First Hawaiian, Inc. (FHB)

First Hawaiian Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019
Period Ending	Sep 30, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Interest Income on Loans	803.87	748.05	509.82	444.49	496.52	574.01
Interest Income on Investments	177.04	175.53	153.4	104.82	86.24	104.68
Total Interest Income	980.91	923.58	663.22	549.31	582.76	678.69
Interest Paid on Deposits	339.47	258.22	49.2	13.85	35.47	87.87
Interest Paid on Borrowings	25.67	29.23	0.47	4.9	11.55	17.43
Total Interest Expense	365.13	287.45	49.67	18.75	47.03	105.29
Net Interest Income	615.78	636.13	613.55	530.56	535.73	573.4
Net Interest Income Growth (YoY)	-6.15%	3.68%	15.64%	-0.97%	-6.57%	1.25%
Trust Income	38.5	38.45	36.47	34.72	35.65	35.1
Gain (Loss) on Sale of Investments	0.79	0.79	-	0.1	-0.11	-2.72
Other Non-Interest Income	78.76	68.04	48.22	59.01	78.22	59.62
Total Non-Interest Income	214.77	200.82	179.53	184.92	197.38	192.53
Non-Interest Income Growth (YoY)	12.67%	11.86%	-2.92%	-6.31%	2.52%	7.56%
Revenues Before Loan Losses	830.55	836.94	793.07	715.48	733.11	765.94
Provision for Loan Losses	20.83	26.63	1.39	-39	121.72	13.8
Revenue	809.72	810.31	791.68	754.48	611.4	752.14
Revenue Growth (YoY)	-1.55%	2.35%	4.93%	23.40%	-18.71%	4.01%
Salaries and Employee Benefits	220.23	216.15	188.83	168.08	164.19	165.27
Occupancy Expenses	19.3	19.3	19.99	17.47	16.9	9.04
Federal Deposit Insurance	35.76	32.07	9.6	8.25	8.66	7.39
Selling, General & Administrative	144.26	139.06	133.87	119.16	108.47	108.12
Other Non-Interest Expense	99.8	94.56	88.18	89.23	69.45	80.62
Total Non-Interest Expense	519.35	501.14	440.47	402.18	367.67	370.44
EBT Excluding Unusual Items	290.37	309.17	351.21	352.3	243.72	381.7
Legal Settlements	-	-	-	-2.1	-	-
Other Unusual Items	-	-	-	-1.2	-	-
Pretax Income	290.37	309.17	351.21	349	243.72	381.7
Income Tax Expense	65.23	74.19	85.53	83.26	57.97	97.31
Net Income	225.14	234.98	265.69	265.74	185.75	284.39
Net Income to Common	225.14	234.98	265.69	265.74	185.75	284.39
Net Income Growth	-15.70%	-11.56%	-0.02%	43.06%	-34.68%	7.56%
Basic Shares Outstanding	128	128	127	129	130	133
Diluted Shares Outstanding	128	128	128	130	130	133
Shares Change (YoY)	0.28%	-0.05%	-1.20%	-0.52%	-2.37%	-2.72%
EPS (Basic)	1.76	1.84	2.08	2.06	1.43	2.14
EPS (Diluted)	1.75	1.84	2.08	2.05	1.43	2.13
EPS Growth	-16.44%	-11.54%	1.46%	43.36%	-32.86%	10.36%
Dividend Per Share	1.040	1.040	1.040	1.040	1.040	1.040
Dividend Growth	0%	0%	0%	0%	0%	8.33%
Effective Tax Rate	22.47%	24.00%	24.35%	23.86%	23.79%	25.49%

Source: S&P Capital IQ. Banks template. Financial Sources.