2024-01-26 15:08:05 ET
Summary
- First Hawaiian, Inc. saw a decrease in revenues in Q4, but margins appear to be stabilizing.
- The efficiency ratio of the bank worsened from the previous quarter but was a result of the margin dip and expenses.
- Despite mixed metrics, First Hawaiian, Inc. has better days ahead and offers a 5% dividend yield while you wait.
First Hawaiian, Inc. (NASDAQ: FHB ) is a regional bank stock that we buy-rated in 2023 and, as the name suggests, serves Hawaiian consumers and businesses. Like so many other regional banks, it has seen pressure on key metrics in this macro environment and also had some unique hits from the fires in Hawaii in mid-2023. Still, we like the operations here, and we like that First Hawaiian, Inc. continues to pay a nice dividend which now yields just under 5% with the rally in shares over the last few months....
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First Hawaiian: Better Days Ahead