(FHB) First Hawaiian - Overview
Sector: Financial Services | Industry: Banks - Regional | Exchange: NASDAQ (USA) | Market Cap: 3.300m USD | Total Return: 20.8% in 12m
Avg Turnover: 41.7M
EPS Trend: 25.4%
Qual. Beats: 0
Rev. Trend: 67.2%
Qual. Beats: 0
Warnings
Choppy
Tailwinds
Confidence
First Hawaiian, Inc. (FHB) is a bank holding company headquartered in Honolulu, operating primarily through its subsidiary, First Hawaiian Bank. Established in 1858, the institution manages two core segments: Retail Banking and Commercial Banking. Its portfolio includes traditional deposit products, residential and commercial mortgages, consumer credit, and wealth management services. The company utilizes a multi-channel distribution strategy encompassing physical branches, mobile platforms, and online banking.
As a regional bank, First Hawaiian’s business model relies heavily on the interest rate spread between its loan portfolio and deposit costs, a metric often influenced by the unique economic conditions of the Hawaiian islands. Regional banks in the United States are currently navigating a landscape defined by heightened regulatory scrutiny and the management of commercial real estate exposure. You can further evaluate these risk factors and valuation metrics by exploring the data on ValueRay.
The firm provides specialized commercial services such as auto dealer flooring and construction lending alongside its private banking and estate trust operations. Formerly known as BancWest Corporation, the entity rebranded in 2016 while maintaining its historical focus on the Pacific regions financial needs.
- Hawaii tourism recovery and local economic health dictate loan demand growth
- Net interest margin sensitivity to Federal Reserve monetary policy shifts
- Commercial real estate concentration in Oahu market influences credit loss provisions
- Deposit beta management impacts funding costs in a high-rate environment
- Non-interest income growth driven by wealth management and merchant processing fees
| Net Income: 284.8m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.02 > 0.02 and ΔFCF/TA 0.70 > 1.0 |
| NWC/Revenue: -917.5% < 20% (prev -1.66k%; Δ 743.8% < -1%) |
| CFO/TA 0.02 > 3% & CFO 458.1m > Net Income 284.8m |
| Net Debt (-225.7m) to EBITDA (398.3m): -0.57 < 3 |
| Current Ratio: 0.03 > 1.5 & < 3 |
| Outstanding Shares: last quarter (123.3m) vs 12m ago -3.00% < -2% |
| Gross Margin: 74.15% > 18% (prev 0.68%; Δ 7.35k% > 0.5%) |
| Asset Turnover: 4.78% > 50% (prev 4.72%; Δ 0.06% > 0%) |
| Interest Coverage Ratio: 1.33 > 6 (EBITDA TTM 398.3m / Interest Expense TTM 275.1m) |
| A: -0.43 (Total Current Assets 303.0m - Total Current Liabilities 10.8b) / Total Assets 24.3b |
| B: 0.05 (Retained Earnings 1.11b / Total Assets 24.3b) |
| C: 0.02 (EBIT TTM 364.8m / Avg Total Assets 24.0b) |
| D: 0.03 (Book Value of Equity 743.4m / Total Liabilities 21.5b) |
| Altman-Z'' = -2.56 = D |
| DSRI: 0.15 (Receivables 77.3m/514.0m, Revenue 1.15b/1.12b) |
| GMI: 0.92 (GM 74.15% / 67.88%) |
| AQI: 1.07 (AQ_t 0.98 / AQ_t-1 0.91) |
| SGI: 1.02 (Revenue 1.15b / 1.12b) |
| TATA: -0.01 (NI 284.8m - CFO 458.1m) / TA 24.3b) |
| Beneish M = -3.75 (Cap -4..+1) = AAA |
As of May 24, 2026, the stock is trading at USD 27.27 with a total of 1,340,652 shares traded.
Over the past week, the price has changed by +4.59%,
over one month by +3.14%,
over three months by +10.31% and
over the past year by +20.78%.
First Hawaiian has received a consensus analysts rating of 2.38. Therefore, it is recommended to sell FHB.
