First Hawaiian Inc - Understand $fhb stock

$FHB Market Cap: $3.503 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$620.4M

TTM

Gross Margin

Net Earnings

$225.1M

TTM

Current Assets

Current Liabilities

$250.0M

Q3 2024

Current Ratio

Total Assets

$23.78B

Q3 2024

Total Liabilities

$21.13B

Q3 2024

Book Value

$2.648B

Q3 2024

Cash

$1.073B

Q3 2024

P/E

15.56

Nov 13, 2024 EST

Free Cash Flow

$219.8M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2004	2003	2002	2001	2000
Revenue	$836.9M	$793.1M	$715.5M	$733.1M	$765.9M	$745.3M	$570.8M
YoY Change	5.53%	10.85%	-2.41%	-4.29%	2.77%	30.58%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017
Revenue	$836.9M	$793.1M	$715.5M	$733.1M	$765.9M	$745.3M	$570.8M
Cost Of Revenue
Gross Profit
Gross Profit Margin

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2004	2003	2002	2001	2000
Selling, General & Admin
YoY Change
% of Gross Profit
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$13.59M	$15.32M	$15.83M	$15.95M	$14.52M	$15.30M	$15.28M	$52.20M	$25.70M	$25.90M	$94.80M	$64.40M	$68.00M	$1.000M	$70.10M
YoY Change	-11.31%	-3.24%	-0.76%	9.85%	-5.1%	0.16%	-70.73%	103.11%	-0.77%		47.2%	-5.29%	6700.0%	-98.57%
% of Gross Profit
Operating Expenses
YoY Change
Operating Profit
YoY Change

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017
Interest Expense	$287.5M	$49.67M	$18.75M	$47.03M	$105.3M	$79.73M	$41.96M
YoY Change	478.71%	164.88%	-60.12%	-55.34%	32.05%	90.0%
% of Operating Profit
Other Income/Expense, Net
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2004	2003	2002	2001	2000
Pretax Income	$309.2M	$351.2M	$349.0M	$243.7M	$381.7M	$358.2M	$368.4M	$371.8M	$343.2M	$344.2M	$772.1M	$711.6M	$595.3M	$13.00M	$368.6M
YoY Change	-11.97%	0.63%	43.19%	-36.15%	6.57%	-2.76%	-0.93%	8.33%	-0.29%	-0.09%	8.5%	19.54%	4479.23%	-96.47%
Income Tax	$74.19M	$85.53M	$83.26M	$57.97M	$97.31M	$93.78M	$184.7M	$141.7M	$129.4M	$127.6M	$298.7M	$272.7M	$234.0M	$4.700M	$152.2M
% Of Pretax Income	24.0%	24.35%	23.86%	23.79%	25.49%	26.18%	50.13%	38.11%	37.7%	37.07%	38.69%	38.32%	39.31%	36.15%	41.29%
Net Earnings	$235.0M	$265.7M	$265.7M	$185.8M	$284.4M	$264.4M	$183.7M	$230.2M	$213.8M	$216.7M	$473.4M	$436.6M	$361.3M	$8.300M	$216.4M
YoY Change	-11.56%	-0.02%	43.06%	-34.68%	7.56%	43.94%	-20.21%	7.67%	-1.34%	1.03%	8.43%	20.84%	4253.01%	-96.16%
Net Earnings / Revenue	28.08%	33.5%	37.14%	25.34%	37.13%	35.47%	32.18%
Basic Earnings Per Share	$1.84	$2.08	$2.06	$1.43	$2.14	$1.93	$1.32
Diluted Earnings Per Share	$1.84	$2.08	$2.05	$1.43	$2.13	$1.93	$1.32	$1.650M	$1.533M	$1.553M

