NASDAQ : FHB
First Hawaiian, Inc. — Financial statements
Financials · Banks - Regional · United States
Last price 25.205 USD (Oct 30, 2026, 3:05 PM EDT) · Market cap 3.07B
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Financial statements
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Interest Income on Loans | 761.97M | 774.42M | 805.94M | 748.05M | 509.82M | 444.49M |
| Interest Income on Investments | 171.47M | 176.88M | 174.10M | 175.53M | 153.40M | 104.82M |
| Total Interest Income | 933.45M | 951.30M | 980.04M | 923.58M | 663.22M | 549.31M |
| Interest Paid on Deposits | 249.94M | 279.29M | 335.72M | 258.22M | 49.20M | 13.85M |
| Interest Paid on Borrowings | 582.00K | 8.27M | 21.59M | 29.23M | 470.00K | 4.90M |
| Total Interest Expense | 250.52M | 287.56M | 357.31M | 287.45M | 49.67M | 18.75M |
| Net Interest Income | 682.93M | 663.74M | 622.74M | 636.13M | 613.55M | 530.56M |
| Trust Income | 36.57M | 36.94M | 38.31M | 38.45M | 36.47M | 34.72M |
| Gain (Loss) on Sale of Investments | 37.00K | -26.17M | 792.00K | 102.00K | ||
| Other Non-Interest Income | 93.09M | 86.62M | 78.18M | 68.04M | 48.22M | 59.01M |
| Total Non-Interest Income | 224.77M | 217.05M | 185.80M | 200.81M | 179.53M | 184.92M |
| Revenues Before Loan Losses | 907.70M | 880.79M | 808.54M | 836.94M | 793.07M | 715.48M |
| Provision for Loan Losses | 38.61M | 27.20M | 14.75M | 26.63M | 1.39M | -39.00M |
| Revenue | 869.10M | 853.59M | 793.79M | 810.31M | 791.68M | 754.48M |
| Salaries and Employee Benefits | 238.50M | 230.02M | 223.68M | 216.15M | 188.83M | 168.08M |
| Occupancy Expenses | 19.39M | 19.39M | 18.13M | 19.30M | 19.99M | 17.47M |
| Federal Deposit Insurance | 10.98M | 12.08M | 19.09M | 32.07M | 9.60M | 8.24M |
| Selling, General & Administrative | 150.42M | 151.89M | 145.26M | 139.06M | 133.87M | 119.16M |
| Other Non-Interest Expense | 113.33M | 85.97M | 95.03M | 94.56M | 88.18M | 89.23M |
| Total Non-Interest Expense | 532.62M | 499.35M | 501.19M | 501.14M | 440.47M | 402.18M |
| EBT Excluding Unusual Items | 336.47M | 354.24M | 292.60M | 309.17M | 351.21M | 352.30M |
| Legal Settlements | -2.10M | |||||
| Other Unusual Items | -1.20M | |||||
| Pretax Income | 325.62M | 354.24M | 292.60M | 309.17M | 351.21M | 349.00M |
| Income Tax Expense | 50.80M | 77.98M | 62.47M | 74.19M | 85.53M | 83.26M |
| Net Income | 274.82M | 276.27M | 230.13M | 234.98M | 265.69M | 265.74M |
| Net Income to Common | 274.82M | 276.27M | 230.13M | 234.98M | 265.69M | 265.74M |
| Basic Shares Outstanding | 122.28M | 124.79M | 127.70M | 127.57M | 127.49M | 128.96M |
| Diluted Shares Outstanding | 123.06M | 125.51M | 128.33M | 127.92M | 127.98M | 129.54M |
| EPS (Basic) | 2.25 | 2.21 | 1.80 | 1.84 | 2.08 | 2.06 |
| EPS (Diluted) | 2.23 | 2.20 | 1.79 | 1.84 | 2.08 | 2.05 |
| Dividend Per Share | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 |
| Effective Tax Rate | 15.60% | 22.01% | 21.35% | 24.00% | 24.35% | 23.86% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 258.23M | 1.48B | 1.17B | 1.74B | 526.62M | 1.26B |
| Investment Securities | 1.07B | 480.06M | 520.98M | 613.10M | 712.14M | 526.29M |
| Trading Asset Securities | 21.52M | 13.60M | 12.77M | 10.95M | 50.92M | |
| Mortgage-Backed Securities | 5.36B | 5.43B | 5.43B | 5.89B | 6.93B | 8.09B |
| Total Investments | 6.44B | 5.93B | 5.97B | 6.52B | 7.65B | 8.66B |
