FHB

First Hawaiian’s first quarter results aligned with Wall Street expectations, with management emphasizing the impact of steady loan and deposit growth, robust credit quality, and resilient funding costs. CEO Bob Harrison attributed the quarter’s stability to balanced commercial real estate and commercial loan expansion, while noting that residential and construction portfolios saw some runoff as projects transitioned to permanent financing. Strong deposit trends, particularly growth in public operating balances, contributed to funding cost improvements and underpinned the bank’s consistent performance. Is now the time to buy FHB? Find out in our full research report (it’s free). Revenue: $220.3 million vs analyst estimates of $220.4 million (4.4% year-on-year growth, in line) Adjusted EPS: $0.55 vs analyst estimates of $0.53 (2.8% beat) Adjusted Operating Income: $87.46 million vs analyst estimates of $92.42 million (39.7% margin, 5.4% miss) Market Capitalization: $3.32 billion While we enjoy listening to the management's commentary, our favorite part of earnings calls are the analyst questions. Those are unscripted and can often highlight topics that management teams would rather avoid or topics where the answer is complicated. Here is what has caught our attention. Anthony Elian (JPMorgan) asked for detail on drivers of net interest margin improvement. CFO Jamie Moses attributed this to balance sheet repricing as fixed-rate assets are replaced at higher yields, with the caveat that a rate cut would temporarily reduce margin before resuming improvement. Jared Shaw (Barclays) inquired about C&I loan growth and potential Mainland expansion. CEO Bob Harrison noted broad-based growth, including new dealer relationships and increased utilization, and said hiring could come from both local and Mainland markets. David Feaster (Raymond James) questioned competitive dynamics in lending and funding. Harrison described stable competition in Hawaii, increased price pressure on the Mainland, and consistent efforts to grow market share through customer engagement. Kelly Motta (KBW) sought insight on capital impacts from proposed regulatory changes. Moses estimated a potential 1% increase in CET1 ratio if rules are implemented but said current strategy would not change preemptively. Andrew Terrell (Stephens) asked about opportunities to further lower deposit costs. Moses...

First Hawaiian reported a "strong start" to 2026 with loan and deposit growth, stable credit metrics (ROA tange 1.2%, ROE tange 15.3%), and repurchased about $32–34 million of stock in Q1 against a roughly $250 million repurchase authorization. Balance-sheet momentum included total loans up about $128 million (3.6% annualized) and deposits up $262 million—driven by public operating balances—with easing funding costs (deposit cost down to 1.22%) and roughly $1 billion of CDs maturing in Q2 at ~2.90% expected to roll into lower rates. Management updated its outlook: loan growth 3–4% for the year, full-year NIM 3.22%–3.23% (Q2 NIM +2–3 bps vs Q1), ~$220 million in non-interest income and ~$520 million in non-interest expense, noting the bank is asset-sensitive and positioned to benefit from a higher-for-longer rate environment. Interested in First Hawaiian, Inc.? Here are five stocks we like better. First Hawaiian (NASDAQ:FHB) executives said the company opened 2026 with loan and deposit growth, stable credit performance, and continued capital returns, while updating key elements of its outlook to reflect shifting interest-rate expectations. Chairman, President, and CEO Robert Harrison began by noting the company’s support for communities affected by recent flooding in Hawaii from Kona low storms and Typhoon Sinlaku in Guam and Saipan, saying First Hawaiian is “actively providing relief and support to help our customers and those affected.” → Pipelines and Automation: 2 Energy Plays Built for Any Oil Price Harrison pointed to a relatively stable local economy, citing a statewide unemployment rate of 2.2% in January versus 4.3% nationally. He also said total visitor arrivals through February increased 7.1% year over year, “primarily due to more visitors from the U.S. mainland and Japan,” while year-to-date spending through February was $4.2 billion, up 14.8% from the same period in 2025. Still, Harrison cautioned that “it’s too soon to know how tourism and the local economy might be impacted by the recent global events.” He described the housing market as stable, with Oahu’s median single-family home sales price in March at $1.2 million (up 3.4% year over year) and the median condo price at $510,000 (up 2%). → Homebuilder Earnings: D.R. Horton Sticks Out as Pulte & NVR Sales Tank Harrison said the company had a “strong start to the year,” with loan and deposit g...

