First Hawaiian (FHB) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

First Hawaiian

NasdaqGS•Financial Services•Banks - Regional

$25.71+0.10(<0.01%)Market open

Market Cap

$3.12B

P/E

10.9x

P/S

2.7x

P/B

1.1x

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.

How this company scores

GoodMetricSide Score: 72/100

Strongest: Profitability (23/25); weakest: Balance Sheet & Red Flags (10/25).

Profitability23/25

Growth18/25

Balance Sheet & Red Flags10/25

Cash & Earnings Quality21/25

Strengths

Strong marginsRising earningsCash-backed earningsConsistent free cash flow

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 10.9x5y range 8.3x – 14.3x

Currently near its 20-quarter median.

P/S · 2.7x5y range 2.1x – 5.1x

Currently near its 20-quarter median.

P/B · 1.1x5y range 1.0x – 1.6x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Earnings Quality

Watch

FCF/Net Income has dropped below 0.7x in 3 quarters — monitor for earnings quality deterioration.

Revenue Decline

Watch

Revenue has softened, declining in 5 quarters. Watch for further erosion.

Price & Volume

Market Cap $3.12B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.17B
Q. Revenue: $292.65M
TTM EBITDA: $420.76M
TTM Op. Income: $371.89M
Q. Op. Income: $95.23M
TTM Net Income: $284.93M
Q. Net Income: $73.38M
EPS: $0.6
Shares Out.: $121.67M

$1.17B in TTM revenue grew 1.6% YoY, reaching $292.65M last quarter. TTM EBITDA of $420.76M and TTM operating income of $371.89M show growth is flowing through to the bottom line. TTM net income of $284.93M means revenue is converting into profit. Over the past year, TTM revenue is up 2% — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 79.0%
EBITDA Margin: 35.1%
Op. Margin: 32.5%
Net Margin: 25.1%

Op. margin of 32.5% is up 2.2% YoY — cost efficiency is improving. Net margin at 25.1% and gross margin of 79.0% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 7% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 10.9x
P/S Ratio: 2.7x
P/B Ratio: 1.1x

At 10.9x P/E, the stock trades below typical market levels. P/S of 2.7x and P/B of 1.1x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is down 14% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $23.65B
Cash: $1.01B
Long-Term Debt: N/A
Book Value: $2.83B
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $13.19M
TTM Free Cash Flow: $312.65M
FCF Margin: 26.8%
FCF / Net Income: 1.1

TTM FCF of $312.65M on $13.19M in operating cash flow. The FCF / Net Income ratio of 1.1x means free cash flow covers net income — earnings are backed by cash. Over the past year, free cash flow is up 1% — a weakening trend.