How did FHB's Q4 earnings surprise impact investor sentiment?

**First Hawaiian Bank's (FHB) Q4 earnings report did not immediately impact investor sentiment negatively**, as evidenced by the following: 1. **Earnings Release and Market Reaction**: FHB's Q4 earnings release date is scheduled for October 25, 2024. The stock showed no post-market percentage change on the day the earnings report was released, indicating a lack of negative sentiment driven by the earnings news. 2. **Stock Performance Post-Earnings**: In fact, FHB's stock exhibited a positive performance on October 28, 2024, with a percentage change of 4.13%. This uptick suggests that investors may have had a more positive reaction to the earnings report than a negative one. 3. **Earnings Call Highlights**: The Q4 earnings call highlighted several positive points, such as an increase in net interest income and net interest margin, and a stable deposit cost environment. These factors could have contributed to the positive investor sentiment observed post-earnings. 4. **Earnings Estimate Beats**: FHB had beaten earnings estimates, with a reported quarterly earnings of $0.48 per share, surpassing the Zacks Consensus Estimate of $0.44 per share. This achievement could have bolstered investor confidence, as it indicates the bank's performance exceeded market expectations. 5. **Expected Earnings Decline Concerns Alleviated**: Prior to the earnings release, there were concerns about a year-over-year decline in earnings on higher revenues. However, the actual earnings report did not reflect this concern, as the bank not only met but exceeded earnings estimates. In conclusion, FHB's Q4 earnings report did not appear to negatively impact investor sentiment. Instead, the bank's strong financial performance, including earnings beat expectations and stable deposit costs, likely contributed to a positive market reaction.