In April 2026, First Hawaiian, Inc. reported first-quarter results showing net interest income of US$167.53 million and net income of US$67.78 million, alongside a US$0.55 basic and diluted earnings per share from continuing operations and a maintained quarterly dividend of US$0.26 per share payable in May. The quarter also reflected steady credit performance with net charge-offs holding at US$4.9 million, or 0.14% of average loans and leases on an annualized basis, supporting management’s emphasis on solid asset quality. Next, we’ll examine how this earnings beat, paired with stable credit metrics, reshapes First Hawaiian’s investment narrative and outlook. Find 54 companies with promising cash flow potential yet trading below their fair value. To own First Hawaiian, you need to be comfortable with a regional bank closely tied to Hawaii’s economy and funding base, while keeping an eye on deposit trends and credit quality. The latest quarter’s earnings beat and steady net charge-offs support the near term earnings catalyst, but do not materially change the key risk that prolonged competitive pressure for deposits could squeeze net interest margins. The board’s decision to maintain the US$0.26 quarterly dividend alongside US$0.55 in earnings per share underlines the company’s current capacity to return cash to shareholders, even as loan growth guidance has been trimmed to the low single digits. For investors, that combination of consistent dividends and more measured balance sheet expansion frames how this earnings result fits with expectations for modest growth and disciplined capital use. Yet behind the solid quarter, investors should be aware of how ongoing competition for deposits could eventually... Read the full narrative on First Hawaiian (it's free!) First Hawaiian's narrative projects $973.2 million revenue and $278.6 million earnings by 2029. This requires 4.5% yearly revenue growth and a modest $2.3 million earnings increase from $276.3 million today. Uncover how First Hawaiian's forecasts yield a $27.00 fair value, in line with its current price. Two fair value estimates from the Simply Wall St Community span roughly US$27 to about US$42.72 per share, showing how differently individual investors view First Hawaiian. Against that range, the recent earnings beat alongside unchanged concerns about deposit competition and geographic concentration give...

This article first appeared on GuruFocus. Return on Average Tangible Assets: 1.2% for Q1 2026. Return on Average Tangible Equity: 15.3% for Q1 2026. Effective Tax Rate: 22.5% for Q1 2026. Share Repurchase: 1.3 million shares at a cost of $32 million during the quarter. Total Loan Growth: $128 million in Q1 2026, up 3.6% on an annualized basis. Total Deposits Increase: $262 million in Q1 2026. Net Interest Income: $167.5 million for Q1 2026, down $2.8 million from the prior quarter. Net Interest Margin: 3.19%, a decline of 2 basis points sequentially. Noninterest Income: $52.8 million for Q1 2026. Noninterest Expense: $127.9 million for Q1 2026. Net Charge-Offs: $4.9 million, or 14 basis points of average loans and leases, unchanged from the fourth quarter. Allowance for Credit Losses: Increased by just under $1 million to $169 million, with a coverage ratio of 1.17% of total loans and leases. Warning! GuruFocus has detected 7 Warning Sign with WSFS. Is FHB fairly valued? Test your thesis with our free DCF calculator. Release Date: April 24, 2026 For the complete transcript of the earnings call, please refer to the full earnings call transcript. First Hawaiian Inc (NASDAQ:FHB) reported a strong start to the year with growth in loans and deposits, maintaining solid credit quality and capitalization. The company achieved a return on average tangible assets of 1.2% and a return on average tangible equity of 15.3% for the first quarter. Total loans grew by over $128 million in the quarter, with significant growth in Commercial Real Estate (CRE) and Commercial & Industrial (C&I) loans. Total deposits increased by $262 million, driven by growth in public operating balances, with a healthy non-interest-bearing deposit ratio of 31%. The bank maintained strong credit performance with low credit risk, a decrease in criticized assets, and stable net charge-offs. Net interest income for the quarter was down $2.8 million from the prior quarter, with a slight decline in net interest margin. Noninterest income decreased due to lower BOLI income and swap fee activity, which are considered timing-related. The company expects expenses to gradually increase throughout the year, with a forecast of full-year expenses around $520 million. The competitive environment remains challenging, particularly in pricing, both on the mainland and in Hawaii. There is uncertainty regarding the...

