First Hawaiian
Market Cap
US$3.4b
Last Updated
2021/01/16 23:35 UTC
Data Sources
Company Financials +
Executive Summary
First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. More Details
Rewards
Risk Analysis
Snowflake Analysis
Flawless balance sheet average dividend payer.
Similar Companies
Share Price & News
How has First Hawaiian's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: FHB is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: FHB's weekly volatility (9%) has been stable over the past year.
Market Performance
7 Day Return
2.7%
FHB
0.8%
US Banks
-1.0%
US Market
1 Year Return
-11.2%
FHB
-7.2%
US Banks
19.6%
US Market
Return vs Industry: FHB underperformed the US Banks industry which returned -7.3% over the past year.
Return vs Market: FHB underperformed the US Market which returned 19.6% over the past year.
Shareholder returns
| FHB | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.7% | 0.8% | -1.0% |
| 30 Day | 11.9% | 12.2% | 2.2% |
| 90 Day | 64.5% | 38.4% | 11.5% |
| 1 Year | -6.4%-11.2% | -3.8%-7.2% | 22.3%19.6% |
| 3 Year | -8.6%-19.5% | 1.6%-7.1% | 45.3%35.7% |
| 5 Year | n/a | 87.4%63.6% | 124.8%99.8% |
Long-Term Price Volatility Vs. Market
How volatile is First Hawaiian's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 days ago | Simply Wall St
Is First Hawaiian, Inc.'s (NASDAQ:FHB) 4.0% Dividend Sustainable?1 month ago | Simply Wall St
Would Shareholders Who Purchased First Hawaiian's (NASDAQ:FHB) Stock Three Years Be Happy With The Share price Today?2 months ago | Simply Wall St
Dividend Investors: Don't Be Too Quick To Buy First Hawaiian, Inc. (NASDAQ:FHB) For Its Upcoming DividendValuation
Is First Hawaiian undervalued compared to its fair value and its price relative to the market?
26.7%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: FHB ($25.7) is trading below our estimate of fair value ($35.07)
Significantly Below Fair Value: FHB is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: FHB is poor value based on its PE Ratio (17.4x) compared to the US Banks industry average (12.3x).
PE vs Market: FHB is good value based on its PE Ratio (17.4x) compared to the US market (21x).
Price to Earnings Growth Ratio
PEG Ratio: FHB is poor value based on its PEG Ratio (2.5x)
Price to Book Ratio
PB vs Industry: FHB is overvalued based on its PB Ratio (1.2x) compared to the US Banks industry average (1x).
Next Steps
Future Growth
How is First Hawaiian forecast to perform in the next 1 to 3 years based on estimates from 6 analysts?
7.0%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: FHB's forecast earnings growth (7% per year) is above the savings rate (2%).
Earnings vs Market: FHB's earnings (7% per year) are forecast to grow slower than the US market (21.6% per year).
High Growth Earnings: FHB's earnings are forecast to grow, but not significantly.
Revenue vs Market: FHB's revenue is expected to decline over the next 3 years (-2.7% per year).
High Growth Revenue: FHB's revenue is forecast to decline over the next 3 years (-2.7% per year).
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: FHB's Return on Equity is forecast to be low in 3 years time (7.3%).
Next Steps
Past Performance
How has First Hawaiian performed over the past 5 years?
2.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: FHB has high quality earnings.
Growing Profit Margin: FHB's current net profit margins (30.7%) are lower than last year (37.3%).
Past Earnings Growth Analysis
Earnings Trend: FHB's earnings have grown by 2.5% per year over the past 5 years.
Accelerating Growth: FHB's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: FHB had negative earnings growth (-30.6%) over the past year, making it difficult to compare to the Banks industry average (-4.4%).
Return on Equity
High ROE: FHB's Return on Equity (7%) is considered low.
Next Steps
Financial Health
How is First Hawaiian's financial position? (This company is analysed differently as a bank or financial institution)
Financial Position Analysis
Debt to Equity History and Analysis
Balance Sheet
Financial Institutions Analysis
Asset Level: FHB's Assets to Equity ratio (8.2x) is low.
Allowance for Bad Loans: FHB has a sufficient allowance for bad loans (1111%).
Low Risk Liabilities: 97% of FHB's liabilities are made up of primarily low risk sources of funding.
Loan Level: FHB has an appropriate level of Loans to Assets ratio (60%).
