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Here's What Key Metrics Tell Us About First Hawaiian (FHB) Q3 Earnings
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For the quarter ended September 2024, First Hawaiian (FHB - Free Report) reported revenue of $210 million, up 3.3% over the same period last year. EPS came in at $0.48, compared to $0.46 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $204.83 million, representing a surprise of +2.52%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.44.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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% compared to the 0.1% average estimate based on three analysts.
Total Non-Accrual Loans and Leases: $17.83 million compared to the $18.94 million average estimate based on three analysts.
Net interest margin: 3% versus 2.9% estimated by three analysts on average.
Efficiency Ratio: 59.8% compared to the 60.8% average estimate based on three analysts.
Average Balance - Total Earning Assets: $21.33 billion compared to the $22.08 billion average estimate based on three analysts.
Total Non-Performing Assets: $17.83 million versus the three-analyst average estimate of $18.94 million.
Total Noninterest Income: $53.29 million versus the three-analyst average estimate of $50.20 million.
Net Interest Income: $156.71 million versus $154.63 million estimated by three analysts on average.
Bank-owned life insurance: $4.50 million versus the two-analyst average estimate of $2.37 million.
Net Interest Income (FTE): $157.80 million versus $155.36 million estimated by two analysts on average.
Other service charges and fees: $11.79 million compared to the $10.33 million average estimate based on two analysts.
Noninterest income- Other: $2.60 million versus the two-analyst average estimate of $3.20 million.
Shares of First Hawaiian have returned +3.8% over the past month versus the Zacks S&P 500 composite's +1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Here's What Key Metrics Tell Us About First Hawaiian (FHB) Q3 Earnings
For the quarter ended September 2024, First Hawaiian (FHB - Free Report) reported revenue of $210 million, up 3.3% over the same period last year. EPS came in at $0.48, compared to $0.46 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $204.83 million, representing a surprise of +2.52%. The company delivered an EPS surprise of +9.09%, with the consensus EPS estimate being $0.44.
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.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
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% compared to the 0.1% average estimate based on three analysts.
- Total Non-Accrual Loans and Leases: $17.83 million compared to the $18.94 million average estimate based on three analysts.
- Net interest margin: 3% versus 2.9% estimated by three analysts on average.
- Efficiency Ratio: 59.8% compared to the 60.8% average estimate based on three analysts.
- Average Balance - Total Earning Assets: $21.33 billion compared to the $22.08 billion average estimate based on three analysts.
- Total Non-Performing Assets: $17.83 million versus the three-analyst average estimate of $18.94 million.
- Total Noninterest Income: $53.29 million versus the three-analyst average estimate of $50.20 million.
- Net Interest Income: $156.71 million versus $154.63 million estimated by three analysts on average.
- Bank-owned life insurance: $4.50 million versus the two-analyst average estimate of $2.37 million.
- Net Interest Income (FTE): $157.80 million versus $155.36 million estimated by two analysts on average.
- Other service charges and fees: $11.79 million compared to the $10.33 million average estimate based on two analysts.
- Noninterest income- Other: $2.60 million versus the two-analyst average estimate of $3.20 million.
View all Key Company Metrics for First Hawaiian here>>>Shares of First Hawaiian have returned +3.8% over the past month versus the Zacks S&P 500 composite's +1.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.