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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