G ratio of 1.31 and a beta of 0.76. The company's fifty day moving average is $25.56 and its 200 day moving average is $27.00. First Hawaiian has a 52-week low of $23.26 and a 52-week high of $30.58.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. TD Cowen dropped their price objective on shares of First Hawaiian from $31.00 to $28.00 and set a "hold" rating on the stock in a research note on Monday, October 5th. Weiss Ratings reissued a "buy (b)" rating on shares of First Hawaiian in a research report on Friday, October 2nd. Wall Street Zen upgraded shares of First Hawaiian from a "sell" rating to a "hold" rating in a report on Sunday, September 27th. Zacks Research lowered shares of First Hawaiian from a "strong-buy" rating to a "hold" rating in a report on Thursday, August 13th. Finally, Benchmark reaffirmed a "hold" rating on shares of First Hawaiian in a research report on Tuesday, July 14th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, First Hawaiian presently has an average rating of "Hold" and an average target price of $29.00.

More First Hawaiian News

Here are the key news stories impacting First Hawaiian this week:

• Positive Sentiment: First Hawaiian reported third-quarter revenue of approximately $230.2 million, above the $229.2 million consensus estimate. The sales beat indicates that top-line performance remained relatively resilient. First Hawaiian Q3 revenue earnings flash
• Positive Sentiment: The company also declared a dividend alongside its quarterly results, reinforcing its income appeal for shareholders. First Hawaiian third-quarter results and dividend
• Neutral Sentiment: First Hawaiian generated a 24.41% net margin and 10.27% return on equity, though investors will likely look for further details on loan growth, credit quality, and net interest income in the earnings materials.
• Negative Sentiment: Third-quarter EPS was $0.52, below the $0.59–$0.60 analyst consensus and down from $0.59 in the same quarter last year. The earnings shortfall is the primary reason the stock moved lower following the report. First Hawaiian lags third-quarter earnings estimates
• Negative Sentiment: The shares were trading below both their 50-day and 200-day moving averages and near the lower end of their 52-week range, suggesting weak technical momentum and a cautious investor outlook.

About First Hawaiian

First Hawaiian, Inc is the parent company of First Hawaiian Bank, a regional financial institution headquartered in Honolulu, Hawaii. Founded in 1858, First Hawaiian Bank is the oldest bank in Hawaii and serves consumers, businesses, and government entities across the Pacific.

The bank provides a broad range of financial products and services, including checking and savings accounts, consumer and residential loans, commercial lending, credit cards, treasury management, investment and wealth management services, and online and mobile banking.

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