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First Hawaiian, Inc. (FHB)

NEUTRAL
Financial ServicesBanks - RegionalUnited States

Fundamental

63

Price

$25.94

Market Cap

$3.21B

Part 1 · What the company is worth

Overview

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.

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Direct competitors

Who this company fights with for the same customers

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No competitor list for this company yet.

Balance Sheet & Liquidity

Revenue

$904M

Trailing 12 months (through 6/30/2026)

Net Income

$285M

Trailing 12 months (through 6/30/2026)

Free Cash Flow

$303M

Total Equity

$2.77B

Total Liabilities

$21.19B

Current Ratio

-

Interest Coverage

0.55

Debt/EBITDA

-

Earnings Per Share

Revenue & Net Income

Free Cash Flow

Income Breakdown

Historical statement

Margins over time

Debt over time

Growth grid

Growth — Revenue

Fair Value Estimation

BankFairly Valued

Fair Value

$28.63

Current Price

$25.94

Margin of Safety

+9.4%

Fair Value Range

$25.89 - $31.38

Estimation Methods

Analyst price target:$30.78
Discounted cash flow (DCF):Not applicable to this type of company
Earnings multiple (P/E):$26.62
Graham growth formula:Not applicable to this type of company
Earnings power value (EPV):Not applicable to this type of company
Justified P/B:$30.26
Dividend discount (Gordon):$23.38
P/FFO, funds from operations:Not applicable to this type of company
Mid-cycle earnings:Not applicable to this type of company
Revenue multiple:Not applicable to this type of company
Analyst Consensus:Sell (0B / 9H / 9S)
Last Earnings Surprise:+2.16%

Valuation Metrics

P/E Ratio

11.32

ROE

10.0%

P/B Ratio

1.12

P/FCF

10.13

Gross Margin

-

ROIC

-

Profitability Radar

Value Creation (Economic Moat)

ROIC

-

WACC

8.8%

ROIC − WACC

-

Fundamental Analysis Criteria

Passed (15)

  • EPS shows upward trend
  • P/FCF 10.13
  • P/B Ratio 1.12
  • Operating Margin 41.1%
  • Positive Free Cash Flow
  • CapEx intensity
  • Low reliance on intangibles
  • Price below Graham Number
  • ROE 10.3%
  • Earnings Surprise avg 4.1%
  • PEG Ratio 1.31
  • Earnings Quality (OCF/NI) 1.18
  • Share Dilution -2.3%
  • Net Margin Trend 31.5% vs 29.8%
  • Piotroski F-Score 7/9

Failed (8)

  • EPS CAGR 3.23%
  • Price CAGR -2.76%
  • Debt/Equity ratio
  • Interest Coverage
  • Return on Tangible Assets
  • DCF valuation (Fairly valued)
  • Revenue Growth 5Y 3.0%
  • Analyst Consensus 0% Buy

Unavailable (5)

  • ROIC NaN%
  • Gross Margin NaN%
  • Dividend Payout NaN%
  • Current Ratio
  • Debt/EBITDA

Piotroski F-Score

7/9

Strong financial health

score
criteria

Earnings Quality

1.18

High quality: earnings backed by cash

Share Dilution

-2.3%

Buying back shares. Shareholder friendly

Governance

Executive Team

NameTitleAge
Mr. Robert Scott HarrisonChairman of the Board, President & CEO65
Mr. James M. MosesVice Chairman of Finance Group & CFO48
Mr. Neill Alan CharVice Chairman of Commercial & Retail Banking Group53
Ms. Lea M. NakamuraExecutive VP & Chief Risk Officer of Risk Management Group59
Ms. Gina O. Woo AnonuevoVice Chair & Chief Administrative Officer58
Mr. Kevin S. Haseyama C.F.A.Strategic Planning & Investor Relations Manager-
Mr. Joel E. Rappoport Esq., J.D.Executive VP of Legal & Corporate Services Group, General Counsel and Secretary-
Ms. Darlene N. BlakeneyExecutive VP of Wholesale Banking Group & Chief Lending Officer62

Audit Risk

4

Board Risk

3

Compensation Risk

1

Shareholder Rights Risk

1

Part 2 · The price and when to enter

This part won't tell you whether the company is worth owning: it helps you choose when to buy it, once the fundamentals have convinced you. Inside: technical analysis, potential, historical drawdowns, gamma exposure.

Latest News

Recent headlines for FHB, sourced from Markets Gazette.

  • 4/25/2026NEUTRAL
    Full Transcript: First Hawaiian Q1 2026 Earnings Call

    First Hawaiian Inc. released its Q1 2026 earnings call transcript on April 25, 2026. The transcript provides a detailed account of the company's financial performance, strategic initiatives, and outlook for the upcoming quarters. Investors and analysts can review the discussions on revenue streams, operational efficiency, market conditions, and management's forward-looking statements. While the transcript itself is informational, it serves as a crucial resource for understanding the company's trajectory and potential future performance, allowing for informed investment decisions.

via Markets Gazette