First Hawaiian (FHB) Tops Q4 EPS by 1c

First Hawaiian (NASDAQ: FHB) reported Q4 EPS of $0.42, $0.01 better than the analyst estimate of $0.41.

Highlights

• Net income for the quarter ended December 31, 2017 and the full year 2017 was $11.7 million, or $0.08 per diluted share, and $183.7 million, or $1.32 per diluted share, respectively.
• Core net income1 for the quarter ended December 31, 2017 and the full year 2017, which primarily excludes the impact of a one-time charge to provision for income taxes of $47.6 million due to the revaluation of certain tax-related assets at the projected lower corporate tax rate resulting from the Tax Cuts and Jobs Act, was $59.2 million, or $0.42 per diluted share, and $230.4 million, or $1.65 per diluted share, respectively.
• The Board of Directors increased the quarterly dividend by 9.1% to $0.24 per share.

For earnings history and earnings-related data on First Hawaiian (FHB) click here.

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