Company Quick10K Filing
First Hawaiian
Closing Price ($) Shares Out (MM) Market Cap ($MM)
$0.00 135 $3,461
10-Q 2019-10-25 Quarter: 2019-09-30
10-Q 2019-07-29 Quarter: 2019-06-30
10-Q 2019-04-26 Quarter: 2019-03-31
10-K 2019-02-28 Annual: 2018-12-31
10-Q 2018-10-26 Quarter: 2018-09-30
10-Q 2018-07-27 Quarter: 2018-06-30
10-Q 2018-04-27 Quarter: 2018-03-31
10-K 2018-02-28 Annual: 2017-12-31
10-Q 2017-10-27 Quarter: 2017-09-30
10-Q 2017-08-10 Quarter: 2017-06-30
10-Q 2017-04-28 Quarter: 2017-03-31
10-K 2017-03-15 Annual: 2016-12-31
10-Q 2016-11-10 Quarter: 2016-09-30
10-Q 2016-09-09 Quarter: 2016-06-30
8-K 2020-02-11 Regulation FD, Exhibits
8-K 2020-01-22 Earnings, Amend Bylaw, Exhibits
8-K 2019-11-04 Regulation FD, Exhibits
8-K 2019-10-24 Earnings, Exhibits
8-K 2019-09-06 Regulation FD, Exhibits
8-K 2019-08-09 Other Events, Exhibits
8-K 2019-07-25 Earnings, Exhibits
8-K 2019-06-07 Regulation FD, Exhibits
8-K 2019-04-25 Earnings, Exhibits
8-K 2019-04-24 Shareholder Vote
8-K 2019-03-11 Officers
8-K 2019-03-04 Regulation FD, Exhibits
8-K 2019-03-01 Other Events, Exhibits
8-K 2019-02-27 Officers, Exhibits
8-K 2019-02-12 Officers, Other Events
8-K 2019-01-30 Other Events, Exhibits
8-K 2019-01-24 Earnings, Exhibits
8-K 2019-01-14 Other Events, Exhibits
8-K 2018-11-05 Regulation FD, Exhibits
8-K 2018-10-25 Earnings, Exhibits
8-K 2018-10-24 Officers
8-K 2018-09-05 Officers, Other Events, Exhibits
8-K 2018-09-05 Other Events
8-K 2018-07-29 Other Events
8-K 2018-07-26 Enter Agreement, Control, Officers, Other Events, Exhibits
8-K 2018-07-26 Earnings, Exhibits
8-K 2018-07-25 Officers, Exhibits
8-K 2018-07-15 Officers
8-K 2018-06-08 Regulation FD
8-K 2018-05-22 Regulation FD, Exhibits
8-K 2018-05-07 Enter Agreement, Other Events, Exhibits
8-K 2018-04-26 Earnings, Exhibits
8-K 2018-04-25 Officers, Shareholder Vote, Exhibits
8-K 2018-02-06 Regulation FD, Exhibits
8-K 2018-02-06 Officers, Exhibits
8-K 2018-01-25 Earnings, Exhibits
8-K 2018-01-25 Other Events
8-K 2018-01-08 Officers, Exhibits

First Hawaiian Financials

FHB Metrics, Comps, Filings

Annual | Quarterly

Business

We are a bank holding company incorporated in the state of Delaware and headquartered in Honolulu, Hawaii. Our wholly‑owned bank subsidiary, FHB, was founded in 1858 under the name Bishop & Company and was the first successful banking partnership in the Kingdom of Hawaii and the second oldest bank formed west of the Mississippi River. Today, FHB is the largest full service bank headquartered in Hawaii as measured by assets, loans, deposits and core net income. As of December 31, 2018, we had $20.7 billion of assets, $13.1 billion of gross loans and leases, $17.2 billion of deposits and $2.5 billion of stockholders’ equity. We generated $264.4 million of net income or diluted earnings per share of $1.93 per share for the year ended December 31, 2018.

