First Hawaiian Inc (FHB)

First Hawaiian Shares Drop on Revenue Miss Despite Earnings BeatApril 24, 2026 10:16 AM
IH Market News
Shares of First Hawaiian Inc. (NASDAQ:FHB) fell around 4% in premarket trading on Friday after the bank reported first-quarter results that exceeded earnings expectations but missed on revenue.



Earnings Beat, Revenue Falls Short



The Hawaii-based lender posted adjusted earnings per share of $0.55, slightly above the $0.54 consensus estimate.Revenue came in at $220.35 million, below analyst forecasts of $221.04 million, though still up from $211 million in the same quarter last year.Net income reached $67.8 million for the quarter ended March 31, 2026, compared with $59.2 million a year earlier.



Margins and Income Trends



Net interest margin narrowed by 2 basis points to 3.19%, down from 3.21% in the prior quarter.Net interest income declined by $2.8 million to $167.5 million, while the provision for credit losses decreased to $5 million from $7.7 million in the fourth quarter of 2025.“I’m pleased to report that First Hawaiian started 2026 with a strong first quarter,” said Bob Harrison. “We had good growth in loans and deposits, and credit quality remained excellent.”



Loan and Deposit Growth



Total loans and leases increased by $128.3 million to $14.4 billion during the quarter.Deposits rose by $261.7 million to $20.8 billion, reflecting continued balance sheet expansion.



Expenses and Capital Return



Noninterest income declined by $2.7 million to $52.8 million compared with the previous quarter, while noninterest expenses increased by $2.8 million to $127.9 million.The board declared a quarterly dividend of $0.26 per share, payable on May 29, 2026.First Hawaiian also repurchased approximately 1.3 million shares during the quarter for a total of $32 million, at an average price of $24.47 per share.First Hawaiian stock price

Original: First Hawaiian Shares Drop on Revenue Miss Despite Earnings Beat

Lets go First Hawaiian!!