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FHB

First Hawaiian, Inc.

FHB

First Hawaiian, Inc. • NASDAQ
$24.92 ▼ -0.99% (-0.25)
Market Cap $3.08 B
52w High $28.28
52w Low $20.32
Dividend Yield 1.04%
P/E 12.16
Volume 547.04K
Outstanding Shares 123.72M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $290.941M ▲ $117.05M ▲ $73.84M ▲ 25.38% ▼ $0.59 ▲ $104.002M ▲
Q2-2025 $282.291M ▲ $116.533M ▲ $73.247M ▲ 25.947% ▲ $0.58 ▲ $97.467M ▲
Q1-2025 $277.708M ▲ $115.641M ▼ $59.248M ▲ 21.335% ▲ $0.47 ▲ $85.348M ▲
Q4-2024 $261.612M ▼ $116.217M ▼ $52.496M ▼ 20.066% ▼ $0.41 ▼ $74.178M ▼
Q3-2024 $294.606M $117.469M $61.492M 20.873% $0.48 $86.283M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $249.563M ▼ $24.099B ▲ $21.365B ▲ $2.734B ▲
Q2-2025 $1.48B ▲ $23.837B ▲ $21.143B ▲ $2.695B ▲
Q1-2025 $1.315B ▲ $23.745B ▼ $21.096B ▼ $2.649B ▲
Q4-2024 $1.178B ▼ $23.828B ▲ $21.211B ▲ $2.617B ▼
Q3-2024 $3.129B $23.78B $21.132B $2.648B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $73.84M ▲ $57.085M ▼ $207.604M ▲ $191.919M ▲ $456.608M ▲ $49.516M ▼
Q2-2025 $73.247M ▲ $136.373M ▲ $-8.545M ▼ $-43.372M ▲ $84.456M ▼ $125.163M ▲
Q1-2025 $59.248M ▲ $36.717M ▼ $275.937M ▲ $-168.265M ▼ $144.389M ▲ $28.617M ▼
Q4-2024 $52.496M ▼ $113.825M ▲ $-37.843M ▼ $21.396M ▲ $97.378M ▲ $102.47M ▲
Q3-2024 $61.492M $58.875M $273.417M $-374.239M $-41.947M $52.304M

Revenue by Products

Product Q4-2024Q1-2025Q2-2025Q3-2025
Credit and Debit Card
Credit and Debit Card
 $30.00M ▲$10.00M ▼$20.00M ▲$20.00M ▲
Deposit Account
Deposit Account
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Fiduciary and Trust
Fiduciary and Trust
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲
Financial Service Other
Financial Service Other
 $20.00M ▲$10.00M ▼$10.00M ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has grown steadily over the last few years, showing that the franchise continues to attract and retain business. However, profits have not kept pace with that growth. Earnings are roughly flat compared with a couple of years ago, and per‑share profit is slightly lower than its recent peak. That suggests rising costs, narrower lending spreads, or higher credit costs are pressuring margins. Overall, this looks like a mature, fairly stable earnings profile with modest growth and some profitability pressure rather than a high-growth story.

Balance Sheet

Balance Sheet The balance sheet looks conservative and steady. Total assets have hovered in a tight range, indicating a relatively stable loan and deposit base. Cash levels have moved around but remain meaningful, and debt is modest relative to the size of the bank, pointing to restrained use of borrowing. Equity has edged higher after a dip, suggesting the bank is gradually rebuilding capital through retained earnings. In plain terms, the balance sheet reads as cautious and well-capitalized rather than aggressively leveraged.

Cash Flow

Cash Flow Cash generation from the core business has been consistently positive, even through more challenging years. Free cash flow tracks operating cash flow closely because the bank’s spending on physical investments is relatively small. This pattern signals a business that reliably turns its operations into cash and doesn’t require heavy ongoing investment to keep running. The trade-off is that big growth spurts are unlikely, but the underlying cash profile appears solid and predictable.

Competitive Edge

Competitive Edge First Hawaiian operates from a position of strength in a very specific geography. It is the long-established, leading bank in Hawaii with deep community ties, strong brand recognition, and a large share of local deposits. The island market structure tends to produce sticky, low-cost funding and loyal customers, which are valuable advantages. At the same time, the bank is heavily exposed to the Hawaiian economy, especially tourism and government, so local shocks can have an outsized impact. Competition from large mainland banks and digital-only players is also a constant background threat, but its local relationships and dense branch network still provide a meaningful moat.

Innovation and R&D

Innovation and R&D For a regional bank, First Hawaiian appears relatively active on the innovation front. It has revamped its digital banking experience, added modern money-movement tools, and integrated appointment scheduling to link online and in‑branch interactions. The bank is using artificial intelligence to speed up credit decisions and partnering with fintech firms to upgrade mobile banking, commercial pricing tools, and fraud management. These efforts aim to improve customer experience, lower costs, and deepen relationships rather than chase flashy new products. The main risks are execution and keeping pace with rapid technology change, but the direction of travel is clearly toward a more digital, data-driven bank.

Summary

Overall, First Hawaiian looks like a stable, relationship-focused regional bank with a strong home-market franchise. Revenues have trended upward, but profitability has faced some pressure, reflecting the tougher operating environment for banks in recent years. The balance sheet appears conservative, with prudent leverage and steady capital, and cash flows from operations are consistently positive. Its entrenched position in Hawaii is a key strength, though it also concentrates risk in a relatively small, tourism-sensitive economy. On the strategic side, the bank is actively modernizing its technology and digital capabilities to protect and gradually grow its franchise rather than transform its business model. Future performance will hinge on how well it manages credit quality, funding costs, and the continued rollout of its digital and efficiency initiatives in the context of Hawaii’s economic health and interest rate conditions.

NEWS

October 3, 2025 · 4:00 PM UTC

First Hawaiian to Report Third Quarter 2025 Financial Results on October 24, 2025

Read more