FHB FY 2025 Earnings Report — First Hawaiian, Inc. Revenue & Financial Results | Market Cap Arena

First Hawaiian, Inc.FHB

FY 2025 Earnings

Reported February 27, 2026

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2025	Prior Q	FY 2024	QoQ Change	YoY Change
Revenue	$1.2B	—	$1.1B	—	3.2%
Op. Income	$354M	—	$293M	—	21.1%
Gross Margin	73.1%	—	67.1%	—	5.9pp
Net Margin	23.6%	—	20.3%	—	3.3pp
EPS (Diluted)	$2.20	—	$1.79	—	22.9%
Free Cash Flow	$303M	—	$289M	—	5.0%

Revenue Flow

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$315M
GROSS PROFIT	$854M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$393M
SG&A Expenses	$401M
Other Expenses	$98M
Operating Expenses	$499M
Cost & Expenses	$814M
OPERATING INCOME	$354M
Interest Income	$951M
Interest Expense	$288M
Other Income/Expenses	$0
INCOME BEFORE TAX	$354M
Income Tax Expense	$78M
Net Income from Continuing Ops	$276M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$276M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$276M
D&A	$0
EBIT	$354M
EBITDA	$354M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$1.2B
Cost of Revenue	$315M
GROSS PROFIT	$854M
R&D Expenses	$0
Selling & Marketing	$9M
General & Administrative	$393M
SG&A Expenses	$401M
Other Expenses	$98M
Operating Expenses	$499M
Cost & Expenses	$814M
OPERATING INCOME	$354M
Interest Income	$951M
Interest Expense	$288M
Other Income/Expenses	$0
INCOME BEFORE TAX	$354M
Income Tax Expense	$78M
Net Income from Continuing Ops	$276M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$276M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$276M
D&A	$0
EBIT	$354M
EBITDA	$354M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$276M
Depreciation & Amortization	$34M
Stock-Based Compensation	$16M
Deferred Income Tax	-$337.0K
Other Non-Cash Items	$23M
Change in Working Capital	-$14M
OPERATING CASH FLOW	$335M
Capital Expenditure	-$32M
Acquisitions (Net)	$0
Purchases of Investments	-$465M
Sales/Maturities of Investments	$671M
Other Investing Activities	$90M
NET CASH FROM INVESTING	$264M
Net Debt Issuance	-$250M
Common Stock Repurchased	-$100M
Common Dividends Paid	-$131M
Other Financing Activities	$189M
NET CASH FROM FINANCING	-$292M
FREE CASH FLOW	$303M
Net Change in Cash	$308M

Balance Sheet

Item	Amount
Cash & Equivalents	$229M
Short-Term Investments	$0
Net Receivables	$78M
Inventory	$0
Other Current Assets	$0
TOTAL CURRENT ASSETS	$306M
PP&E (Net)	$303M
Goodwill	$995M
Intangible Assets	$5M
Long-Term Investments	$0
Tax Assets	$0
Other Non-Current Assets	-$5M
TOTAL NON-CURRENT ASSETS	$1.3B
TOTAL ASSETS	$24.0B
Account Payables	$0
Short-Term Debt	$0
Deferred Revenue	$0
Other Current Liabilities	$10.8B
TOTAL CURRENT LIABILITIES	$10.8B
Long-Term Debt	$0
Deferred Revenue NC	$0
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$0
TOTAL NON-CURRENT LIABILITIES	$0
TOTAL LIABILITIES	$21.2B
Common Stock	$1M
Additional Paid-In Capital	$2.6B
Retained Earnings	$1.1B
Treasury Stock	-$519M
Accum. Other Comp. Income	-$368M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.8B
Minority Interest	$0
TOTAL EQUITY	$2.8B
TOTAL LIABILITIES & EQUITY	$24.0B
Total Debt	$0
Net Debt	-$229M