What is First Hawaiian Inc's earnings per share (EPS)?

First Hawaiian Inc (FHB) reported diluted earnings per share of $2.20 for fiscal year 2025. This represents a 22.9% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

First Hawaiian Inc Financials

FHB

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows First Hawaiian Inc (FHB) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 45/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Growth

First Hawaiian Inc's revenue grew 8.9% year-over-year to $880.8M, a solid pace of expansion. This earns a growth score of 48/100.

Leverage

First Hawaiian Inc has elevated debt relative to equity (D/E of 7.65), meaning the company relies heavily on borrowed funds. This high leverage results in a low score of 0/100, reflecting increased financial risk.

Cash Flow

100

First Hawaiian Inc converts 34.4% of revenue into free cash flow ($303.3M). This strong cash generation earns a score of 100/100.

Returns

First Hawaiian Inc's ROE of 10.0% shows moderate profitability relative to equity, earning a score of 33/100. This is up from 8.8% the prior year.

Piotroski F-Score Neutral

6/9

First Hawaiian Inc passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.

Earnings Quality Cash-Backed

1.21x

For every $1 of reported earnings, First Hawaiian Inc generates $1.21 in operating cash flow ($335.1M OCF vs $276.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.

Key Financial Metrics

Export CSV

Earnings & Revenue

Revenue

$880.8M

YoY+8.9%

5Y CAGR+3.7%

10Y CAGR+6.2%

First Hawaiian Inc generated $880.8M in revenue in fiscal year 2025. This represents an increase of 8.9% from the prior year.

EBITDA

N/A

Net Income

$276.3M

YoY+20.0%

5Y CAGR+8.3%

10Y CAGR+2.6%

First Hawaiian Inc reported $276.3M in net income in fiscal year 2025. This represents an increase of 20.0% from the prior year.

EPS (Diluted)

$2.20

YoY+22.9%

5Y CAGR+9.0%

10Y CAGR+3.7%

First Hawaiian Inc earned $2.20 per diluted share (EPS) in fiscal year 2025. This represents an increase of 22.9% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$303.3M

YoY+5.0%

5Y CAGR+11.5%

10Y CAGR+9.4%

First Hawaiian Inc generated $303.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 5.0% from the prior year.

Cash & Debt

$1.5B

YoY+26.3%

5Y CAGR+7.3%

10Y CAGR-5.7%

First Hawaiian Inc held $1.5B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

$1.04

YoY+0.0%

5Y CAGR+0.0%

First Hawaiian Inc paid $1.04 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

123M

YoY-3.0%

5Y CAGR-1.1%

10Y CAGR-1.3%

First Hawaiian Inc had 123M shares outstanding in fiscal year 2025. This represents a decrease of 3.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

31.4%

YoY+2.9pp

5Y CAGR+6.0pp

10Y CAGR-12.8pp

First Hawaiian Inc's net profit margin was 31.4% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.9 percentage points from the prior year.

Return on Equity

10.0%

YoY+1.2pp

5Y CAGR+3.2pp

10Y CAGR+2.2pp

First Hawaiian Inc's ROE was 10.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.2 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

$100.0M

YoY+150.0%

5Y CAGR+82.1%

First Hawaiian Inc spent $100.0M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding. This represents an increase of 150.0% from the prior year.

Capital Expenditures

$31.8M

YoY+10.4%

5Y CAGR-1.0%

10Y CAGR+5.2%

First Hawaiian Inc invested $31.8M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 10.4% from the prior year.

FHB Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$880.8M+8.9%	$808.5M-3.4%	$836.9M+5.5%	$793.1M+10.8%	$715.5M-2.4%	$733.1M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$287.6M-19.5%	$357.3M+24.3%	$287.5M+478.7%	$49.7M+164.9%	$18.8M-60.1%	$47.0M
Income Tax	$78.0M+24.8%	$62.5M-15.8%	$74.2M-13.3%	$85.5M+2.7%	$83.3M+43.6%	$58.0M
Net Income	$276.3M+20.0%	$230.1M-2.1%	$235.0M-11.6%	$265.7M0.0%	$265.7M+43.1%	$185.8M
EPS (Diluted)	$2.20+22.9%	$1.79-2.7%	$1.84-11.5%	$2.08+1.5%	$2.05+43.4%	$1.43

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$225.9M-0.2%	$226.4M+4.1%	$217.5M+3.1%	$211.0M+12.2%	$188.1M-10.4%	$210.0M+2.6%	$204.6M-0.6%	$205.8M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$66.5M-9.2%	$73.2M+0.1%	$73.2M-2.0%	$74.6M-8.3%	$81.4M-12.7%	$93.3M+1.3%	$92.1M+1.7%	$90.5M
Income Tax	$23.1M+3.6%	$22.3M+50.2%	$14.9M-16.0%	$17.7M+44.6%	$12.2M-18.2%	$15.0M-20.5%	$18.8M+14.3%	$16.5M
Net Income	$69.9M-5.3%	$73.8M+0.8%	$73.2M+23.6%	$59.2M+12.9%	$52.5M-14.6%	$61.5M-0.7%	$61.9M+14.2%	$54.2M
EPS (Diluted)	N/A	$0.59+1.7%	$0.58+23.4%	$0.47	N/A	$0.480.0%	$0.48+14.3%	$0.42

