First Hawaiian (FHB)


Market Price (8/14/2026): $27.84 | Market Cap: $3.4 BilSector: Financials | Industry: Regional Banks

First Hawaiian (FHB)


Market Price (8/14/2026): $27.84
Market Cap: $3.4 Bil
Sector: Financials
Industry: Regional Banks

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.7%, FCF Yield is 9.2%

Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -83%

Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%

Low stock price volatility
Vol 12M is 24%

Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%

Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.

Weak multi-year price returns
2Y Excs Rtn is -16%, 3Y Excs Rtn is -17%

Key risks
FHB key risks include [1] sustained weak net interest income growth and profitability compared to its peers, Show more.

0 Attractive yield
Total YieldTotal Yield = Earnings Yield + Dividend Yield, Earnings Yield = Net Income / Market Cap Dividend Yield = Total Dividends / Market Cap is 12%, Dividend Yield is 3.8%, ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is 7.7%, FCF Yield is 9.2%
1 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -83%
2 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 38%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 36%
3 Low stock price volatility
Vol 12M is 24%
4 Capital ratio is >2x the minimum of 6%
Tier 1 Capital / Risk Wtd Assets RatioTier 1 Capital / Risk-Weighted Assets is a common measure of financial strength for a bank. It reflects how much equity there is relative to assets where assets are weighted based on riskiness. Low ratios indicate the bank is highly vulnerable to even small changes in the value of their risk assets. is 13%
5 Megatrend and thematic drivers
Megatrends include Fintech & Digital Payments. Themes include Online Banking & Lending, and Digital Payments.
6 Weak multi-year price returns
2Y Excs Rtn is -16%, 3Y Excs Rtn is -17%
7 Key risks
FHB key risks include [1] sustained weak net interest income growth and profitability compared to its peers, Show more.

FHB in ETFs

Weight = FHB's share of each fund

IWB0.00%
IJR0.18%
VYM0.01%
VB0.04%
KRE1.2%
VIOV0.38%
IJS0.36%
SLYV0.36%
+11 more covered ETFs

Valuation & Metrics

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Updated on 8/1/2026

First Hawaiian (FHB) stock has gained about 5% since 4/30/2026 because of the following key factors:

1. First Hawaiian (FHB) reported robust financial results for fiscal Q2 2026, surpassing analyst expectations for both earnings and revenue. The company posted diluted earnings per share (EPS) of $0.60, exceeding the consensus estimate of $0.58 by $0.02 or 3.45%. Additionally, quarterly revenue reached $231.27 million, outperforming analyst estimates of $227.77 million by approximately 1.5%. This strong performance signaled underlying operational health and contributed positively to investor sentiment.

2. The company demonstrated significant net interest margin (NIM) expansion and provided an optimistic outlook for future margins. First Hawaiian's net interest margin increased by 6 basis points to 3.25% in fiscal Q2 2026, up from 3.19% in the prior quarter. Management subsequently raised its full-year 2026 NIM guidance to a range of 3.24% to 3.25%, reflecting expectations of stable interest rates and continued favorable fixed-asset repricing tailwinds. This upward revision in guidance, influenced by a broader macroeconomic view of "no rate cuts," indicated sustained profitability.

Show more
Updated on 8/1/2026

First Hawaiian (FHB) stock has gained about 5% since 4/30/2026 because of the following key factors:

1. First Hawaiian (FHB) reported robust financial results for fiscal Q2 2026, surpassing analyst expectations for both earnings and revenue. The company posted diluted earnings per share (EPS) of $0.60, exceeding the consensus estimate of $0.58 by $0.02 or 3.45%. Additionally, quarterly revenue reached $231.27 million, outperforming analyst estimates of $227.77 million by approximately 1.5%. This strong performance signaled underlying operational health and contributed positively to investor sentiment.

2. The company demonstrated significant net interest margin (NIM) expansion and provided an optimistic outlook for future margins. First Hawaiian's net interest margin increased by 6 basis points to 3.25% in fiscal Q2 2026, up from 3.19% in the prior quarter. Management subsequently raised its full-year 2026 NIM guidance to a range of 3.24% to 3.25%, reflecting expectations of stable interest rates and continued favorable fixed-asset repricing tailwinds. This upward revision in guidance, influenced by a broader macroeconomic view of "no rate cuts," indicated sustained profitability.

