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First Hawaiian, Inc.

First Hawaiian, Inc.

NASDAQ•FHB
CEO: Mr. Robert Scott Harrison
Sector: Financial Services
Industry: Banks - Regional
Listing Date: 2016-08-05
First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts. It also provides residential and commercial mortgage loans, home equity lines of credit and loans, automobile loans and leases, secured and unsecured lines of credit, installment loans, small business loans and leases, and construction lending, as well as commercial lease and auto dealer financing. In addition, the company offers wealth management, personal installment, individual investment and financial planning, insurance protection, trust and estate, private banking, investment management, retirement planning, and merchant processing services, as well as consumer and commercial credit cards. The company was formerly known as BancWest Corporation and changed its name to First Hawaiian, Inc. in April 2016. First Hawaiian, Inc. was founded in 1858 and is headquartered in Honolulu, Hawaii.
Contact Information
999 Bishop Street, 29th Floor, Honolulu, HI, 96813, United States
808-525-7000
www.fhb.com
Market Cap
$3.25B
P/E (TTM)
12.6
15.1
Dividend Yield
4.0%
52W High
$28.28
52W Low
$20.32
52W Range
74%
Rank41Top 33.6%
4.4
F-Score
Modified Piotroski Analysis
Based on 10-year fundamentals
Average • 4.4 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2015-2024

Financial Dashboard

Q3 2025 Data

Revenue

$290.94M-1.24%
4-Quarter Trend

EPS

$0.59+22.92%
4-Quarter Trend

FCF

$49.52M-5.33%
4-Quarter Trend

2025 Q3 Earnings Highlights

Key Highlights

Strong Net Interest Income Growth Nine-month NII increased 6% to $493.4M, driven by NIM expansion to 3.13% due to lower deposit funding costs.
Provisioning Increases Amid Rising NPLs Provision for credit losses rose 26% YTD to $19.5M; Non-accrual loans increased to 0.22% of total loans, up from 0.14% year-end.
Robust Capital Adequacy Maintained CET1 ratio remains strong at 13.24% as of September 30, 2025, increasing 44 basis points from December 31, 2024 levels.
Deposits Grow, Loans Contract Slightly Total deposits grew 2% to $20.7B, while total loans and leases decreased 2% to $14.1B compared to December 31, 2024.

Risk Factors

Deteriorating Loan Portfolio Quality Non-accrual loans increased 50% to $30.9M, driven largely by residential mortgage non-accruals, signaling potential future credit stress.
Interest Rate Sensitivity Profile Static forecast shows NII benefits from rising rates (+3.4% for +100 bps), but lower earning asset yields pressured the loan portfolio yield.
Hawaii Economic Concentration Risk Performance heavily dependent on Hawaii's economy, facing risks from high consumer prices, housing affordability challenges, and federal spending uncertainty.
Impact of New Tax Legislation Adoption of ASU 2023-09 and the One Big Beautiful Bill Act requires ongoing evaluation of potential impacts on deferred tax assets and operations.

Outlook

Managing Interest Rate Exposure Management utilizes simulation analysis and hedging strategies to manage sensitivity to rising/falling rates and maintain desired risk profile.
Maintaining Adequate Credit Reserves ACL remains adequate based on ongoing analysis, incorporating cyclical loss expectations and qualitative overlays for macroeconomic uncertainty.
Stable Funding and Capital Return Expect to meet obligations via dividends; core deposits remain stable (93% of total), while stock repurchase program continues at management discretion.
Adopting New Accounting Standards Evaluating impact of new FASB guidance, including ASU 2024-03 on expense disaggregation, which will affect future footnote disclosures.

Peer Comparison

Revenue (TTM)

Banco Macro S.A.BMA
$4.82B
-19.2%
BankUnited, Inc.BKU
$2.16B
+6.5%
Fulton Financial CorporationFULT
$1.90B
+11.1%

Gross Margin (Latest Quarter)

First Interstate BancSystem, Inc.FIBK
100.0%
+38.0pp
WSFS Financial CorporationWSFS
73.3%
+4.7pp
Bank of Hawaii CorporationBOH
70.5%
+10.6pp

Key Metrics

Symbol
Market Cap
P/E (TTM)
ROE (TTM)
Debt to Assets
BMA$5.82B30.46.6%7.3%
FIBK$3.70B15.17.3%2.9%
FULT$3.68B14.22.5%0.0%

Long-Term Trends

Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
3.6%
Moderate Growth
4Q Net Income CAGR
12.0%
Profitability Improving
Cash Flow Stability
100%
Strong Cash Flow

Research & Insights

Next earnings:Jan 30, 2026
|
EPS:$0.55
|
Revenue:$225.33M
Reports
All Years

  • Form 10-Q - Q3 2025

    Period End: Sep 30, 2025|Filed: Nov 3, 2025|
    Revenue: $290.94M-1.2%
    |
    EPS: $0.59+22.9%
    Beat

  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 4, 2025|
    Revenue: $282.29M-2.0%
    |
    EPS: $0.58+20.8%
    Beat

  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 5, 2025|
    Revenue: $277.71M-3.5%
    |
    EPS: $0.47+11.9%
    Meet

  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 28, 2025|
    Revenue: $1.13B+3.6%
    |
    EPS: $1.80-2.2%
    Beat

  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 4, 2024|
    Revenue: $294.61M+6.2%
    |
    EPS: $0.48+4.3%
    Beat

  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 5, 2024|
    Revenue: $287.98M+7.1%
    |
    EPS: $0.48-2.0%
    Beat

  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 6, 2024|
    Revenue: $287.82M+13.1%
    |
    EPS: $0.42-19.2%
    Meet

  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 28, 2024|
    Revenue: $1.09B+34.6%
    |
    EPS: $1.84-11.5%
    Beat