Latest news with #FirstHawaiianBank
Yahoo
4 days ago
- Business
- Yahoo
Why First Hawaiian Bank (FHB) Stock Is Up Today
What Happened? Shares of hawaiian banking company First Hawaiian (NASDAQ:FHB) jumped 3.3% in the pre-market session after the company reported strong second-quarter financial results that surpassed Wall Street's expectations for both earnings and revenue. The Honolulu-based bank posted a net income of $73.2 million, or $0.58 per share, which comfortably beat the average analyst estimate of $0.49 per share. Revenue for the period also topped forecasts. This performance was driven by a rise in net interest income to $163.6 million, supported by an expanded net interest margin of 3.11%. The bank also saw growth in noninterest income and improved its efficiency ratio, indicating solid operational management. Further boosting investor confidence, the company declared a quarterly dividend of $0.26 per share and revealed it had repurchased 1.04 million shares. After the initial pop the shares cooled down to $25.32, up 0.6% from previous close. Is now the time to buy First Hawaiian Bank? Access our full analysis report here, it's free. What Is The Market Telling Us First Hawaiian Bank's shares are not very volatile and have only had 5 moves greater than 5% over the last year. In that context, today's move indicates the market considers this news meaningful, although it might not be something that would fundamentally change its perception of the business. First Hawaiian Bank is down 1% since the beginning of the year, and at $25.32 per share, it is trading 10.5% below its 52-week high of $28.30 from November 2024. Investors who bought $1,000 worth of First Hawaiian Bank's shares 5 years ago would now be looking at an investment worth $1,498. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
Yahoo
5 days ago
- Business
- Yahoo
First Hawaiian Bank (FHB) Q2 Earnings: What To Expect
Hawaiian banking company First Hawaiian (NASDAQ:FHB) will be reporting results this Friday before market hours. Here's what investors should know. First Hawaiian Bank beat analysts' revenue expectations by 0.6% last quarter, reporting revenues of $211 million, up 2.5% year on year. It was a mixed quarter for the company, with a narrow beat of analysts' net interest income estimates but EPS in line with analysts' estimates. Is First Hawaiian Bank a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting First Hawaiian Bank's revenue to grow 4.1% year on year to $213 million, a reversal from the 1.3% decrease it recorded in the same quarter last year. Adjusted earnings are expected to come in at $0.49 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. First Hawaiian Bank has only missed Wall Street's revenue estimates once over the last two years, exceeding top-line expectations by 4.6% on average. Looking at First Hawaiian Bank's peers in the regional banks segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Popular delivered year-on-year revenue growth of 8.9%, beating analysts' expectations by 3.5%, and City Holding reported revenues up 6.3%, topping estimates by 3%. City Holding traded up 7.5% following the results. Read our full analysis of Popular's results here and City Holding's results here. There has been positive sentiment among investors in the regional banks segment, with share prices up 7.3% on average over the last month. First Hawaiian Bank is up 1.2% during the same time and is heading into earnings with an average analyst price target of $25.93 (compared to the current share price of $24.76). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
18-04-2025
- Sport
- Yahoo
It's the oldest of its kind in the U.S., and it's located in Hawaiʻi: 6 things to know
HONOLULU (KHON2) — Hawaiʻi is home to many things that are the oldest, rarest and only in existence in the United States. On a warm April morning in Makiki, dozens of baseball fans, historians and city leaders gathered to celebrate a piece of American sports history that many people don't know has deep roots in Hawaiʻi. At Cartwright Neighborhood Park, the sound of cheers and the crack of a bat rang out not just for a game, but for a legend. April 17 marked the 205th birthday of Alexander Joy Cartwright Jr., a man many call the 'father of modern baseball'. It was also the day the City and County of Honolulu recognized Cartwright Neighborhood Park as the oldest active baseball field in the United States. Mayor Rick Blangiardi threw the ceremonial first pitch and unveiled a new sign that proudly explained to the world what local fans have known for generations. Baseball has deep roots in Hawaiʻi. 