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- NasdaqGS:FHB
First Hawaiian Second Quarter 2024 Earnings: EPS Beats Expectations, Revenues Lag
First Hawaiian (NASDAQ:FHB) Second Quarter 2024 Results
Key Financial Results
- Revenue: US$202.8m (flat on 2Q 2023).
- Net income: US$61.9m (flat on 2Q 2023).
- Profit margin: 31% (in line with 2Q 2023).
- EPS: US$0.48 (down from US$0.49 in 2Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
First Hawaiian EPS Beats Expectations, Revenues Fall Short
Revenue missed analyst estimates by 25%. Earnings per share (EPS) exceeded analyst estimates by 12%.
Looking ahead, revenue is expected to decline by 5.4% p.a. on average during the next 3 years, while revenues in the Banks industry in the US are expected to grow by 6.3%.
Performance of the American Banks industry.
The company's shares are down 8.5% from a week ago.
Risk Analysis
It is worth noting though that we have found 1 warning sign for First Hawaiian that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
About NasdaqGS:FHB
First Hawaiian
Operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States.
Flawless balance sheet average dividend payer.