FHB Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$24.0B+0.5%	$23.8B-4.4%	$24.9B+1.4%	$24.6B-1.7%	$25.0B+10.3%	$22.7B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.5B+26.3%	$1.2B-32.7%	$1.7B+230.4%	$526.6M-58.2%	$1.3B+20.9%	$1.0B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$995.5M0.0%	$995.5M0.0%	$995.5M0.0%	$995.5M0.0%	$995.5M0.0%	$995.5M
Total Liabilities	$21.2B-0.1%	$21.2B-5.5%	$22.4B+0.6%	$22.3B-0.1%	$22.3B+12.1%	$19.9B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	$0	N/A	N/A
Total Equity	$2.8B+5.8%	$2.6B+5.3%	$2.5B+9.6%	$2.3B-14.6%	$2.7B-3.2%	$2.7B
Retained Earnings	$1.1B+15.5%	$934.0M+11.5%	$837.9M+13.8%	$736.5M+21.8%	$604.5M+27.5%	$474.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$24.0B-0.6%	$24.1B+1.1%	$23.8B+0.4%	$23.7B-0.3%	$23.8B+0.2%	$23.8B-0.9%	$24.0B-1.2%	$24.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$1.5B-20.4%	$1.9B+32.6%	$1.4B+6.4%	$1.3B+12.3%	$1.2B+9.1%	$1.1B-3.8%	$1.1B-12.5%	$1.3B
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	$995.5M0.0%	$995.5M0.0%	$995.5M0.0%	$995.5M0.0%	$995.5M0.0%	$995.5M0.0%	$995.5M0.0%	$995.5M
Total Liabilities	$21.2B-0.8%	$21.4B+1.1%	$21.1B+0.2%	$21.1B-0.5%	$21.2B+0.4%	$21.1B-1.4%	$21.4B-1.5%	$21.8B
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$2.8B+1.3%	$2.7B+1.5%	$2.7B+1.7%	$2.6B+1.2%	$2.6B-1.2%	$2.6B+3.8%	$2.6B+1.5%	$2.5B
Retained Earnings	$1.1B+3.6%	$1.0B+4.1%	$1.0B+4.2%	$960.3M+2.8%	$934.0M+2.1%	$915.1M+3.1%	$887.2M+3.3%	$858.5M

FHB Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$335.1M+5.5%	$317.5M+24.5%	$255.0M-40.8%	$430.6M+3.2%	$417.1M+99.1%	$209.5M
Capital Expenditures	$31.8M+10.4%	$28.8M+80.0%	$16.0M+20.3%	$13.3M-35.0%	$20.5M-38.7%	$33.4M
Free Cash Flow	$303.3M+5.0%	$288.7M+20.8%	$239.0M-42.7%	$417.3M+5.2%	$396.7M+125.2%	$176.1M
Investing Cash Flow	$264.1M-51.9%	$548.6M-46.5%	$1.0B+206.2%	-$965.1M+59.4%	-$2.4B-13.0%	-$2.1B
Financing Cash Flow	-$291.6M+79.7%	-$1.4B-2045.3%	-$66.9M+66.1%	-$197.4M-109.1%	$2.2B-2.9%	$2.2B
Dividends Paid	$131.0M-1.4%	$132.8M+0.1%	$132.6M0.0%	$132.6M-1.2%	$134.1M-0.7%	$135.1M
Share Buybacks	$100.0M+150.0%	$40.0M	N/A	$9.5M-87.4%	$75.0M+1400.0%	$5.0M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$104.9M+83.8%	$57.1M-58.1%	$136.4M+271.4%	$36.7M-67.7%	$113.8M+93.3%	$58.9M-24.7%	$78.2M+17.3%	$66.6M
Capital Expenditures	$4.9M-35.3%	$7.6M-32.5%	$11.2M+38.4%	$8.1M-28.7%	$11.4M+72.8%	$6.6M+9.8%	$6.0M+23.2%	$4.9M
Free Cash Flow	$100.0M+101.9%	$49.5M-60.4%	$125.2M+337.4%	$28.6M-72.1%	$102.5M+95.9%	$52.3M-27.5%	$72.2M+16.8%	$61.8M
Investing Cash Flow	-$210.9M-201.6%	$207.6M+2529.5%	-$8.5M-103.1%	$275.9M+829.2%	-$37.8M-113.8%	$273.4M+86.9%	$146.3M-12.3%	$166.7M
Financing Cash Flow	-$271.9M-241.7%	$191.9M+542.5%	-$43.4M+74.2%	-$168.3M-886.4%	$21.4M+105.7%	-$374.2M+2.5%	-$384.0M+45.1%	-$699.0M
Dividends Paid	$32.2M-0.5%	$32.3M-3.9%	$33.6M+2.3%	$32.9M-0.8%	$33.1M-0.3%	$33.2M+0.1%	$33.2M+0.1%	$33.2M
Share Buybacks	$26.0M+8.0%	$24.0M-3.8%	$25.0M0.0%	$25.0M	N/A	N/A	N/A	N/A

