10-Q · May 4, 2026
First Hawaiian Bank's Q1 2026 report revealed a net income of $67.8 million and an EPS of $0.55, exceeding estimates. Revenue reached $220.349 million, slightly below analyst expectations, and the bank experienced…
Earnings analysis · 10-Q
FHB earnings analysis
Filed August 3, 2026 · Our reading of the company's report
The latest report
First Hawaiian reported Q2 2026 EPS of $0.60 and revenue of $231.274 million, ahead of the supplied consensus estimates of $0.58 and $227.486 million, respectively. The provided filing extract does not include the…
Read full summary
First Hawaiian reported Q2 2026 EPS of $0.60 and revenue of $231.274 million, ahead of the supplied consensus estimates of $0.58 and $227.486 million, respectively. The provided filing extract does not include the financial statements or MD&A operating tables needed to substantiate sequential/year-over-year revenue, margin, segment, balance-sheet, operating-cash-flow, or free-cash-flow trends; these metrics are therefore not reported. The principal new 10-Q development is the pending TriCo transaction, which introduces meaningful execution, regulatory, cost, dilution, and California commercial-real-estate exposure risks.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.6
What stood out
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EPS exceeded consensus by $0.02
Q2 2026 diluted EPS was $0.60, $0.02 above the $0.58 consensus estimate supplied with the earnings release data.
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Revenue beat consensus by $3.788M
Reported Q2 2026 revenue was $231.274 million, exceeding the supplied $227.486 million consensus estimate by $3.788 million.
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Controls were effective at June 30
Management concluded disclosure controls and procedures were effective as of June 30, 2026, and reported no material changes in internal control during the three-month period ended June 30, 2026.
What to watch
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$80M merger termination-fee exposure
The newly disclosed TriCo merger risks state that either party may owe an $80 million termination fee under specified termination circumstances, while significant transaction costs can be incurred whether or not the mergers close.
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Merger creates material shareholder dilution
The fixed exchange ratio of 2.095 First Hawaiian shares per eligible TriCo share could dilute existing holders; following closing, existing First Hawaiian holders are expected to own about 65% of the combined company versus 35% for former TriCo holders.
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Regulatory approval and integration risk
The merger requires approvals from the Federal Reserve, FDIC, Hawaii DFI, and California DFPI. The filing says delays, denials, or conditions could increase costs, restrict operations, or result in delay or abandonment of the transaction.
Management's outlook
The 10-Q excerpt contains no quantitative revenue, EPS, capital-spending, or liquidity outlook. Management’s forward-looking discussion is concentrated on the pending TriCo mergers and related integration, approval, dilution, and impairment risks.
Earlier filings 4
10-K · February 27, 2026
First Hawaiian reports stronger 2025 profitability and margin expansion while remaining a Hawaii‑centric community bank. The company generated $276.3 million of net income ($2.20 diluted EPS) for 2025 and operates a…
10-K · February 28, 2025
First Hawaiian presents a conventional community-bank strategy focused on relationship banking, cross-selling and local market leadership; as of December 31, 2024 it reported $23.8 billion of assets, $14.4 billion of…
10-Q · November 4, 2024
First Hawaiian reported Q3 (three months ended September 30, 2024) results with total revenue (net interest income + noninterest income) of $209,995,000, up $6,750,000 versus the prior-year quarter, and diluted EPS of…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.