- StrongBuy: 0
- Buy: 0
- Hold: 4
- Sell: 3
- StrongSell: 1
| Analysts Target Price | 28 | 2.7% |
P/E Forward = 13.9665
P/S = 3.8003
P/B = 1.1937
P/EG = 3.05
Revenue TTM = 1.15b USD
EBIT TTM = 364.8m USD
EBITDA TTM = 398.3m USD
Long Term Debt = unknown (none)
Short Term Debt = unknown (none)
Debt = 10.0k USD (Leases only: 10.0k)
Net Debt = -225.7m USD (calculated: Debt 10.0k - CCE 225.7m)
Enterprise Value = 3.07b USD (3.30b + Debt 10.0k - CCE 225.7m)
Interest Coverage Ratio = 1.33 (Ebit TTM 364.8m / Interest Expense TTM 275.1m)
EV/FCF = 7.15x (Enterprise Value 3.07b / FCF TTM 430.1m)
FCF Yield = 13.99% (FCF TTM 430.1m / Enterprise Value 3.07b)
FCF Margin = 37.46% (FCF TTM 430.1m / Revenue TTM 1.15b)
Net Margin = 24.81% (Net Income TTM 284.8m / Revenue TTM 1.15b)
Gross Margin = 74.15% ((Revenue TTM 1.15b - Cost of Revenue TTM 296.8m) / Revenue TTM)
Gross Margin QoQ = 76.23% (prev 74.61%)
Tobins Q-Ratio = 0.13 (Enterprise Value 3.07b / Total Assets 24.3b)
Interest Expense / Debt = 2.75m% (Interest Expense 275.1m / Debt 10.0k)
Taxrate = 22.50% (19.7m / 87.5m)
NOPAT = 282.7m (EBIT 364.8m * (1 - 22.50%))
Current Ratio = 0.03 (Total Current Assets 303.0m / Total Current Liabilities 10.8b)
Debt / Equity = 0.00 (Debt 10.0k / totalStockholderEquity, last quarter 2.77b)
Debt / EBITDA = -0.57 (Net Debt -225.7m / EBITDA 398.3m)
Debt / FCF = -0.52 (Net Debt -225.7m / FCF TTM 430.1m)
Total Stockholder Equity = 2.74b (last 4 quarters mean from totalStockholderEquity)
RoA = 1.19% (Net Income 284.8m / Total Assets 24.3b)
RoE = 10.39% (Net Income TTM 284.8m / Total Stockholder Equity 2.74b)
RoCE = 2.72% (EBIT 364.8m / Capital Employed (Total Assets 24.3b - Current Liab 10.8b))
RoIC = 2.14% (NOPAT 282.7m / Invested Capital 13.2b)
WACC = 9.27% (E(3.30b)/V(3.30b) * Re(9.27%) + (debt cost/tax rate unavailable))
Discount Rate = 9.27% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -68.89 | Cagr: -1.64%
[DCF] Terminal Value 75.05% ; FCFF base≈360.3m ; Y1≈413.0m ; Y5≈607.8m
[DCF] Fair Price = 66.56 (EV 7.87b - Net Debt -225.7m = Equity 8.10b / Shares 121.6m; r=9.27% [WACC]; 5y FCF grow 15.0% → 2.50% )
EPS Correlation: 25.36 | EPS CAGR: 2.71% | SUE: 0.61 | # QB: 0
Revenue Correlation: 67.15 | Revenue CAGR: 3.72% | SUE: 0.61 | # QB: 0
EPS current Quarter (2026-06-30): EPS=0.58 | Chg30d=+5.11% | Revisions=+69% | Analysts=9
EPS next Quarter (2026-09-30): EPS=0.60 | Chg30d=+4.50% | Revisions=+69% | Analysts=9
EPS current Year (2026-12-31): EPS=2.32 | Chg30d=+3.83% | Revisions=+69% | GrowthEPS=+5.5% | GrowthRev=+3.9%
EPS next Year (2027-12-31): EPS=2.46 | Chg30d=+3.40% | Revisions=+54% | GrowthEPS=+5.8% | GrowthRev=+3.6%
[Analyst] Revisions Ratio: +69%