FIRST HAWAIIAN, INC.
In the published model solve dated 2026-Q2, anchored at $25.79, FIRST HAWAIIAN, INC. (FHB) is priced for 10.6% return on equity. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 26, 2026 from SEC EDGAR filings.
• More than 30% of all deposits in Hawaii sit at this one bank, which is why its own annual filing states that ⟦any further growth in the Hawaii market will most likely have to occur organically rather than by acquisition⟧. • The recent earnings improvement came from the funding side rather than the lending side: deposit funding costs fell 56.4 million dollars, or 17%, during 2025, and the margin has widened in every reported period since. • An all-stock agreement to buy TriCo Bancshares would l
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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: 2026-07-24 (items 2.02, 9.01); 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).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 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.