earnings
confidence high
sentiment positive
materiality 0.55
First Hawaiian reports Q1 net income $57.7M, EPS $0.45; NIM expands 4bps to 2.42%
FIRST HAWAIIAN, INC.
2022-Q1 EPS reported
$0.45
revenue$175,252,000
- Net income $57.7M, diluted EPS $0.45; ROATCE 15.08%, efficiency ratio 59.0%.
- Loans grew $40M (ex-PPP), deposits grew $454M; cost of deposits 5bps.
- Negative provision of $5.7M reflects excellent credit quality; NALs remain low.
- CET1 ratio 12.27%; declared $0.26/share dividend; $75M share repurchase authorized for 2022 (no repurchases in Q1).
- 40% of loan portfolio reprices within 90 days, positioned for rising rates.