FHB Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	31.4%+2.9pp	28.5%+0.4pp	28.1%-5.4pp	33.5%-3.6pp	37.1%+11.8pp	25.3%
Return on Equity	10.0%+1.2pp	8.8%-0.7pp	9.4%-2.3pp	11.7%+1.7pp	10.0%+3.2pp	6.8%
Return on Assets	1.1%+0.2pp	1.0%+0.0pp	0.9%-0.1pp	1.1%+0.0pp	1.1%+0.2pp	0.8%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.65-0.5	8.10-0.9	9.03+9.0	0.00-8.4	8.41+1.1	7.26
FCF Margin	34.4%-1.3pp	35.7%+7.1pp	28.6%-24.1pp	52.6%-2.8pp	55.4%+31.4pp	24.0%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	31.0%-1.7pp	32.6%-1.1pp	33.7%+5.6pp	28.1%+0.2pp	27.9%-1.4pp	29.3%-1.0pp	30.3%+3.9pp	26.4%
Return on Equity	2.5%-0.2pp	2.7%-0.0pp	2.7%+0.5pp	2.2%+0.2pp	2.0%-0.3pp	2.3%-0.1pp	2.4%+0.3pp	2.2%
Return on Assets	0.3%-0.0pp	0.3%0.0pp	0.3%+0.1pp	0.3%+0.0pp	0.2%-0.0pp	0.3%0.0pp	0.3%+0.0pp	0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	7.65-0.2	7.81-0.0	7.85-0.1	7.96-0.1	8.10+0.1	7.98-0.4	8.41-0.3	8.66
FCF Margin	44.3%+22.4pp	21.9%-35.7pp	57.5%+44.0pp	13.6%-40.9pp	54.5%+29.6pp	24.9%-10.4pp	35.3%+5.3pp	30.0%

Similar Companies

Fulton Financial FULT

$3.7B

First Interstate Bancsystem FIBK

$3.4B

Wsfs Finl Corp WSFS

$3.5B

Simmons 1St Natl Corp SFNC

$2.8B

Independent Bk Corp Mass INDB

$3.7B

Frequently Asked Questions

What is First Hawaiian Inc's annual revenue?

First Hawaiian Inc (FHB) reported $880.8M in total revenue for fiscal year 2025. This represents a 8.9% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is First Hawaiian Inc's revenue growing?

First Hawaiian Inc (FHB) revenue grew by 8.9% year-over-year, from $808.5M to $880.8M in fiscal year 2025.

Is First Hawaiian Inc profitable?

Yes, First Hawaiian Inc (FHB) reported a net income of $276.3M in fiscal year 2025, with a net profit margin of 31.4%.

What is First Hawaiian Inc's net profit margin?

First Hawaiian Inc (FHB) had a net profit margin of 31.4% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does First Hawaiian Inc pay dividends?

Yes, First Hawaiian Inc (FHB) paid $1.04 per share in dividends during fiscal year 2025.

What is First Hawaiian Inc's return on equity (ROE)?

First Hawaiian Inc (FHB) has a return on equity of 10.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is First Hawaiian Inc's free cash flow?

First Hawaiian Inc (FHB) generated $303.3M in free cash flow during fiscal year 2025. This represents a 5.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is First Hawaiian Inc's operating cash flow?

First Hawaiian Inc (FHB) generated $335.1M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are First Hawaiian Inc's total assets?

First Hawaiian Inc (FHB) had $24.0B in total assets as of fiscal year 2025, including both current and long-term assets.

What are First Hawaiian Inc's capital expenditures?

First Hawaiian Inc (FHB) invested $31.8M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

Does First Hawaiian Inc buy back shares?

Yes, First Hawaiian Inc (FHB) spent $100.0M on share buybacks during fiscal year 2025, returning capital to shareholders by reducing shares outstanding.

How many shares does First Hawaiian Inc have outstanding?

First Hawaiian Inc (FHB) had 123M shares outstanding as of fiscal year 2025.

What is First Hawaiian Inc's debt-to-equity ratio?

First Hawaiian Inc (FHB) had a debt-to-equity ratio of 7.65 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is First Hawaiian Inc's return on assets (ROA)?

First Hawaiian Inc (FHB) had a return on assets of 1.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is First Hawaiian Inc's Piotroski F-Score?

First Hawaiian Inc (FHB) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are First Hawaiian Inc's earnings high quality?

First Hawaiian Inc (FHB) has an earnings quality ratio of 1.21x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is First Hawaiian Inc?

First Hawaiian Inc (FHB) scores 45 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.