Overview

* First Hawaiian ( FHB ) Q3 net income rises to $73.8 mln, EPS at $0.59

* Total loans and leases decreased by $222.5 mln from prior qtr

* Total deposits increased by $498.1 mln from prior qtr

Outlook

* First Hawaiian ( FHB ) did not provide specific future guidance

Result Drivers

* DEPOSIT GROWTH - Total deposits increased by $498.1 mln from the prior quarter, boosting liquidity

* LOAN DECREASE - Total loans and leases decreased by $222.5 mln, impacting asset growth

* NET INTEREST MARGIN - Net interest margin increased 8 basis points to 3.19%, enhancing interest income

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 EPS $0.59

Q3 Net $73.84

Income mln

Q3 Net $169.33

Interest mln

Income

Q3 $4.50

Credit mln

Loss

Provisio

n

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy", 5 "hold" and 5 "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for First Hawaiian Inc ( FHB ) is $26.50, about 10.7% above its October 23 closing price of $23.67

* The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 12 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)