FIRST HAWAIIAN, INC.
At today's price, FIRST HAWAIIAN, INC. (FHB) is priced for 11.9% return on equity. boothcheck doesn't publish a fair value or a price target; it shows what the price assumes, so you can judge whether that bar is too high. Built from SEC EDGAR filings.
The counterintuitive number here is the net interest margin: at 3.19% it is among the lowest of any regional bank, yet First Hawaiian still earns about 10.3% on equity. The reason is a deposit franchise so cheap and loyal that a thin spread is still profitable. The valuation is value-supported. Relative valuation, excess-return, and earnings-yield methods all cluster near or just above the $28 price, while the conservative tangible-book model anchors lower at about $18. Q1 2026 was steady: net
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322 institutional managers reported holding FHB in 13F filings for the quarter ended 2026-03-31. 43 opened new positions that quarter. Held by BlackRock, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 11.7M shares were sold short as of the 2026-06-15 count, about 9% of shares outstanding (9.3 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
FHB has cut its share count 5.4% over the past five years, spending $184.55M on repurchases. It pays a dividend, and has paid one every year in our records (10 and counting); the current rate is $1.04 a share annually. Cash returned over the past three years: $363.19M in dividends and $132.00M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at FHB over the trailing three years. Absence is a fact about the company, not a signal. 16 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
FHB's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-08-08 | -2.5% | -10.3% |
| 2023-11-07 | -1.8% | +19.7% |
| 2024-02-29 | -1.0% | +3.5% |
| 2024-05-07 | -0.8% | -4.3% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
FHB's latest 8-K filings: 2026-07-15 (items 1.01, 9.01); 2026-07-13 (items 2.02, 7.01, 8.01, 9.01); 2026-04-24 (items 5.03, 5.07, 9.01); 2026-04-24 (items 2.02, 9.01); 2026-02-24 (items 5.02, 9.01).
Item codes are the SEC's own classification of what each report discloses. Nothing here is investment advice.
Last analyzed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.