SequelSEC

FIRST HAWAIIAN, INC. FHB

State Commercial Banks · CIK 0000036377 · Fiscal year ends 1231 · Bank

AnnualQuarterlyTTM
Revenue
$231.27M
Fiscal year ended 2026-06-30
Net income
$73.38M
Fiscal year ended 2026-06-30
Total assets
$23.65B
Fiscal year ended 2026-06-30

Valuation, from the filing

Public float$3.10BMarket value of stock held by non-affiliates, as stated on the cover page for 2025-06-30
Float per share$25.27Float divided by shares outstanding in the same filing. A floor under the share price on that date, not the price itself.
Float / net income11.2×A lower bound on the multiple, because affiliate holdings are excluded.
Float / revenue3.5×A lower bound on the multiple, because affiliate holdings are excluded.
Float / equity1.1×A lower bound on the multiple, because affiliate holdings are excluded.

Every figure here is drawn from the 10-K cover page and the statements behind it, so each one traces to a filing. Public float counts only stock held by non-affiliates, which makes these floors rather than estimates: a high multiple is conclusive, a low one may mean cheap or may mean closely held. The float was measured on 2025-06-30, not today, and each multiple below it uses the figures for the fiscal year ending 2025-12-31 — the year that filing covered.

Valuation over time

11.2× earnings today, against a median of 11.3× across 8 years on record. In line with its own history.

Float measuredPublic floatFloat / net income
2025-06-30$3.10B11.2×
2024-06-30$2.60B11.3×
2023-06-30$2.30B9.8×
2022-06-30$2.90B10.9×
2021-06-30$3.70B13.9×
2020-06-30$2.20B11.8×
2019-06-28$3.50B12.3×
2018-06-30$2.00B7.6×

Each float is paired with the fiscal year the filing that stated it covers. Only years where the company reported positive net income appear, because a multiple against a loss is not a multiple.

How this compares in its industry

Percentile among the State Commercial Banks filers on this site, highest value first. A high percentile means a large figure, which is good for a margin and not for leverage — the ranking says where the company sits, not whether that is where it should be.

MeasureReportedPercentile
SBC / revenue1.8%27th
Revenue YoY growth8.9%72th
Net margin31.4%38th
Effective tax rate22.0%59th

FIRST HAWAIIAN, INC. (FHB) reported revenue of $231.27M and net income of $73.38M for the fiscal year ended 2026-06-30. This page shows 10 annual periods of income statement, balance sheet and cash flow figures normalized from FIRST HAWAIIAN, INC.’s SEC filings, each linked to the filing it came from. It is classified by the SEC under State Commercial Banks.

Banks, brokers and insurers present a top line that is not comparable with an operating company’s revenue: it is reported net of interest expense, or as premiums earned, depending on the filer. The figures are the filer’s own and are traceable to the filing; the comparison across classes is what does not hold.

Income

FIRST HAWAIIAN, INC. income by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Revenue$231.27M$220.35M$225.85M$226.39M$217.54M$211.00M$188.13M$210.00M$204.62M$205.80M
Cost of revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross profitUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating incomeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Net income$73.38M$67.78M$69.93M$73.84M$73.25M$59.25M$52.50M$61.49M$61.92M$54.22M
Research & developmentUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Weighted-average diluted sharesshares 122.34Mshares 123.35MUnavailableshares 124.97Mshares 125.83Mshares 127.17MUnavailableshares 128.50Mshares 128.26Mshares 128.22M
Pretax income$95.23M$87.46M$93.05M$96.15M$88.10M$76.94M$64.74M$76.45M$80.73M$70.68M
Income tax expense$21.85M$19.68M$23.12M$22.31M$14.86M$17.70M$12.24M$14.96M$18.81M$16.46M
Diluted EPS$0.60$0.55Unavailable$0.59$0.58$0.47Unavailable$0.48$0.48$0.42
Selling, general & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
General & administrativeUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Selling & marketingUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Balance

FIRST HAWAIIAN, INC. balance by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Cash & equivalentsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total assets$23.65B$24.26B$23.96B$24.10B$23.84B$23.74B$23.83B$23.78B$23.99B$24.28B
Current assetsUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total liabilities$20.82B$21.50B$21.19B$21.36B$21.14B$21.10B$21.21B$21.13B$21.44B$21.77B
Current liabilitiesUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Total equity incl. NCI$2.83B$2.77B$2.77B$2.73B$2.69B$2.65B$2.62B$2.65B$2.55B$2.51B
Temporary (mezzanine) equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
InventoryUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts receivableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Goodwill$995.49M$995.49M$995.49M$995.49M$995.49M$995.49M$995.49M$995.49M$995.49M$995.49M
Long-term debtUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Accounts payableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable

Cash flow

FIRST HAWAIIAN, INC. cash flow by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Operating cash flow$13.19M$159.72M$104.90M$57.08M$136.37M$36.72M$113.82M$58.88M$78.17M$66.64M
Capital expendituresUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Investing cash flow-$64.16M-$110.33M-$210.88M$207.60M-$8.54M$275.94M-$37.84M$273.42M$146.28M$166.70M
Financing cash flow-$655.68M$192.01M-$271.90M$191.92M-$43.37M-$168.26M$21.40M-$374.24M-$383.96M-$698.97M
Net change in cashUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Stock-based compensation$3.96M$3.96M$4.24M$4.09M$3.53M$4.03M$2.12M$3.22M$3.31M$3.24M
Common dividends paid$31.67M$33.08M$32.16M$32.31M$33.62M$32.87M$33.14M$33.25M$33.22M$33.19M
Common share repurchases$0$32.00M$25.96M$24.04M$25.00M$25.00MUnavailableUnavailableUnavailableUnavailable
Depreciation & amortization$7.48M$8.37M$7.94M$7.86M$9.36M$8.40M$9.44M$9.84M$9.20M$9.54M

Derived

FIRST HAWAIIAN, INC. derived by fiscal year, in US dollars, normalized from SEC filings.
Metric2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-302024-06-302024-03-31
Free cash flowUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Gross marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Operating marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
FCF marginUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
SBC / revenue1.7%1.8%1.9%1.8%1.6%1.9%1.1%1.5%1.6%1.6%
Current ratioUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Revenue YoY growth6.3%4.4%20.1%7.8%6.3%2.5%-10.5%3.3%-1.3%-4.8%
Net margin31.7%30.8%31.0%32.6%33.7%28.1%27.9%29.3%30.3%26.3%
R&D / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
CapEx / revenueUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Long-term debt / equityUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailableUnavailable
Effective tax rate22.9%22.5%24.8%23.2%16.9%23.0%18.9%19.6%23.3%23.3%

Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open FHB in the interactive workspace to inspect any figure back to its filing.

Source filings

10-Q · Filed 2026-08-03View SEC filing
10-Q · Filed 2026-05-04View SEC filing
10-K · Filed 2026-02-27View SEC filing
10-Q · Filed 2025-11-03View SEC filing
10-Q · Filed 2025-08-04View SEC filing
10-Q · Filed 2025-05-05View SEC filing

Companies in the same industry

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Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.