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Hawaii's largest bank, providing retail, commercial and wealth-management banking across the islands and Guam/Saipan.
Hawaii's largest bank, providing retail, commercial and wealth-management banking across the islands and Guam/Saipan.
Earns the interest spread on mortgages, commercial real estate and business loans funded largely by low-cost local deposits, plus fees from cards and wealth management. For years it was part of BNP Paribas's US banking group, until BNP gradually sold its stake after the 2016 listing.
Moat: narrow (scale, distribution, brand). Dominant Hawaii branch density and long local heritage are difficult for mainland banks to replicate.
Headquarters: Honolulu, Hawaii, US · Founded: 1858 · Employees: 2,000
Size First Hawaiian (FHB) is a United States Financials company (Regional Banks) with a market value of $3.04B, the 1545th largest of 3,117 United States companies the cockpit tracks. Shares closed at $24.98 on 6 Nov 2026.
Performance Over six months the shares fell 8.6%, against +0.7% for the median peer and -1.1% for the United States market (cap-weighted) — 8th lowest of 21 in its peer set.
Growth Revenue grew 1.1% over the last twelve months (peer median +3.8%); the operating margin is 36.4% (peer median 36.8%).
Valuation It trades at 1.08× book value against a peer median of 1.12× (10th cheapest of 21).
Price implies The share price implies a return on equity of about 9.3%; First Hawaiian delivers 9.9%, so the price asks less than the business earns today.
Short interest Short interest is 10.7% of the free float (15 Oct 2026).
Next results Next results expected around 22 Jan 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.16B | $1.17B | $1.17B | $1.13B | $843M |
| Revenue growth | — | 0% | +4% | +34% | — |
| Net income | $275M | $276M | $230M | $235M | $266M |
| Free cash flow | $365M | $303M | $289M | $239M | $417M |
| Capital expenditure | $17.7M | $31.8M | $28.8M | $16.0M | $13.3M |
| Total debt | $0 | $60.9M | $313M | $564M | $140M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE |
|---|---|---|---|---|---|---|
| First Hawaiian FHB | $3.04B | -9% | +1% | 10% | 1.08× | 9.3% |
| Bank of Hawaii BOH | $2.73B | -13% | +1% | 14% | 1.84× | 13.0% |
| Central Pacific Financial CPF | $974M | +10% | +4% | 15% | 1.68× | 13.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | FHB | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +0.1% | +1.7% | 10th lowest of 21 |
| 6-month return | -8.6% | +0.7% | 8th lowest of 21 |
| Return on equity | 9.9% | 9.5% | 10th highest of 21 |
| Price / book | 1.08× | 1.12× | 10th cheapest of 21 |
| Trailing P/E | 11.2× | 11.7× | 9th cheapest of 19 |
| ROE the price implies | 9.3% | 8.4% | 8th most demanding of 19 |
| ROE delivered | 9.9% | 9.9% | 10th highest of 19 |
| Company | Market | Market cap | 6M return | Revenue growth | ROE | Price / book | Implied ROE | Delivered ROE |
|---|---|---|---|---|---|---|---|---|
| First Hawaiian FHB | United States | $3.04B | -9% | +1% | 10% | 1.08× | 9.3% | 9.9% |
| Cembra Money Bank CMBN.SW | Switzerland | $3.03B | -9% | -3% | 15% | 1.93× | 4.1% | 14.7% |
| Walliser Kantonalbank WKBN.SW | Switzerland | $3.15B | +4% | -12% | 5% | 1.50× | n/a | 5.3% |
| Valiant VATN.SW | Switzerland | $2.93B | -9% | -11% | 6% | 0.86× | n/a | 5.8% |
| UCO Bank UCOBANK.NS | India | $3.17B | -13% | +1% | 9% | 0.86× | 13.6% | n/a |
| Bank of Guiyang 601997.SS | China | $3.20B | -3% | -5% | 7% | 0.32× | 2.0% | 6.9% |
| BNK Financial 138930.KS | South Korea | $2.88B | -31% | +10% | 8% | 0.39× | 4.1% | n/a |
| Banc of California BANC | United States | $2.86B | -6% | -14% | 0% | 1.00× | 8.6% | -0.3% |
| Seacoast Banking Corporation of Florida SBCF | United States | $3.24B | +8% | +29% | 7% | 1.25× | 10.9% | 6.8% |
| Customers Bancorp CUBI | United States | $2.82B | +10% | +8% | 14% | 1.29× | 14.7% | 13.6% |
| TowneBank TOWN | United States | $3.36B | +4% | +36% | 13% | 1.08× | 9.0% | 12.9% |
| Union Bank of Taiwan 2838.TW | Taiwan | $2.75B | +2% | -9% | 8% | 1.06× | 3.7% | 8.5% |
| Taichung Commercial Bank 2812.TW | Taiwan | $3.38B | -12% | -13% | 11% | 1.16× | 3.9% | 11.2% |
| Bank of Hawaii BOH | United States | $2.73B | -13% | +1% | 14% | 1.84× | 13.0% | 13.6% |
| Suruga Bank 8358.T | Japan | $2.73B | +10% | +13% | 14% | 1.32× | 8.2% | 13.7% |
| Mechanics Bancorp MCHB | United States | $3.41B | -1% | +131% | 10% | 1.33× | 14.8% | 10.2% |
| Weihai Bank 9677.HK | Hong Kong | $2.70B | +5% | +6% | 9% | 0.64× | 4.5% | 9.2% |
| First Financial Bancorp FFBC | United States | $3.43B | +6% | +13% | 11% | 1.19× | 10.9% | 10.7% |
| First Bancorp FBNC | United States | $2.67B | +10% | +14% | 10% | 1.56× | 12.2% | 9.9% |
| Xiamen Bank 601187.SS | China | $2.67B | -13% | 0% | 10% | 0.63× | 3.2% | 10.0% |
| Nishi-Nippon Financial 7189.T | Japan | $3.47B | +3% | +28% | 8% | 0.88× | 6.9% | 7.8% |