3. First Hawaiian announced a strategic all-stock acquisition of TriCo Bancshares, signaling significant growth and market expansion. On July 13, 2026, the company disclosed its intent to acquire TriCo Bancshares in an all-stock transaction valued at approximately $2.0 billion. This acquisition is expected to expand First Hawaiian's presence in California and position it as the sixth-largest Western U.S. bank, fundamentally altering its growth trajectory and providing a low-cost deposit foothold. Although the deal incurred $4.2 million in related expenses in fiscal Q2 2026, the strategic benefits of mainland scale were viewed positively by the market.

4. The bank exhibited healthy loan growth in fiscal Q2 2026, indicating solid demand and underlying business activity. Total loans and leases increased by $137 million, representing an annualized growth rate of approximately 3.6% during the quarter. This growth was primarily driven by increases in Commercial & Industrial (C&I) loans and Commercial Real Estate (CRE) loans, showcasing robust organic expansion within its core banking segments.

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Stock Movement Drivers

Fundamental Drivers

The 3.1% change in FHB stock from 4/30/2026 to 8/13/2026 was primarily driven by a 2.7% change in the company's Total Revenues ($ Mil).
(LTM values as of)43020268132026Change
Stock Price ($)27.0127.863.1%
Change Contribution By: 
Total Revenues ($ Mil)8478702.7%
Net Income Margin (%)32.6%32.7%0.5%
P/E Multiple12.111.9-1.3%
Shares Outstanding (Mil)1231221.4%
Cumulative Contribution3.1%

LTM = Last Twelve Months as of date shown

Market Drivers

4/30/2026 to 8/13/2026
ReturnCorrelation
FHB3.1% 
Market (SPY)8.2%17.5%
Sector (XLF)11.8%48.9%

Fundamental Drivers

The 7.0% change in FHB stock from 1/31/2026 to 8/13/2026 was primarily driven by a 7.4% change in the company's Total Revenues ($ Mil).
(LTM values as of)13120268132026Change
Stock Price ($)26.0327.867.0%
Change Contribution By: 
Total Revenues ($ Mil)8108707.4%
Net Income Margin (%)31.9%32.7%2.5%
P/E Multiple12.511.9-4.8%
Shares Outstanding (Mil)1241222.1%
Cumulative Contribution7.0%

LTM = Last Twelve Months as of date shown

Market Drivers

1/31/2026 to 8/13/2026
ReturnCorrelation
FHB7.0% 
Market (SPY)12.7%34.5%
Sector (XLF)9.6%65.8%

Fundamental Drivers

The 19.7% change in FHB stock from 7/31/2025 to 8/13/2026 was primarily driven by a 11.5% change in the company's Total Revenues ($ Mil).
(LTM values as of)73120258132026Change
Stock Price ($)23.2727.8619.7%
Change Contribution By: 
Total Revenues ($ Mil)78187011.5%
Net Income Margin (%)30.1%32.7%8.7%
P/E Multiple12.511.9-4.8%
Shares Outstanding (Mil)1261223.8%
Cumulative Contribution19.7%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2025 to 8/13/2026
ReturnCorrelation
FHB19.7% 
Market (SPY)24.1%39.2%
Sector (XLF)12.6%66.6%

Fundamental Drivers

The 53.8% change in FHB stock from 7/31/2023 to 8/13/2026 was primarily driven by a 41.6% change in the company's P/E Multiple.
(LTM values as of)73120238132026Change
Stock Price ($)18.1127.8653.8%
Change Contribution By: 
Total Revenues ($ Mil)8028708.5%
Net Income Margin (%)34.3%32.7%-4.4%
P/E Multiple8.411.941.6%
Shares Outstanding (Mil)1271224.8%
Cumulative Contribution53.8%

LTM = Last Twelve Months as of date shown

Market Drivers

7/31/2023 to 8/13/2026
ReturnCorrelation
FHB53.8% 
Market (SPY)75.9%48.7%
Sector (XLF)72.3%70.0%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
FHB Return20%-1%-8%19%2%11%48%
Peers Return16%-19%25%0%49%16%103%
S&P 500 Return27%-19%24%23%16%13%106%

