The bank maintains a conservative capital buffer with an equity-to-assets ratio of 0.11, though the sudden shift to a $21.3 billion investment securities portfolio in 2026Q1 warrants further investigation into duration risk.
| Metric | TTM | Dec'25 | Dec'24 | Dec'23 | Dec'22 | Dec'21 | Dec'20 | Dec'19 | Dec'18 | Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'05 | Dec'04 | Dec'03 | Dec'02 | Dec'01 | Dec'00 |
|---|
| Cash & Short Term Investments | 5.56B | 228.73M | 1.18B | 4B | 3.68B | 9.69B | 1.04B | 4.77B | 5.5B | 6.27B | 6.13B | 6.68B | 6.23B | 151.6M | 228.23M | 653.36M | 653.36M | 184K | 0 |
| Cash & Due from Banks | 225.73M | 228.73M | 1.17B | 1.74B | 526.62M | 1.26B | 1.04B | 694.02M | 1B | 1.03B | 1.05B | 2.65B | 1.26B | 151.6M | 228.23M | 653.36M | 653.36M | 184K | 0 |
| Short Term Investments | 0 | 0 | 8.15M | 2.26B | 3.15B | 8.43B | 0 | 4.08B | 4.5B | 5.23B | 5.08B | 4.03B | 4.97B | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Investments | 21.32B | 0 | 19.53B | 20.12B | 21.12B | 21B | 18.91B | 17.16B | 17.43B | 17.38B | 16.46B | 14.61B | 14.87B | 0 | -24.03M | -12.09M | -602.7M | -452.85M | 0 |
| Investments Growth % | -93.99% | -100% | -2.9% | -4.77% | 0.58% | 11.07% | 10.2% | -1.58% | 0.33% | 5.55% | 12.65% | -1.7% | - | 100% | -98.84% | 97.99% | -33.09% | - | - |
| Long-Term Investments | 57.89B | 0 | 19.52B | 17.86B | 17.97B | 12.57B | 18.91B | 13.08B | 12.93B | 12.14B | 11.38B | 10.59B | 9.9B | 0 | -24.03M | -12.09M | -602.7M | -452.85M | 0 |
| Accounts Receivables | 77.29M | 77.64M | 79.98M | 84.42M | 78.19M | 63.16M | 69.63M | 45.24M | 48.92M | 47.99M | 41.97M | 34.22M | 34.29M | 0 | 0 | 0 | 0 | 0 | 0 |
| Goodwill & Intangibles | 999.96M | 1B | 1B | 1B | 1B | 1B | 1.01B | 1.01B | 1.01B | 1.01B | 1.01B | 1.02B | 1.02B | 1B | 277.21M | 192.21M | 215.21M | 172.68M | 57M |
| Goodwill | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 995.49M | 909.75M | 5.21M | 5.21M | 5.21M | 172.68M | 0 |
| Intangible Assets | 4.47M | 4.64M | 5.08M | 5.7M | 6.56M | 8.3M | 10.73M | 12.67M | 16.16M | 13.2M | 16.81M | 21.43M | 25.19M | 94.52M | 272M | 187M | 210M | 0 | 57M |
| PP&E (Net) | 302.81M | 303.5M | 288.53M | 281.46M | 280.36M | 318.45M | 322.4M | 316.88M | 305M | 289.21M | 300.79M | 305.1M | 307.46M | 0 | 685M | 530M | 380M | 273M | 276M |
| Other Assets | 1.34B | -4.64M | 1.32B | 1.33B | 1.27B | 1.12B | 1.07B | 944.76M | 893.23M | 793.6M | 792.31M | 732.43M | 643.07M | -17.23M | 58.46M | 734.83M | 863M | -210.32M | 0 |
| Total Current Assets | 303.01M | 306.38M | 1.69B | 4.46B | 4.05B | 9.98B | 1.36B | 4.81B | 5.55B | 6.32B | 6.17B | 6.71B | 6.27B | 151.6M | 49.04B | 36.9B | 33.3B | 21.47B | 18.12B |
| Total Non-Current Assets | 23.96B | 1.3B | 22.14B | 20.47B | 20.52B | 15.01B | 21.31B | 15.35B | 15.14B | 14.23B | 13.49B | 12.64B | 11.87B | 1B | 1.02B | 1.45B | 1.45B | 172.68M | 333M |
| Total Assets | 24.26B | 23.96B | 23.83B | 24.93B | 24.58B | 24.99B | 22.66B | 20.17B | 20.7B | 20.55B | 19.66B | 19.35B | 18.13B | 10.7B | 50.05B | 38.35B | 34.75B | 21.65B | 18.46B |
| Asset Growth % | 3.42% | 0.53% | -4.41% | 1.42% | -1.66% | 10.28% | 12.38% | -2.56% | 0.71% | 4.51% | 1.6% | 6.72% | 69.43% | -78.62% | 30.51% | 10.37% | 60.53% | 17.28% | - |
| Return on Assets (ROA) | 1.18% | 1.16% | 0.94% | 0.95% | 1.07% | 1.12% | 0.87% | 1.39% | 1.28% | 0.91% | 1.18% | 1.14% | 1.5% | 1.94% | 1.07% | 1.19% | 1.28% | 0.04% | 1.17% |
| Accounts Payable | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -590M | 0 | 0 | 0 | 0 |
