First Hawaiian (FHB) Financials

$21.74 +0.32 (+1.49%)

As of 04:00 PM Eastern

Annual Income Statements for First Hawaiian

This table shows First Hawaiian's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	214	230	184	264	284	186	266	266	235	230
Consolidated Net Income / (Loss)	214	230	184	264	284	186	266	266	235	230
Net Income / (Loss) Continuing Operations	214	230	184	264	284	186	266	266	235	230
Total Pre-Tax Income	343	372	368	358	382	244	349	351	309	293
Total Operating Income	353	371	363	356	387	251	350	341	311	264
Total Gross Profit	641	709	547	554	584	444	574	582	586	529
Total Revenue	651	717	771	816	859	776	731	832	838	1,115
Operating Revenue	588	701	743	814	851	747	724	822	823	1,101
Other Revenue	62	16	28	2.38	7.89	29	7.24	9.94	15	14
Total Cost of Revenue	9.90	8.60	224	262	275	331	157	250	252	586
Operating Cost of Revenue	-	-	205	240	261	210	196	248	226	571
Other Cost of Revenue	9.90	8.60	19	22	14	122	-39	1.39	27	15
Total Operating Expenses	287	337	184	198	197	193	223	241	275	266
Marketing Expense	5.47	6.13	6.19	4.81	6.91	5.70	6.11	8.00	7.62	7.72
Other Operating Expenses / (Income)	112	174	178	193	190	188	217	233	268	258
Total Other Income / (Expense), net	-10	0.43	5.80	2.29	-5.25	-7.13	-1.49	10	-1.44	29
Interest Expense	23	27	0.02	6.76	17	12	4.90	0.47	29	22
Interest & Investment Income	12	27	5.82	9.05	12	4.43	3.41	11	28	50
Income Tax Expense	129	142	185	94	97	58	83	86	74	62
Basic Earnings per Share	$1.53	$1.65	$1.32	$1.93	$2.14	$1.43	$2.06	$2.08	$1.84	$1.80
Weighted Average Basic Shares Outstanding	139.46M	139.49M	139.56M	136.95M	133.08M	129.89M	128.96M	127.49M	127.57M	127.70M
Diluted Earnings per Share	$1.53	$1.65	$1.32	$1.93	$2.13	$1.43	$2.05	$2.08	$1.84	$1.79
Weighted Average Diluted Shares Outstanding	139.46M	139.49M	139.66M	137.11M	133.39M	130.22M	129.54M	127.98M	127.92M	128.33M
Weighted Average Basic & Diluted Shares Outstanding	139.70M	139.50M	139.20M	137M	132.90M	130.92M	128.16M	127.69M	127.62M	126.42M
Cash Dividends to Common per Share	-	$0.62	$0.88	$0.96	$1.04	$1.04	$1.04	$1.04	$1.04	$1.04

This table shows First Hawaiian's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Income / (Loss) Attributable to Common Shareholders	69	80	67	62	58	48	54	62	61	52
Consolidated Net Income / (Loss)	69	80	67	62	58	48	54	62	61	52
Net Income / (Loss) Continuing Operations	69	80	67	62	58	48	54	62	61	52
Total Pre-Tax Income	92	103	89	81	76	63	71	81	76	65
Total Operating Income	88	100	88	85	75	62	64	76	68	56
Total Gross Profit	150	165	151	148	139	148	134	140	134	121
Total Revenue	218	246	259	269	202	108	284	286	201	345
Operating Revenue	216	242	257	266	201	99	280	281	199	341
Other Revenue	2.38	3.33	1.60	2.87	1.67	9.29	3.11	4.29	2.60	4.45
Total Cost of Revenue	68	81	108	121	63	-40	150	145	67	224
Operating Cost of Revenue	65	78	99	116	56	-45	143	143	60	225
Other Cost of Revenue	3.18	2.96	8.80	5.00	7.50	5.33	6.30	1.80	7.40	-0.75
Total Operating Expenses	62	64	63	63	63	86	70	64	67	65
Marketing Expense	1.90	2.07	1.99	1.89	2.29	1.44	2.61	1.77	1.81	1.53
Other Operating Expenses / (Income)	60	62	61	61	61	85	67	63	65	64
Total Other Income / (Expense), net	4.15	2.62	0.55	-3.71	1.00	0.71	6.39	4.67	8.74	9.03
Interest Expense	0.00	0.47	3.01	11	8.00	7.02	6.38	6.47	5.79	2.94
Interest & Investment Income	4.15	3.09	3.56	7.49	9.00	7.73	13	11	15	12
Income Tax Expense	23	23	22	19	18	15	16	19	15	12
Basic Earnings per Share	$0.54	$0.63	$0.52	$0.49	$0.46	$0.37	$0.42	$0.48	$0.48	$0.42
Weighted Average Basic Shares Outstanding	127.38M	127.49M	127.45M	127.59M	127.61M	127.57M	127.71M	127.87M	127.89M	127.70M
Diluted Earnings per Share	$0.54	$0.63	$0.52	$0.49	$0.46	$0.37	$0.42	$0.48	$0.48	$0.41
Weighted Average Diluted Shares Outstanding	127.80M	127.98M	128.03M	127.83M	127.94M	127.92M	128.22M	128.26M	128.50M	128.33M
Weighted Average Basic & Diluted Shares Outstanding	127.68M	127.69M	127.60M	127.61M	127.61M	127.62M	127.84M	127.89M	127.89M	126.42M