Through the Bank, we operate a network of 60 branches in Hawaii (55 branches), Guam (3 branches) and Saipan (2 branches). We provide a diversified range of banking services to consumer and commercial customers, including deposit products, lending services and wealth management and trust services. Through our distribution channels, we offer a variety of deposit products to our customers, including checking and savings accounts and other types of deposit accounts. We offer comprehensive commercial banking services to middle market and large Hawaii‑based businesses with over $10 million of revenue, strong balance sheets and high quality collateral. We provide commercial and industrial lending, including auto dealer flooring, commercial real estate and construction lending. We also offer comprehensive consumer lending services focused on residential real estate lending, indirect auto financing and other consumer loans to individuals and small businesses through our branch, online and mobile distribution channels. Our wealth management business provides an array of trust services, private banking and investment management services. We also offer consumer and commercial credit cards and merchant processing.

We seek to develop comprehensive, long-term banking relationships by offering a diverse array of products and services, cross‑selling those products and services and delivering high quality customer service. Our service culture and emphasis on repeat positive customer experiences are integral to our banking strategy and exemplified by our longstanding customer relationships.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Stockholders' Equity

Income Statement ($BB Annual)

Revenue, Gross Profit, Net Income

Cash Flow ($BB Annual)

Operating, Investing, Financing

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Iberiabank (IBKC) 4,023 5.7 1% 31,447 27,209 0 0 433 805 4,609
FNB (FNB) 3,765 6.0 1% 33,903 29,150 0 0 390 765 4,604
United Bankshares (UBSI) 3,716 10.6 1% 19,883 16,549 0 0 259 498 5,264
First Hawaiian (FHB) 3,461 0% 6.9 1% 20,526 17,867 752 0 270 462 3,177
Valley National Bancorp (VLY) 3,439 5.4 1% 33,028 29,524 0 0 336 889 4,784
Associated BancCorp (ASB) 3,433 0% 4.6 1% 33,273 29,373 1,232 0 346 805 3,673
Hancock Whitney (HWC) 3,415 10.5 0% 28,762 25,443 0 0 0 311 3,283
Glacier Bancorp (GBCI) 3,406 0% 11.0 2% 12,676 10,989 79 0 200 289 3,175
Community Bank System (CBU) 3,370 9.4 2% 10,745 8,936 0 0 171 267 2,495
Bank of Hawaii (BOH) 3,345 8.2 1% 17,689 16,403 0 0 227 360 2,966
MB Financial (MBFI) 3,338 8.5 1% 20,207 17,172 0 0 214 356 3,037
TCF Financial (TCF) 3,265 6.1 1% 24,419 21,773 0 0 310 764 4,642
Home Bancshares (HOMB) 3,159 9.4 0% 15,288 12,866 0 0 0 276 2,602
UMB Financial (UMBF) 3,095 3.5 1% 24,016 21,538 0 0 198 458 1,601
Centerstate Bank (CSFL) 2,988 6.8 1% 17,037 14,146 0 0 188 315 2,151
Texas Capital Bancshares (TCBI) 2,987 -0.8 1% 29,970 27,302 0 0 318 823 -658
Investors Bancorp (ISBC) 2,968 0% 4.3 1% 27,064 24,137 12 0 182 632 2,713
CVB Financial (CVBF) 2,942 9.9 2% 11,172 9,235 0 0 188 279 2,766
Chemical Financial (CHFC) 2,899 5.3 1% 22,492 19,538 0 0 276 514 2,732
Old National Bancorp (ONB) 2,876 0% 6.2 1% 20,145 17,342 96 0 218 415 2,575

Balance Sheet ($MM)2016-12-312017-12-312018-12-31
Cash61,0351,004
Accounts Receivable
Inventory
PP&E301289305
Assets2,49720,54920,696
Accounts Payable
Long-Term Debt00600
Liabilities2118,01718,171
Stockholders' Equity2,4762,5332,525
Income Statement ($MM)2016-12-312017-12-312018-12-31
Revenue480745
Cost of Revenue
Gross Profit
R&D
SG&A065
Tax19018594
Net Income230184264
Cash Flow ($MM)2016-12-312017-12-312018-12-31
Cash Operating443270351
Cash Investing-1,897-971-258
Cash Financing-447684-125