FIRST HAWAIIAN, INC. FHB Income Statement

First hawaiian, inc. (FHB)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Sep'15	Jun'15
Interest income
Loans and lease financing
134,971	138,033	144,691	146,883	144,406	140,649	135,394	130,283	123,551	120,244	118,986	114,179	109,266	111,461	106,900	105,701	104,357	100,234	104,526
Available-for-sale securities
21,210	20,979	22,256	24,784	24,486	25,537	25,196	27,397	28,993	26,589	24,195	25,059	26,429	25,884	21,123	19,453	16,559	17,750	18,718
Other
2,351	3,120	3,234	2,151	3,669	1,858	3,462	1,339	2,392	1,725	2,089	781	1,226	968	1,311	1,907	2,896	1,120	1,184
Total interest income
158,532	162,132	170,181	173,818	172,561	168,044	164,052	159,019	154,936	148,558	145,270	140,019	136,921	138,313	129,334	127,061	123,812	119,104	124,428
Interest expense
Deposits
15,600	18,222	22,753	23,693	23,197	20,152	20,205	17,355	15,264	13,665	11,949	8,760	7,570	7,048	6,632	6,541	6,429	5,504	5,422
Short-term and long-term borrowings
4,249	4,291	4,347	4,512	4,275	-	2,589	261	-	7	2	5	6	15	19	93	71	50	64
Total interest expense
19,849	22,513	27,100	28,205	27,472	24,059	22,794	17,616	15,264	13,672	11,951	8,765	7,576	7,063	6,651	6,634	6,500	5,554	5,486
Net interest income
138,683	139,619	143,081	145,613	145,089	143,985	141,258	141,403	139,672	134,886	133,319	131,254	129,345	131,250	122,683	120,427	117,312	113,550	118,942
Provision for credit losses
41,200	4,250	0	3,870	5,680	5,750	4,460	6,020	5,950	5,100	4,500	4,400	4,500	3,900	2,100	1,900	700	2,550	2,250
Net interest income after provision for loan and lease losses
97,483	135,369	143,081	141,743	139,409	138,235	136,798	135,383	133,722	129,786	128,819	126,854	124,845	127,350	120,583	118,527	116,612	111,000	116,692
Noninterest income
Service charges on deposit accounts
8,950	9,041	8,554	8,123	8,060	8,427	7,933	7,721	7,955	8,259	8,929	9,238	9,381	8,633	9,575	9,395	9,789	10,441	9,992
Credit and debit card fees
14,949	16,626	16,839	16,629	16,655	16,755	16,535	16,929	15,497	15,599	16,126	16,019	16,305	23,530	14,103	13,810	13,819	13,858	13,946
Other service charges and fees
8,539	8,818	8,903	9,403	9,129	9,763	9,578	9,633	9,342	8,346	8,510	8,110	9,097	8,446	8,768	8,914	9,227	9,916	10,081
Trust and investment services income
9,591	8,855	8,698	8,931	8,618	7,895	7,487	7,711	8,231	7,949	7,672	7,526	7,338	7,204	7,508	7,323	7,405	7,372	7,496
Bank-owned life insurance
2,260	2,533	5,743	3,390	3,813	1,086	3,692	2,395	2,044	2,659	3,119	2,927	4,578	1,758	7,115	3,792	2,356	1,898	2,344
Investment securities gains (losses), net
85	-123	0	21	-2,613	-	-	-	-	-	-	-	-	1,516	30	3	25,728	-	5,859
Other
4,854	958	1,243	2,276	3,410	13,250	2,180	5,408	5,631	11,512	5,308	6,738	4,360	6,370	1,591	3,134	5,195	8,886	2,397
Total noninterest income
49,228	46,708	49,980	48,773	47,072	33,091	47,405	49,797	48,700	54,324	49,664	50,558	51,059	57,457	48,690	46,371	73,519	56,502	52,115
Noninterest expense
Salaries and employee benefits
44,829	41,098	44,955	42,185	44,860	41,407	41,959	41,636	42,160	43,627	38,687	40,364	40,408	28,382	42,106	41,955	44,701	42,696	42,068
Contracted services and professional fees
16,055	13,724	14,649	14,303	13,645	13,005	11,478	13,005	12,287	11,481	10,834	12,388	10,308	12,221	10,430	9,939	12,755	10,964	10,902
Occupancy
7,243	7,231	7,250	7,286	6,986	7,181	6,757	6,908	6,484	6,103	6,238	5,435	5,709	6,615	4,870	4,809	5,312	4,077	5,465
Equipment
4,708	4,491	4,024	4,544	4,284	4,610	4,181	4,335	4,588	4,349	4,174	4,527	4,197	4,777	4,192	4,116	3,827	3,885	3,635
Regulatory assessment and fees
1,946	1,802	1,992	2,149	1,447	2,053	3,966	4,225	3,973	3,715	3,668	3,750	3,774	4,103	3,546	2,846	2,477	2,404	2,387
Advertising and marketing
1,823	1,307	1,647	1,980	1,966	1,674	1,060	1,115	951	945	2,005	1,222	2,028	1,309	1,769	1,425	1,624	1,199	1,490
Card rewards program
7,015	8,635	6,930	7,664	6,732	6,978	5,805	6,359	5,718	6,256	5,438	5,894	5,775	11,716	4,512	2,729	3,502	3,503	4,831
Other
12,847	12,760	12,019	13,179	12,703	12,433	17,941	14,282	14,426	13,383	13,740	13,349	13,792	21,816	11,379	10,654	10,866	10,649	10,437
Total noninterest expense
96,466	91,058	93,466	93,290	92,623	89,354	93,147	91,865	90,587	89,850	84,784	86,929	85,991	90,939	82,804	78,473	85,064	79,377	81,215
Income before provision for income taxes
50,245	91,019	99,595	97,226	93,858	81,972	91,056	93,315	91,835	94,260	93,699	90,483	89,913	93,868	86,469	86,425	105,067	88,125	87,592
Provision for income taxes
11,380	23,183	25,396	24,793	23,934	21,977	23,668	24,262	23,877	82,576	35,336	33,588	33,173	37,316	33,234	31,565	39,536	33,236	33,034
Net income (loss)
38,865	67,836	74,199	72,433	69,924	59,995	67,388	69,053	67,958	11,684	58,363	56,895	56,740	56,552	53,235	54,860	65,531	54,889	54,558
Basic earnings per share (in dollars per share)
0.30	0.52	0.56	0.54	0.52	0.44	0.50	0.50	0.49	0.08	0.42	0.41	0.41	0.41	0.38	0.39	0.47	0.39	0.39
Diluted earnings per share (in dollars per share)
0.30	0.51	0.56	0.54	0.52	0.44	0.50	0.50	0.49	0.08	0.42	0.41	0.41	0.41	0.38	0.39	0.47	0.39	0.39
Dividends declared per share (in dollars per share)
-	-	-	-	-	-	-	-	-	-	0.22	0.22	0.22	-	0.20	0.22	-	-	-
Basic weighted-average outstanding shares (in shares)
129,895	130,422	132,583	134,420	134,879	134,806	135,466	137,907	139,600	139,592	139,556	139,546	139,545	139,531	139,500	139,459	139,459	-	-
Diluted weighted-average outstanding shares (in shares)
130,351	130,820	132,877	134,652	135,198	134,972	135,675	138,065	139,732	139,648	139,696	139,646	139,637	139,547	139,503	139,459	139,459	-	-
Basic and diluted weighted-average outstanding shares
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	139,459