FIRST HAWAIIAN, INC. (FHB) reported earnings for its fourth quarter that increased from last year in line with the Street estimates.
The company's earnings totaled $52.496 million, or $0.41 per share. This compares with $47.502 million, or $0.37 per share, last year.
Analysts on average had expected the company to earn $0.41 per share. Analysts' estimates typically exclude special items.
FIRST HAWAIIAN, INC. earnings at a glance (GAAP) :
-Earnings: $52.496 Mln. vs. $47.502 Mln. last year.
-EPS: $0.41 vs. $0.37 last year.
For the fourth quarter, the company reported a net interest income of $158.753 million, higher than $151.793 million recorded for the same period last year. Non-interest income slipped to $29.376 million from the prior year’s $58.347 million.
On January 29, the Board declared a quarterly cash dividend of $0.26 per share. The dividend will be paid on February 28 to stockholders of record as of February 14. In addition, the Board adopted a share repurchase program to buy back up to $100 million of shares in 2025.
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