Performance was driven by a stable Hawaii economy, characterized by a 2.2% unemployment rate and a 7.1% year-over-year increase in visitor arrivals through February. Loan growth of 3.6% on an annualized basis was fueled by CRE and C&I expansion, specifically through new dealer floor plan relationships and draws on existing lines, though this was partially offset by runoff in the residential loan portfolio and payoffs in the construction loan portfolio. Net interest margin experienced a slight sequential decline of two basis points, reflecting the full-quarter impact of the December rate cut. Deposit momentum remained positive as the bank avoided typical seasonal outflows, supported by a healthy 31% noninterest-bearing deposit ratio. Management attributes the 15.3% return on average tangible equity to a well-capitalized balance sheet and disciplined expense management. Credit quality remains a core strength, with criticized assets decreasing by 21 basis points and no broad signs of weakness observed in consumer or commercial books. Full-year NIM guidance was revised upward to 3.22%–3.23% based on the shift to a 'no rate cut' market expectation for the remainder of 2026. The bank expects to benefit from approximately $400 million in fixed-rate cash flows repricing each quarter at a weighted average spread of 155 basis points higher. Loan growth is projected to remain in the 3% to 4% range for the full year, supported by opportunities in dealer flooring and commercial real estate. Expenses are forecasted to reach $520 million for the year, with a planned gradual increase driven by strategic hiring of revenue-producing talent. Management remains asset-sensitive, noting that while rate cuts would cause immediate NIM compression, subsequent repricing dynamics would drive recovery. The bank is actively monitoring potential economic impacts from recent Konololo storms and Typhoon Sinlaku within its Hawaii and Guam footprints. Share repurchases totaled 1.3 million shares at a cost of $32 million in Q1, part of a broader $250 million capital allocation authorization. Management indicated that proposed capital changes could potentially add approximately 1% to the CET1 ratio, though no strategy shifts are planned until rules are finalized. Lower noninterest income in Q1 was attributed to timing-related volatility in BOLI and swap fees rather than structural business dec...

Image source: The Motley Fool. April 24, 2026 at 1 p.m. ET Chairman, President, and Chief Executive Officer — Robert S. Harrison Vice Chairman and Chief Financial Officer — James C. Moses Vice Chairman and Chief Risk Officer — Lea E. Nakamura Director of Investor Relations — Kevin Haseyama Need a quote from a Motley Fool analyst? Email [email protected] Bob Harrison: Thank you, everyone, for joining us today. I wanted to start by sharing our support for the communities impacted by the recent flooding in Hawaii from the Konololo storms and Typhoon Sinlaku in Guam and Saipan. It is really important for us to support our communities, and we are actively providing relief and support to help our customers and those affected in the relevant communities. Moving on to the outlook, the statewide unemployment rate remained stable at 2.2% in January. That compares to the national rate of 4.3% for the same month. Through February, total visitor arrivals were up 7.1% compared to last year, primarily due to more visitors from the U.S. Mainland and Japan. To date, spending through February was $4.2 billion, up 14.8% compared to 2025 levels for the same period. At this point, it is too soon to know how tourism and the local economy might be impacted by recent global events. The housing market remains stable with the median single-family home sales price on Oahu in March at $1.2 million, up 3.4% from the prior year, and the median condo sales price on Oahu in March was $510 thousand, up 2% from the prior year. Turning to slide two, we had a strong start to the year. Loans and deposits grew, credit quality remained solid, and we remained well capitalized. Our return on average tangible assets was 1.2% and return on average tangible equity was 15.3% for the first quarter. The effective tax rate for the first quarter was 22.5%. Turning to slide three, the balance sheet remains solid as we continue to be well capitalized with ample liquidity. We remain asset sensitive and well positioned to benefit from a higher-for-longer rate scenario. During the quarter, we repurchased about 1.3 million shares at a cost of $32 million. Turning to slide four, total loans grew over $128 million in the quarter, up 3.6% on an annualized basis. We had good growth in CRE and C&I loans, partially offset by runoff in the residential loan portfolio and payoffs in the construction loan portfolio. Some of the...