Low Risk Deposits: FHB's Loans to Deposits ratio (70%) is appropriate.
Level of Bad Loans: FHB has an appropriate level of bad loans (0.1%).
Next Steps
Dividend
What is First Hawaiian current dividend yield, its reliability and sustainability?
4.05%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: FHB's dividend (4.05%) is higher than the bottom 25% of dividend payers in the US market (1.39%).
High Dividend: FHB's dividend (4.05%) is in the top 25% of dividend payers in the US market (3.85%)
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, FHB has been paying a dividend for less than 10 years.
Growing Dividend: FHB's dividend payments have increased, but the company has only paid a dividend for 4 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonable payout ratio (70.5%), FHB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: FHB's dividends in 3 years are forecast to be covered by earnings (67.3% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
4.5yrs
Average management tenure
CEO
Bob Harrison (60 yo)
9yrs
Tenure
US$6,011,668
Compensation
Mr. Robert Scott Harrison, also known as Bob, serves as Director at Bishop Street Capital Management Corp. Mr. Harrison serves as President at First Hawaiian, Inc. since September 2019. He also serves as C...
CEO Compensation Analysis
Compensation vs Market: Bob's total compensation ($USD6.01M) is about average for companies of similar size in the US market ($USD5.00M).
Compensation vs Earnings: Bob's compensation has increased by more than 20% whilst company earnings have fallen more than 20% in the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9yrs | US$6.01m | 0.12% $ 4.0m | |
| Executive VP & CFO | 2.33yrs | US$1.58m | 0.042% $ 1.4m | |
| Vice Chairman of Wealth Management Group | 7yrs | US$1.21m | 0.026% $ 889.0k | |
| Vice Chairman & Chief Risk Officer | 4.5yrs | US$909.94k | 0.026% $ 872.9k | |
| Vice Chairman & Chief Lending Officer of Wholesale Banking Group | no data | US$1.12m | 0.011% $ 376.1k | |
| Strategic Planning & Investor Relations Manager | no data | no data | no data | |
| Executive VP & Chief Compliance Officer | no data | no data | no data | |
| Executive VP | 4yrs | no data | no data | |
| Executive Vice President of Human Resources Division | no data | no data | no data | |
| Executive Vice President of Digital Banking & Marketing Group | 5yrs | no data | no data | |
| Vice Chairman & Head of Retail Banking Group | 4.5yrs | US$753.38k | 0.018% $ 613.8k | |
| Executive Vice President of Commercial Banking Group | 0.42yr | no data | no data |
4.5yrs
Average Tenure
60yo
Average Age
Experienced Management: FHB's management team is considered experienced (4.5 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman | 9yrs | US$6.01m | 0.12% $ 4.0m | |
| Independent Director | 5yrs | US$204.26k | 0.035% $ 1.2m | |
| Independent Director | 2.42yrs | US$178.26k | 0.0049% $ 165.0k | |
| Director | 0.25yr | no data | 0.0018% $ 59.2k | |
| Independent Director | 5yrs | US$179.76k | 0.0085% $ 286.0k | |
| Lead Independent Director | 5yrs | US$250.26k | 0.0077% $ 260.5k | |
| Independent Director | 2.42yrs | US$174.76k | 0.0022% $ 75.0k | |
| Independent Director | 2.25yrs | US$176.26k | 0.020% $ 672.9k |
2.4yrs
Average Tenure
61yo
Average Age
Experienced Board: FHB's board of directors are not considered experienced ( 2.4 years average tenure), which suggests a new board.
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: FHB insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
First Hawaiian, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: First Hawaiian, Inc.
- Ticker: FHB
- Exchange: NasdaqGS
- Founded: 1858
- Industry: Regional Banks
- Sector: Banks
- Market Cap: US$3.361b
- Shares outstanding: 130.79m
- Website: https://www.fhb.com
Number of Employees
Location
- First Hawaiian, Inc.
- 999 Bishop Street
- 29th Floor
- Honolulu
- Hawaii
- 96813
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| FHB | NasdaqGS (Nasdaq Global Select) | Yes | New Common Stock | US | USD | Aug 2016 |
| 1HI | DB (Deutsche Boerse AG) | Yes | New Common Stock | DE | EUR | Aug 2016 |
Biography
First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking services to consumer and commercial customers in the United States. It operates in three seg...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2021/01/16 23:35 |
| End of Day Share Price | 2021/01/15 00:00 |
| Earnings | 2020/09/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.