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2004	2003	2002	2001	2000
Cash & Short-Term Investments
YoY Change
Cash & Equivalents
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets
YoY Change
Property, Plant & Equipment	$281.5M	$343.2M	$383.0M	$363.0M	$361.0M	$305.0M	$289.0M	$301.0M	$305.0M	$307.0M	$685.0M	$530.0M	$380.0M	$273.0M	$276.0M
YoY Change	-17.98%	-10.4%	5.51%	0.55%	18.36%	5.54%	-3.99%	-1.31%	-0.65%		29.25%	39.47%	39.19%	-1.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets
YoY Change
Total Assets	$24.93B	$24.58B	$24.99B	$22.66B	$20.17B	$20.70B	$20.55B	$19.66B	$19.35B	$18.13B	$50.05B	$38.35B	$34.75B	$21.65B	$18.46B
YoY Change
Accounts Payable
YoY Change
Accrued Expenses	$63.80M	$64.80M	$66.00M	$41.00M	$44.00M
YoY Change	-1.54%	-1.82%	60.98%	-6.82%
Deferred Revenue
YoY Change
Short-Term Debt	$500.0M	$75.00M		$0.00		$0.00	$0.00	$9.000M	$216.0M	$386.0M	$3.381B	$2.373B	$1.525B	$954.0M	$669.0M
YoY Change	566.67%						-100.0%	-95.83%	-44.04%		42.48%	55.61%	59.85%	42.6%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities	$500.0M	$64.80M	$66.00M	$41.00M	$44.00M			$9.000M	$216.0M	$386.0M	$3.381B	$2.373B	$1.525B	$954.0M	$669.0M
YoY Change	671.6%	-1.82%	60.98%	-6.82%				-95.83%	-44.04%		42.48%	55.61%	59.85%	42.6%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$6.305B	$4.221B	$3.377B	$2.198B	$632.0M
YoY Change											49.37%	24.99%	53.64%	247.78%
Other Long-Term Liabilities	$607.8M	$479.4M	$454.0M	$450.0M	$437.0M	$421.0M	$405.0M	$382.0M	$338.0M	$347.0M	$1.011B	$1.062B	$1.397B	$1.157B	$1.037B
YoY Change	26.78%	5.59%	0.89%	2.97%	3.8%	3.95%	6.02%	13.02%	-2.59%		-4.8%	-23.98%	20.74%	11.57%
Total Long-Term Liabilities	$607.8M	$479.4M	$454.0M	$450.0M	$437.0M	$421.0M	$405.0M	$382.0M	$338.0M	$347.0M	$7.316B	$5.283B	$4.774B	$3.355B	$1.669B
YoY Change	26.78%	5.59%	0.89%	2.97%	3.8%	3.95%	6.02%	13.02%	-2.59%		38.48%	10.66%	42.3%	101.02%
Total Liabilities	$22.44B	$22.31B	$22.34B	$19.92B	$17.53B	$18.17B	$18.02B	$17.19B	$16.62B	$15.46B	$44.32B	$34.09B	$30.88B	$19.65B	$16.47B
YoY Change	0.59%	-0.12%	12.13%	13.65%	-3.55%	0.85%	4.84%	3.42%	7.48%		30.02%	10.38%	57.2%	19.29%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016
Basic Shares Outstanding	127.6M	127.5M	129.0M	129.9M	133.1M	136.9M	139.6M	139.5M
Diluted Shares Outstanding	127.9M	128.0M	129.5M	130.2M	133.4M	137.1M	139.7M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $3.5028 Billion

About First Hawaiian Inc

First Hawaiian, Inc. is a bank holding company engaged in the provision of banking services to consumer and commercial customers, including deposit products, lending services, and wealth management and trust services through its subsidiary, First Hawaiian Bank. The company is headquartered in Honolulu, Hawaii and currently employs 2,000 full-time employees. The company went IPO on 2016-08-04. The firm's principal subsidiary is First Hawaiian Bank. The firm offers a comprehensive suite of banking services to consumer and commercial customers. Its segments include Retail Banking, Commercial Banking, and Treasury and Other. The Retail Banking segment includes the financial products and services it provides to consumers and small businesses. Its loan and lease products offered include residential and commercial mortgage loans, automobile loans and leases, and small business loans and leases. Its deposit products offered include checking, savings and time deposit accounts. The Retail Banking segment also includes its wealth management services. The Commercial Banking segment includes its corporate banking related products, residential and commercial real estate loans, commercial lease financing, secured and unsecured lines of credit, automobile loans and auto dealer financing, business deposit products and credit cards.

Industry: State Commercial Banks Peers: Ameris Bancorp Associated Banc-Corp BancFirst Corp Bank of Hawaii Corp Community Financial System Inc Eastern Bankshares Inc Independent Bank Corp (Massachusetts) Investors Bancorp, Inc. PNC Financial Services Group Inc United Community Banks Inc