| Gross Loans | 14.46B | 14.31B | 14.41B | 14.35B | 14.09B | 12.96B |
| Allowance for Loan Losses | -164.44M | -168.47M | -160.39M | -156.53M | -143.90M | -157.26M |
| Net Loans | 14.30B | 14.14B | 14.25B | 14.20B | 13.95B | 12.80B |
| Property, Plant & Equipment | 304.85M | 361.20M | 348.63M | 342.76M | 343.15M | 382.65M |
| Goodwill | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M |
| Other Intangible Assets | 8.10M | 13.00M | 10.80M | 15.10M | 13.30M | |
| Loans Held for Sale | 1.37M | 190.00K | 538.00K | |||
| Accrued Interest Receivable | 75.20M | 77.64M | 79.98M | 84.42M | 78.19M | 63.16M |
| Long-Term Deferred Tax Assets | 198.19M | 231.21M | 239.53M | 262.32M | 96.17M | |
| Other Real Estate Owned & Foreclosed | 91.00K | 175.00K | ||||
| Other Long-Term Assets | 1.40B | 661.51M | 654.46M | 655.98M | 747.92M | 704.36M |
| Total Assets | 23.76B | 23.96B | 23.83B | 24.93B | 24.58B | 24.99B |
| Interest Bearing Deposits | 13.80B | 12.47B | 12.04B | 11.95B | 11.32B | 11.62B |
| Institutional Deposits | 1.50B | 1.30B | 1.80B | 1.50B | 800.00M | |
| Non-Interest Bearing Deposits | 6.40B | 6.55B | 6.98B | 7.58B | 8.86B | 9.39B |
| Total Deposits | 20.20B | 20.51B | 20.32B | 21.33B | 21.69B | 21.81B |
| Short-Term Borrowings | 17.83M | 262.31M | 507.12M | 127.62M | 8.87M | |
| Current Portion of Leases | 8.38M | |||||
| Long-Term Leases | 52.51M | 63.00M | 63.80M | 64.80M | 65.80M | |
| Pension & Post-Retirement Benefits | 96.57M | 99.05M | 97.14M | 103.28M | 102.58M | 134.49M |
| Other Long-Term Liabilities | 645.33M | 495.65M | 469.94M | 436.05M | 326.69M | 312.29M |
| Total Liabilities | 20.95B | 21.19B | 21.21B | 22.44B | 22.31B | 22.34B |
| Common Stock | 1.43M | 1.42M | 1.42M | 1.41M | 1.41M | 1.41M |
| Additional Paid-In Capital | 2.59B | 2.58B | 2.56B | 2.55B | 2.54B | 2.53B |
| Retained Earnings | 1.19B | 1.08B | 934.05M | 837.86M | 736.54M | 604.53M |
| Treasury Stock | -556.22M | -519.34M | -414.37M | -371.25M | -368.03M | -355.00M |
| Comprehensive Income & Other | -403.83M | -368.14M | -463.99M | -530.21M | -639.25M | -121.69M |
| Shareholders' Equity | 2.82B | 2.77B | 2.62B | 2.49B | 2.27B | 2.66B |
| Total Liabilities & Equity | 23.76B | 23.96B | 23.83B | 24.93B | 24.58B | 24.99B |
| Total Debt | 78.72M | 325.31M | 570.92M | 192.42M | 74.67M | |
| Net Cash (Debt) | 1.33B | 1.42B | 858.48M | 1.18B | 345.15M | 1.23B |
| Net Cash Per Share | 10.81 | 11.32 | 6.69 | 9.24 | 2.70 | 9.53 |
| Filing Date Shares Outstanding | 121.68M | 122.69M | 126.42M | 127.62M | 127.69M | 128.16M |
| Total Common Shares Outstanding | 121.68M | 122.69M | 126.42M | 127.62M | 127.36M | 127.50M |
| Book Value Per Share | 23.16 | 22.57 | 20.70 | 19.48 | 17.82 | 20.84 |
| Tangible Book Value | 1.82B | 1.77B | 1.61B | 1.48B | 1.26B | 1.65B |
| Tangible Book Value Per Share | 14.97 | 14.39 | 12.73 | 11.60 | 9.88 | 12.93 |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 276.27M | 230.13M | 234.98M | 265.69M | 265.74M | |
| Depreciation & Amortization | 11.86M | 16.11M | 24.27M | 44.15M | 42.74M | |
| Other Amortization | 21.70M | 21.90M | 18.50M | 12.60M | 9.10M | |
| Gain (Loss) on Sale of Assets | 65.00K | -164.00K | -5.83M | 2.82M | -4.14M | |
| Gain (Loss) on Sale of Investments | -37.00K | 26.17M | -792.00K | -102.00K | ||
| Provision for Credit Losses | 27.20M | 14.75M | 26.63M | 1.39M | -39.00M | |
