First Hawaiian (NASDAQ:FHB) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Posted by Brenda Bartman on Jul 25th, 2026

First Hawaiian (NASDAQ:FHB – Get Free Report) announced its earnings results on Friday. The bank reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.02, FiscalAI reports. The business had revenue of $231.27 million during the quarter, compared to analysts’ expectations of $227.77 million. First Hawaiian had a return on equity of 10.39% and a net margin of 24.44%.During the same quarter last year, the business posted $0.58 earnings per share.

Here are the key takeaways from First Hawaiian’s conference call:

First Hawaiian delivered a solid second quarter, with net interest income up, NIM rising to 3.25%, and profitability remaining strong at a 1.28% return on average tangible assets and 16.34% return on average tangible equity.
Loan growth was healthy at $137 million for the quarter, led by C&I and CRE, while management reiterated full-year loan growth guidance of 3% to 4%.
Deposits declined by $623 million, mainly due to expected outflows in public deposits, while retail deposits were flat and commercial deposits followed normal seasonal patterns. Management said these moves were not relationship losses and expects deposits to improve in the back half of the year.
Credit quality remained strong, with a reduced allowance for credit losses driven by a meaningful decline in classified assets, and the bank said it remains well-capitalized with ample liquidity.
Management is very focused on the announced TriCo Bancshares transaction, which is expected to close near the end of the year, and said they still target 25% cost savings while planning to retain much of TriCo’s management team.

First Hawaiian Stock Performance

NASDAQ FHB opened at $28.11 on Friday. First Hawaiian has a twelve month low of $22.65 and a twelve month high of $30.58. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 12.33, a PEG ratio of 1.56 and a beta of 0.72. The firm’s 50 day moving average price is $28.37 and its two-hundred day moving average price is $26.85.

First Hawaiian Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 28th. Investors of record on Monday, August 17th will be paid a $0.26 dividend. The ex-dividend date of this dividend is Monday, August 17th. This represents a $1.04 dividend on an annualized basis and a yield of 3.7%. First Hawaiian’s dividend payout ratio (DPR) is currently 45.61%.

Key Stories Impacting First Hawaiian

Here are the key news stories impacting First Hawaiian this week:

Positive Sentiment: First Hawaiian reported second-quarter 2026 EPS of $0.60, ahead of the $0.58 consensus estimate, with revenue of $231.27 million also topping expectations; management also described the quarter as strong and declared a dividend. Article Title
Positive Sentiment: The company’s earnings call transcript and analyst coverage suggest the quarter largely matched or slightly exceeded Wall Street’s key metrics, reinforcing that operating performance remains stable. Article Title
Neutral Sentiment: Short-interest data showed no meaningful short position change, so it does not appear to be driving the stock move. Article Title
Negative Sentiment: A class-action firm announced it is investigating First Hawaiian in connection with the merger, which may create a modest legal overhang for shares. Article Title

Analyst Ratings Changes

A number of brokerages have weighed in on FHB. Stephens set a $28.00 price target on shares of First Hawaiian in a report on Monday, April 27th. JPMorgan Chase & Co. upped their price target on First Hawaiian from $27.00 to $31.00 and gave the company an “underweight” rating in a report on Wednesday, July 1st. Zacks Research upgraded First Hawaiian from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, July 15th. Benchmark reissued a “hold” rating on shares of First Hawaiian in a research note on Tuesday, July 14th. Finally, The Goldman Sachs Group lifted their target price on First Hawaiian from $27.00 to $30.00 and gave the stock a “sell” rating in a report on Tuesday, July 7th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, five have assigned a Hold rating and three have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $29.25.

View Our Latest Stock Analysis on FHB

Institutional Trading of First Hawaiian

Hedge funds and other institutional investors have recently modified their holdings of the business. Invesco Ltd. lifted its stake in First Hawaiian by 3.1% in the 4th quarter. Invesco Ltd. now owns 543,874 shares of the bank’s stock worth $13,760,000 after acquiring an additional 16,454 shares in the last quarter. Corient Private Wealth LLC grew its stake in First Hawaiian by 489.6% during the 4th quarter. Corient Private Wealth LLC now owns 92,826 shares of the bank’s stock valued at $2,348,000 after acquiring an additional 77,082 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of First Hawaiian by 41.8% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 44,243 shares of the bank’s stock valued at $1,119,000 after purchasing an additional 13,050 shares during the period. XTX Topco Ltd lifted its position in shares of First Hawaiian by 341.2% in the fourth quarter. XTX Topco Ltd now owns 135,286 shares of the bank’s stock worth $3,423,000 after purchasing an additional 104,623 shares in the last quarter. Finally, Voloridge Investment Management LLC purchased a new stake in shares of First Hawaiian in the fourth quarter worth approximately $5,012,000. Institutional investors and hedge funds own 97.63% of the company’s stock.

About First Hawaiian

(Get Free Report)

First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.

First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.