Monthly Win Rates [3]
FHB Win Rate58%58%50%42%50%38% 
Peers Win Rate33%50%54%46%69%68% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
FHB Max Drawdown-13%-29%-43%-13%-24%-15% 
Peers Max Drawdown-16%-31%-31%-26%-21%-20% 
S&P 500 Max Drawdown-5%-25%-10%-8%-19%-9% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NEWT, ATLO, FCBM, CBC, NU.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 8/13/2026 (YTD)

How Low Can It Go

EventFHBS&P 500
2025 US Tariff Shock
  % Loss-23.1%-18.8%
  % Gain to Breakeven30.0%23.1%
  Time to Breakeven273 days79 days
Summer-Fall 2023 Five Percent Yield Shock
  % Loss-18.3%-9.5%
  % Gain to Breakeven22.3%10.5%
  Time to Breakeven48 days24 days
2023 SVB Regional Banking Crisis
  % Loss-42.3%-6.7%
  % Gain to Breakeven73.4%7.1%
  Time to Breakeven442 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-21.6%-24.5%
  % Gain to Breakeven27.5%32.4%
  Time to Breakeven29 days427 days
2020 COVID-19 Crash
  % Loss-50.0%-33.7%
  % Gain to Breakeven99.9%50.9%
  Time to Breakeven322 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.3%-19.2%
  % Gain to Breakeven25.4%23.8%
  Time to Breakeven50 days105 days

Compare to NEWT, ATLO, FCBM, CBC, NU

In The Past

First Hawaiian's stock fell -23.1% during the 2025 US Tariff Shock. Such a loss loss requires a 30.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

EventFHBS&P 500
2025 US Tariff Shock
  % Loss-23.1%-18.8%
  % Gain to Breakeven30.0%23.1%
  Time to Breakeven273 days79 days
2023 SVB Regional Banking Crisis
  % Loss-42.3%-6.7%
  % Gain to Breakeven73.4%7.1%
  Time to Breakeven442 days31 days
2022 Inflation Shock & Fed Tightening
  % Loss-21.6%-24.5%
  % Gain to Breakeven27.5%32.4%
  Time to Breakeven29 days427 days
2020 COVID-19 Crash
  % Loss-50.0%-33.7%
  % Gain to Breakeven99.9%50.9%
  Time to Breakeven322 days140 days
Q4 2018 Fed Policy Error / Growth Scare
  % Loss-20.3%-19.2%
  % Gain to Breakeven25.4%23.8%
  Time to Breakeven50 days105 days

Compare to NEWT, ATLO, FCBM, CBC, NU

In The Past

First Hawaiian's stock fell -23.1% during the 2025 US Tariff Shock. Such a loss loss requires a 30.0% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About First Hawaiian (FHB)

First Hawaiian, Inc. (FHB) is a bank holding company operating primarily through its subsidiary, First Hawaiian Bank, a full-service financial institution. The company provides a comprehensive range of banking services to both consumer and commercial customers. Its operations are concentrated within Hawaii, Guam, and Saipan, where it maintains a network of 54 branches, making it a key regional financial provider in these Pacific markets.

FHB's core offerings include a variety of deposit products, such as checking and savings accounts. On the lending side, it provides a diverse portfolio including residential and commercial mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit and installment loans, and small business loans and leases. Beyond traditional banking, First Hawaiian also offers investment and financial planning services, insurance protection, trust and estate services, private banking, retirement planning, treasury services, and merchant processing to cater to the broader financial needs of its individual and business clients.

AI Analysis | Feedback

It's like Bank of America, but focused exclusively on Hawaii and the Pacific islands.

Think of it as the Wells Fargo of Hawaii, offering a full range of banking services across the islands.

AI Analysis | Feedback

  • Deposit Accounts: Offers various accounts like checking, savings, and other deposit products for consumers and businesses.
  • Mortgage Lending: Provides residential and commercial mortgage loans, including home equity lines of credit.
  • Consumer Lending: Offers a range of personal financing options such as automobile loans and leases, personal lines of credit, installment loans, and credit cards.
  • Commercial & Small Business Lending: Facilitates business growth through small business loans and leases, commercial lease, and auto dealer financing.
  • Investment & Financial Planning: Delivers individual investment, financial planning, trust and estate services, private banking, and retirement planning.
  • Treasury & Merchant Services: Supports businesses with treasury management and merchant processing solutions.
  • Insurance Protection: Provides various insurance products for customers.