HONOLULU (AP) — HONOLULU (AP) — First Hawaiian Inc. (FHB) on Friday reported first-quarter earnings of $67.8 million. The bank, based in Honolulu, said it had earnings of 55 cents per share. The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 53 cents per share. The bank holding company posted revenue of $282.5 million in the period. Its revenue net of interest expense was $220.3 million, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $221.2 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on FHB at https://www.zacks.com/ap/FHB

For the quarter ended March 2026, First Hawaiian (FHB) reported revenue of $220.35 million, up 4.4% over the same period last year. EPS came in at $0.55, compared to $0.47 in the year-ago quarter. The reported revenue represents a surprise of -0.4% over the Zacks Consensus Estimate of $221.24 million. With the consensus EPS estimate being $0.53, the EPS surprise was +3.13%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health. As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately. Here is how First Hawaiian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: Net charge-offs: 0.1% versus 0.2% estimated by four analysts on average. Total Non-Performing Assets: $39.68 million versus the four-analyst average estimate of $43.53 million. Net interest margin: 3.2% compared to the 3.2% average estimate based on four analysts. Efficiency Ratio: 57.8% compared to the 58.4% average estimate based on four analysts. Average Balance - Total Earning Assets: $21.33 billion versus the four-analyst average estimate of $21.2 billion. Total Non-Accrual Loans and Leases: $39.68 million compared to the $42.18 million average estimate based on three analysts. Total Noninterest Income: $52.82 million compared to the $54.7 million average estimate based on four analysts. Net Interest Income (FTE): $168.5 million compared to the $166.81 million average estimate based on four analysts. Net Interest Income: $167.53 million versus $166.26 million estimated by three analysts on average. Service charges on deposit accounts: $8.16 million versus the three-analyst average estimate of $8.11 million. Bank-owned life insurance: $4.09 million compared to the $5.25 million average estimate based on two analysts. Other service charges and fees: $13.78 million versus $13.59 million estimated by two analysts on average. View all Key Company Metrics for First Hawaiian here>>> Shares of First Hawaiian have returned +9.6% over the past month versus the Zacks S&P 500 composite's +8.1% change. The stock currentl...

First Hawaiian (FHB) reported Q1 earnings Friday of $0.55 per diluted share, up from $0.47 a year ea

First Hawaiian (FHB) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +3.13%. A quarter ago, it was expected that this bank holding company would post earnings of $0.55 per share when it actually produced earnings of $0.56, delivering a surprise of +1.82%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. First Hawaiian, which belongs to the Zacks Banks - West industry, posted revenues of $220.35 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.4%. This compares to year-ago revenues of $211 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. First Hawaiian shares have added about 6.6% since the beginning of the year versus the S&P 500's gain of 3.8%. While First Hawaiian has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for First Hawaiian was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (S...

TriCo (TCBK) came out with quarterly earnings of $1.04 per share, beating the Zacks Consensus Estimate of $0.97 per share. This compares to earnings of $0.8 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of +7.77%. A quarter ago, it was expected that this holding company for Tri Counties Bank would post earnings of $1.01 per share when it actually produced earnings of $1.03, delivering a surprise of +1.98%. Over the last four quarters, the company has surpassed consensus EPS estimates four times. TriCo, which belongs to the Zacks Banks - West industry, posted revenues of $108.26 million for the quarter ended March 2026, surpassing the Zacks Consensus Estimate by 0.74%. This compares to year-ago revenues of $98.61 million. The company has topped consensus revenue estimates four times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. TriCo shares have added about 4.2% since the beginning of the year versus the S&P 500's gain of 4.3%. While TriCo has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for TriCo was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks her...