Is First Hawaiian (FHB) overvalued or fairly valued?

MarketChacha shows First Hawaiian's valuation in context — a trailing P/E of about 10.9, a forward P/E of about 10.0, a price-to-book of about 1.1 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does First Hawaiian's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (1.22×) from reported figures — education, not a rating.

What is First Hawaiian's revenue?

First Hawaiian reported revenue of $880.8M for FY2025, with net profit of $276.3M, per official filings.

What is the share price of First Hawaiian (FHB)?

First Hawaiian last traded at $25.34 (+1.6% on the day), as of 10/20/2026 — a delayed quote shown for education, not investment advice.

First Hawaiian

FHB · NYSE · Financials · United States

Snapshot

TickerFHB

ExchangeNYSE

SectorFinancials

IndustryBanks - Regional

CountryUnited States

Employees1,995

HeadquartersHonolulu, United States

Websitewww.fhb.com

Filings tracked15

About First Hawaiian

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.

Who owns it

Insiders0.7%
Institutions99.3%
Public & other0.0%

491 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.13.57%
Kayne Anderson Rudnick Investment Management LLC9.49%
Vanguard Portfolio Management LLC7.17%
Dimensional Fund Advisors LP5.69%
State Street Corporation5.63%
Vanguard Capital Management LLC4.57%
AQR Capital Management, LLC4.30%
FMR, LLC3.65%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion1.22×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Net margin trend28.1% → 31.4%

Margin has expanded by about 3.3 points — the business is getting more profitable.

Growth qualityrev 3% · PAT 8%

Profit growth is broadly tracking revenue growth — the earnings trend looks operational rather than one-off.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $268.0M · EPS 0.60

Est. earnings growth +7.7%

Next fiscal year

Rev $1.4B · EPS 2.53

Est. earnings growth +7.3%

Analyst consensus estimates — not the company's own guidance.

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

Revenue (FY2025)

$880.8M

Net margin

31.4%

ROE

10.0%

Revenue CAGR (2y)

+2.6%

Profit CAGR (2y)

+8.4%

EPS (FY2025)

2.20

Net profit (FY2025)

$276.3M

Ask MarketChacha about FHB

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Revenue	Net profit	EPS	Net margin	ROE
FY2025	$880.8M	$276.3M	2.20	31.4%	10.0%
FY2024	$808.5M	$230.1M	1.79	28.5%	8.8%
FY2023	$836.9M	$235.0M	1.84	28.1%	9.5%

Quarterly

Period	Revenue	Net profit	EPS	Net margin
2026Q2	$231.3M	$73.4M	0.60	31.7%
2026Q1	$220.3M	$67.8M	0.55	30.8%
2025Q3	$226.4M	$73.8M	0.59	32.6%
2025Q2	$217.5M	$73.2M	0.58	33.7%
2025Q1	$211.0M	$59.2M	0.47	28.1%
2024Q3	$210.0M	$61.5M	0.48	29.3%
2024Q2	$204.6M	$61.9M	0.48	30.3%
2024Q1	$205.8M	$54.2M	0.42	26.3%
2023Q3	$203.2M	$58.2M	0.46	28.6%
2023Q2	$207.3M	$62.4M	0.49	30.1%
2023Q1	$216.3M	$66.8M	0.52	30.9%

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC8/3/2026
8-K — Results of operations, Exhibits
SEC7/24/2026material
8-K — Material agreement, Exhibits
SEC7/15/2026material
8-K — Results of operations, Reg FD disclosure, Other events, Exhibits
SEC7/13/2026material
10-Q filing
SEC5/4/2026
8-K — Results of operations, Exhibits
SEC4/24/2026material
8-K — Bylaw/charter change, Shareholder vote results, Exhibits
SEC4/24/2026material
10-K filing
SEC2/27/2026
8-K — Executive/director change, Exhibits
SEC2/24/2026material
8-K — Reg FD disclosure, Exhibits
SEC2/6/2026material
8-K — Results of operations, Exhibits
SEC1/30/2026material

2025

10-Q filing
SEC11/3/2025
8-K — Results of operations, Exhibits
SEC10/24/2025material
10-Q filing
SEC8/4/2025
8-K — Results of operations, Exhibits
SEC7/25/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.