First Hawaiian Beats Q1 EPS by 3%, Revenue Rises 4.4% to $220.35M
First Hawaiian reported EPS of $0.55, beating the $0.53 consensus by 3% for the fourth consecutive quarter. Revenue rose 4.4% year-over-year to $220.35 million, and the board declared a $0.26 per share dividend on strong loan and deposit growth.
1. Q1 EPS Performance
First Hawaiian delivered EPS of $0.55 in Q1, surpassing the $0.53 consensus by over 3%. This extends the company's streak of EPS beats to four consecutive quarters, up from $0.47 in the same period last year.
2. Revenue Growth
Revenue climbed 4.4% year-over-year to $220.35 million, narrowly missing the $220.90 million estimate. Growth was supported by increased net interest income and higher average loan balances.
3. Dividend and Balance Sheet Strength
The board declared a $0.26 per share quarterly dividend, underscoring solid capital generation. Loan and deposit balances expanded, with credit quality remaining strong across Hawai'i, Guam and Saipan.