This table details how cash moves in and out of First Hawaiian's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Change in Cash & Equivalents	1,389	-1,598	-17	-31	-310	347	218	-882	1,363	-570
Net Cash From Operating Activities	143	220	270	351	297	210	417	431	255	318
Net Cash From Continuing Operating Activities	143	220	270	351	297	210	417	431	255	318
Net Income / (Loss) Continuing Operations	214	230	184	264	284	186	266	266	235	230
Consolidated Net Income / (Loss)	214	230	184	264	284	186	266	266	235	230
Depreciation Expense	26	52	62	55	68	63	52	57	43	38
Non-Cash Adjustments To Reconcile Net Income	-1.85	-14	17	51	24	113	-17	14	31	50
Changes in Operating Assets and Liabilities, net	-95	-48	7.43	-19	-80	-152	117	94	-53	-0.41
Net Cash From Investing Activities	244	-1,897	-971	-258	375	-2,104	-2,376	-965	1,025	549
Net Cash From Continuing Investing Activities	244	-1,897	-971	-258	375	-2,104	-2,376	-965	1,025	549
Purchase of Property, Plant & Equipment	-19	-16	-10	-36	-29	-33	-20	-13	-16	-29
Purchase of Investments	-2,951	-3,135	-1,136	-466	-1,731	-4,165	-4,819	-1,285	-191	-392
Sale of Property, Plant & Equipment	11	1.10	9.07	0.72	0.76	0.79	4.02	17	8.51	0.00
Sale and/or Maturity of Investments	3,907	2,044	914	824	2,261	2,308	1,856	1,234	1,393	961
Other Investing Activities, net	-704	-792	-748	-581	-126	-214	603	-919	-169	8.48
Net Cash From Financing Activities	1,002	78	684	-125	-981	2,241	2,177	-197	-67	-1,436
Net Cash From Continuing Financing Activities	1,002	78	684	-125	-981	2,241	2,177	-347	83	-1,436
Repayment of Debt	-170	-207	-9.16	-0.01	-0.01	-0.01	-200	-75	75	-500
Repurchase of Common Equity	-	-	0.00	-132	-136	-5.00	-75	-9.48	0.00	-40
Payment of Dividends	-164	-447	-125	-131	-138	-135	-134	-133	-133	-133
Issuance of Debt	-	-	0.00	600	-	-400	0.00	0.00	500	250
Issuance of Common Equity	-	-	0.53	0.34	0.00	0.31	0.55	0.38	0.31	0.25
Other Financing Activities, net	1,337	732	817	-462	-707	2,781	2,585	-131	-360	-1,013
Cash Interest Paid	22	26	37	80	102	53	23	44	262	363
Cash Income Taxes Paid	187	190	145	43	71	53	55	25	54	36

This table details how cash moves in and out of First Hawaiian's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Net Change in Cash & Equivalents	-585	-572	339	-307	655	676	-466	-160	-42	97
Net Cash From Operating Activities	156	109	83	105	26	41	67	78	59	114
Net Cash From Continuing Operating Activities	156	109	83	105	26	41	67	78	59	114
Net Income / (Loss) Continuing Operations	69	80	67	62	58	48	54	62	61	52
Consolidated Net Income / (Loss)	69	80	67	62	58	48	54	62	61	52
Depreciation Expense	13	13	11	11	10	10	9.54	9.20	9.84	9.44
Non-Cash Adjustments To Reconcile Net Income	5.32	5.91	12	8.46	10	-0.31	7.50	1.84	13	28
Changes in Operating Assets and Liabilities, net	68	11	-7.33	23	-53	-16	-4.62	5.22	-25	24
Net Cash From Investing Activities	-195	-171	25	74	229	697	167	146	273	-38
Net Cash From Continuing Investing Activities	-195	-171	25	74	229	697	167	146	273	-38
Purchase of Property, Plant & Equipment	-4.78	-2.55	-1.56	-2.64	-4.09	-7.71	-4.86	-5.99	-6.57	-11
Purchase of Investments	-109	-12	-91	-39	-22	-40	-28	-12	-6.33	-346
Sale and/or Maturity of Investments	272	221	203	268	225	697	155	196	174	437
Other Investing Activities, net	-353	-395	-85	-153	29	39	44	-31	113	-117
Net Cash From Financing Activities	-545	-361	231	-486	400	-212	-699	-384	-374	21
Net Cash From Continuing Financing Activities	-545	-511	231	-486	400	-62	-699	-384	-374	21
Payment of Dividends	-33	-33	-33	-33	-33	-33	-33	-33	-33	-33
Issuance of Common Equity	0.22	0.16	-	-	-	0.15	-	-	0.14	0.10
Other Financing Activities, net	-510	-403	-411	-203	433	-179	-666	-351	-91	94
Cash Interest Paid	13	23	41	57	76	88	89	90	101	83
Cash Income Taxes Paid	18	1.22	1.76	28	20	3.92	1.76	25	13	-3.30

This table presents First Hawaiian's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Total Assets	19,353	19,662	20,549	20,696	20,167	22,663	24,992	24,577	24,926	23,828
Total Current Assets	10,587	11,385	12,140	17,433	17,157	19,142	0.00	0.00	0.00	0.00
Plant, Property, & Equipment, net	305	301	289	305	317	322	318	280	281	289
Total Noncurrent Assets	8,461	7,976	8,120	2,958	2,693	3,198	24,831	24,441	24,802	23,700
Long-Term Investments	4,027	5,078	5,235	-	-	-	0.00	4,321	4,041	3,791
Noncurrent Note & Lease Receivables	-	-	-	-	-	-	12,962	14,092	14,353	14,408
Goodwill	995	995	995	995	995	995	995	995	995	995
Other Noncurrent Operating Assets	3,417	1,886	1,890	1,962	1,698	2,203	10,874	5,033	5,411	4,506
Total Liabilities & Shareholders' Equity	19,353	19,662	20,549	20,696	20,167	22,663	24,992	24,577	24,926	23,828
Total Liabilities	16,616	17,185	18,017	18,171	17,526	19,919	22,335	22,308	22,440	21,211
Total Current Liabilities	0.00	0.00	0.00	17,150	16,845	19,228	0.00	21,689	21,333	20,322
Short-Term Debt	-	-	-	11,142	10,965	11,706	-	12,824	13,749	13,347
Customer Deposits	-	-	-	6,008	5,880	7,522	-	8,865	7,584	6,975
Total Noncurrent Liabilities	16,616	17,185	18,017	1,021	681	691	22,493	763	1,264	1,049
Long-Term Debt	16,062	16,795	17,612	600	200	200	21,973	144	157	160
Noncurrent Employee Benefit Liabilities	134	133	134	128	138	143	134	103	103	97
Other Noncurrent Operating Liabilities	420	258	271	293	343	348	385	517	1,004	791
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,737	2,476	2,533	2,525	2,640	2,744	2,657	2,269	2,486	2,617
Total Preferred & Common Equity	2,737	2,476	2,533	2,525	2,640	2,744	2,657	2,269	2,486	2,617
Total Common Equity	2,737	2,476	2,533	2,525	2,640	2,744	2,657	2,269	2,486	2,617
Common Stock	-	2,486	2,490	2,497	2,505	2,515	2,529	2,540	2,550	2,562
Retained Earnings	-	79	139	292	437	474	605	737	838	934
Treasury Stock	-	-	-0.28	-132	-270	-277	-355	-368	-371	-414
Accumulated Other Comprehensive Income / (Loss)	-51	-88	-96	-132	-32	32	-122	-639	-530	-464

