First Hawaiian: 4Q Earnings Snapshot
HONOLULU (AP) _ First Hawaiian Inc. (FHB) on Thursday reported fourth-quarter profit of $60 million.
The Honolulu-based bank said it had earnings of 44 cents per share. Earnings, adjusted for one-time gains and costs, were 58 cents per share.
The results surpassed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 52 cents per share.
The bank holding company posted revenue of $201.1 million in the period. Its revenue net of interest expense was $177.1 million, missing Street forecasts.
For the year, the company reported profit of $264.4 million, or $1.93 per share. Revenue was reported as $745.3 million.
First Hawaiian shares have increased 11 percent since the beginning of the year. In the final minutes of trading on Thursday, shares hit $25.07, a decrease of 20 percent in the last 12 months.