FIRST HAWAIIAN, INC. FHB

Financials SIC 6022 - State Commercial Banks NAICS Finance and Insurance › Credit Intermediation and Related Activities › Depository Credit Intermediation › Commercial Banking derived Nasdaq

First Hawaiian, Inc. ("FHI" or the "Parent"), a bank holding company, owns 100% of the outstanding common stock of First Hawaiian Bank ("FHB" or the "Bank"). References to "we," "our," "us," or the "Company" refer to the Parent and its wholly-owned subsidiary, FHB, for purposes of discussion in this Annual Report on Form 10-K.

FHI is a bank holding company incorporated in the state of Delaware and headquartered in Honolulu, Hawaii. Our wholly-owned bank subsidiary, FHB, was founded in 1858 under the name Bishop & Company and was the first successful banking partnership in the Kingdom of Hawaii and the second oldest bank formed west of the Mississippi River. As of December 31, 2025, FHB is the largest bank headquartered in Hawaii as measured by loans and leases and net income. As of December 31, 2025, we had $14.3 billion of gross loans and leases and $2.8 billion of stockholders' equity. We generated $276.3 million of net income or diluted earnings per share of $2.20 for the year ended December 31, 2025.

Last close 25.34 2026-10-23
Market cap $3.08B 2026-06-30 share count
52-week range 23.26 - 30.58

Valuation FY2025 figures against the last close

P/S3.5x
P/E11.5x
P/FCF10.2x
EV/EBITDA—
Dividend yield4.2%
Diluted EPS2.20

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $880.8M$808.5M$836.9M$793.1M$715.5M$733.1M$765.9M$745.3M$570.8M$518.5M
Interest expense $663.7M$622.7M$636.1M$613.5M$18.8M$47.0M$105.3M$79.7M$42.0M$26.8M
Pre-tax income $354.2M$292.6M$309.2M$351.2M$349.0M$243.7M$381.7M$358.2M$368.4M$371.8M
Income tax $78.0M$62.5M$74.2M$85.5M$83.3M$58.0M$97.3M$93.8M$184.7M$141.7M
Net income $276.3M$230.1M$235.0M$265.7M$265.7M$185.8M$284.4M$264.4M$183.7M$230.2M
EPS, basic 2.211.801.842.082.061.432.141.931.321.65
EPS, diluted 2.201.791.842.082.051.432.131.931.321.65
Shares, diluted (wtd. avg.) 125.5M128.3M127.9M128.0M129.5M130.2M133.4M137.1M139.7M139.5M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $1.48B$1.17B$1.74B$526.6M$1.26B$1.04B$694.0M$1.00B$1.03B$1.05B
Property, plant and equipment $303.5M$288.5M$281.5M$280.4M$318.4M$322.4M$316.9M$305.0M$289.2M$300.8M
Goodwill $995.5M$995.5M$995.5M$995.5M$995.5M$995.5M$995.5M$995.5M$995.5M$995.5M
Other intangibles —————$10.7M$12.7M$16.2M$13.2M—
Total assets $23.96B$23.83B$24.93B$24.58B$24.99B$22.66B$20.17B$20.70B$20.55B$19.66B
Short-term debt $0$250.0M$500.0M$75.0M—$0$400.0M——$9.2M
Total liabilities $21.19B$21.21B$22.44B$22.31B$22.34B$19.92B$17.53B$18.17B$18.02B$17.19B
Retained earnings $1.08B$934.0M$837.9M$736.5M$604.5M$474.0M$437.1M$291.9M$139.2M$78.8M
Total equity $2.77B$2.62B$2.49B$2.27B$2.66B$2.74B$2.64B$2.52B$2.53B$2.48B

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $335.1M$317.5M$255.0M$430.6M$417.1M$209.5M$296.5M$351.4M$269.8M$220.1M
Depreciation and amortisation $16.1M$13.8M$13.6M$15.3M$15.8M$16.0M$14.5M$15.3M$15.3M$14.8M
Stock-based compensation $15.9M$11.9M$9.6M$10.3M$13.1M$10.0M$7.8M$6.2M$5.3M$4.5M
Capital expenditure $31.8M$28.8M$16.0M$13.3M$20.5M$33.4M$29.4M$35.9M$10.1M$15.5M
Investing cash flow $264.1M$548.6M$1.03B-$965.1M-$2.38B-$2.10B$375.2M-$257.8M-$971.1M-$1.90B
Financing cash flow -$291.6M-$1.44B-$66.9M-$197.4M$2.18B$2.24B-$981.3M-$124.6M$683.9M$78.5M
Dividends paid $131.0M$132.8M$132.6M$132.6M$134.1M$135.1M$138.2M$131.0M$122.8M$85.8M
Buybacks $100.0M$40.0M—$9.5M$75.0M$5.0M$136.2M$131.8M——

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-021544.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 250M 500M 750M 1B Revenue, FY2016: 518.5M Net income, FY2016: 230.2M Revenue, FY2017: 570.8M Net income, FY2017: 183.7M Revenue, FY2018: 745.3M Net income, FY2018: 264.4M Revenue, FY2019: 765.9M Net income, FY2019: 284.4M Revenue, FY2020: 733.1M Net income, FY2020: 185.8M Revenue, FY2021: 715.5M Net income, FY2021: 265.7M Revenue, FY2022: 793.1M Net income, FY2022: 265.7M Revenue, FY2023: 836.9M Net income, FY2023: 235M Revenue, FY2024: 808.5M Net income, FY2024: 230.1M Revenue, FY2025: 880.8M Net income, FY2025: 276.3M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $518.5M $570.8M $745.3M $765.9M $733.1M $715.5M $793.1M $836.9M $808.5M $880.8M
Gross profit — — — — — — — — — —
Net income $230.2M $183.7M $264.4M $284.4M $185.8M $265.7M $265.7M $235.0M $230.1M $276.3M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Regulation FD disclosure Item 7.01
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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