This table presents First Hawaiian's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	24,870	24,884	24,512	24,913	24,279	23,992	23,780
Total Current Assets	16,841	-147	0.00	0.00	0.00	0.00	0.00
Plant, Property, & Equipment, net	299	278	278	278	281	284	287
Total Noncurrent Assets	7,730	24,753	24,382	24,790	24,158	23,869	23,657
Long-Term Investments	-	4,261	4,180	4,104	3,988	3,917	3,854
Noncurrent Note & Lease Receivables	-	14,221	14,363	14,332	14,320	14,360	14,241
Goodwill	995	995	995	995	995	995	995
Other Noncurrent Operating Assets	6,734	5,275	4,844	5,358	4,854	4,596	4,566
Total Liabilities & Shareholders' Equity	24,870	24,884	24,512	24,913	24,279	23,992	23,780
Total Liabilities	22,670	22,555	22,152	22,562	21,765	21,441	21,132
Total Current Liabilities	22,092	0.00	21,078	21,511	20,669	20,319	20,228
Short-Term Debt	12,775	-	12,912	13,612	13,621	13,461	13,428
Customer Deposits	9,317	-	8,167	7,899	7,049	6,857	6,800
Total Noncurrent Liabilities	578	22,555	1,222	1,205	1,256	1,283	1,068
Long-Term Debt	-	21,782	649	155	160	161	164
Noncurrent Employee Benefit Liabilities	134	102	101	100	102	101	100
Other Noncurrent Operating Liabilities	444	672	473	950	994	1,021	804
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	2,201	2,329	2,360	2,351	2,514	2,550	2,648
Total Preferred & Common Equity	2,201	2,329	2,360	2,351	2,514	2,550	2,648
Total Common Equity	2,201	2,329	2,360	2,351	2,514	2,550	2,648
Common Stock	2,537	2,542	2,545	2,547	2,553	2,556	2,560
Retained Earnings	690	770	799	824	858	887	915
Treasury Stock	-368	-371	-371	-371	-374	-374	-374
Accumulated Other Comprehensive Income / (Loss)	-659	-612	-613	-649	-524	-519	-453

This table displays calculated financial ratios and metrics derived from First Hawaiian's official financial filings.

