First Hawaiian Beats Q2 Earnings and Revenue Estimates

First Hawaiian (NASDAQ: FHB) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this bank holding company would post earnings of $0.42 per share when it actually produced earnings of $0.42, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

First Hawaiian, which belongs to the Zacks Banks – West industry, posted revenues of $204.62 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.83%. This compares to year-ago revenues of $207.29 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

First Hawaiian shares have added about …

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