Saturday 17 October 2026 Export FHB’s income statement to Excel — free account

First Hawaiian, Inc.

First Hawaiian, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, roughly unchanged from fiscal 2024. In the quarter to June 2026, revenue was flat, EPS grew 3.45% and free cash flow fell 93.8%, each against the same quarter a year earlier. Dividend growth for ten consecutive years, revenue growth for three.

24.95 0.01 +0.04%

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Market cap: $3.0B
P/E: 10.8×
Fwd P/E: 11.8×
Dividend yield: 4.17%
F-score: 9/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 1.15

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	—	—	—	—	—	—	—	—	—
Sell	—	1	—	1	—	—	—	—	—	—	—	—

Insider Ownership 0.80%

Capital & Financial Ratios $m

Market Cap 3,030.00

Revenue 1,167.19

Net Income 284.93

Free Cash Flow 312.66

Net Debt (1,012.50)

Current Ratio 0.77

Debt/Equity 0.00

P/E ratio 10.80

Fwd P/E 11.80

P/S ratio 2.60

P/B ratio 1.07

Past 5Y EPS Growth 9.00%

This Y EPS Growth 7.31%

Next Y EPS Growth 7.49%

Next Y revenue growth (18.92%)

Next 5Y EPS Growth 7.73%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

P/E against its own 10 years 12.94%

10-year low 10-year high

P/S against its own 10 years 18.58%

10-year low 10-year high

P/B against its own 10 years 15.14%

10-year low 10-year high

Dividends

Payout Ratio 0.45

Annual Dividend Rate 1.04

Annual Dividend Yield 4.17%

	total	individual payouts
2028	Powerpack
2027	Powerpack
2026	1.04	0.26 0.26 0.26
2025	1.04	0.26 0.26 0.26 0.26
2024	1.04	0.26 0.26 0.26 0.26
2023	1.04	0.26 0.26 0.26 0.26
2022	1.04	0.26 0.26 0.26 0.26
2021	1.04	0.26 0.26 0.26 0.26
2020	1.04	0.26 0.26 0.26 0.26
2019	1.04	0.26 0.26 0.26 0.26
2018	0.96	0.24 0.24 0.24 0.24
2017	0.88	0.22 0.22 0.22 0.22
2016	0.20	0.20

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	1,740	1,170	1,478	1,012
Receivables	—	—	—	—
Inventory	—	—	—	—
Other	—	—	—	—
	16,021	15,498	15,701	15,498

	2023	2024	2025	Q'26
Payables	21,333	20,322	20,516	20,154
ST’ Debt	—	—	—	—
Other	—	—	—	—
	21,833	20,572	20,516	20,154

Compound Annual Growth %

	10y	5y	3y
Sales	5.21%	8.41%	11.50%
Cash Flow	8.92%	9.85%	(8.02%)
Earnings	2.60%	8.26%	1.31%
Book Value	0.12%	0.18%	6.87%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	283	293	—	—	—
’25	286	291	300	292	1,168
’24	296	297	303	270	1,166
’23	263	277	286	299	1,124
’22	178	194	222	249	843
’21	178	186	187	183	734
’20	208	186	191	195	780

Fiscal quarters ending in the months shown.

Operating Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	160	13	—	—	—
’25	37	136	57	105	335
’24	67	78	59	114	318
’23	83	105	26	41	255
’22	66	99	156	109	431
’21	154	94	48	120	417
’20	(52)	160	(8)	109	210

Fiscal quarters ending in the months shown.

Free Cash Flow $m

	Mar	Jun	Sep	Dec	Year
’26	155	8	—	—	—
’25	29	125	50	100	303
’24	62	72	52	130	316
’23	81	102	22	42	248
’22	64	96	151	124	435
’21	150	89	45	115	401
’20	(66)	155	(14)	103	177

Fiscal quarters ending in the months shown.

EPS $

	Mar	Jun	Sep	Dec	Year
’26	0.55	0.60	—	—	—
’25	0.47	0.58	0.59	0.56	2.20
’24	0.42	0.48	0.48	0.41	1.79
’23	0.52	0.49	0.46	0.37	1.84
’22	0.45	0.46	0.54	0.62	2.08
’21	0.44	0.67	0.50	0.44	2.05
’20	0.30	0.15	0.50	0.47	1.43

