First Hawaiian, Inc. (FHB) Income Statement
FHB 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsFHB revenue and net income
Where FHB's revenue goes
2025Each bar shows an amount and its share of revenue. FHB kept 23.6% of revenue as net income.
FHB profit margins
FHB growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +3.2% | +12.9% | +9.0% | +5.6% |
| Gross profit | +12.3% | +3.9% | +7.7% | +2.8% |
| Operating income | +21.1% | +0.3% | +7.8% | +0.3% |
| Net income | +20.0% | +1.3% | +8.3% | +2.6% |
| EPS (diluted) | +20.7% | +1.4% | +8.1% | +3.5% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
FHB quarterly EPS vs estimates
First Hawaiian beat the analyst EPS estimate in 8 of the last 8 quarters. Next report: October 23, 2026 (estimate $0.60).
FHB income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.17B | $1.13B | $1.09B | $811.8M | $709.0M | $758.0M | $841.3M | $800.2M | $753.0M | $722.1M |
| Cost of revenue | $314.8M | $372.1M | $314.1M | $51.1M | −$20.2M | $168.7M | $119.1M | $101.9M | $60.5M | $35.4M |
| Gross profit | $853.6M | $760.0M | $778.7M | $760.7M | $729.2M | $589.3M | $722.2M | $698.3M | $692.5M | $686.6M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $401.3M | $243.3M | $233.4M | $207.1M | $188.5M | $179.9M | $180.0M | $172.0M | $169.3M | $163.3M |
| Total operating expenses | $499.3M | $467.4M | $469.5M | $409.5M | $380.2M | $345.6M | $340.5M | $340.1M | $324.2M | $314.8M |
| Operating income | $354.2M | $292.6M | $309.2M | $351.2M | $349.0M | $243.7M | $381.7M | $358.2M | $368.4M | $371.8M |
| Interest income | $951.3M | $980.0M | $883.0M | $663.2M | $549.3M | $582.8M | $678.7M | $646.1M | $570.8M | $518.5M |
| Interest expense | $287.6M | $357.3M | $287.5M | $49.7M | $18.8M | $47.0M | $105.3M | $79.7M | $42.0M | $26.8M |
| Income before taxes | $354.2M | $292.6M | $309.2M | $351.2M | $349.0M | $243.7M | $381.7M | $358.2M | $368.4M | $371.8M |
| Income taxes | $78.0M | $62.5M | $74.2M | $85.5M | $83.3M | $58.0M | $97.3M | $93.8M | $184.7M | $141.7M |
| Net income | $276.3M | $230.1M | $235.0M | $265.7M | $265.7M | $185.8M | $284.4M | $264.4M | $183.7M | $230.2M |
| EBITDA | $387.8M | $330.6M | $351.9M | $408.0M | $400.8M | $306.8M | $449.5M | $413.1M | $430.4M | $424.0M |
| EPS (diluted) | $2.16 | $1.79 | $1.84 | $2.07 | $2.16 | $1.46 | $2.18 | $2.09 | $1.65 | $1.19 |
| Gross margin | 73.1% | 67.1% | 71.3% | 93.7% | 102.9% | 77.7% | 85.8% | 87.3% | 92.0% | 95.1% |
| Operating margin | 30.3% | 25.8% | 28.3% | 43.3% | 49.2% | 32.2% | 45.4% | 44.8% | 48.9% | 51.5% |
| Net margin | 23.6% | 20.3% | 21.5% | 32.7% | 37.5% | 24.5% | 33.8% | 33.0% | 24.4% | 31.9% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $110.4M | $282.5M | $292.4M | $290.9M | $282.3M | $277.7M | $261.6M | $294.6M | $288.0M | $287.8M | $291.9M | $277.5M |
| Cost of revenue | $67.2M | $67.2M | $74.2M | $77.7M | $77.7M | $85.1M | $80.7M | $100.7M | $93.9M | $96.8M | $94.6M | $90.2M |
| Gross profit | $43.4M | $215.3M | $218.2M | $213.2M | $204.6M | $192.6M | $181.0M | $193.9M | $194.1M | $191.0M | $197.3M | $187.4M |
| Sales, general & admin | $105.4M | $88.9M | $102.4M | $63.6M | $18.0M | $62.3M | $60.5M | $61.4M | $59.5M | $61.9M | $57.3M | $58.2M |
