FIRST HAWAIIAN, INC. (FHB) financial statements: income statement, balance sheet and cash flow
FIRST HAWAIIAN, INC.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), FIRST HAWAIIAN, INC. reported net income of $276.3M (+20.0% year on year).
Income statement
FIRST HAWAIIAN, INC. income statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Loans and lease financing
$774.4M
$805.9M
$748.1M
$509.8M
Available-for-sale investment securities
$54.1M
$54.3M
$74.2M
$87.1M
Held-to-maturity investment securities
$64.6M
$69.4M
$73.5M
$55.4M
Other
$58.2M
$50.4M
$27.8M
$10.9M
Total interest income
$951.3M
$980.0M
$923.6M
$663.2M
Deposits
$279.3M
$335.7M
$258.2M
$49.2M
Short-term and long-term borrowings
$7.4M
$20.0M
$26.3M
$470.0K
Other
$850.0K
$1.6M
$2.9M
—
Total interest expense
$287.6M
$357.3M
$287.5M
$49.7M
Net interest income
$663.7M
$622.7M
$636.1M
$613.5M
Provision for credit losses
$27.2M
$14.8M
$26.6M
$1.4M
Net interest income after provision for credit losses
$636.5M
$608.0M
$609.5M
$612.2M
Service charges on deposit accounts
$31.6M
$31.1M
$29.6M
$28.8M
Credit and debit card fees
$61.8M
$64.4M
$63.9M
$66.0M
Other service charges and fees
$53.2M
$45.9M
$37.3M
$37.0M
Trust and investment services income
$36.9M
$38.3M
$38.4M
$36.5M
Bank-owned life insurance
$20.6M
$17.9M
$15.3M
$1.2M
Investment securities gains (losses), net
$37.0K
($26.2M)
$792.0K
—
Other
$12.9M
$14.5M
$15.4M
$9.9M
Total noninterest income
$217.0M
$185.8M
$200.8M
$179.5M
Salaries and employee benefits
$245.9M
$235.6M
$225.8M
$199.1M
Contracted services and professional fees
$60.3M
$60.9M
$66.4M
$70.0M
Occupancy
$30.2M
$29.0M
$29.6M
$31.0M
Equipment
$56.3M
$53.9M
$45.1M
$34.5M
Regulatory assessment and fees
$12.1M
$19.1M
$32.1M
$9.6M
Advertising and marketing
$8.6M
$7.7M
$7.6M
$8.0M
Card rewards program
$33.4M
$33.8M
$31.6M
$31.0M
Other
$52.6M
$61.2M
$62.9M
$57.2M
Total noninterest expense
$499.3M
$501.2M
$501.1M
$440.5M
Income before provision for income taxes
$354.2M
$292.6M
$309.2M
$351.2M
Provision for income taxes
$78.0M
$62.5M
$74.2M
$85.5M
Net income
$276.3M
$230.1M
$235.0M
$265.7M
Basic earnings per share
$2.21
$1.80
$1.84
$2.08
Diluted earnings per share
$2.20
$1.79
$1.84
$2.08
Basic weighted-average outstanding shares
124.8M
127.7M
127.6M
127.5M
Diluted weighted-average outstanding shares
125.5M
128.3M
127.9M
128.0M
FIRST HAWAIIAN, INC. income statement, quarters
Line item
Jun 30, 2026 · Q2
Mar 31, 2026 · Q1
Sep 30, 2025 · Q3
Jun 30, 2025 · Q2
Loans and lease financing
$190.7M
$186.4M
$196.4M
$193.4M
Available-for-sale investment securities
$15.9M
$14.9M
$13.5M
$12.5M
Held-to-maturity investment securities
$15.1M
$15.1M
$15.9M
$16.3M
Other
$10.7M
$13.4M
$16.7M
$14.6M
Total interest income
$232.4M
$229.7M
$242.6M
$236.7M
Deposits
$61.2M
$62.1M
$70.9M
$70.3M
Other
$154.0K
$104.0K
$198.0K
$240.0K
Total interest expense
$61.4M