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	6.16%	10.25%	7.43%	5.90%	5.28%	-9.70%	-5.79%	13.82%	0.79%	33.04%
EBITDA Growth	1.68%	11.73%	0.24%	-3.25%	10.71%	-30.97%	28.16%	-1.20%	-11.10%	-14.60%
EBIT Growth	1.88%	5.09%	-2.38%	-1.84%	8.73%	-35.17%	39.72%	-2.77%	-8.85%	-15.08%
NOPAT Growth	0.82%	4.44%	-21.37%	45.31%	9.75%	-33.69%	39.59%	-3.40%	-8.42%	-12.13%
Net Income Growth	-1.33%	7.67%	-20.20%	43.94%	7.56%	-34.68%	43.06%	-0.02%	-11.56%	-2.07%
EPS Growth	-1.29%	7.84%	-20.00%	46.21%	10.36%	-32.86%	43.36%	1.46%	-11.54%	-2.72%
Operating Cash Flow Growth	-42.21%	54.34%	22.57%	30.26%	-15.63%	-29.34%	99.10%	3.23%	-40.78%	24.50%
Free Cash Flow Firm Growth	0.00%	105.55%	-166.30%	1,108.76%	-93.94%	310.03%	-1,275.86%	188.51%	-108.57%	118.66%
Invested Capital Growth	0.00%	-3.91%	5.05%	-34.48%	-0.40%	-11.83%	187.12%	-55.68%	13.13%	-0.13%
Revenue Q/Q Growth	0.00%	0.00%	-3.26%	-0.61%	0.97%	-0.83%	-1.71%	8.39%	-14.09%	-1.80%
EBITDA Q/Q Growth	0.00%	0.00%	-7.79%	-8.65%	4.89%	12.93%	-4.35%	10.33%	-10.38%	-2.01%
EBIT Q/Q Growth	0.00%	0.00%	-9.77%	-9.22%	4.41%	19.15%	-4.06%	11.31%	-11.07%	-1.97%
NOPAT Q/Q Growth	0.00%	0.00%	-27.56%	14.88%	4.83%	20.25%	-2.89%	10.24%	-11.49%	-0.56%
Net Income Q/Q Growth	0.00%	0.00%	-19.63%	22.36%	2.84%	-3.18%	-1.74%	9.28%	-12.01%	2.22%
EPS Q/Q Growth	0.00%	0.00%	-20.00%	22.93%	3.40%	-2.05%	-1.91%	10.05%	-12.38%	2.29%
Operating Cash Flow Q/Q Growth	0.00%	31.91%	5.65%	9.55%	15.39%	-7.45%	2.94%	-2.59%	-21.01%	29.65%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	3,012.73%	190.38%	-79.29%	-108.45%	148.35%	-1,852.50%	237.13%
Invested Capital Q/Q Growth	0.00%	0.00%	0.32%	-34.52%	-37.45%	-7.07%	44.22%	-6.58%	2.80%	-0.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	98.48%	98.80%	70.99%	67.85%	68.02%	57.28%	78.48%	69.98%	69.90%	47.46%
EBITDA Margin	58.27%	59.05%	55.10%	50.34%	52.94%	40.47%	55.05%	47.79%	42.15%	27.06%
Operating Margin	54.33%	51.78%	47.05%	43.61%	45.04%	32.34%	47.96%	40.97%	37.05%	23.65%
EBIT Margin	54.33%	51.78%	47.05%	43.61%	45.04%	32.34%	47.96%	40.97%	37.05%	23.65%
Profit (Net Income) Margin	32.86%	32.09%	23.84%	32.40%	33.11%	23.95%	36.36%	31.94%	28.03%	20.63%
Tax Burden Percent	62.29%	61.90%	49.87%	73.82%	74.51%	76.21%	76.14%	75.65%	76.00%	78.65%
Interest Burden Percent	97.11%	100.12%	101.60%	100.64%	98.64%	97.16%	99.58%	103.07%	99.54%	110.93%
Effective Tax Rate	37.71%	38.10%	50.13%	26.18%	25.49%	23.79%	23.86%	24.35%	24.00%	21.35%
Return on Invested Capital (ROIC)	2.98%	1.59%	1.24%	2.13%	2.96%	2.09%	1.61%	1.45%	2.03%	1.68%
ROIC Less NNEP Spread (ROIC-NNEP)	2.87%	1.59%	1.27%	2.15%	2.90%	2.00%	1.60%	1.50%	2.02%	1.91%
Return on Net Nonoperating Assets (RNNOA)	12.64%	7.24%	6.09%	8.33%	8.05%	4.81%	8.23%	9.34%	7.85%	7.34%
Return on Equity (ROE)	15.62%	8.83%	7.33%	10.46%	11.01%	6.90%	9.84%	10.79%	9.88%	9.02%
Cash Return on Invested Capital (CROIC)	-197.02%	5.58%	-3.68%	43.80%	3.36%	14.67%	-95.07%	78.61%	-10.29%	1.81%
Operating Return on Assets (OROA)	1.83%	1.90%	1.80%	1.73%	1.89%	1.17%	1.47%	1.37%	1.25%	1.08%
Return on Assets (ROA)	1.10%	1.18%	0.91%	1.28%	1.39%	0.87%	1.12%	1.07%	0.95%	0.94%
Return on Common Equity (ROCE)	15.62%	8.83%	7.33%	10.46%	11.01%	6.90%	9.84%	10.79%	9.88%	9.02%
Return on Equity Simple (ROE_SIMPLE)	7.81%	9.29%	7.25%	10.47%	10.77%	6.77%	10.00%	11.71%	9.45%	8.79%
Net Operating Profit after Tax (NOPAT)	220	230	181	263	288	191	267	258	236	207
NOPAT Margin	33.84%	32.05%	23.46%	32.19%	33.56%	24.65%	36.52%	30.99%	28.16%	18.60%
Net Nonoperating Expense Percent (NNEP)	0.11%	0.00%	-0.02%	-0.02%	0.05%	0.08%	0.01%	-0.05%	0.01%	-0.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	1.69%	1.44%	1.29%
Cost of Revenue to Revenue	1.52%	1.20%	29.01%	32.15%	31.98%	42.72%	21.52%	30.02%	30.10%	52.54%
SG&A Expenses to Revenue	26.17%	21.91%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	44.15%	47.02%	23.94%	24.24%	22.97%	24.94%	30.53%	29.01%	32.85%	23.81%
Earnings before Interest and Taxes (EBIT)	353	371	363	356	387	251	350	341	311	264
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	379	424	425	411	455	314	402	398	353	302
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	1.42	1.20	0.93	1.15	0.95	1.17	1.32	1.11	1.26
Price to Tangible Book Value (P/TBV)	0.00	2.41	1.98	1.54	1.85	1.50	1.87	2.35	1.85	2.03
Price to Revenue (P/Rev)	0.00	4.91	3.95	2.88	3.54	3.37	4.25	3.60	3.30	2.95
Price to Earnings (P/E)	0.00	15.31	16.58	8.89	10.70	14.09	11.68	11.26	11.76	14.28
Dividend Yield	0.00%	0.79%	4.03%	5.51%	4.48%	5.20%	4.32%	4.44%	4.80%	4.05%
Earnings Yield	0.00%	6.53%	6.03%	11.25%	9.35%	7.10%	8.56%	8.88%	8.51%	7.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	1.07	1.03	0.98	1.04	0.99	1.02	1.07	1.02	1.05
Enterprise Value to Revenue (EV/Rev)	0.00	21.25	20.02	11.76	11.79	10.90	34.31	13.99	15.06	11.66
Enterprise Value to EBITDA (EV/EBITDA)	0.00	35.98	36.33	23.36	22.28	26.92	62.33	29.28	35.73	43.09
Enterprise Value to EBIT (EV/EBIT)	0.00	41.04	42.54	26.96	26.18	33.69	71.55	34.15	40.65	49.30
Enterprise Value to NOPAT (EV/NOPAT)	0.00	66.29	85.31	36.52	35.14	44.21	93.97	45.15	53.49	62.68
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	69.25	57.17	27.30	34.17	40.34	60.12	27.03	49.51	40.96
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	18.86	0.00	1.78	30.95	6.30	0.00	0.83	0.00	58.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.87	6.78	6.95	4.65	4.23	4.34	8.27	5.72	5.59	5.16
Long-Term Debt to Equity	5.87	6.78	6.95	0.24	0.08	0.07	8.27	0.06	0.06	0.06
Financial Leverage	4.40	4.56	4.81	3.88	2.78	2.40	5.15	6.22	3.89	3.84
Leverage Ratio	7.07	7.48	8.03	8.16	7.91	7.95	8.82	10.06	10.41	9.55
