First Hawaiian, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 27, 2023 at 08:00 am
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First Hawaiian, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported net interest income was USD 157.15 million compared to USD 162.74 million a year ago. Net income was USD 58.22 million compared to USD 69.02 million a year ago. Basic earnings per share from continuing operations was USD 0.46 compared to USD 0.54 a year ago. Diluted earnings per share from continuing operations was USD 0.46 compared to USD 0.54 a year ago.
For the nine months, net interest income was USD 484.33 million compared to USD 441.76 million a year ago. Net income was USD 187.48 million compared to USD 186.1 million a year ago. Basic earnings per share from continuing operations was USD 1.47 compared to USD 1.46 a year ago. Diluted earnings per share from continuing operations was USD 1.47 compared to USD 1.45 a year ago.
First Hawaiian, Inc. is a bank holding company. The Company's principal subsidiary is First Hawaiian Bank. The Company offers a comprehensive suite of banking services to consumer and commercial customers. Its segments include Retail Banking, Commercial Banking, and Treasury and Other. The Retail Banking segment includes the financial products and services it provides to consumers and small businesses. Its loan and lease products offered include residential and commercial mortgage loans, automobile loans and leases, and small business loans and leases. Its deposit products offered include checking, savings and time deposit accounts. The Retail Banking segment also includes its wealth management services. The Commercial Banking segment includes its corporate banking related products, residential and commercial real estate loans, commercial lease financing, secured and unsecured lines of credit, automobile loans and auto dealer financing, business deposit products and credit cards.