First Hawaiian (FHB) Tops Q3 EPS by 1c

First Hawaiian (NASDAQ: FHB) reported Q3 EPS of $0.52, $0.01 better than the analyst estimate of $0.51.

• Net income of $67.4 million, or $0.50 per diluted share, and core net income1 of $70.8 million, or $0.52 per diluted share
• 1.31% return on average total assets and 1.45% core return on average tangible assets1
• 11.01% return on average total stockholders’ equity and 19.61% core return on average tangible stockholders’ equity1
• BNP Paribas (“BNPP”) completed two offerings of our common stock, and First Hawaiian repurchased 1.8 million shares at a total cost of $50 million, reducing BNPP’s ownership from 48.8% to 18.4%
• The number of BNPP-nominated directors decreased from five to two, resulting in a majority of independent directors on the Board
• The Board of Directors declared a dividend of $0.24 per share

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

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