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Banks · Financial Services · Fiscal year ends Dec 31
First Hawaiian reported revenue of $881M in the fiscal year ended Dec 2025, up 8.9% from the year before. Net income was $276M. Operating cash flow of $335M less capital expenditure of $32M left free cash flow of $303M.
Ranks among the 59 banks companies we cover (1st = best; for debt, the least indebted). Green = top third, red = bottom third.
Last 5 fiscal years
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue | 715 | 793 | 837 | 809 | 881 |
| Net interest incomeBanks | 531 | 614 | 636 | 623 | 664 |
| Interest expense | 18.8 | 49.7 | 287 | 357 | 288 |
| Pre-tax income | 349 | 351 | 309 | 293 | 354 |
| Income tax | 83.3 | 85.5 | 74.2 | 62.5 | 78.0 |
| Net income | 266 | 266 | 235 | 230 | 276 |
| Diluted EPS | 2.05 | 2.08 | 1.84 | 1.79 | 2.20 |
| Diluted shares | 130 | 128 | 128 | 128 | 126 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Cash & equivalents | 1,258 | 527 | 1,740 | 1,170 | 1,478 |
| Net PP&E | 318 | 280 | 281 | 289 | 303 |
| Goodwill | 995 | 995 | 995 | 995 | 995 |
| Total assets | 24,992 | 24,577 | 24,926 | 23,828 | 23,955 |
| Deferred revenue | 3.0 | 2.7 | 1.9 | 2.2 | 1.3 |
| Short-term debt | – | 75.0 | 500 | 250 | 0.0 |
| Long-term debt | – | 0.0 | – | – | – |
| DepositsBanks | 21,816 | 21,689 | 21,333 | 20,322 | 20,516 |
| Total liabilities | 22,335 | 22,308 | 22,440 | 21,211 | 21,186 |
| Shareholders' equity | 2,657 | 2,269 | 2,486 | 2,617 | 2,769 |
| Backlog (remaining obligations) | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Operating cash flow | 417 | 431 | 255 | 318 | 335 |
| Capital expenditure | 20.5 | 13.3 | 16.0 | 28.8 | 31.8 |
| Free cash flow | 397 | 417 | 239 | 289 | 303 |
| Depreciation & amortisation | 15.8 | 15.3 | 13.6 | 13.8 | 16.1 |
| Stock-based compensation | 13.1 | 10.3 | 9.6 | 11.9 | 15.9 |
| Share buybacks | 75.0 | 9.5 | – | 40.0 | 100 |
| Dividends paid | 134 | 133 | 133 | 133 | 131 |
| Dividend per share | 1.04 | 1.04 | 1.04 | 1.04 | 1.04 |
| Fiscal year | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|
| Revenue growth (YoY) | – | 10.8% | 5.5% | −3.4% | 8.9% |
| EPS growth (YoY) | – | 1.5% | −11.5% | −2.7% | 22.9% |
| Net margin | 37.1% | 33.5% | 28.1% | 28.5% | 31.4% |
| Return on equityBlank when equity is negative | 10.0% | 11.7% | 9.5% | 8.8% | 10.0% |
| Free cash flow margin | 55.4% | 52.6% | 28.6% | 35.7% | 34.4% |
| Cash conversion (CFO ÷ net income) | 1.57x | 1.62x | 1.09x | 1.38x | 1.21x |
| Debt ÷ equity | – | 0.03x | – | – | – |
| Net debtDebt − cash & equivalents; excludes investments; negative = net cash | – | −452 | – | – | – |
Standardised figures from the company's XBRL filings with the SEC (10-K, 10-Q). Line items follow US GAAP tags, so a company's own statement layout may differ and some lines show “–” where the company does not report that item. Ratios are calculated from these figures. For education only; not investment advice or a recommendation.