'Alexander Joy Cartwright is a national treasure,' Mayor Blangiardi said. 'It is only fitting that this park bearing his name be forever recognized as the birthplace of baseball as we know it.' Back in 1852, Cartwright helped lay out a baseball field on a parcel of land in Makiki. That field introduced many of the basic rules and layout we still use today. There's a diamond-shaped field, 90-foot base paths, nine-player teams and nine-inning games. That same field, which is now known as Cartwright Field, is still active 173 years later. Athletes of all ages play there and have made it a historic and living part of the community. Cartwright wasn't just a sports pioneer. He was also a leader in Hawaiian civic life. He served as the first fire chief of Honolulu, served as a trustee at Queen's Hospital, advised Hawaiian royalty like Queen Emma and King David Kalākaua and helped found several major institutions that included what is now First Hawaiian Bank. His story connects two worlds: the history of baseball in America and the rich cultural and political life of Hawaiʻi in the near the pitcher's mound was Anna Cartwright, Cartwright's great-great-granddaughter. Her voice was filled with pride and emotion as she honored her kūpuna and the connection her family still feels to this land. 'On behalf of my entire family and our beloved kūpuna, it is a profound honor to witness this historic moment,' she said. 'This tribute to my great-great-grandfather and the field he laid out 173 years ago reflects not only a significant chapter in baseball history, but also the enduring connection our family shares with this ʻāina and the community.' She reminded the crowd that baseball in Hawaiʻi is more than just a game. It's about camaraderie, sportsmanship and joy. And those values are still alive at Cartwright Park today. The celebration was a celebration of our unique history in Hawaii . It was also about the people who are keeping the field vibrant today. Mayor Blangiardi honored several groups and individuals for their hard work. These includied the Friends of Alexander Joy Cartwright, Jr., the Honolulu Fire Department and Mālama Kīpuka Hawai'i which is a local organization that helps maintain and improve the park. Their work includes cleaning the grounds, upgrading the field, creating murals and installing signs that teach visitors about Cartwright's legacy. It's part of their kuleana, or responsibility, to care for the spaces that bring people together. 'Sports and recreation are essential to the well-being of our communities,' Blangiardi said. 'Cartwright Park continues to serve as a living tribute to Cartwright's extraordinary legacy and the enduring spirit of baseball in Hawai'i.' Even though Cartwright died in 1892, his spirit lives on. At Oʻahu Cemetery, fans still leave baseballs, gloves and hoʻokupu (gifts of respect) at his grave. It's a reminder of how deeply he's remembered, not just for what he did for baseball, but for what he gave to Hawaiʻi. This year, Mayor Blangiardi made it official: April 17 is now Alexander Joy Cartwright Jr. Day in Honolulu. Get news on the go with KHON 2GO, KHON's morning podcast, every morning at 8 So, the next time you hear 'play ball!' in Makiki, know that you're standing on the grass and dirt that are part of long legacy. You're standing on history, a history where key elements of modern baseball were shaped. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
21-03-2025
- Business
- Yahoo
Brunchfest is back now with a Harajuku themed activity
HONOLULU (KHON2) — HONOLULU Magazine, First Hawaiian Bank and Mastercard are proud to present BrunchFest, the exciting kickoff event of the Hale 'Aina Series. This highly anticipated brunch celebration will take place on Sunday, March 23, at the Ho'okupu Center, bringing together Hawai'i's top breakfast and brunch destinations. Ciao meets aloha with Festa Italiana 2025 'We're excited to have First Hawaiian Bank and Mastercard as our partners again to elevate our local chefs and restaurants through the Hale 'Aina Series, kicking off with the popular BrunchFest,' said Donna Kodama-Yee, publisher of HONOLULU Magazine. 'The Hale 'Aina series is all about honoring our restaurant industry and showcasing what makes island dining one-of-a-kind.' Is it safe for foreign tourists to visit Hawaiʻi? 