| Total Debt | 0 | 0 | 250M | 500M | 75M | 0 | 200.01M | 1B | 600.03M | 34K | 9.19M | 216.2M | 386.2M | 3.94B | 3.24B | 2.65B | 2.4B | 1.6B | 1.3B |
| Net Debt | -225.73M | -228.73M | -920.19M | -1.24B | -451.62M | -1.26B | -840.93M | 306M | -403.61M | -1.03B | -1.04B | -2.43B | -875.25M | 3.79B | 9.46B | 5.94B | 4.25B | 3.15B | 1.3B |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 200M | 200M | 600M | 0 | 0 | 0 | 0 | 3.1B | 6.3B | 4.22B | 3.38B | 2.2B | 632M |
| Short-Term Debt | 0 | 0 | 250M | 500M | 75M | 0 | 0 | 800M | 0 | 0 | 9.15M | 216.15M | 386.15M | 845M | 590M | 0 | 0 | 0 | 0 |
| Other Liabilities | 21.5B | 0 | 541.35M | 607.75M | 441.61M | 519.35M | 490.99M | -56.76M | 292.84M | 270.54M | 248.72M | 203.71M | 208.31M | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Current Liabilities | 0 | 10.84B | 20.67B | 21.83B | 21.87B | 21.82B | 19.23B | 17.38B | 17.28B | 17.75B | 16.94B | 16.41B | 15.25B | 862.23M | 38.02B | 29.87B | 27.5B | 17.45B | 15.84B |
| Total Non-Current Liabilities | 21.5B | 0 | 541.35M | 607.75M | 441.61M | 519.35M | 691M | 143.26M | 892.86M | 270.57M | 248.76M | 203.75M | 208.36M | 3.1B | 6.3B | 4.22B | 3.38B | 2.2B | 632M |
| Total Liabilities | 21.5B | 21.19B | 21.21B | 22.44B | 22.31B | 22.34B | 19.92B | 17.53B | 18.17B | 18.02B | 17.19B | 16.62B | 15.46B | 3.95B | 44.32B | 34.09B | 30.88B | 19.64B | 16.47B |
| Total Equity | 2.77B | 2.77B | 2.62B | 2.49B | 2.27B | 2.66B | 2.74B | 2.64B | 2.52B | 2.53B | 2.48B | 2.74B | 2.68B | 10.81B | 5.73B | 4.26B | 3.87B | 2B | 1.99B |
| Equity Growth % | 19.19% | 5.8% | 5.29% | 9.57% | -14.6% | -3.18% | 3.93% | 4.57% | -0.3% | 2.26% | -9.52% | 2.31% | -75.24% | 88.58% | 34.41% | 10.24% | 93.16% | 0.65% | - |
| Equity / Assets (Capital Ratio) | 11.41% | 11.56% | 10.98% | 9.97% | 9.23% | 10.63% | 12.11% | 13.09% | 12.2% | 12.32% | 12.6% | 14.14% | 14.75% | 100.96% | 11.45% | 11.12% | 11.13% | 9.25% | 10.78% |
| Return on Equity (ROE) | 10.39% | 10.26% | 9.02% | 9.88% | 10.79% | 9.84% | 6.9% | 11.01% | 10.46% | 7.33% | 8.83% | 7.9% | 3.21% | 7.14% | 9.47% | 10.74% | 12.31% | 0.42% | 10.88% |
| Book Value per Share | 22.44 | 22.07 | 20.40 | 19.44 | 17.73 | 20.51 | 21.07 | 19.79 | 18.41 | 18.13 | 17.75 | 19.63 | 19.18 | 83.88 | 44.48 | 33.09 | 30.02 | 15.54 | 15.44 |
| Tangible BV per Share | 14.33 | 14.10 | 12.60 | 11.61 | 9.90 | 12.76 | 13.35 | 12.24 | 11.04 | 10.91 | 10.50 | 12.33 | 11.86 | 76.09 | 42.33 | 31.60 | 28.35 | 14.20 | 15.00 |
| Common Stock | 1.43M | 1.42M | 1.42M | 1.41M | 1.41M | 1.41M | 1.4M | 1.4M | 1.4M | 1.4M | 1.4M | 0 | 0 | 0 | 1M | 1M | 1M | 1M | 127M |
| Additional Paid-in Capital | 2.58B | 2.58B | 2.56B | 2.55B | 2.54B | 2.53B | 2.51B | 2.5B | 2.5B | 2.49B | 2.48B | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Retained Earnings | 1.11B | 1.08B | 934.05M | 837.86M | 736.54M | 604.53M | 473.97M | 437.07M | 291.92M | 139.18M | 78.85M | 0 | 0 | 1.87B | 1.28B | 806M | 370M | 8M | 770M |
| Accumulated OCI | -372.75M | -368.14M | -463.99M | -530.21M | -639.25M | -121.69M | 31.6M | -31.75M | -132.19M | -96.38M | -88.01M | -51.26M | -51.46M | -94.6M | -52M | 72M | 154M | 16M | 16M |
| Treasury Stock | -556.18M | -519.34M | -414.37M | -371.25M | -368.03M | -355M | -276.89M | -270.14M | -132.13M | -282K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Preferred Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Geographic and tourism concentration
