First Hawaiian reported second-quarter revenue of $231.27 million, a 6.3% increase from a year ago, while earnings per share came in at $0.60, unchanged from the consensus estimate. The revenue figure exceeded the Zacks Consensus Estimate of $227.91 million by 1.48%. Net interest margin was 3.3%, slightly above the 3.2% analyst forecast, and total noninterest income reached $60.28 million, surpassing the $54.58 million estimate. The efficiency ratio stood at 56.2%, just above the 56.1% projection, while average earning assets of $21.19 billion fell short of the $21.45 billion estimate. The company holds a Zacks Rank of 1, indicating a Strong Buy.
First Hawaiian IncRevenue beat estimates and EPS matched consensus, with net interest margin slightly above forecast.