First Hawaiian, Inc.
- Open
- 29.31
- Day high
- 29.36
- Day low
- 28.81
- Prev close
- 29.29
- Volume
- 2.2M
- Mkt cap
- $3.5B
- P/E (TTM)
- 12.6
- EPS (TTM)
- $2.29
- P/B
- 1.3
- P/S
- 3.1
- Yield
- 3.60%
- Per share
- $1.04
First Hawaiian, Inc. (FHB) is a Financial Services company listed on NASDAQ. The stock is up 14% over the past year.
First Hawaiian, Inc. (FHB) financials & analyst ratings
Fundamentals (TTM)
Analyst consensus · 7 analysts
Source: exchange market data + company filings. Figures are trailing-twelve-month or as most recently reported. For informational purposes only — not investment advice.
FHB earnings date, history & EPS estimates
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| Apr 24, 2026 | $0.53 | $0.55 | +3.8% | $220M | -0.3% |
| Jan 30, 2026 | $0.55 | $0.56 | +1.8% | $292M | +31.9% |
| Oct 24, 2025 | $0.52 | $0.59 | +13.0% | $218M | -0.3% |
| Jul 25, 2025 | $0.49 | $0.58 | +18.4% | $209M | -4.2% |
| Apr 23, 2025 | $0.46 | $0.47 | +2.2% | $203M | -5.3% |
| Jan 31, 2025 | $0.40 | $0.41 | +2.5% | $180M | -11.3% |
| Oct 25, 2024 | $0.44 | $0.48 | +9.1% | $201M | -1.8% |
| Jul 26, 2024 | $0.43 | $0.48 | +11.6% | $196M | -3.7% |
| Apr 26, 2024 | $0.42 | $0.42 | +0.0% | $197M | -3.2% |
| Jan 26, 2024 | $0.44 | $0.37 | -15.9% | $203M | +0.8% |
| Oct 27, 2023 | $0.43 | $0.46 | +7.0% | $195M | -2.5% |
| Jul 28, 2023 | $0.50 | $0.49 | -2.0% | $200M | -6.2% |
FHB insider trading activity (SEC Form 4)
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Apr 24, 2026 | Fujimoto Michael Kdirector | Grant | 2,613 | — |
| Apr 24, 2026 | Freas Tertia M.director | Grant | 2,613 | — |
| Apr 24, 2026 | Wo Craig Scottdirector | Grant | 2,613 | — |
| Apr 24, 2026 | Moffatt Jimdirector | Grant | 2,613 | — |
| Apr 24, 2026 | Mugiishi Mark Mdirector | Grant | 2,613 | — |
| Apr 24, 2026 | WASHINGTON VANESSA Ldirector | Grant | 2,613 | — |
| Apr 24, 2026 | Thompson Kelly Anndirector | Grant | 2,613 | — |
| Mar 2, 2026 | Blakeney Darlene N.officer: EVP & CHIEF LENDING OFFICER | Tax | 579 | $24.76 |
| Mar 2, 2026 | Arizumi Alanofficer: VICE CHAIR | Tax | 112 | $25.89 |
| Mar 2, 2026 | Harrison Robert Sdirector, officer: CHAIRMAN, PRESIDENT AND CEO | Tax | 6,549 | $25.89 |
| Mar 2, 2026 | Char Neillofficer: VICE CHAIR | Tax | 621 | $24.76 |
| Mar 2, 2026 | Anonuevo Gina O. W.officer: VICE CH & CHIEF ADMIN OFCR | Tax | 607 | $25.89 |
| Mar 2, 2026 | Char Neillofficer: VICE CHAIR | Tax | 1,012 | $25.89 |
| Mar 2, 2026 | Arizumi Alanofficer: VICE CHAIR | Tax | 621 | $24.76 |
| Mar 2, 2026 | Nakamura Lea M.officer: EVP & CHIEF RISK OFFICER | Tax | 719 | $25.89 |
Source: FHB SEC Form 4 filings, latest Apr 24, 2026. For informational purposes only — not investment advice.
See the full FHB insider & 13F page →First Hawaiian, Inc. company profile
Overview
First Hawaiian, Inc. (NASDAQ:FHB) is a regional bank holding company founded in 1858 and headquartered in Honolulu, Hawaii. Originally known as BancWest Corporation, the company changed its name to First Hawaiian, Inc. in April 2016 when it went public. As Hawaii's oldest and largest bank, First Hawaiian operates through its subsidiary First Hawaiian Bank, serving consumer and commercial customers across Hawaii and the Western Pacific region with 54 branches including 49 in Hawaii, 3 in Guam, and 2 in Saipan.
