📊 FHB Key Takeaways
Is FHB a Good Investment? Thesis Analysis
First Hawaiian demonstrates solid operational profitability with a 31.4% net margin and strong free cash flow generation of $303.3M, supported by a conservative balance sheet with 0.18x debt-to-equity. However, revenue contraction of 7.4% YoY and modest ROE of 10% indicate slowing growth momentum that warrants cautious observation before increasing exposure.
Why Buy FHB? Key Strengths
- Strong net profit margin of 31.4% reflects efficient operations typical of well-managed regional banks
- Robust free cash flow of $303.3M with 34.4% FCF margin provides flexibility for capital allocation and shareholder returns
- Conservative balance sheet with low leverage (0.18x debt-to-equity) and $1.5B cash position provides financial stability
- Solid interest coverage ratio of 3.9x indicates adequate debt servicing capacity
- Significant insider activity with 29 Form 4 filings suggests management engagement
FHB Investment Risks to Consider
- Revenue declined 7.4% year-over-year, signaling potential headwinds in lending or fee-generating businesses
- ROE of 10% is below typical expectations for well-capitalized regional banks, suggesting suboptimal capital efficiency
- ROA of 1.2% is modest for a bank, indicating limited profitability relative to total assets
- Flat net income growth (0.0% YoY) despite earnings per share growth of 22.9% suggests share buyback-driven EPS accretion rather than organic growth
- Operating margin of 40.2% may not be sustainable given revenue pressure
Key Metrics to Watch
- Quarterly net interest margin (NIM) trends to assess lending environment impact
- Non-interest income growth to identify diversification and fee generation sustainability
- Loan loss provisions relative to portfolio growth to monitor credit quality
- Capital adequacy ratios and regulatory compliance metrics
- Return on equity trajectory and organic growth acceleration beyond buyback effects
FHB Financial Metrics
💡 AI Analyst Insight
The 34.4% free cash flow margin provides substantial flexibility for dividends, buybacks, and strategic investments. The current ratio below 1.0x warrants monitoring of short-term liquidity.
FHB Profitability Ratios
FHB vs Finance Sector
How FIRST HAWAIIAN, INC. compares to Finance sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is FHB Overvalued or Undervalued?
Based on fundamental analysis, FIRST HAWAIIAN, INC. appears fundamentally strong relative to the Finance sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
FHB Balance Sheet & Liquidity
FHB 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: FIRST HAWAIIAN, INC.'s revenue has grown significantly by 15% over the 5-year period, indicating strong business expansion. The most recent EPS of $1.84 reflects profitable operations.
FHB Growth Metrics (YoY)
FHB Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $210.0M | $61.5M | $0.48 |
| Q2 2025 | $204.6M | $61.9M | $0.48 |
| Q1 2025 | $205.8M | $54.2M | $0.42 |
| Q3 2024 | $203.2M | $58.2M | $0.46 |
| Q2 2024 | $204.6M | $61.9M | $0.48 |
| Q1 2024 | $205.8M | $54.2M | $0.42 |
| Q3 2023 | $203.2M | $58.2M | $0.46 |
| Q2 2023 | $189.3M | $59.4M | $0.46 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
FHB Capital Allocation
FHB SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for FIRST HAWAIIAN, INC. (CIK: 0000036377)
📋 Recent SEC Filings
| Date | Form | Document | Action |
|---|---|---|---|
| Mar 12, 2026 | DEF 14A | tm2532317-1_def14a.htm | View → |
| Mar 2, 2026 | 4 | xslF345X05/form4-03022026_060348.xml | View → |
| Mar 2, 2026 | 4 | xslF345X05/form4-03022026_060318.xml | View → |
| Mar 2, 2026 | 4 | xslF345X05/form4-03022026_060326.xml | View → |
| Mar 2, 2026 | 4 | xslF345X05/form4-03022026_060355.xml | View → |
❓ Frequently Asked Questions about FHB
What is the AI rating for FHB?
FIRST HAWAIIAN, INC. (FHB) has an AI rating of HOLD with 65% confidence, based on fundamental analysis of SEC EDGAR filings.
What are FHB's key strengths?
Claude: Strong net profit margin of 31.4% reflects efficient operations typical of well-managed regional banks. Robust free cash flow of $303.3M with 34.4% FCF margin provides flexibility for capital allocation and shareholder returns.
What are the risks of investing in FHB?
Claude: Revenue declined 7.4% year-over-year, signaling potential headwinds in lending or fee-generating businesses. ROE of 10% is below typical expectations for well-capitalized regional banks, suggesting suboptimal capital efficiency.
What is FHB's revenue and growth?
FIRST HAWAIIAN, INC. reported revenue of $880.8M.
Does FHB pay dividends?
FIRST HAWAIIAN, INC. pays dividends, with $131.0M distributed to shareholders in the trailing twelve months.
Where can I find FHB SEC filings?
Official SEC filings for FIRST HAWAIIAN, INC. (CIK: 0000036377) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is FHB's EPS?
FIRST HAWAIIAN, INC. has a diluted EPS of $2.20.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is FHB a good stock to buy right now?
Based on our AI fundamental analysis in March 2026, FIRST HAWAIIAN, INC. has a HOLD rating with 65% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is FHB stock overvalued or undervalued?
Valuation metrics for FHB: ROE of 10.0% (sector avg: 12%), net margin of 31.4% (sector avg: 25%). Compare these metrics with sector averages to assess valuation.
Should I buy FHB stock in 2026?
Our dual AI analysis gives FIRST HAWAIIAN, INC. a combined HOLD rating for 2026. Revenue is data pending, with profitability above sector average. Always conduct your own research.
What is FHB's free cash flow?
FIRST HAWAIIAN, INC.'s operating cash flow is $335.1M, with capital expenditures of $31.8M. FCF margin is 34.4%.
How does FHB compare to other Finance stocks?
Vs Finance sector averages: Net margin 31.4% (avg: 25%), ROE 10.0% (avg: 12%), current ratio N/A (avg: 1.2).