$62.2M
$73.2M
$73.2M
Net interest income
$171.0M
$167.5M
$169.3M
$163.6M
Provision for credit losses
$5.6M
$5.0M
$4.5M
$4.5M
Net interest income after provision for credit losses
$165.4M
$162.5M
$164.8M
$159.1M
Service charges on deposit accounts
$8.3M
$8.2M
$8.1M
$7.8M
Credit and debit card fees
$15.4M
$15.1M
$15.8M
$15.9M
Other service charges and fees
$14.4M
$13.8M
$13.8M
$13.3M
Trust and investment services income
$9.1M
$9.1M
$9.2M
$9.2M
Bank-owned life insurance
$7.1M
$4.1M
$6.3M
$4.7M
Other
$6.0M
$2.6M
$3.8M
$3.0M
Total noninterest income
$60.3M
$52.8M
$57.1M
$54.0M
Salaries and employee benefits
$62.4M
$64.1M
$61.5M
$59.5M
Contracted services and professional fees
$18.4M
$14.0M
$15.8M
$16.0M
Occupancy
$7.9M
$7.8M
$7.1M
$7.9M
Equipment
$14.6M
$14.8M
$13.8M
$14.0M
Regulatory assessment and fees
$3.4M
$3.2M
$3.3M
$3.8M
Advertising and marketing
$2.2M
$2.3M
$2.0M
$2.0M
Card rewards program
$8.4M
$8.4M
$8.7M
$8.4M
Other
$13.2M
$13.3M
$13.5M
$13.3M
Total noninterest expense
$130.4M
$127.9M
$125.7M
$124.9M
Income before provision for income taxes
$95.2M
$87.5M
$96.1M
$88.1M
Provision for income taxes
$21.9M
$19.7M
$22.3M
$14.9M
Net income
$73.4M
$67.8M
$73.8M
$73.2M
Basic earnings per share
$0.60
$0.55
$0.59
$0.58
Diluted earnings per share
$0.60
$0.55
$0.59
$0.58
Basic weighted-average outstanding shares
121.7M
122.5M
124.3M
125.3M
Diluted weighted-average outstanding shares
122.3M
123.3M
125.0M
125.8M
Balance sheet
FIRST HAWAIIAN, INC. balance sheet, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Cash and due from banks
$228.7M
$258.1M
$185.0M
$297.5M
Interest-bearing deposits in other banks
$1.2B
$912.1M
$1.6B
$229.1M
Available-for-sale, at fair value (amortized cost: $2,246,716 as of December 31, 2025 and $2,190,448 as of December 31, 2024)
$2.1B
$1.9B
$2.3B
$3.2B
Held-to-maturity, at amortized cost (fair value: $3,188,775 as of December 31, 2025 and $3,262,509 as of December 31, 2024)
$3.5B
$3.8B
$4.0B
$4.3B
Loans held for sale
$1.4M
—
$190.0K
—
Loans and leases
$14.3B
$14.4B
$14.4B
$14.1B
Less: allowance for credit losses
$168.5M
$160.4M
$156.5M
$143.9M
Net loans and leases
$14.1B
$14.2B
$14.2B
$13.9B
Premises and equipment, net
$303.5M
$288.5M
$281.5M
$280.4M
Accrued interest receivable
$77.6M
$80.0M
$84.4M
$78.2M
Bank-owned life insurance
$513.2M
$491.9M
$479.9M
$473.1M
Goodwill
$995.5M
$995.5M
$995.5M
$995.5M
Mortgage servicing rights
$4.6M
$5.1M
$5.7M
$6.6M
Other assets
$828.3M
$832.0M
$845.7M
$797.0M
Total assets
$24.0B
$23.8B
$24.9B
$24.6B
Interest-bearing
$14.0B
$13.3B
$13.7B
$12.8B
Noninterest-bearing
$6.5B
$7.0B
$7.6B
$8.9B
Total deposits
$20.5B
$20.3B
$21.3B
$21.7B
Short-term borrowings
$0
$250.0M
$500.0M
$75.0M
Retirement benefits payable
$99.1M
$97.1M
$103.3M
$102.6M
Other liabilities
$571.2M
$541.3M
$504.5M
$441.6M
Total liabilities
$21.2B
$21.2B
$22.4B
$22.3B
