First Hawaiian, Inc. (FHB)
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
$25.61-0.77%
Close 2026-09-09 · 1-day change
NASDAQFinancialsBanks - RegionalSnapshot 2026-09-09
Warn: Primary pillar under pressure — Cash from operating activities at least $159.7 million in 2026-Q1: OCF $159.7M vs $159.7M target.
First Hawaiian grows net income steadily, up from $59.2M to $67.8M in one year. Cash from operations rose sharply to $159.7M in 2026-Q1. The company keeps dividends steady at $0.26 per share. Profit margins and earnings beats show solid management execution.
Growth could slow if net income or cash flow falters. Dividend cuts would signal weaker capital returns. Rising costs or economic downturns may pressure profits.
The price is about 4% above our fair value near $29. Analysts expect roughly 5% revenue growth, which aligns with our view. We see moderate upside if earnings and cash flow continue improving.
Breaks if: cash from operations falls below $36.7 million in any quarter
Improve cash generated from operating activities to support business growth and financial flexibility.
This is not a price target or investment advice.
A long-form read on the 1–3 year hold thesis. It updates when the weekly evidence changes.
This investment represents a stable financial institution with a focus on growth through acquisitions and consistent dividend payments. The current thesis state shows mixed results in execution, particularly with the acquisition of TriCo Bancshares and maintaining dividends.
The market currently views FHB as cheap compared to its peers, with a notable expectations gap. There is a low level of fragility in the stock, indicating that the market does not expect significant negative surprises.
Management is on track to increase net income and earnings per share, which has shown positive growth in recent quarters. However, there is a moderate risk associated with potential guidance cuts that could impact future performance.
The thesis hinges on the performance of sector bellwethers like HDB, IBN, and PNC, as their earnings results will influence FHB's momentum. Additionally, successful completion of the TriCo Bancshares acquisition and maintaining dividend stability are crucial factors.
The most important moves since the prior daily snapshot.
Our read on the company is unchanged since the prior snapshot.
as of 2026-09-09
Review the evidence to watch, what would become a concern, and what would make it less concerning.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Management has stated enhancing cash from operating activities as a priority in 6 quarters from 2025-Q1 to 2026-Q2. Cash from operations showed variability but generally increased from $36.7 million in 2025-Q1 to a peak of $159.7 million in 2026-Q1 before declining to $13.2 million in 2026-Q2. The trajectory shows mixed delivery with some volatility, indicating limited progress in consistent cash flow enhancement.
“Cash from operating activities was $13.2 million”
“Cash from operating activities was $159.7 million”
“Cash from operating activities was $104.9 million”
“Cash from operating activities was $57.1 million”
“Cash from operating activities was $136.4 million”
“Cash from operating activities was $36.7 million”
Breaks if: dividend per share falls below $0.26
Continue paying a quarterly cash dividend of $0.26 per share to provide sustainable shareholder returns.
Management has stated the priority to maintain a quarterly dividend of $0.26 per share in 6 consecutive quarters from 2025-Q1 through 2026-Q2. The dividend was consistently declared and paid at this level, supporting a stable capital allocation policy. This recurring commitment aligns with management's stated focus on sustainable shareholder returns and is delivering as promised.
“Board of Directors declared a quarterly dividend of $0.26 per share”
“Board of Directors declared a quarterly dividend of $0.26 per share”
“Dividend declared per share was $0.26”
“Dividend declared per share was $0.26”
“Dividend declared per share was $0.26”
“Dividend declared per share was $0.26”
Breaks if: net income falls below $59.2 million in any quarter
Overall, FHB's performance is stable, but it faces moderate risks that could impact its trajectory. Not investment advice.