AI Analysis | Feedback

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First Hawaiian, Inc. (FHB) serves a diverse customer base, primarily consisting of a wide array of individuals and businesses across its operating regions. As a bank, its customer relationships are generally not concentrated in a few named entities, but rather across broad categories. Therefore, its major customers can be described by the categories it serves:

  • Individual Consumers

    This category includes a broad range of individual customers who utilize the bank's retail banking services. These services encompass checking and savings accounts, residential mortgage loans, home equity lines of credit, automobile loans and leases, personal lines of credit, installment loans, and credit card services. Additionally, individual consumers are served through investment and financial planning, insurance protection, and retirement planning services.

  • Commercial Businesses (Small to Medium-sized Enterprises)

    First Hawaiian serves numerous commercial customers, including small and medium-sized businesses. These clients utilize services such as commercial mortgage loans, small business loans and leases, commercial lease and auto dealer financing. They also benefit from treasury and merchant processing services to manage their finances and operations.

  • High-Net-Worth Individuals and Institutional Clients

    This category represents customers seeking specialized financial services, including private banking, trust and estate management. These services cater to affluent individuals, families, and potentially some institutional clients requiring sophisticated financial planning and asset management solutions.

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AI Analysis | Feedback

  • Visa Inc. (V)
  • Mastercard Incorporated (MA)
  • Fidelity National Information Services (FIS)
  • Fiserv, Inc. (FISV)

AI Analysis | Feedback

Robert Harrison, Chairman, President and Chief Executive Officer

Robert Harrison joined First Hawaiian Bank in 1996 and has over 35 years of financial industry experience working for banks in New York and Hawaii. Prior to his current role, he served as Chief Operating Officer of First Hawaiian Bank from December 2009 to January 2012 and as its President from December 2009 to June 2015. He was named Vice Chairman in 2007 and served as the Bank's Chief Risk Officer from 2006 to 2009. He led the bank's initial public stock offering, which transformed First Hawaiian into a publicly traded company after 15 years as a subsidiary of BNP Paribas. He previously served as an Independent Director for Alexander & Baldwin Investments LLC and Alexander & Baldwin, Inc., and as a Vice Chairman for BancWest Corp. (Hawaii).

James Moses, Vice Chairman and Chief Financial Officer, Finance Group

James Moses was appointed as Vice Chairman and Chief Financial Officer, effective January 3, 2023. He brings over 20 years of diverse banking experience to the team. Before joining First Hawaiian, he served as Executive Vice President and CFO of First Bank in St. Louis, Missouri. His previous experience also includes serving as Executive Vice President and CFO of Berkshire Hills Bancorp, and Senior Vice President – Manager, Asset Liability Management at Webster Bank.

Gina Woo Anonuevo, Vice Chair and Chief Administrative Officer

Gina Woo Anonuevo previously served as the Chief Compliance Officer of First Hawaiian Bank and took over as Chief Human Resources Officer effective December 1, 2023.

Alan Arizumi, Vice Chair, Wealth Management Group

Alan Arizumi serves as the Vice Chair of the Wealth Management Group.

Neill Char, Vice Chair, Retail Banking Group

Neill Char holds the position of Vice Chair, Retail Banking Group. He is also listed as Vice Chairman of Commercial & Retail Banking Group.

AI Analysis | Feedback

The key risks to First Hawaiian, Inc.'s business are its significant geographic concentration, exposure to regulatory changes, and competitive pressures from traditional and fintech institutions. * Geographic Concentration and Regional Economic/Environmental Risks: First Hawaiian's operations are heavily concentrated in Hawaii, Guam, and Saipan, with 49 of its 54 branches located in Hawaii. This exposes the company to unique economic and environmental risks specific to these island economies. The economy of Hawaii, in particular, is highly dependent on tourism, making the bank vulnerable to downturns in the tourism sector or the broader U.S. economy. Furthermore, this limited geographic footprint increases exposure to local economic downturns and environmental factors, such as natural disasters, which can disrupt operations and affect the financial stability of its customer base. * Regulatory Challenges: As a financial institution, First Hawaiian is subject to extensive and evolving banking regulations. Changes in banking laws, increased scrutiny from regulatory bodies, or unfavorable regulatory developments can significantly impact the company's operations, growth potential, and profitability by increasing costs, impeding efficiency, or requiring higher regulatory capital. * Competition and Technological Advancements: First Hawaiian operates in a highly competitive banking industry, facing pressure from traditional financial institutions and non-bank entities, including fintech companies. The shift in customer preferences towards digital banking solutions necessitates continuous investment in technological advancements and innovation to maintain a competitive edge and prevent the erosion of its market share.