Common stock ($0.01 par value; authorized 300,000,000 shares; issued/outstanding: 142,184,584 / 122,689,256 as of December 31, 2025; issued/outstanding: 141,748,847 / 126,422,898 as of December 31, 2024)
1.4M
1.4M
1.4M
1.4M
Additional paid-in capital
$2.6B
$2.6B
$2.5B
$2.5B
Retained earnings
$1.1B
$934.0M
$837.9M
$736.5M
Accumulated other comprehensive loss, net
($368.1M)
($464.0M)
($530.2M)
($639.3M)
Treasury stock (19,495,328 shares as of December 31, 2025 and 15,325,949 shares as of December 31, 2024)
-519.3M
-414.4M
-371.2M
-368.0M
Total stockholders' equity
$2.8B
$2.6B
$2.5B
$2.3B
Total liabilities and stockholders' equity
$24.0B
$23.8B
$24.9B
$24.6B
FIRST HAWAIIAN, INC. balance sheet, quarters
Line item
Jun 30, 2026
Mar 31, 2026
Sep 30, 2025
Jun 30, 2025
Cash and due from banks
$263.8M
$225.7M
$249.6M
$304.6M
Interest-bearing deposits in other banks
$748.7M
$1.5B
$1.6B
$1.1B
Available-for-sale, at fair value (amortized cost: $2,275,837 as of June 30, 2026 and $2,246,716 as of December 31, 2025)
$2.1B
$2.1B
$2.0B
$1.9B
Held-to-maturity, at amortized cost (fair value: $3,035,475 as of June 30, 2026 and $3,188,775 as of December 31, 2025)
$3.4B
$3.5B
$3.6B
$3.7B
Loans and leases
$14.6B
$14.4B
$14.1B
$14.4B
Less: allowance for credit losses
$168.1M
$169.3M
$165.3M
$167.8M
Net loans and leases
$14.4B
$14.3B
$14.0B
$14.2B
Premises and equipment, net
$304.0M
$302.8M
$303.0M
$299.1M
Accrued interest receivable
$76.6M
$77.3M
$77.9M
$77.9M
Bank-owned life insurance
$521.1M
$514.1M
$507.9M
$502.4M
Goodwill
$995.5M
$995.5M
$995.5M
$995.5M
Mortgage servicing rights
$4.3M
$4.5M
$4.7M
$4.8M
Other assets
$816.3M
$819.7M
$808.6M
$823.8M
Total assets
$23.6B
$24.3B
$24.1B
$23.8B
Interest-bearing
$13.7B
$14.3B
$13.9B
$13.4B
Noninterest-bearing
$6.4B
$6.5B
$6.8B
$6.8B
Total deposits
$20.2B
$20.8B
$20.7B
$20.2B
Retirement benefits payable
$97.4M
$98.2M
$94.5M
$95.4M
Other liabilities
$568.4M
$621.2M
$540.7M
$565.8M
Total liabilities
$20.8B
$21.5B
$21.4B
$21.1B
Common stock ($0.01 par value; authorized 300,000,000 shares; issued/outstanding: 142,661,019 / 121,680,634 as of June 30, 2026; issued/outstanding: 142,184,584 / 122,689,256 as of December 31, 2025)
1.4M
1.4M
1.4M
1.4M
Additional paid-in capital
$2.6B
$2.6B
$2.6B
$2.6B
Retained earnings
$1.2B
$1.1B
$1.0B
$1.0B
Accumulated other comprehensive loss, net
($359.8M)
($372.7M)
($388.1M)
($407.0M)
Treasury stock (20,980,385 shares as of June 30, 2026 and 19,495,328 shares as of December 31, 2025)
-556.2M
-556.2M
-493.1M
-468.8M
Total stockholders' equity
$2.8B
$2.8B
$2.7B
$2.7B
Total liabilities and stockholders' equity
$23.6B
$24.3B
$24.1B
$23.8B
Cash flow statement
FIRST HAWAIIAN, INC. cash flow statement, fiscal years
Line item
Dec 31, 2025 · FY
Dec 31, 2024 · FY
Dec 31, 2023 · FY
Dec 31, 2022 · FY
Net income
$276.3M
$230.1M
$235.0M
$265.7M
Provision for credit losses
$27.2M
$14.8M