Compound Leverage Factor	6.87	7.49	8.16	8.21	7.80	7.73	8.79	10.37	10.36	10.60
Debt to Total Capital	85.44%	87.15%	87.43%	82.30%	80.87%	81.27%	89.21%	85.11%	84.83%	83.77%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	78.10%	79.43%	79.90%	0.00%	84.16%	83.88%	82.77%
Long-Term Debt to Total Capital	85.44%	87.15%	87.43%	4.21%	1.45%	1.37%	89.21%	0.94%	0.96%	0.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	14.56%	12.85%	12.57%	17.70%	19.13%	18.73%	10.79%	14.89%	15.17%	16.23%
Debt to EBITDA	42.37	39.65	41.48	28.58	24.55	37.93	54.62	32.62	39.35	44.76
Net Debt to EBITDA	31.75	27.66	29.15	17.63	15.59	18.58	54.62	21.75	27.91	32.20
Long-Term Debt to EBITDA	42.37	39.65	41.48	1.46	0.44	0.64	54.62	0.36	0.44	0.53
Debt to NOPAT	72.96	73.05	97.42	44.70	38.73	62.27	82.34	50.31	58.90	65.11
Net Debt to NOPAT	54.67	50.96	68.46	27.57	24.59	30.52	82.34	33.55	41.78	46.84
Long-Term Debt to NOPAT	72.96	73.05	97.42	2.28	0.69	1.05	82.34	0.56	0.66	0.77
Altman Z-Score	0.00	0.92	0.92	0.21	0.26	0.17	0.19	-0.86	-0.83	-0.79
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.00	0.00	0.00	1.02	1.02	1.00	0.00	0.00	0.00	0.00
Quick Ratio	0.00	0.00	0.00	1.02	1.02	1.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-14,552	808	-536	5,404	327	1,342	-15,785	13,971	-1,198	223
Operating Cash Flow to CapEx	1,721.22%	1,524.30%	26,977.40%	999.41%	1,036.91%	642.60%	2,537.72%	0.00%	3,409.89%	1,103.47%
Free Cash Flow to Firm to Interest Expense	-646.13	30.10	-26,785.78	799.78	18.79	116.19	-3,222.12	29,726.50	-40.97	10.35
Operating Cash Flow to Interest Expense	6.33	8.20	13,488.70	52.01	17.02	18.13	85.14	916.20	8.72	14.71
Operating Cash Flow Less CapEx to Interest Expense	5.96	7.66	13,438.70	46.80	15.38	15.31	81.79	924.73	8.47	13.37
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.04	0.04	0.04	0.04	0.04	0.03	0.03	0.03	0.05
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.13	2.37	2.61	2.75	2.76	2.43	2.28	2.78	2.98	3.91
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	14,772	14,194	14,910	9,769	9,730	8,578	24,630	10,917	12,350	12,334
Invested Capital Turnover	0.09	0.05	0.05	0.07	0.09	0.08	0.04	0.05	0.07	0.09
Increase / (Decrease) in Invested Capital	14,772	-578	717	-5,141	-39	-1,151	16,052	-13,714	1,434	-16
Enterprise Value (EV)	0.00	15,241	15,424	9,595	10,132	8,452	25,077	11,638	12,627	13,004
Market Capitalization	0.00	3,524	3,046	2,351	3,042	2,618	3,104	2,990	2,763	3,287
Book Value per Share	$19.63	$17.75	$18.14	$18.72	$20.16	$20.98	$20.63	$17.77	$19.48	$20.47
Tangible Book Value per Share	$12.33	$10.49	$11.01	$11.34	$12.56	$13.37	$12.90	$9.97	$11.68	$12.68
Total Capital	18,799	19,271	20,145	14,267	13,805	14,650	24,630	15,237	16,392	16,125
Total Debt	16,062	16,795	17,612	11,742	11,165	11,906	21,973	12,968	13,906	13,507
Total Long-Term Debt	16,062	16,795	17,612	600	200	200	21,973	144	157	160
Net Debt	12,035	11,717	12,377	7,244	7,089	5,834	21,973	8,648	9,864	9,717
Capital Expenditures (CapEx)	8.29	14	1.00	35	29	33	16	-4.01	7.48	29
Debt-free, Cash-free Net Working Capital (DFCFNWC)	10,587	11,385	12,140	6,927	7,201	5,549	0.00	-8,865	-7,584	-6,975
Debt-free Net Working Capital (DFNWC)	10,587	11,385	12,140	11,425	11,277	11,620	0.00	-8,865	-7,584	-6,975
Net Working Capital (NWC)	10,587	11,385	12,140	283	312	-86	0.00	-21,689	-21,333	-20,322
Net Nonoperating Expense (NNE)	6.35	-0.27	-2.89	-1.69	3.91	5.43	1.13	-7.90	1.10	-23
Net Nonoperating Obligations (NNO)	12,035	11,717	12,377	7,244	7,089	5,834	21,973	8,648	9,864	9,717
Total Depreciation and Amortization (D&A)	26	52	62	55	68	63	52	57	43	38
Debt-free, Cash-free Net Working Capital to Revenue	1,627.25%	1,587.23%	1,575.51%	848.85%	838.26%	715.28%	0.00%	-1,065.68%	-904.54%	-625.33%
Debt-free Net Working Capital to Revenue	1,627.25%	1,587.23%	1,575.51%	1,400.12%	1,312.69%	1,497.97%	0.00%	-1,065.68%	-904.54%	-625.33%
Net Working Capital to Revenue	1,627.25%	1,587.23%	1,575.51%	34.65%	36.29%	-11.04%	0.00%	-2,607.39%	-2,544.49%	-1,821.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$1.53	$1.65	$1.32	$1.93	$2.14	$1.43	$2.06	$2.08	$1.84	$1.80
Adjusted Weighted Average Basic Shares Outstanding	139.46M	139.49M	139.56M	136.95M	133.08M	129.89M	128.96M	127.49M	127.57M	127.70M
Adjusted Diluted Earnings per Share	$1.53	$1.65	$1.32	$1.93	$2.13	$1.43	$2.05	$2.08	$1.84	$1.79
Adjusted Weighted Average Diluted Shares Outstanding	139.46M	139.49M	139.66M	137.11M	133.39M	130.22M	129.54M	127.98M	127.92M	128.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$2.14	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	139.70M	139.55M	139.60M	134.87M	130.35M	130.92M	128.16M	127.69M	127.62M	126.42M
Normalized Net Operating Profit after Tax (NOPAT)	220	230	254	263	288	191	267	258	236	207
Normalized NOPAT Margin	33.84%	32.05%	32.94%	32.19%	33.56%	24.65%	36.52%	30.99%	28.16%	18.60%
Pre Tax Income Margin	52.76%	51.84%	47.80%	43.89%	44.43%	31.42%	47.75%	42.22%	36.88%	26.23%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	15.69	13.83	18,127.70	52.67	22.21	21.71	71.54	725.03	10.63	12.22
NOPAT to Interest Expense	9.77	8.56	9,039.47	38.88	16.55	16.55	54.47	548.47	8.08	9.61
EBIT Less CapEx to Interest Expense	15.33	13.30	18,077.70	47.47	20.57	18.89	68.19	733.56	10.37	10.89
NOPAT Less CapEx to Interest Expense	9.41	8.03	8,989.47	33.67	14.90	13.73	51.12	557.00	7.82	8.28
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	76.82%	194.20%	68.01%	49.56%	48.61%	72.73%	50.48%	49.90%	56.45%	57.71%
Augmented Payout Ratio	76.82%	194.20%	68.01%	99.41%	96.52%	75.42%	78.70%	53.47%	56.45%	75.09%

