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This is What Key Metrics Inform Us About First Hawaiian (FHB) Q3 Earnings

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For the quarter ended September 2024, First Hawaiian (FHB) reported income of $210 million, up 3.3% over the identical interval final yr. EPS got here in at $0.48, in comparison with $0.46 within the year-ago quarter.

The reported income compares to the Zacks Consensus Estimate of $204.83 million, representing a shock of +2.52%. The corporate delivered an EPS shock of +9.09%, with the consensus EPS estimate being $0.44.

Whereas traders scrutinize income and earnings adjustments year-over-year and the way they examine with Wall Avenue expectations to find out their subsequent transfer, some key metrics all the time provide a extra correct image of an organization’s monetary well being.

Since these metrics play a vital position in driving the top- and bottom-line numbers, evaluating them with the year-ago numbers and what analysts estimated about them helps traders higher mission a inventory’s value efficiency.

Right here is how First Hawaiian carried out within the simply reported quarter when it comes to the metrics most generally monitored and projected by Wall Avenue analysts:

  • Internet charge-offs: 0.1% in comparison with the 0.1% common estimate based mostly on three analysts.
  • Complete Non-Accrual Loans and Leases: $17.83 million in comparison with the $18.94 million common estimate based mostly on three analysts.
  • Internet curiosity margin: 3% versus 2.9% estimated by three analysts on common.
  • Effectivity Ratio: 59.8% in comparison with the 60.8% common estimate based mostly on three analysts.
  • Common Steadiness – Complete Incomes Property: $21.33 billion in comparison with the $22.08 billion common estimate based mostly on three analysts.
  • Complete Non-Performing Property: $17.83 million versus the three-analyst common estimate of $18.94 million.
  • Complete Noninterest Revenue: $53.29 million versus the three-analyst common estimate of $50.20 million.
  • Internet Curiosity Revenue: $156.71 million versus $154.63 million estimated by three analysts on common.
  • Financial institution-owned life insurance coverage: $4.50 million versus the two-analyst common estimate of $2.37 million.
  • Internet Curiosity Revenue (FTE): $157.80 million versus $155.36 million estimated by two analysts on common.
  • Different service expenses and costs: $11.79 million in comparison with the $10.33 million common estimate based mostly on two analysts.
  • Noninterest income- Different: $2.60 million versus the two-analyst common estimate of $3.20 million.

View all Key Company Metrics for First Hawaiian here>>>

Shares of First Hawaiian have returned +3.8% over the previous month versus the Zacks S&P 500 composite’s +1.4% change. The inventory at present has a Zacks Rank #3 (Maintain), indicating that it might carry out according to the broader market within the close to time period.

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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.

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