First Hawaiian, Inc.
NASDAQ:FHB · NASDAQ Global Select
+$0.17 today
Vol 2.34M · Avg 1.66M
Income Statement
Follow revenue through to earnings
Review sales, margins, expenses, and profit trends to see what is actually driving reported earnings over time.
Stock Ticker Earnings Waterfall
NASDAQ:FHB · Revenue to Net Income
Key Ratios
Analysis
$1.1B of revenue converted into $284.8M of net income for the selected period. Gross margin is 74.2% and net margin is 24.8%, showing how much revenue survives after costs and taxes. EPS is $2.28, tying the income statement back to per-share earnings.
Income Statement
Annual data · 5 periods
| Metric | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.2B +3.2% | $1.1B +3.6% | $1.1B +34.6% | $811.8M +14.5% | $709.0M | $809.6M | $921.6M | $731.2M |
| Cost of Revenue | $314.8M -15.4% | $372.1M +18.5% | $314.1M +515.1% | $51.1M +352.2% | -$20.2M | $725.6M | $804.0M | $882.4M |
| Gross Profit | $853.6M +12.3% | $760.0M -2.4% | $778.7M +2.4% | $760.7M +4.3% | $729.2M | $8.9B | $7.6B | $6.2B |
| Gross Margin | 73.1% +5.9pp | 67.1% -4.1pp | 71.3% -22.5pp | 93.7% -9.1pp | 102.9% | 9.8% | 28.9% | 38.3% |
| Research & Development | $0 | $0 | $0 | $0 | $0 | $983.2M | $1.3B | $490.4M |
| Selling, General & Admin | $401.3M +64.9% | $243.3M +4.2% | $233.4M +12.7% | $207.1M +9.9% | $188.5M | $620.6M | $923.0M | -$1.5B |
| Operating Expenses | $499.3M +6.8% | $467.4M -0.5% | $469.5M +14.7% | $409.5M +7.7% | $380.2M | $5.3B | $7.0B | $8.7B |
| Depreciation & Amortization | $33.6M -11.7% | $38.0M -11.1% | $42.8M -24.6% | $56.7M +9.5% | $51.8M | $374.2M | $1.2B | $631.8M |
| EBITDA | $387.8M +17.3% | $330.6M -6.1% | $351.9M -13.7% | $408.0M +1.8% | $400.8M | -$15.2B | $6.8B | $9.3B |
| EBITDA Margin | 33.2% +4.0pp | 29.2% -3.0pp | 32.2% -18.0pp | 50.3% -6.3pp | 56.5% | 5.6% | 46.3% | 42.0% |
| Operating Income | $354.2M +21.1% | $292.6M -5.4% | $309.2M -12.0% | $351.2M +0.6% | $349.0M | $12.3B | $14.0B | -$15.7B |
| Operating Margin | 30.3% +4.5pp | 25.8% -2.4pp | 28.3% -15.0pp | 43.3% -6.0pp | 49.2% | 16.6% | 24.1% | 22.0% |
| Interest Income | $951.3M -2.9% | $980.0M +6.1% | $923.6M +39.3% | $663.2M +20.7% | $549.3M | -$1.5B | -$1.6B | $405.0M |
| Interest Expense | $287.6M -19.5% | $357.3M +24.3% | $287.5M +478.7% | $49.7M +164.9% | $18.8M | $1.1B | $1.0B | $1.2B |
| Other Income / Expenses | $0 | $0 | $0 | $0 | $0 | -$1.5B | $1.4B | $1.2B |
| Income Before Tax | $354.2M +21.1% | $292.6M -5.4% | $309.2M -12.0% | $351.2M +0.6% | $349.0M | $3.3B | $4.9B | $3.6B |
| Pre-Tax Margin | 30.3% +4.5pp | 25.8% -2.4pp | 28.3% -15.0pp | 43.3% -6.0pp | 49.2% | 20.8% | 18.7% | 26.2% |
| Income Tax Expense | $78.0M +24.8% | $62.5M -15.8% | $74.2M -13.3% | $85.5M +2.7% | $83.3M | $1.3B | -$1.6B | $745.2M |
| Net Income | $276.3M +20.0% | $230.1M -2.1% | $235.0M -11.6% | $265.7M -0.0% | $265.7M | $4.9B | $4.8B | $4.7B |
| Net Margin | 23.6% +3.3pp | 20.3% -1.2pp | 21.5% -11.2pp | 32.7% -4.8pp | 37.5% | 12.4% | 17.5% | 22.5% |
| EPS (Basic) | $2 +22.8% | $2 -2.2% | $2 -11.5% | $2 +1.0% | $2 | $400.8M | $703.2M | $1.3B |
| EPS (Diluted) | $2 +22.9% | $2 -2.7% | $2 -11.5% | $2 +1.5% | $2 | $766.2M | $609.4M | $452.6M |
| Weighted Avg Shares | $124.8M -2.3% | $127.7M +0.1% | $127.6M +0.1% | $127.5M -1.1% | $129.0M | $757.8M | $925.8M | $1.1B |
| Weighted Avg Shares (Diluted) | $125.5M -2.2% | $128.3M +0.3% | $127.9M -0.1% | $128.0M -1.2% | $129.5M | $1.2B | $924.4M | $678.0M |
Older periods hidden.
Sign in to unlockCompetitors
Peer companies in the same sector
Fulton Financial Corporation
NASDAQ:FULT
$4.37B
Cathay General Bancorp
NASDAQ:CATY
$3.97B
First BanCorp.
NYSE:FBP
$3.88B
WSFS Financial Corporation
NASDAQ:WSFS
$3.84B
WesBanco, Inc.
NASDAQ:WSBC
$3.45B
BankUnited, Inc.
NYSE:BKU
$3.43B
Community Bank System, Inc.
NYSE:CBU
$3.25B
Bank of Hawaii Corporation
NYSE:BOH
$3.08B
The Bancorp, Inc.
NASDAQ:TBBK
$2.32B
SEC Filings
Recent regulatory filings
No filings found.
How much revenue does FHB generate?
First Hawaiian, Inc. (FHB) reported $1.17B of revenue in fiscal 2025.
Is FHB profitable?
First Hawaiian, Inc. (FHB) reported $276.27M of net income, with a net margin of 23.6%.
Explore More
Continue the stock analysis
Jump to another research area for this company.