| Net Decrease (Increase) in Loans Originated / Sold - Operating | -1.53M | -309.00K | 916.00K | -460.00K | 13.16M | |
| Change in Other Net Operating Assets | -13.53M | 10.88M | -39.60M | 71.99M | 102.40M | |
| Other Operating Activities | -2.81M | -13.85M | -13.66M | 22.14M | 14.12M | |
| Operating Cash Flow | 335.07M | 317.51M | 255.03M | 430.61M | 417.12M | |
| Capital Expenditures | -31.78M | -28.77M | -15.99M | -13.29M | -20.46M | |
| Sale of Property, Plant and Equipment | 8.51M | 17.30M | 4.02M | |||
| Investment in Securities | 206.23M | 599.95M | 1.26B | 185.15M | -2.66B | |
| Net Decrease (Increase) in Loans Originated / Sold - Investing | 90.19M | -31.16M | -235.80M | -1.15B | 287.08M | |
| Other Investing Activities | -525.00K | 8.54M | 8.52M | -4.34M | 8.04M | |
| Investing Cash Flow | 264.11M | 548.55M | 1.03B | -965.10M | -2.38B | |
| Short-Term Debt Issued | 250.00M | 75.00M | ||||
| Long-Term Debt Issued | 500.00M | |||||
| Total Debt Issued | 250.00M | 500.00M | 75.00M | |||
| Short-Term Debt Repaid | -250.00M | -500.00M | -75.00M | |||
| Long-Term Debt Repaid | -200.01M | |||||
| Total Debt Repaid | -250.00M | -500.00M | -75.00M | -200.01M | ||
| Net Debt Issued (Repaid) | -250.00M | -250.00M | 425.00M | 75.00M | -200.01M | |
| Issuance of Common Stock | 275.00K | 245.00K | 308.00K | 379.00K | 547.00K | |
| Repurchase of Common Stock | -104.40M | -42.78M | -3.21M | -13.03M | -78.11M | |
| Common Dividends Paid | -130.95M | -132.80M | -132.65M | -132.59M | -134.13M | |
| Net Increase (Decrease) in Deposit Accounts | 193.45M | -1.01B | -356.37M | -127.12M | 2.59B | |
| Financing Cash Flow | -291.62M | -1.44B | -66.92M | -197.36M | 2.18B | |
| Net Cash Flow | 307.56M | -569.71M | 1.21B | -731.85M | 217.53M | |
| Free Cash Flow | 303.29M | 288.74M | 239.04M | 417.32M | 396.67M | |
| Free Cash Flow Margin | 35.53% | 36.38% | 29.50% | 52.71% | 52.58% | |
| Free Cash Flow Per Share | 2.42 | 2.25 | 1.87 | 3.26 | 3.06 | |
| Cash Interest Paid | 293.33M | 362.52M | 262.19M | 44.33M | 23.00M | |
| Cash Income Tax Paid | 40.98M | 36.30M | 54.00M | 24.69M | 55.35M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 3.13B | 3.13B | 3.32B | 2.92B | 3.32B | 3.52B |
| Last Close Price | 25.71 | 24.57 | 24.17 | 20.36 | 22.03 | 22.23 |
| PE Ratio | 11.53 | 11.33 | 14.42 | 12.41 | 12.51 | 13.25 |
| PS Ratio | 3.60 | 3.67 | 4.18 | 3.60 | 4.20 | 4.67 |
| PB Ratio | 1.11 | 1.13 | 1.27 | 1.17 | 1.47 | 1.32 |
| P/FCF Ratio | 10.01 | 10.32 | 11.49 | 12.20 | 7.97 | 8.88 |
| P/OCF Ratio | 9.34 | 9.34 | 10.45 | 11.44 | 7.72 | 8.44 |
| Debt / Equity Ratio | 0.03 | 0.12 | 0.23 | 0.09 | 0.03 | |
| Debt / FCF Ratio | 0.26 | 1.13 | 2.39 | 0.46 | 0.19 | |
| Net Debt / Equity Ratio | -0.47 | -0.51 | -0.33 | -0.47 | -0.15 | -0.47 |
| Net Debt / FCF Ratio | -4.68 | -2.97 | -4.94 | -0.83 | -3.11 | |
| Return on Equity (ROE) | 9.90% | 10.26% | 9.02% | 9.88% | 10.79% | 9.84% |
| Return on Assets (ROA) | 1.15% | 1.16% | 0.94% | 0.95% | 1.07% | 1.11% |
| Earnings Yield | 8.67% | 8.83% | 6.93% | 8.05% | 7.99% | 7.55% |
| FCF Yield | 9.99% | 9.69% | 8.70% | 8.19% | 12.55% | 11.27% |
| Dividend Yield | 4.04% | 4.08% | 3.96% | 4.55% | 3.98% | 3.77% |
| Payout Ratio | 46.63% | 47.40% | 57.71% | 56.45% | 49.90% | 50.48% |
| Buyback Yield / Dilution | 2.74% | 2.20% | -0.32% | 0.05% | 1.20% | 0.52% |
| Total Shareholder Return | 6.79% | 6.27% | 3.64% | 4.60% | 5.18% | 4.29% |