Business
First Hawaiian operates as a traditional regional bank providing comprehensive banking services through three main business segments. The Retail Banking segment focuses on individual consumers and small businesses, offering checking and savings accounts, residential mortgages, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, and credit card services. This segment also provides individual investment and financial planning services, insurance protection, and trust and estate services. The Commercial Banking segment serves medium to large businesses, providing commercial real estate loans, commercial and industrial (C&I) loans, commercial lease financing, auto dealer financing, and treasury services. A significant portion of this segment includes dealer floor plan financing, which provides inventory financing to automobile dealerships. The Treasury and Other segment manages the bank's investment portfolio, funding operations, and asset-liability management. Banking operates on the fundamental principle of taking deposits from customers and lending those funds to borrowers at higher interest rates. Regional banks like First Hawaiian typically focus on their local geographic markets, building relationships with businesses and consumers in their communities. The bank's loan portfolio includes approximately 30% commercial real estate loans, with the remainder split between C&I loans, consumer loans, and construction loans.
Revenue model
First Hawaiian generates revenue primarily through net interest income - the difference between interest earned on loans and investments and interest paid on deposits and borrowings. The bank's net interest margin has been around 3.0-3.2% in recent quarters, meaning for every dollar of interest-earning assets, the bank generates approximately 3 cents of net interest income annually. The bank also earns noninterest income from fees including merchant processing, trust services, investment management, and various banking fees. The bank's profitability is influenced by several key factors. Interest rate environment significantly impacts margins - rising rates generally benefit banks as loan rates adjust faster than deposit costs, while falling rates can compress margins. Credit quality affects profitability through loan loss provisions and charge-offs. Deposit costs are crucial, as First Hawaiian has maintained relatively low deposit costs around 1.7%, providing competitive advantage. The bank's geographic concentration in Hawaii creates both opportunities and risks - the stable Hawaiian economy with low unemployment (around 3%) supports credit quality, but economic dependence on tourism creates vulnerability to travel disruptions. Competition from mainland banks offering aggressive pricing on commercial loans has impacted some loan growth, while the bank's strong local relationships help retain deposits and customers.
Competitive moat
First Hawaiian's competitive moat stems primarily from its dominant market position in Hawaii as the state's oldest and largest bank, with deep community relationships built over 165+ years. The bank benefits from significant geographic barriers to entry - Hawaii's isolated location and unique market dynamics make it difficult for mainland competitors to establish meaningful physical presence and local relationships. The bank's extensive branch network of 49 locations across the Hawaiian islands provides convenient access for customers in a market where personal relationships and local presence remain important. However, this moat has notable limitations. The bank faces increasing competition from mainland banks offering aggressive pricing on commercial loans, particularly in syndicated deals and dealer floor plan financing. Digital banking and fintech companies can potentially erode the geographic advantage by offering competitive rates and services without physical presence. The bank's concentration risk in Hawaii's tourism-dependent economy creates vulnerability during economic downturns or travel disruptions. Additionally, the relatively small market size limits growth opportunities compared to banks in larger metropolitan areas. While First Hawaiian maintains strong local relationships and market knowledge, the moat is moderate rather than exceptionally strong, requiring continuous investment in technology and customer service to maintain competitive position.
Risks & safety
First Hawaiian demonstrates solid financial stability with moderate margin of safety considerations: • Capital Position: Well-capitalized with CET1 ratio of approximately 12.4%, well above regulatory minimums, providing substantial buffer for credit losses • Liquidity: Strong liquidity position with over $1 billion in cash and short-term investments, plus access to funding markets and Federal Reserve facilities • Credit Quality: Excellent credit metrics with net charge-offs around 10-11 basis points, well below industry averages, and manageable classified assets • Debt Level: Low debt-to-equity ratio around 9-10%, indicating conservative leverage • Valuation Metrics: Trading at P/E ratio of approximately 13-15x, P/B ratio around 1.1-1.3x, suggesting reasonable but not deeply discounted valuation • Profitability: ROE around 8-9%, ROA around 1%, indicating solid but not exceptional profitability • Dividend Coverage: Well-covered dividend with payout ratio allowing for capital retention and growth investment The main risk factors include geographic concentration in Hawaii's tourism-dependent economy and potential margin pressure from interest rate changes.
Recent development
Over the past few years, First Hawaiian has executed several strategic initiatives to strengthen its competitive position. The bank completed a core system conversion to modernize its technology infrastructure and improve digital capabilities. In late 2024, management executed a significant investment portfolio restructuring, selling $290 million in low-yielding securities and reinvesting in higher-yielding assets, increasing the portfolio yield by 309 basis points and expecting to add $8.6 million in annual net interest income. The bank has focused on relationship-based deposit growth, successfully growing both retail and commercial deposits while maintaining relatively low deposit costs. Management has emphasized commercial lending opportunities, particularly in dealer floor plan financing, commercial real estate, and C&I loans to Hawaiian companies. The bank resumed share repurchase programs, repurchasing $25 million in Q1 2025 with $75 million remaining in authorization, and received approval for an additional $100 million repurchase program. First Hawaiian has also invested in digital transformation and customer experience improvements while maintaining its community banking approach. The bank established the First Hawaiian Foundation with a $1 million contribution, reinforcing its community commitment. Management has maintained disciplined credit underwriting standards while selectively pursuing growth opportunities in its core Hawaiian market, with loan growth targets in the low to mid-single digit range.
FHB company profile · for informational purposes only — not investment advice.
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