| Total operating expenses | $130.3M | $127.9M | $125.1M | $117.0M | $116.5M | $115.6M | $116.2M | $117.5M | $113.4M | $120.3M | $134.8M | $111.0M |
| Operating income | −$86.9M | $87.5M | $93.1M | $96.1M | $88.1M | $76.9M | $64.7M | $76.4M | $80.7M | $70.7M | $62.5M | $76.4M |
| Interest income | $232.4M | $229.7M | $236.8M | $242.6M | $236.7M | $235.2M | $240.2M | $250.0M | $244.9M | $245.0M | $241.0M | $239.8M |
| Interest expense | $61.4M | $62.2M | $66.5M | $73.2M | $73.2M | $74.6M | $81.4M | $93.3M | $92.1M | $90.5M | $89.2M | $82.7M |
| Income before taxes | $95.2M | $87.5M | $93.1M | $96.1M | $88.1M | $76.9M | $64.7M | $76.4M | $80.7M | $70.7M | $62.5M | $76.4M |
| Income taxes | $21.9M | $19.7M | $23.1M | $22.3M | $14.9M | $17.7M | $12.2M | $15.0M | $18.8M | $16.5M | $15.0M | $18.1M |
| Net income | $73.4M | $67.8M | $69.9M | $73.8M | $73.2M | $59.2M | $52.5M | $61.5M | $61.9M | $54.2M | $47.5M | $58.2M |
| EBITDA | −$79.5M | $95.8M | $101.0M | $104.0M | $97.5M | $85.3M | $74.2M | $86.3M | $89.9M | $80.2M | $72.8M | $86.8M |
| EPS (diluted) | $0.60 | $0.55 | $0.56 | $0.59 | $0.54 | $0.47 | $0.41 | $0.48 | $0.48 | $0.42 | $0.37 | $0.46 |
| Gross margin | 39.3% | 76.2% | 74.6% | 73.3% | 72.5% | 69.3% | 69.2% | 65.8% | 67.4% | 66.4% | 67.6% | 67.5% |
| Operating margin | −78.6% | 31.0% | 31.8% | 33.0% | 31.2% | 27.7% | 24.7% | 25.9% | 28.0% | 24.6% | 21.4% | 27.5% |
| Net margin | 66.4% | 24.0% | 23.9% | 25.4% | 25.9% | 21.3% | 20.1% | 20.9% | 21.5% | 18.8% | 16.3% | 21.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in FHB's financial statements (latest annual report filed February 27, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
FHB financial results
In fiscal year 2025 (ended December 31, 2025), First Hawaiian reported revenue of $1.2 billion, up 3.2% from the year before. It had net income of $276.3 million (up 20.0%), a net profit margin of 23.6%. Diluted earnings per share came to $2.16. Over five years revenue grew at an average rate of 9.0% a year.
See the FHB stock overview for the latest quote and news, or the FHB chart for price history and technical indicators.
FHB income statement FAQ
What is First Hawaiian's annual revenue?
First Hawaiian reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 3.2% from $1.1 billion the previous year.
Is First Hawaiian profitable?
Yes. First Hawaiian reported net income of $276.3 million in fiscal 2025, a net profit margin of 23.6%; its operating margin was 30.3%.
What is First Hawaiian's gross margin?
First Hawaiian's gross margin was 73.1% in fiscal 2025: for every $100 of revenue, First Hawaiian kept $73 after the direct cost of its products and services.
How fast is First Hawaiian growing?
Revenue grew 9.0% a year on average over the last five fiscal years, from $758.0 million to $1.2 billion.
What are First Hawaiian's earnings per share?
First Hawaiian earned $2.16 per diluted share in fiscal 2025, compared with $1.79 a year earlier.
When will First Hawaiian report its next earnings?
First Hawaiian is expected to report results for the quarter ending September 30, 2026 on October 23, 2026 before the market opens.
When does First Hawaiian's fiscal year end?
First Hawaiian's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 27, 2026.