This table displays calculated financial ratios and metrics derived from First Hawaiian's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	17.19%	35.53%	46.15%	40.88%	-7.27%	-55.98%	9.48%	6.13%	-0.49%	219.29%
EBITDA Growth	1.08%	49.06%	8.09%	5.21%	-15.22%	-36.20%	-25.56%	-11.44%	-9.62%	-9.69%
EBIT Growth	2.42%	52.57%	15.99%	11.68%	-14.30%	-38.48%	-27.23%	-10.64%	-10.15%	-9.85%
NOPAT Growth	2.31%	44.94%	16.23%	14.16%	-12.82%	-39.46%	-25.73%	-10.64%	-5.21%	-3.81%
Net Income Growth	7.37%	39.57%	15.76%	5.19%	-15.64%	-40.32%	-18.85%	-0.83%	5.62%	10.51%
EPS Growth	8.00%	43.18%	15.56%	6.52%	-14.81%	-41.27%	-19.23%	-2.04%	4.35%	10.81%
Operating Cash Flow Growth	221.62%	-9.50%	24.71%	5.52%	-83.18%	-62.20%	-19.35%	-25.53%	124.63%	176.23%
Free Cash Flow Firm Growth	170.12%	186.20%	-235.23%	-107.13%	-104.96%	-110.05%	158.15%	-14.67%	-17.17%	104.41%
Invested Capital Growth	-31.57%	-55.68%	195.04%	4.12%	2.81%	13.13%	-38.00%	4.39%	3.09%	-0.13%
Revenue Q/Q Growth	14.20%	12.58%	5.49%	3.88%	-24.84%	-46.56%	-2.51%	0.71%	-29.52%	71.45%
EBITDA Q/Q Growth	10.60%	11.71%	-12.27%	-2.94%	-10.88%	-15.93%	3.50%	15.47%	-9.05%	-15.99%
EBIT Q/Q Growth	15.37%	14.24%	-12.04%	-3.67%	-11.46%	-18.00%	5.41%	18.29%	-10.98%	-17.73%
NOPAT Q/Q Growth	15.25%	17.69%	-14.39%	-1.69%	-11.99%	-18.27%	6.39%	18.28%	-6.64%	-17.06%
Net Income Q/Q Growth	16.27%	15.31%	-16.05%	-6.55%	-6.76%	-18.41%	14.14%	14.20%	-0.69%	-14.63%
EPS Q/Q Growth	17.39%	16.67%	-17.46%	-5.77%	-6.12%	-19.57%	13.51%	14.29%	0.00%	-14.58%
Operating Cash Flow Q/Q Growth	56.66%	-30.04%	-24.21%	27.04%	-75.03%	57.21%	61.72%	17.31%	-24.69%	93.33%
Free Cash Flow Firm Q/Q Growth	-2.44%	152.69%	-194.66%	96.95%	32.14%	-412.45%	647.27%	-106.02%	30.66%	119.28%
Invested Capital Q/Q Growth	3.64%	-6.58%	81.82%	-40.86%	2.34%	2.80%	-0.35%	-0.42%	1.07%	-0.42%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	68.73%	67.10%	58.26%	55.04%	68.63%	137.14%	47.20%	49.17%	66.73%	35.02%
EBITDA Margin	46.40%	46.04%	38.29%	35.78%	42.42%	66.74%	26.04%	29.86%	38.53%	18.88%
Operating Margin	40.32%	40.91%	34.11%	31.63%	37.26%	57.18%	22.68%	26.64%	33.64%	16.14%
EBIT Margin	40.32%	40.91%	34.11%	31.63%	37.26%	57.18%	22.68%	26.64%	33.64%	16.14%
Profit (Net Income) Margin	31.65%	32.42%	25.80%	23.21%	28.79%	43.95%	19.12%	21.68%	30.55%	15.21%
Tax Burden Percent	74.96%	77.22%	75.16%	76.70%	76.24%	76.00%	76.71%	76.70%	80.44%	81.09%
Interest Burden Percent	104.72%	102.61%	100.62%	95.65%	101.33%	101.15%	109.93%	106.15%	112.91%	116.22%
Effective Tax Rate	25.04%	22.78%	24.84%	23.30%	23.76%	24.00%	23.29%	23.30%	19.56%	18.91%
Return on Invested Capital (ROIC)	1.61%	1.48%	1.76%	2.09%	2.34%	3.13%	1.21%	1.94%	2.52%	1.18%
ROIC Less NNEP Spread (ROIC-NNEP)	1.64%	1.49%	1.77%	2.06%	2.35%	3.14%	1.25%	1.97%	2.59%	1.26%
Return on Net Nonoperating Assets (RNNOA)	7.96%	9.27%	8.41%	8.22%	9.88%	12.21%	7.04%	7.67%	10.06%	4.83%
Return on Equity (ROE)	9.57%	10.75%	10.17%	10.31%	12.22%	15.35%	8.25%	9.61%	12.58%	6.01%
Cash Return on Invested Capital (CROIC)	39.12%	78.61%	-96.74%	-1.64%	-0.52%	-10.29%	48.27%	-2.53%	-1.34%	1.81%
Operating Return on Assets (OROA)	1.23%	1.37%	1.25%	1.26%	1.46%	1.94%	1.03%	1.25%	1.57%	0.74%
Return on Assets (ROA)	0.96%	1.09%	0.94%	0.92%	1.13%	1.49%	0.87%	1.02%	1.43%	0.70%
Return on Common Equity (ROCE)	9.57%	10.75%	10.17%	10.31%	12.22%	15.35%	8.25%	9.61%	12.58%	6.01%
Return on Equity Simple (ROE_SIMPLE)	11.05%	0.00%	11.80%	11.78%	11.36%	0.00%	8.85%	8.70%	8.50%	0.00%
Net Operating Profit after Tax (NOPAT)	66	78	66	65	57	47	49	58	54	45
NOPAT Margin	30.22%	31.59%	25.64%	24.26%	28.41%	43.45%	17.39%	20.43%	27.06%	13.09%
Net Nonoperating Expense Percent (NNEP)	-0.03%	-0.01%	0.00%	0.03%	-0.01%	-0.01%	-0.04%	-0.04%	-0.07%	-0.07%
Return On Investment Capital (ROIC_SIMPLE)	-	0.51%	-	-	-	0.29%	-	-	-	0.28%
Cost of Revenue to Revenue	31.27%	32.90%	41.74%	44.96%	31.37%	-37.14%	52.80%	50.83%	33.27%	64.98%
SG&A Expenses to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	28.41%	26.19%	24.14%	23.41%	31.37%	79.97%	24.53%	22.53%	33.08%	18.88%
Earnings before Interest and Taxes (EBIT)	88	100	88	85	75	62	64	76	68	56
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	101	113	99	96	86	72	74	85	78	65
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	1.32	1.05	0.92	0.93	1.11	1.09	1.03	1.12	1.26
Price to Tangible Book Value (P/TBV)	2.37	2.35	1.83	1.58	1.62	1.85	1.80	1.69	1.79	2.03
Price to Revenue (P/Rev)	3.72	3.60	2.67	2.18	2.25	3.30	2.44	2.31	2.61	2.95
Price to Earnings (P/E)	11.74	11.26	8.87	7.77	8.21	11.76	12.32	11.83	13.15	14.28
Dividend Yield	4.65%	4.44%	5.45%	6.14%	6.05%	4.80%	4.85%	5.07%	4.49%	4.05%
Earnings Yield	8.52%	8.88%	11.27%	12.87%	12.17%	8.51%	8.12%	8.45%	7.60%	7.00%
Enterprise Value to Invested Capital (EV/IC)	1.06	1.07	1.01	0.98	0.99	1.02	1.02	1.01	1.03	1.05
Enterprise Value to Revenue (EV/Rev)	16.08	13.99	21.85	11.64	12.15	15.06	11.19	10.85	11.18	11.66
Enterprise Value to EBITDA (EV/EBITDA)	34.25	29.28	49.29	28.16	30.07	35.73	38.29	38.99	41.23	43.09
Enterprise Value to EBIT (EV/EBIT)	40.31	34.15	56.55	31.89	33.95	40.65	43.85	44.56	47.19	49.30
Enterprise Value to NOPAT (EV/NOPAT)	52.77	45.15	74.73	41.94	44.46	53.49	57.37	58.30	60.87	62.68
Enterprise Value to Operating Cash Flow (EV/OCF)	27.91	27.03	44.65	25.50	36.73	49.51	52.43	58.09	51.85	40.96
Enterprise Value to Free Cash Flow (EV/FCFF)	2.19	0.83	0.00	0.00	0.00	0.00	1.61	0.00	0.00	58.21
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	5.80	5.72	9.35	5.75	5.86	5.59	5.48	5.34	5.13	5.16
Long-Term Debt to Equity	0.00	0.06	9.35	0.27	0.07	0.06	0.06	0.06	0.06	0.06
