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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 two segments: Retail Banking and Commercial Banking. 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, as well as commercial lease and auto dealer financing services. 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 credit card and merchant processing services, as well as consumer and commercial credit cards processing services. Further, the company provides commercial and industrial lending, such as auto dealer flooring, commercial real estate lending, and construction lending services. It offers its products through branch, online, and mobile distribution channels. 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.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $847M | - | $276M | $303M | 10.0% | 9.4% | 20.0% |
| 2024 | $775M | - | $230M | $289M | 8.8% | -3.8% | -2.1% |
| 2023 | $805M | - | $235M | $239M | 9.5% | 5.7% | -11.6% |
| 2022 | $762M | - | $266M | $417M | 11.7% | - | - |
| 2021 | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 762.08 | 805.32 | 774.71 | 847.42 |
| Operating Revenue | - | 762.08 | 805.32 | 774.71 | 847.42 |
| Selling General And Administration | - | 207.12 | 233.37 | 243.28 | 254.48 |
| Interest Income | - | 663.22 | 923.58 | 980.04 | 951.30 |
| Interest Expense | - | 49.67 | 287.45 | 357.31 | 287.56 |
| Net Interest Income | - | 613.55 | 636.13 | 622.74 | 663.74 |
| Pretax Income | - | 351.21 | 309.17 | 292.60 | 354.24 |
| Tax Provision | - | 85.53 | 74.19 | 62.47 | 77.98 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 0 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 265.68 | 234.98 | 230.13 | 276.27 |
| Net Income From Continuing And Discontinued Operation | - | 265.68 | 234.98 | 230.13 | 276.27 |
| Net Income From Continuing Operation Net Minority Interest | - | 265.68 | 234.98 | 230.13 | 276.27 |
| Net Income | - | 265.68 | 234.98 | 230.13 | 276.27 |
| Net Income Common Stockholders | - | 265.68 | 234.98 | 230.13 | 276.27 |
| Net Income Including Noncontrolling Interests | - | 265.68 | 234.98 | 230.13 | 276.27 |
| Normalized Income | - | 265.68 | 234.98 | 230.13 | 276.27 |
| Diluted NI Availto Com Stockholders | - | 265.68 | 234.98 | 230.13 | 276.27 |
| Basic Average Shares | - | 127.49 | 127.57 | 127.70 | 124.79 |
| Diluted Average Shares | - | 127.98 | 127.92 | 128.33 | 125.51 |
| Reconciled Depreciation | - | 56.75 | 42.77 | 38.01 | 33.56 |
| Gain On Sale Of Security | - | 0 | 0.79 | -26.17 | 0.04 |
| General And Administrative Expense | - | 199.13 | 225.76 | 235.56 | 245.91 |
| Other Gand A | 8.24 | - | - | - | - |
| Salaries And Wages | - | 199.13 | 225.76 | 235.56 | 245.91 |
| Selling And Marketing Expense | - | 8 | 7.62 | 7.72 | 8.57 |
| Occupancy And Equipment | - | 65.54 | 74.72 | 82.87 | 86.52 |
| Professional Expense And Contract Services Expense | - | 70.03 | 66.42 | 60.91 | 60.30 |
| Other Non Interest Expense | - | 66.79 | 95 | 80.29 | 64.69 |
Financial Services sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| First Hawaiian, Inc.this co. | FHB | $3.3B | 11.99 | 1.20 | 10.0% | - |
| First Interstate BancSystem, Inc. | FIBK | $3.5B | 11.49 | 1.01 | 8.8% | - |
| BankUnited, Inc. | BKU | $3.4B | 12.80 | 1.13 | 8.8% | - |
| Community Financial System, Inc. | CBU | $3.3B | 15.84 | 1.66 | 10.5% | - |
| Assured Guaranty Ltd. | AGO | $3.3B |
| - |
| - |
| - |
| - |
| - |
| 6.50 |
| 0.58 |
| 8.9% |
| - |
| Genworth Financial, Inc. | GNW | $3.2B | 14.56 | 0.37 | 2.5% | - |
| First Financial Bancorp. | FFBC | $3.2B | 12.54 | 1.16 | 9.2% | - |
| Park National Corporation | PRK | $3.1B | 17.38 | 2.31 | 13.3% | - |
| Simmons First National Corporation | SFNC | $3.1B | -7.86 | 0.91 | -11.6% | - |
| Peer Median | - | 12.67 | 1.07 | 8.8% | - | |