FHB
First Hawaiian, Inc.25.93
-0.13-0.5%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Loans back-loaded to H2
Q&A revealed First Hawaiian's 3-4% 2026 loan growth will skew lower in H1 before H2 pickup as multifamily pipelines—booked post-SVB—finally fund, offsetting early CRE payoffs from hungry permanent lenders. Management unpacked NIM guide with $400M quarterly fixed-asset repricing at 150bps, deposit betas dropping to 30-35% on two cuts, and spread competition curbing new loan yields. Expenses at $520M signal normalization after tech efficiencies tamed prior growth; buybacks continue apace under flexible $250M authorization, M&A a distant option. Answers largely affirmed scripted outlook. Watch H2 momentum.
Key Stats
Market Cap
3.23BP/E (TTM)
12.65Basic EPS (TTM)
2.05Dividend Yield
0.04%Recent Filings
10-K
FY2025 results
First Hawaiian posted $276.3M net income for FY2025 ended December 31, 2025, up 20% y/y, with diluted EPS of $2.20 on 125.5M shares. Net interest income climbed 7% to $663.7M (margin 3.15%, +20bps), fueled by deposit costs dropping to 2.06% (-45bps) while loan yields eased to 5.45% (-20bps); loans held steady at $14.3B. Noninterest income surged 17% to $217.0M sans 2024's $26.2M securities loss, though expenses ticked down 0.4% to $499.3M. Q4 repurchases exhausted the $100M program. NPAs doubled to 0.29% amid rising nonaccruals. Hawaii's economy softens.
8-K
Arizumi retires; Tottori succeeds
First Hawaiian, Inc. announced Vice Chairman Alan Arizumi's retirement from the Wealth Management Group, effective April 3, 2026, after over 40 years. Executive VP Michael Tottori steps in, joining the senior management committee with deep internal experience. Smooth transition preserves leadership continuity. No financial impacts disclosed.
8-K
Q4 results investor update
First Hawaiian disclosed its February 2026 investor presentation under Regulation FD, highlighting $24B assets, $20.5B deposits, and $14.3B loans as of Dec 31, 2025. Q4 net income hit $69.9M with 15.8% ROATCE, while repurchasing $26M in shares. Hawaii's cost-advantaged deposits fuel disciplined growth. Credit quality stays robust.
8-K
Q4 earnings, loan growth
10-Q
Q3 FY2025 results
First Hawaiian's Q3 netted $73.8M income, up 20% y/y, with diluted EPS $0.59 (derived: $73.8M / 125M shares). Net interest income climbed 8% y/y to $169.3M on 24bps NIM expansion to 3.19%, fueled by deposit costs dropping 19% y/y while loan yields eased 23bps. Provision fell 39% y/y to $4.5M amid stable asset quality (nonaccruals 0.22%); noninterest income rose 7% y/y on fees and BOLI. Deposits grew 2% q/q to $20.7B, cash swelled to $1.9B, no borrowings. Repurchased $24M stock YTD. CET1 strengthened to 13.24%. Hawaii's tourism reliance exposes tourism risks.
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