$26.6M
$1.4M
Depreciation, amortization and accretion, net
$33.6M
$38.0M
$42.8M
$56.7M
Deferred income tax provision (benefit)
($337.0K)
($11.3M)
($13.7M)
$22.1M
Stock-based compensation
$15.9M
$11.9M
$9.6M
$10.3M
Other (gains)
$65.0K
($164.0K)
($5.8M)
$2.7M
Originations of loans held for sale
($16.6M)
($38.2M)
($21.3M)
($15.7M)
Proceeds from sales of loans held for sale
$15.1M
$37.9M
$22.2M
$15.2M
Net losses (gains) on investment securities
($37.0K)
$26.2M
($792.0K)
—
Premium paid on cash flow hedge
($2.9M)
—
—
—
Amortization of premium on cash flow hedge
$443.0K
—
—
—
Net decrease (increase) in other assets
$21.8M
$18.1M
($40.2M)
$18.5M
Net (decrease) increase in other liabilities
($35.4M)
($7.2M)
$559.0K
$53.5M
Net cash provided by operating activities
$335.1M
$317.5M
$255.0M
$430.6M
Proceeds from maturities and principal repayments
$277.9M
$293.3M
$431.5M
$873.7M
Proceeds from calls and sales
$84.5M
$335.9M
$510.8M
$1.1M
Purchases
($418.8M)
($291.8M)
—
($938.3M)
Proceeds from maturities and principal repayments
$287.7M
$287.2M
$311.2M
$350.6M
Proceeds from calls
$4.6M
$1.9M
$8.3M
$585.0K
Proceeds from sales
$16.2M
$15.4M
$131.3M
$8.0M
Purchases
($45.9M)
($42.1M)
($133.2M)
($79.5M)
Net increase in loans and leases resulting from originations and principal repayments
$206.6M
($62.0K)
($177.9M)
($914.3M)
Purchases of loans
($116.4M)
($58.6M)
($57.9M)
($235.9M)
Proceeds from bank-owned life insurance
$1.5M
$5.9M
$8.5M
—
Purchases of bank-owned life insurance
($2.0M)
—
—
—
Purchases of premises, equipment and software
($31.8M)
($28.8M)
($16.0M)
($13.3M)
Net cash provided by investing activities
$264.1M
$548.6M
$1.0B
($965.1M)
Net increase (decrease) in deposits
$193.5M
($1.0B)
($356.4M)
($127.1M)
Repayment of short-term borrowings
($250.0M)
($500.0M)
—
—
Dividends paid
($131.0M)
($132.8M)
($132.6M)
($132.6M)
Stock tendered for payment of withholding taxes
($4.1M)
($2.8M)
($3.2M)
($3.6M)
Proceeds from employee stock purchase plan
275.0K
245.0K
308.0K
379.0K
Common stock repurchased
($100.0M)
($40.0M)
—
($9.5M)
Stock repurchase excise tax paid in current year
($341.0K)
—
—
—
Net cash used in financing activities
($291.6M)
($1.4B)
($66.9M)
($197.4M)
Net increase (decrease) in cash and cash equivalents
$307.6M
($569.7M)
$1.2B
($731.8M)
Cash and cash equivalents at beginning of year
$1.2B
$1.7B
$526.6M
$1.3B
Cash and cash equivalents at end of year
$1.5B
$1.2B
$1.7B
$526.6M
Interest paid
$293.3M
$362.5M
$262.2M
$44.3M
Operating lease right-of-use assets obtained in exchange for new lease obligations
$4.2M
$5.4M
$4.8M
$4.7M
Obligation to fund low-income housing partnerships
$95.5M
$56.6M
$63.1M
$7.6M
Stock repurchase excise tax settled in subsequent year
$922.0K
$341.0K
—
—
FIRST HAWAIIAN, INC. cash flow statement, quarters
Line item
Jun 30, 2026 · YTD
Mar 31, 2026 · Q1
Sep 30, 2025 · YTD
Jun 30, 2025 · YTD