Financial Leverage	4.86	6.22	4.76	3.99	4.21	3.89	5.64	3.89	3.88	3.84
Leverage Ratio	10.26	10.06	10.82	10.82	10.94	10.41	10.15	9.88	9.74	9.55
Compound Leverage Factor	10.75	10.33	10.89	10.35	11.08	10.53	11.16	10.49	11.00	11.10
Debt to Total Capital	85.30%	85.11%	90.34%	85.18%	85.41%	84.83%	84.57%	84.23%	83.69%	83.77%
Short-Term Debt to Total Capital	85.30%	84.16%	0.00%	81.10%	84.45%	83.88%	83.59%	83.24%	82.69%	82.77%
Long-Term Debt to Total Capital	0.00%	0.94%	90.34%	4.07%	0.96%	0.96%	0.98%	0.99%	1.01%	0.99%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	14.70%	14.89%	9.66%	14.82%	14.59%	15.17%	15.43%	15.77%	16.31%	16.23%
Debt to EBITDA	35.46	32.62	53.79	33.10	34.92	39.35	42.11	43.08	44.13	44.76
Net Debt to EBITDA	26.33	21.75	43.27	22.89	24.51	27.91	29.92	30.69	31.62	32.20
Long-Term Debt to EBITDA	0.00	0.36	53.79	1.58	0.39	0.44	0.49	0.51	0.53	0.53
Debt to NOPAT	54.63	50.31	81.56	49.29	51.62	58.90	63.09	64.41	65.15	65.11
Net Debt to NOPAT	40.56	33.55	65.60	34.09	36.23	41.78	44.83	45.89	46.68	46.84
Long-Term Debt to NOPAT	0.00	0.56	81.56	2.36	0.58	0.66	0.73	0.76	0.78	0.77
Altman Z-Score	-0.10	-0.89	0.15	-0.88	-0.88	-0.86	-0.84	-0.83	-0.83	-0.82
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Quick Ratio	0.77	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5,458	13,791	-13,055	-399	-271	-1,387	7,592	-457	-317	61
Operating Cash Flow to CapEx	3,259.72%	4,278.77%	5,314.02%	3,982.44%	640.52%	534.80%	1,370.91%	1,305.71%	895.98%	1,002.42%
Free Cash Flow to Firm to Interest Expense	5,457,782.07	29,405.62	-4,331.51	-35.62	-33.82	-197.47	1,189.59	-70.63	-54.77	20.76
Operating Cash Flow to Interest Expense	155,847.00	232.46	27.42	9.38	3.28	5.87	10.44	12.07	10.17	38.66
Operating Cash Flow Less CapEx to Interest Expense	151,066.00	227.03	26.90	9.14	2.76	4.77	9.68	11.15	9.04	34.81
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.03	0.03	0.04	0.04	0.04	0.03	0.05	0.05	0.05	0.05
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	2.49	2.78	3.08	3.37	3.38	2.98	4.01	4.05	4.02	3.91
Accounts Payable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	11,686	10,917	19,849	11,739	12,014	12,350	12,307	12,255	12,386	12,334
Invested Capital Turnover	0.05	0.05	0.07	0.09	0.08	0.07	0.07	0.09	0.09	0.09
Increase / (Decrease) in Invested Capital	-5,392	-13,714	13,122	464	328	1,434	-7,543	516	372	-16
Enterprise Value (EV)	12,340	11,638	19,958	11,539	11,857	12,627	12,532	12,329	12,698	13,004
Market Capitalization	2,855	2,990	2,438	2,160	2,194	2,763	2,739	2,625	2,961	3,287
Book Value per Share	$17.23	$17.77	$18.24	$18.49	$18.42	$19.48	$19.70	$19.95	$20.71	$20.47
Tangible Book Value per Share	$9.44	$9.97	$10.44	$10.69	$10.62	$11.68	$11.90	$12.16	$12.92	$12.68
Total Capital	14,975	15,237	24,111	15,920	16,118	16,392	16,295	16,172	16,239	16,125
Total Debt	12,775	12,968	21,782	13,560	13,767	13,906	13,781	13,622	13,591	13,507
Total Long-Term Debt	0.00	144	21,782	649	155	157	160	161	164	160
Net Debt	9,485	8,648	17,520	9,380	9,663	9,864	9,793	9,705	9,738	9,717
Capital Expenditures (CapEx)	4.78	2.55	1.56	2.64	4.09	7.71	4.86	5.99	6.57	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	4,235	-8,865	-147	-8,167	-7,899	-7,584	-7,049	-6,857	-6,800	-6,975
Debt-free Net Working Capital (DFNWC)	7,524	-8,865	-147	-8,167	-7,899	-7,584	-7,049	-6,857	-6,800	-6,975
Net Working Capital (NWC)	-5,250	-21,689	-147	-21,078	-21,511	-21,333	-20,669	-20,319	-20,228	-20,322
Net Nonoperating Expense (NNE)	-3.11	-2.02	-0.41	2.84	-0.77	-0.54	-4.90	-3.58	-7.03	-7.33
Net Nonoperating Obligations (NNO)	9,485	8,648	17,520	9,380	9,663	9,864	9,793	9,705	9,738	9,717
Total Depreciation and Amortization (D&A)	13	13	11	11	10	10	9.54	9.20	9.84	9.44
Debt-free, Cash-free Net Working Capital to Revenue	551.83%	-1,065.68%	-16.10%	-823.50%	-809.46%	-904.54%	-629.13%	-603.20%	-598.66%	-625.33%
Debt-free Net Working Capital to Revenue	980.41%	-1,065.68%	-16.10%	-823.50%	-809.46%	-904.54%	-629.13%	-603.20%	-598.66%	-625.33%
Net Working Capital to Revenue	-684.12%	-2,607.39%	-16.10%	-2,125.47%	-2,204.41%	-2,544.49%	-1,844.89%	-1,787.29%	-1,780.82%	-1,821.92%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.54	$0.63	$0.52	$0.49	$0.46	$0.37	$0.42	$0.48	$0.48	$0.42
Adjusted Weighted Average Basic Shares Outstanding	127.38M	127.49M	127.45M	127.59M	127.61M	127.57M	127.71M	127.87M	127.89M	127.70M
Adjusted Diluted Earnings per Share	$0.54	$0.63	$0.52	$0.49	$0.46	$0.37	$0.42	$0.48	$0.48	$0.41
Adjusted Weighted Average Diluted Shares Outstanding	127.80M	127.98M	128.03M	127.83M	127.94M	127.92M	128.22M	128.26M	128.50M	128.33M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	127.68M	127.69M	127.60M	127.61M	127.61M	127.62M	127.84M	127.89M	127.89M	126.42M
Normalized Net Operating Profit after Tax (NOPAT)	66	78	66	65	57	47	49	58	54	45
Normalized NOPAT Margin	30.22%	31.59%	25.64%	24.26%	28.41%	43.45%	17.39%	20.43%	27.06%	13.09%
Pre Tax Income Margin	42.22%	41.98%	34.32%	30.26%	37.76%	57.83%	24.93%	28.27%	37.99%	18.76%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	87,929.00	214.17	29.32	7.60	9.42	8.80	10.07	11.75	11.70	18.92
NOPAT to Interest Expense	65,908.07	165.39	22.03	5.83	7.18	6.69	7.73	9.01	9.41	15.34
EBIT Less CapEx to Interest Expense	83,148.00	208.74	28.80	7.37	8.91	7.70	9.31	10.82	10.56	15.06
NOPAT Less CapEx to Interest Expense	61,127.07	159.95	21.52	5.60	6.67	5.59	6.97	8.09	8.27	11.49
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	54.59%	49.90%	48.24%	47.69%	49.64%	56.45%	59.68%	59.84%	59.00%	57.71%
Augmented Payout Ratio	67.33%	53.47%	48.24%	47.69%	49.64%	56.45%	59.68%	59.84%	59.00%	75.09%

