First Hawaiian Reports Strong Q4 Earnings, Declares Dividend

First Hawaiian Inc reported quarterly earnings of $0.41 per share for Q4 2024, surpassing analyst estimates of $0.32 and showing an increase from $0.37 a year ago. The bank also reported a net income of $52.5 million, despite facing a $26.2 million pre-tax loss from restructuring its investment portfolio to enhance future earnings potential. Total loans and leases rose by $166.9 million, reflecting a healthy growth in banking activities, while the net interest margin improved to 3.03%. The company declared a quarterly dividend of $0.26 per share and announced a stock repurchase program for up to $100 million in 2025. First Hawaiian's performance has been characterized by a consistent ability to exceed earnings estimates, bolstering investor confidence in its strategic initiatives going forward. Overall, the company's financial results indicate a strong position entering 2025, supported by a commitment to community contributions and solid operational management.