The company did not provide specific guidance for the current quarter or full year in the press release.
The company announced the acquisition of Tri Counties Bank and kept the quarterly dividend unchanged.
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and 4 "sell" or "strong sell."
The average consensus recommendation for the banks peer group is "buy."
Wall Street's median 12-month price target for First Hawaiian Inc is $30.00, about 4.7% above its July 23 closing price of $28.65.
The stock recently traded at 12 times the next 12-month earnings versus a P/E of 11 three months ago.
Quarterly results and drivers
Hawaii bank holding company reported Q2 net income and EPS rose year-over-year.
Net interest income and noninterest income increased from the prior quarter.
Total loans and leases increased $136.5 million versus the prior quarter.
Net interest margin rose 6 basis points to 3.25% from the prior quarter.
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