AI Analysis | Feedback

The emergence and growing adoption of digital-first financial service providers, including neobanks and specialized financial technology (fintech) companies. These competitors leverage technology to offer banking products (e.g., checking accounts, loans, payment processing, investment services) with lower overheads, often more competitive rates, and superior digital user experiences. This trend directly challenges First Hawaiian's traditional branch-heavy business model and its ability to attract and retain customers who increasingly prioritize digital convenience and potentially lower costs or better returns, even in its established island markets.

AI Analysis | Feedback

Here are the addressable market sizes for First Hawaiian (FHB) for its main products and services in its operating regions:

Hawaii

  • Retail Banking (encompassing residential mortgages, commercial and industrial mortgages, home equity loans, vehicle loans, and deposit accounts): The market size for the Savings Institutions & Other Depository Credit Intermediation industry in Hawaii is estimated to be $1.1 billion in 2026.
  • Total Deposits: Total deposits held at community bank branches in Hawaii were approximately $56.32 billion as of December 13, 2024.
  • Small Business Loans: New lending to businesses in Hawaii through loans of $1 million or less totaled $1.1 billion in 2023.
  • Commercial Leasing: The Commercial Leasing industry in Hawaii has a market size of $2.0 billion in 2026.
  • Residential Mortgage Loans: While a total market size in dollar volume for residential mortgage loans in Hawaii is not explicitly available, the conforming loan limit for 2024 in Hawaii is $1,149,825. The median sale price for homes in Hawaii was approximately $741,000 as of late 2025.
  • Auto Loans: Specific market size for auto loans in Hawaii is not explicitly stated. However, new light vehicle registrations in the state are projected to exceed 46,000 units in 2025.
  • Wealth Management/Investment & Financial Planning: The Portfolio Management & Investment Advice industry in Hawaii has been growing at an average annual rate of 8.7% from 2020 to 2025. Research indicates that there is more than $917 million in potential client assets available per advisor in Hawaii.

Guam

  • Banking Sector (General Scale): While specific market sizes for individual products are not readily available, Bank of Guam, a major competitor, reported total assets of $3.01 billion and total deposits of $2.74 billion as of its latest filing. First Hawaiian Bank is one of the four main commercial banks operating in Guam.
  • Residential Mortgage Loans: The conforming residential mortgage loan limit for 2024 in Guam is $1,149,825.

Saipan

Specific addressable market sizes for First Hawaiian's products and services in Saipan (Commonwealth of the Northern Mariana Islands) are not readily available in the provided information.

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Expected Drivers of Future Revenue Growth for First Hawaiian (FHB)

First Hawaiian, Inc. (FHB) is anticipated to drive future revenue growth over the next 2-3 years through several key strategies:

  • Loan Growth: Management has provided forward guidance for full-year loan growth of 3-4% for 2026, primarily driven by Commercial Real Estate (CRE) and Commercial & Industrial (C&I) segments. The bank has demonstrated growth in total loans and leases in recent quarters.
  • Net Interest Margin (NIM) Expansion and Optimization: As net interest income constitutes the largest source of revenue for First Hawaiian, the bank's ability to expand and optimize its net interest margin is crucial. Management expects a full-year NIM of 3.16%–3.18% for 2026, with favorable deposit dynamics contributing to margin improvement.
  • Growth in Non-Interest Income via Wealth Management and Trust Services: First Hawaiian has an opportunity to expand its wealth management and trust services, which can attract a broader customer base and deepen existing customer relationships. Management anticipates noninterest income to be approximately $220 million for 2026.
  • Strategic Focus on Small Business Lending and Support: The bank is committed to supporting small businesses, particularly in addressing challenges related to accessing funding. This dedicated focus on a key customer segment is expected to drive increased lending and utilization of other banking services.

AI Analysis | Feedback

Share Repurchases

  • First Hawaiian authorized a stock repurchase program for up to $75 million during 2021.
  • In the fourth quarter of 2024, the company repurchased 1.5 million shares of common stock at a total cost of $40.0 million, completing its 2024 repurchase program.
  • During 2025, the company made $100.0 million in buybacks. For example, in the first quarter of 2025, First Hawaiian repurchased 974 thousand shares for $25.0 million, and in the third quarter of 2025, it repurchased 964 thousand shares for $24.0 million.
  • As of March 2026, the company was authorized to repurchase an additional $250 million in stock.