According to recent quarterly filings, First Hawaiian's total assets remained relatively stable at $24.3 billion in 2026Q1, suggesting a period of balance sheet consolidation where management is prioritizing the preservation of existing market share over aggressive expansion within the isolated Hawaiian archipelago's competitive banking landscape.
The bank's asset growth appears to have plateaued, reflecting a strategic pivot toward maintaining capital efficiency rather than pursuing volume-driven expansion. This trajectory suggests that management is focused on navigating the current interest rate cycle by optimizing the existing asset mix rather than deploying capital into new, potentially higher-risk lending verticals.
As reported in financial statements, the equity-to-assets ratio stood at 0.11 in 2026Q1, indicating that First Hawaiian continues to maintain a robust capital cushion that comfortably exceeds regulatory requirements for a well-capitalized institution operating within its specific regional economic constraints and risk profile.
The consistency of the equity-to-assets ratio over the last ten quarters implies a disciplined approach to capital management that prioritizes long-term solvency over short-term leverage expansion. This capital position provides the bank with a meaningful buffer to absorb potential volatility in its loan portfolio or unexpected shifts in the local Hawaiian economic environment.
Based on the provided balance sheet data, First Hawaiian held $21.3 billion in investment securities as of 2026Q1, representing a significant portion of total assets and highlighting a liquidity strategy heavily reliant on high-quality liquid assets rather than immediate cash-on-hand or aggressive wholesale funding reliance.
The heavy concentration in investment securities suggests that the bank's liquidity profile is intrinsically linked to the duration and yield characteristics of its bond portfolio. Investors should monitor how potential fluctuations in the value of these securities, particularly in a volatile interest rate environment, might impact the bank's overall liquidity position and regulatory capital ratios.
Data from recent financial disclosures reveals that the bank's investment securities portfolio surged to $21.3 billion in 2026Q1 from zero in 2025Q4, which warrants further investigation into the potential for significant unrealized losses or duration mismatches that could emerge if interest rates remain elevated for longer than anticipated.
This dramatic shift in the composition of the balance sheet suggests a rapid reallocation of assets that may expose the bank to heightened interest rate sensitivity. While this strategy may be intended to capture yield, it also introduces a non-obvious risk where the market value of these securities could face downward pressure, potentially impacting the bank's tangible book value.
Quick answers to the most common questions about buying FHB stock.
As of 2025, First Hawaiian, Inc. (FHB) had total assets of $23.96B including $306.4M in current assets.
First Hawaiian, Inc. (FHB) carries total debt of $0.0M. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
First Hawaiian, Inc. (FHB) has total shareholders' equity (book value) of $2.77B ($22.07 book value per share). Book value represents the net worth of the company belonging to common stock holders.
First Hawaiian, Inc. (FHB) reported a current ratio of 0.03x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.