Fiscal quarters ending in the months shown.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	24.25	26.30	21.19	22.13	13.56	23.14	21.21	15.08	19.48	20.32	Analyst estimates 2026–2028 Powerpack
	High	35.47	35.32	32.36	29.47	31.25	30.80	31.16	28.28	28.80	28.28
People
People	Employees	2,200	2,300	2,200	2,100	2,100	2,000	2,000	2,000	2,000	2,000
	Revenue/emp, $m	0.34	0.34	0.38	0.41	0.37	0.37	0.42	0.56	0.58	0.58
Income, $m
Income, $m	Revenue	745	776	825	871	780	734	843	1,124	1,166	1,168
	Gross margin, %	96.39	94.59	90.34	87.91	93.97	97.45	94.11	74.43	69.35	75.39
	EBT	372	368	358	382	244	349	351	309	293	354
	EBT margin, %	49.94	47.45	43.41	43.81	31.24	47.53	41.67	27.50	25.10	30.32
	Net income	230	184	264	284	186	266	266	235	230	276
	Depreciation	52	62	55	68	63	52	57	43	38	34
Per share, $
Per share, $	Revenue	5.34	5.56	6.02	6.55	6.01	5.69	6.61	8.81	9.13	9.36
	Earnings	1.65	1.32	1.93	2.14	1.43	2.06	2.08	1.84	1.80	2.21
	Cash flow	1.58	1.93	2.57	2.23	1.61	3.23	3.38	2.00	2.49	2.69
	Capex	(0.10)	(0.01)	(0.26)	(0.21)	(0.25)	(0.13)	0.03	(0.06)	(0.01)	(0.25)
	Free cash flow	1.47	1.93	2.31	2.01	1.36	3.11	3.41	1.94	2.48	2.43
	Book value	17.75	18.15	18.44	19.84	21.13	20.60	17.80	19.49	20.50	22.19
	Shares, m	139	140	137	133	130	129	127	128	128	125
Valuation, ×
Valuation, ×	P/E	21.01	22.63	11.66	13.48	16.49	13.27	12.59	12.35	14.50	11.45
	P/S	6.49	5.37	3.74	4.41	3.93	4.80	3.94	2.58	2.84	2.70
	P/B	1.95	1.65	1.22	1.45	1.12	1.33	1.46	1.17	1.27	1.14
	EV/Sales	5.08	4.04	3.25	3.84	2.85	3.17	3.39	1.48	2.27	1.87
	EV/FCF	18.39	11.66	8.47	12.49	12.56	5.80	6.57	6.70	8.36	7.19
Cash, $m
Cash, $m	Operating cash flow	220	270	351	297	210	417	431	255	318	335
	Capex	(14)	(1)	(35)	(29)	(33)	(16)	4	(7)	(1)	(32)
	Free cash flow	206	269	316	268	177	401	435	248	316	303
Balance, $m
Balance, $m	Working capital	(4,325)	(4,389)	(3,163)	(3,024)	(5,035)	(7,689)	(7,211)	(5,811)	(5,074)	(4,815)
	Total debt	0	0	600	200	200	58	59	—	—	—
	Net debt	(1,052)	(1,035)	(404)	(494)	(841)	(1,258)	(527)	(1,740)	(1,170)	(1,478)
	Shareholders’ equity	2,476	2,533	2,525	2,640	2,744	2,657	2,269	2,486	2,617	2,769
Returns, %
Returns, %	ROA	1.18	0.91	1.28	1.39	0.87	1.12	1.07	0.95	0.94	1.16
	ROIC	16.31	15.37	10.55	11.12	8.00	15.60	12.60	25.90	12.64	17.14
	ROE	8.83	7.33	10.46	11.01	6.90	9.84	10.79	9.88	9.02	10.26

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PRK Park National Corporation	$3.2B	15.9×	14.7×	+25.60% (above 0%: growing)	+9.06% (above 0%: growing)	+4.77% (above 0%: growing)	84.20%	0.00%	Compare
SFNC Simmons First National Corporation	$3.2B	— (loss-making)	10.5×	−0.49% (below 0%: shrinking)	+6.98% (above 0%: growing)	+89.30% (above 0%: growing)	69.90%	0.00%	Compare
CBU Community Financial System, Inc.	$3.1B	14.0×	13.3×	+8.48% (above 0%: growing)	+19.59% (above 0%: growing)	+15.96% (above 0%: growing)	83.15%	0.00%	Compare
SBCF Seacoast Banking Corporation of Florida	$3.1B	20.5×	14.1×	+30.05% (above 0%: growing)	+10.00% (above 0%: growing)	−19.23% (below 0%: shrinking)	73.47%	0.00%	Compare
FHB First Hawaiian, Inc.	$3.0B	10.8×	11.8×	+0.67% (above 0%: growing)	+3.45% (above 0%: growing)	−93.83% (below 0%: shrinking)	79.03%	0.00%
BKU BankUnited, Inc.	$3.0B	11.4×	11.4×	−5.37% (below 0%: shrinking)	+6.59% (above 0%: growing)	+9.39% (above 0%: growing)	62.44%	0.00%	Compare
INTR Inter & Co. Inc.	$3.0B	10.2×	6.9×	+45.51% (above 0%: growing)	+46.15% (above 0%: growing)	−253.49% (below 0%: shrinking)	59.27%	0.00%	Compare
CLBK Columbia Financial	$2.9B	31.5×	39.7×	+5.07% (above 0%: growing)	+162.20% (above 0%: growing)	+34.28% (above 0%: growing)	55.42%	0.00%	Compare
PFS Provident Financial Services, Inc	$2.9B	9.3×	9.6×	+4.42% (above 0%: growing)	+9.09% (above 0%: growing)	−40.48% (below 0%: shrinking)	65.44%	0.00%	Compare
Median of peers	$3.1B	14.0×	12.4×	+6.78%	+9.55%	+7.08%	67.67%	0.00%

All 323 Banks Regional stocks →

First Hawaiian, Inc. (FHB) key facts

Strength: Net income was $276.3 million, or $2.21 per share (basic), a net margin of 23.7%.
First Hawaiian, Inc. (FHB) is a Banks Regional company in the Financial sector, listed on Nasdaq.
First Hawaiian, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $1.2 billion, roughly unchanged from fiscal 2024.
As of October 16, 2026, FHB traded at $24.95, a market capitalization of $3.0 billion.
At that price the stock trades at 10.8× trailing-twelve-month earnings and 2.6× sales; its P/E is higher than 13% of its own readings over the past ten years.
First Hawaiian, Inc. pays an annual dividend of $1.04 per share, a yield of 4.17%, with a payout ratio of 45.2%.
Return on equity was 10.3% and debt-to-equity 0.00.
Its Piotroski F-score is 9 out of 9 for fiscal 2025.