Capital Expenditures

  • First Hawaiian's capital expenditures were $16 million in 2021, $7.48 million in 2023, $29 million in 2024, and $32 million in 2025.

Peer Outperformance in Regional Banks

FHB has trailed 82% of its 263 Regional Banks peers over 5Y. Regional Banks ranks 6th of 18 industries in Financials by median 5Y return.
Share of Regional Banks constituents that FHB has outperformed, by holding period. Peers without a full price history over a given window are excluded from that window.
1Y
15%
of 285 industry peers · 16.0% return
3Y
30%
of 276 industry peers · 62.1% return
5Y
18%
of 263 industry peers · 24.3% return
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Median price return by industry across the Financials sector, ranked by 5Y. Regional Banks is FHB's own industry. Use this to see which corners of the sector have carried the returns.
Industry Names 1Y med3Y med5Y med Top 3 by 5Y
Investment Banking & Brokerage 13 7.2%132.6%145.8% IBKR 494% · SNEX 244% · GS 187%
Reinsurance 6 18.7%80.7%119.0% SPNT 135% · RGA 134% · MTG 131%
Diversified Banks 12 47.5%124.5%109.4% CM 160% · JPM 157% · RY 146%
Life & Health Insurance 19 20.3%57.4%95.5% UNM 299% · FG 261% · MFC 174%
Property & Casualty Insurance 42 14.5%74.0%67.8% ASIC 2506900% · HRTG 390% · UVE 268%
Regional Banks ← 264 34.2%80.0%66.9% RCBC 1775% · ESQ 432% · GCBC 383%
Multi-line Insurance 9 16.8%80.7%62.5% GNW 170% · L 106% · SLF 88%
Consumer Finance 30 14.2%84.7%41.4% ENVA 715% · EZPW 365% · AGM 173%
Insurance Brokers 15 -11.5%13.4%34.5% LIFE 620% · AJG 90% · ARX 86%
Multi-Sector Holdings 6 -3.0%17.6%33.3% JEF 94% · BRK-B 76% · VOYA 66%
Financial Exchanges & Data 15 -5.5%11.4%31.4% VIRT 163% · CBOE 147% · NDAQ 64%
Asset Management & Custody Banks 83 -5.5%22.1%24.9% VCTR 295% · WT 289% · SII 265%
Commercial & Residential Mortgage Finance 12 -26.0%29.4%7.3% FNMA 459% · FMCC 433% · ESNT 61%
Specialized Finance 3 19.4%51.3%3.5% EFC 38% · CACC 4% · HASI -8%
Mortgage REITs 34 -5.3%12.3%-8.3% RITM 72% · DX 41% · NREF 37%
Transaction & Payment Processing Services 15 -1.3%-3.4%-41.9% V 63% · CPAY 62% · MA 61%
Diversified Capital Markets 21 -45.0%-16.3%-46.4% BTCS 442% · OPY 183% · LPLA 162%
Diversified Financial Services 5 -15.8%62.8%-50.0% FRHC 127% · EQH 87% · TMS -50%
Median of constituents with a full price history over each window. Top names are unfiltered by size in this render.

Latest Trefis Analyses

Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

FHBNEWTATLOFCBMCBCNUMedian
NameFirst Ha.NewtekOneAmes Nat.First Ca.Central .Nu  
Mkt Price27.8613.0731.7812.7533.17-27.86
Mkt Cap3.40.40.3-398.6-1.9
Rev LTM87027773-1,000-573
Op Inc LTM-------
FCF LTM313-74021-457-167
FCF 3Y Avg270-37317---17
CFO LTM335-73922-491-178
CFO 3Y Avg298-37319---19

Growth & Margins

FHBNEWTATLOFCBMCBCNUMedian
NameFirst Ha.NewtekOneAmes Nat.First Ca.Central .Nu  
Rev Chg LTM9.6%7.8%21.3%---9.6%
Rev Chg 3Y Avg2.2%26.8%8.1%---8.1%
Rev Chg Q6.6%7.0%18.5%---7.0%
QoQ Delta Rev Chg LTM1.6%1.7%4.3%---1.7%
Op Inc Chg LTM-------
Op Inc Chg 3Y Avg-------
Op Mgn LTM-------
Op Mgn 3Y Avg-------
QoQ Delta Op Mgn LTM-------
CFO/Rev LTM38.5%-267.4%30.3%-49.1%-34.4%
CFO/Rev 3Y Avg36.3%-138.6%30.2%---30.2%
FCF/Rev LTM35.9%-267.5%28.9%-45.7%-32.4%
FCF/Rev 3Y Avg32.9%-138.7%27.9%---27.9%