Frequently Asked Questions About First Hawaiian's Financials

When does First Hawaiian's financial year end?

According to the most recent income statement we have on file, First Hawaiian's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has First Hawaiian's net income changed over the last 9 years?

The last 5 years of First Hawaiian's net income performance:

2020: $185.75 million
2021: $265.74 million
2022: $265.69 million
2023: $234.98 million
2024: $230.13 million

What is First Hawaiian's operating income?

First Hawaiian's total operating income in 2024 was $263.77 million, based on the following breakdown:

Total Gross Profit: $529.39 million
Total Operating Expenses: $265.62 million

How has First Hawaiian revenue changed over the last 9 years?

Over the last 9 years, First Hawaiian's total revenue changed from $650.58 million in 2015 to $1.12 billion in 2024, a change of 71.5%.

How much debt does First Hawaiian have?

First Hawaiian's total liabilities were at $21.21 billion at the end of 2024, a 5.5% decrease from 2023, and a 27.7% increase since 2015.

How has First Hawaiian's book value per share changed over the last 9 years?

Over the last 9 years, First Hawaiian's book value per share changed from 19.63 in 2015 to 20.47 in 2024, a change of 4.3%.

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This page (NASDAQ:FHB) was last updated on 4/14/2025 by MarketBeat.com Staff

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First Hawaiian (FHB) Financials

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First Hawaiian (FHB) Financials

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