First Hawaiian, Inc. (FHB) Stock

First Hawaiian, Inc. (FHB) is a Financials stock trading at $26.61 (as of 2026-08-20), with a market capitalization of $3.24B and a trailing P/E of 11.4. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

First Hawaiian, Inc. is a bank holding company for First Hawaiian Bank, providing banking and related financial services to consumer and commercial customers in the United States. It operates through Retail Banking, Commercial Banking, and Treasury and Other, offering deposit accounts, mortgage and other lending products, and treasury and merchant services.

Understand First Hawaiian, Inc.: how it makes money

First Hawaiian, Inc. is a bank holding company that takes deposits and provides residential and commercial lending (including mortgages, home equity, auto, personal credit, and small business loans), and it earns money through the spread and activity of this deposit-funded lending business.

As a deposit-taking lender, the company’s profit engine is the relationship between its deposit base and its loan and lease portfolio, because deposits are the funding source for the loans it generates.

Business quality (Solid): The provided operating read-through is mainly balance-sheet focused (deposits, loans, and branch footprint), so it is useful for tracking funding and lending scale, but it does not include detailed income drivers like net interest income or fee trends.

Valuation: At 12× earnings, FHB trades in line with the Banking average (13×). Note: one-time items can distort reported P/E.

Bull case

  • Large, core funding base: Deposits at period end are 22.3 USD_B (and deposit balances are 21.3 USD_B), giving the company substantial funding capacity for its lending.
  • Meaningful loan and lease portfolio: Loans and Leases are 14.4 USD_B, indicating a sizable use of that deposit funding.

Bear case

  • Deposit softness in both retail and commercial: Commercial Deposits Decrease is 0.13 USD_B and Retail Deposits Decline is 0.04 USD_B, which can pressure the funding side of the profit engine.
  • Dealer floor plan exposure exists, but details are limited: Dealer Floor Plan Balances are 0.79 USD_B, but the provided facts do not explain credit performance or how this portion of the portfolio is trending.
Valuation — source: SEC EDGAR (first-party)
Price$26.61
Market Cap$3.24B
P/E Ratio11.4
EV / EBITDA5.8
Price / Book1.15
Price / Sales3.58
FCF Yield9.7%
DCF Value (model)$41.65
DCF Upside vs Price56.5%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$880.79M
Net Margin31.4%
Revenue Growth (YoY)6.3%
EPS Growth (YoY)3.4%
FCF Growth (YoY)-93.8%
Valuation vs Sector & Industry
Stock P/E11.4
Sector P/E (Financials)15.1
Industry P/E (Banking)12.9
vs Sector-24.9%
vs Industry-12.0%
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderBlackRock, Inc. ($402.74M)
Institutional Holders Tracked10
Congressional Trades (recent)3
Company
SectorFinancials
IndustryBanking
CEORobert Scott Harrison
Employees1,995
CountryUS
IPO Date2016-08-05

Related Companies (Business model: Universal / Commercial Bank; 8 closest by market cap; US-domiciled)

  • Independent Bank Corp. (INDB)
  • Renasant Corporation (RNST)
  • Mechanics Bank (MCHB)
  • First Interstate BancSystem, Inc. (FIBK)
  • Seacoast Banking Corporation of Florida (SBCF)
  • Bank of Hawaii Corporation (BOH)
  • FB Financial Corporation (FBK)
  • Customers Bancorp, Inc. (CUBI)
FHB earnings history · FHB institutional & insider holders · FHB KPIs & operating metrics · FHB financials · FHB investor presentations & press releases · FHB SEC filings · FHB peers · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.