First Hawaiian (NASDAQ:FHB) Issues Quarterly Earnings Results, Beats Expectations By $0.01 EPS

First Hawaiian (NASDAQ:FHB) released its earnings results on Friday. The bank reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01, FiscalAI reports. The company had revenue of $199.68 million for the quarter, compared to analysts’ expectations of $225.33 million. First Hawaiian had a net margin of 22.60% and a return on equity of 9.68%. During the same quarter last year, the business earned $0.41 EPS.

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

• Strong quarter with NIM up to 3.21%, net interest income of $170.3M, and return on average tangible equity of 15.8% in Q4 (16.3% for the full year).
• Company is well-capitalized and completed ~1M share repurchase using the remaining 2025 authorization, then authorized an open‑ended $250M buyback to increase capital-return flexibility.
• Credit quality remains strong: low net charge-offs ($5M in Q4), provision of $7.7M, and allowance for credit losses rose to $168.5M (coverage ~118 bps), with management calling reserves conservative.
• 2026 outlook: management expects loans to grow 3%–4% (CRE and C&I), NIM guided to 3.16%–3.18%, non‑interest income ~ $220M and expenses ~ $520M, while noting potential headwinds from Fed cuts and deposit beta.

First Hawaiian Price Performance

Shares of FHB opened at $26.55 on Friday. The stock has a market capitalization of $3.28 billion, a price-to-earnings ratio of 12.95, a price-to-earnings-growth ratio of 1.94 and a beta of 0.73. First Hawaiian has a 1 year low of $20.32 and a 1 year high of $28.35. The business’s 50 day simple moving average is $26.15 and its 200-day simple moving average is $25.26.

First Hawaiian Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, February 13th. First Hawaiian’s dividend payout ratio is 50.73%.

Insiders Place Their Bets

In other First Hawaiian news, insider Alan Arizumi sold 6,566 shares of the stock in a transaction on Thursday, December 4th. The shares were sold at an average price of $25.34, for a total transaction of $166,382.44. Following the completion of the transaction, the insider owned 1,962 shares in the company, valued at $49,717.08. This trade represents a 76.99% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.61% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main bought a new position in First Hawaiian during the second quarter valued at $237,000. Cetera Investment Advisers purchased a new position in shares of First Hawaiian during the 2nd quarter worth about $212,000. Empowered Funds LLC grew its holdings in First Hawaiian by 10.4% during the 1st quarter. Empowered Funds LLC now owns 16,407 shares of the bank’s stock valued at $401,000 after purchasing an additional 1,542 shares during the last quarter. Integrated Wealth Concepts LLC raised its position in First Hawaiian by 9.3% in the 1st quarter. Integrated Wealth Concepts LLC now owns 10,060 shares of the bank’s stock worth $246,000 after purchasing an additional 856 shares during the period. Finally, Allworth Financial LP lifted its stake in First Hawaiian by 155.8% in the third quarter. Allworth Financial LP now owns 2,072 shares of the bank’s stock worth $51,000 after purchasing an additional 1,262 shares during the last quarter. Hedge funds and other institutional investors own 97.63% of the company’s stock.

Key First Hawaiian News

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

• Positive Sentiment: Board approved a quarterly cash dividend of $0.26 per share (payable Feb. 27) and reaffirmed regular cash returns to shareholders. First Hawaiian Press Release
• Positive Sentiment: Board adopted a stock repurchase program for up to $250M (management also repurchased ~$100M in 2025, ~$26M in Q4), which supports EPS accretion and shareholder value over time. First Hawaiian Press Release
• Positive Sentiment: Q4 net income of $69.9M, diluted EPS $0.56, modestly beating consensus ($0.55); loans grew +$183.1M and net interest margin ticked higher to 3.21%, indicating loan demand and slightly improved interest income. MarketBeat Earnings Summary
• Neutral Sentiment: Earnings call transcript and slide deck are available for detail on guidance and management commentary if you want color on strategy and capital allocation. Earnings Call Transcript
• Neutral Sentiment: Additional analyst write-ups and metric breakdowns published today provide deeper context on the quarter’s drivers (Zacks coverage). Zacks Analysis
• Neutral Sentiment: Local leadership/promotions were announced (corporate staffing update) — low direct market impact. Maui Now
• Negative Sentiment: Revenue missed expectations materially — reported revenue ~$199.7M vs. analyst estimates near $225M — the top-line shortfall likely drove investor concern about fee and noninterest income momentum. MarketBeat Earnings Summary
• Negative Sentiment: Total deposits fell by $213.9M quarter-over-quarter, pressuring liquidity/low-cost funding and raising questions about deposit stability. Press Release
• Negative Sentiment: Provision for credit losses rose to $7.7M (from $4.5M prior quarter) and non-performing assets increased vs. prior quarter — a sign investors may view as early credit pressure to monitor. Press Release
• Negative Sentiment: Some sell-side skepticism remains (recent underweight/negative views from a few firms), which can amplify downside after a mixed quarter. QuiverQuant Summary

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. The Goldman Sachs Group set a $27.50 price objective on shares of First Hawaiian and gave the company a “sell” rating in a research report on Tuesday, January 6th. Keefe, Bruyette & Woods raised their price target on First Hawaiian from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Tuesday, October 28th. Barclays upgraded First Hawaiian from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $26.00 to $28.00 in a research report on Tuesday, November 11th. TD Cowen cut their target price on First Hawaiian from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Wednesday, January 7th. Finally, JPMorgan Chase & Co. boosted their price target on First Hawaiian from $27.00 to $29.00 and gave the stock an “underweight” rating in a report on Tuesday, December 16th. Six research analysts have rated the stock with a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $27.64.

About First Hawaiian

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.