FHB FY 2024 Earnings Report — First Hawaiian, Inc. Revenue & Financial Results | Market Cap Arena

First Hawaiian, Inc.FHB

FY 2024 Earnings

Reported February 28, 2025

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2024	Prior Q	FY 2023	QoQ Change	YoY Change
Revenue	$1.1B	—	$1.1B	—	3.6%
Op. Income	$293M	—	$309M	—	-5.4%
Gross Margin	67.1%	—	71.3%	—	-4.1pp
Net Margin	20.3%	—	21.5%	—	-1.2pp
EPS (Diluted)	$1.79	—	$1.84	—	-2.7%
Free Cash Flow	$289M	—	$239M	—	20.8%

Revenue Flow

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$372M
GROSS PROFIT	$760M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$236M
SG&A Expenses	$243M
Other Expenses	$224M
Operating Expenses	$467M
Cost & Expenses	$839M
OPERATING INCOME	$293M
Interest Income	$980M
Interest Expense	$357M
Other Income/Expenses	$0
INCOME BEFORE TAX	$293M
Income Tax Expense	$62M
Net Income from Continuing Ops	$230M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$230M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$230M
D&A	$38M
EBIT	$293M
EBITDA	$331M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.1B
Cost of Revenue	$372M
GROSS PROFIT	$760M
R&D Expenses	$0
Selling & Marketing	$8M
General & Administrative	$236M
SG&A Expenses	$243M
Other Expenses	$224M
Operating Expenses	$467M
Cost & Expenses	$839M
OPERATING INCOME	$293M
Interest Income	$980M
Interest Expense	$357M
Other Income/Expenses	$0
INCOME BEFORE TAX	$293M
Income Tax Expense	$62M
Net Income from Continuing Ops	$230M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$230M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$230M
D&A	$38M
EBIT	$293M
EBITDA	$331M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$230M
Depreciation & Amortization	$38M
Stock-Based Compensation	$12M
Deferred Income Tax	-$11M
Other Non-Cash Items	$38M
Change in Working Capital	$11M
OPERATING CASH FLOW	$318M
Capital Expenditure	-$29M
Acquisitions (Net)	$0
Purchases of Investments	-$334M
Sales/Maturities of Investments	$934M
Other Investing Activities	-$23M
NET CASH FROM INVESTING	$549M
Net Debt Issuance	-$250M
Common Stock Repurchased	-$40M
Common Dividends Paid	-$133M
Other Financing Activities	-$1.0B
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$289M
Net Change in Cash	-$570M

Balance Sheet

Item	Amount
Cash & Equivalents	$1.2B
Short-Term Investments	$8M
Net Receivables	$512M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.7B
PP&E (Net)	$289M
Goodwill	$995M
Intangible Assets	$5M
Long-Term Investments	$19.5B
Tax Assets	$0
Other Non-Current Assets	$1.3B
TOTAL NON-CURRENT ASSETS	$22.1B
TOTAL ASSETS	$23.8B
Account Payables	$0
Short-Term Debt	$250M
Deferred Revenue	$0
Other Current Liabilities	$20.3B
TOTAL CURRENT LIABILITIES	$20.7B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$541M
TOTAL NON-CURRENT LIABILITIES	$541M
TOTAL LIABILITIES	$21.2B
Common Stock	$1M
Additional Paid-In Capital	$2.6B
Retained Earnings	$934M
Treasury Stock	-$414M
Accum. Other Comp. Income	-$464M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.6B
Minority Interest	$0
TOTAL EQUITY	$2.6B
TOTAL LIABILITIES & EQUITY	$23.8B
Total Debt	$250M
Net Debt	-$920M