earnings
confidence high
sentiment positive
materiality 0.65
First Hawaiian Q1 net income $57.7M ($0.45 EPS); deposits up $454M, declares $0.26 dividend
FIRST HAWAIIAN, INC.
2022-Q1 EPS reported
$0.45
revenue$175,252,000
- Net income of $57.7M ($0.45 per diluted share) in Q1 2022.
- Total deposits rose $454M (+2.1%) to $22.3B; loans and leases declined $70M (-0.5%) to $12.9B.
- Recorded $5.7M negative provision for credit losses; net charge-offs fell to $2.6M (0.08% annualized).
- Board declared $0.26 per share quarterly dividend, payable June 3, 2022 to holders of record May 23, 2022.
- Net interest income $133.9M, down $3.5M sequentially; NIM improved to 2.42% from 2.38%.