Net income
$141.2M
$67.8M
$206.3M
$132.5M
Provision for credit losses
$10.6M
$5.0M
$19.5M
$15.0M
Depreciation, amortization and accretion, net
$15.9M
$8.4M
$25.6M
$17.8M
Deferred income tax provision (benefit)
$7.5M
$11.2M
$2.2M
($3.6M)
Stock-based compensation
$7.9M
$4.0M
$11.7M
$7.6M
Other (gains) losses
($92.0K)
($33.0K)
($44.0K)
$6.0K
Originations of loans held for sale
($9.0M)
($6.4M)
($13.6M)
($6.8M)
Proceeds from sales of loans held for sale
$9.1M
$7.8M
$13.0M
$6.7M
Premiums paid on cash flow hedges
($3.8M)
($2.2M)
($2.9M)
($1.0M)
Amortization of premiums on cash flow hedges
$833.0K
$342.0K
$200.0K
$74.0K
Net decrease in other assets
$10.2M
($8.9M)
$2.6M
$15.1M
Net decrease in other liabilities
($17.3M)
$72.8M
($34.3M)
($10.2M)
Net cash provided by operating activities
$172.9M
$159.7M
$230.2M
$173.1M
Proceeds from maturities and principal repayments
$142.5M
$74.5M
$211.0M
$144.2M
Proceeds from calls and sales
$24.8M
$11.3M
$67.4M
$36.8M
Purchases
($195.6M)
($109.5M)
($266.6M)
($74.8M)
Proceeds from maturities and principal repayments
$138.5M
$63.8M
$218.5M
$144.5M
Proceeds from calls
$3.1M
$1.3M
$4.2M
$3.8M
Proceeds from sales
$5.3M
$2.5M
$14.7M
$413.0K
Purchases
($26.8M)
($23.4M)
($19.8M)
($15.4M)
Net (increase) decrease in loans and leases resulting from originations and principal repayments
($222.7M)
($119.7M)
$306.7M
$52.5M
Purchases of loans
($37.0M)
($10.0M)
($33.8M)
($4.0M)
Proceeds from bank-owned life insurance
$3.2M
$3.2M
$1.5M
$693.0K
Purchases of bank-owned life insurance
($40.0K)
($40.0K)
($2.0M)
($2.0M)
Purchases of premises, equipment and software
($9.8M)
($4.3M)
($26.9M)
($19.3M)
Other
($108.0K)
($54.0K)
—
($8.0K)
Net cash (used in) provided by investing activities
($174.5M)
($110.3M)
$475.0M
$267.4M
Net decrease in deposits
($361.5M)
$261.7M
$407.3M
($90.8M)
Dividends paid
($64.8M)
($33.1M)
($98.8M)
($66.5M)
Stock tendered for payment of withholding taxes
($4.6M)
($4.6M)
($4.0M)
($4.0M)
Proceeds from employee stock purchase plan
122.0K
—
130.0K
—
Common stock repurchased
($32.0M)
($32.0M)
($74.0M)
($50.0M)
Stock repurchase excise tax paid in current period
($922.0K)
—
($341.0K)
($341.0K)
Net cash used in financing activities
($463.7M)
$192.0M
($19.7M)
($211.6M)
Net (decrease) increase in cash and cash equivalents
($465.3M)
$241.4M
$685.5M
$228.8M
Cash and cash equivalents at beginning of period
$1.5B
$1.5B
$1.2B
$1.2B
Cash and cash equivalents at end of period
$1.0B
$1.7B
$1.9B
$1.4B
Interest paid
$127.1M
$66.2M
$229.5M
$153.8M
Operating lease right-of-use assets obtained in exchange for new lease obligations
$307.0K
—
$3.0M
$1.4M
Transfers to loans and leases from loans held for sale
$1.3M
—
—
—
Obligation to fund low-income housing partnerships
$13.4M
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$47.0M
$41.1M
Stock repurchase excise tax settled in subsequent period