15 facts to know This year's BrunchFest embraces a vibrant 'Harajuku' theme, offering attendees a relaxed Sunday Funday atmosphere with delicious sweet and savory bites, bottomless Bloody Marys and mimosas, live entertainment, and more. Participating restaurants include Egghead Cafe serving Taiwanese green onion pancakes; Hoku's at the Kāhala, offering their signature thin pancake; Over Easy; and many other beloved local establishments. Download the free KHON2 app for iOS or Android to stay informed on the latest news BrunchFest kicks off a series of culinary events, which will continue with the popular Rosé Soirée in May and culminate with the First Hawaiian Bank and Mastercard Hale 'Aina Gala in September. 'This partnership with HONOLULU Magazine provides First Hawaiian Bank debit and credit cardholders a fantastic opportunity to get exclusive early access and discounts to premier culinary experiences like BrunchFest that feature Hale 'Aina Award-winning chefs,' said Raoul Magana, Senior Vice President & Division Manager, Consumer Products Division of First Hawaiian Bank. BrunchFest tickets are available at and First Hawaiian Bank credit and debit Mastercard holders can enjoy a 20 percent discount on full-priced tickets when using their First Hawaiian Bank debit or credit cards. Check out more news from around Hawaii For more than 40 years, the Hale 'Aina Awards has been the premier dining award in Hawai'i, and the new Hale 'Aina Series represents an exciting evolution of this beloved tradition. More information on BrunchFest and the entire Hale 'Aina Series can be found HERE. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
19-03-2025
- Health
- Yahoo
Mayor Blangiardi to highlight execution in address
HONOLULU (KHON2) — Honolulu Mayor Rick Blangiardi is ready to give his fifth state of the city address Tuesday night at 6:00 pm, where he is expected to focus on execution of answers to wicked problems he has laid out in past addresses. Blangiardi looks forward as State of the City, decision on landfill near 'Tonight's speech for the mayor is about the road ahead. It's about execution as opposed to policy. Obviously, there's a lot of policy in there, but the mayor is focused on getting stuff done in four years, and I think that will be the overarching theme of the story he tells tonight,' Chief of Staff Andy Sugg said. One of the problems the mayor has been focused on is homelessness, with a multiple pronged effort to combat the epidemic on Oahu.'We meet every week with city, state, service providers, all on the problem of homelessness,' Sugg said. 'We just opened a cohort in Iwilei Center, very new age kind of thing, cutting edge, could be a national model. There's gonna be three more cohorts, so a hundred beds in that property alone. We have our our Aaala Respite over right in the old First Hawaiian Bank across from the park, which is a medical respite, which has been a huge success. Doctor Scott Miskovich and his Premier Medical Group are doing a great job. So as as our director of community community services, Anton Krucky, says all the time, beds of many flavors. So there's not just one approach to homelessness. We're tackling in a lot on a lot of different fronts. We have a lot of doctors in the room with us every week when we talk about homelessness, and we are we're doing it in a compassionate but aggressive way. Aggressive as it relates to folks who are on the streets doing bad things and committing crimes.' State House passes bill to limit risk of cryptocurrency scams The city is also working on merging departments of housing and land management into the department of housing and land management. 'More units, more affordable units. We're asking developers to get involved. We have a number of properties that we are taking proposals on now that are city owned properties that have been sitting vacant for years sometimes. And what we are developers to do is to work with us. We have a great partnership with the developers on the island. And what we wanna do is activate more affordable housing units because we know out migration, the mayor talks about it all the time, is one of the biggest issues we face here on Oahu.' Sugg said. Some city councilmembers have been advocating against the proposed new landfill site in central Oahu because of its proximity to an aquifer. 'We feel very, very comfortable in the in the way that we went about choosing the new landfill site, and I think the I think the mayor will reiterate that this evening.' Sugg said. Download the free KHON2 app for iOS or Android to stay informed on the latest news The address airs Tuesday night at 6 p.m. on KHII and Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