Valuation

FHBNEWTATLOFCBMCBCNUMedian
NameFirst Ha.NewtekOneAmes Nat.First Ca.Central .Nu  
Mkt Cap3.40.40.3-398.6-1.9
P/S3.91.33.9-398.4-3.9
P/Op Inc-------
P/EBIT-------
P/E11.95.712.3-1,061.8-12.1
P/CFO10.1-0.512.8-812.2-11.5
Total Yield12.2%25.8%10.9%-0.1%-11.6%
Dividend Yield3.8%8.2%2.8%-0.0%-3.3%
FCF Yield 3Y Avg8.6%-103.1%8.9%---8.6%
D/E0.01.50.1-0.0-0.0
Net D/E-0.80.5-1.7--0.0--0.4

Returns

FHBNEWTATLOFCBMCBCNUMedian
NameFirst Ha.NewtekOneAmes Nat.First Ca.Central .Nu  
1M Rtn-2.3%-11.8%8.5%0.4%7.3%-0.4%
3M Rtn5.6%1.1%15.0%1.2%24.0%-5.6%
6M Rtn8.9%3.9%18.4%1.2%39.1%-8.9%
12M Rtn16.0%13.2%70.5%1.2%80.2%-16.0%
3Y Rtn62.1%-12.3%89.8%1.2%149.0%-62.1%
1M Excs Rtn-6.1%-16.9%4.6%-3.4%2.8%--3.4%
3M Excs Rtn2.9%-1.6%10.8%-3.6%17.7%-2.9%
6M Excs Rtn-6.2%-11.4%5.7%-11.2%27.1%--6.2%
12M Excs Rtn-2.8%-4.8%50.7%-19.8%59.2%--2.8%
3Y Excs Rtn-17.1%-91.2%12.8%-72.1%75.6%--17.1%

Comparison Analyses

null

FDIC Bank Data

Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Retail Banking629598543530477
Commercial Banking255279264235236
Corporate/Other-3-6930  
Treasury and Other   282
Total881809837793715


Net Income by Segment
$ Mil20252024202320222021
Retail Banking251228174180187
Commercial Banking13014310596120
Corporate/Other-104-141-43  
Treasury and Other   -10-41
Total276230235266266


Assets by Segment
$ Mil20252024202320222021
Retail Banking7,1867,1387,2527,3607,148
Commercial Banking7,1337,2767,1356,7785,973
Corporate/Other6,8786,6607,895  
Other non-earning assets2,7582,7542,6462,708 
Treasury and Other   7,73111,871
Total23,95523,82824,92624,57724,992


Price Behavior

Price Behavior
Market Price$27.86 
Market Cap ($ Bil)3.4 
First Trading Date08/04/2016 
Distance from 52W High-8.2% 
   50 Days200 Days
DMA Price$28.50$26.22
DMA Trendupup
Distance from DMA-2.2%6.2%
 3M1YR
Volatility22.3%24.0%
Downside Capture29.8474.13
Upside Capture48.5774.40
Correlation (SPY)17.0%38.0%
FHB Betas & Captures as of 7/31/2026

 1M2M3M6M1Y3Y
Beta0.530.120.250.570.740.85
Up Beta0.94-0.390.000.380.820.84
Down Beta0.530.200.170.300.600.89
Up Capture0%34%36%64%71%63%
Bmk +ve Days11223567138427
Stock +ve Days8243365127382
Down Capture83%16%34%79%80%95%
Bmk -ve Days11212859114326
Stock -ve Days14193061124366

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FHB
FHB18.3%24.0%0.64-
Sector ETF (XLF)12.4%14.5%0.5866.1%
Equity (SPY)22.2%12.8%1.2938.0%
Gold (GLD)29.6%28.5%0.908.2%
Commodities (DBC)36.9%20.1%1.45-13.4%
Real Estate (VNQ)15.2%13.9%0.7838.4%
Bitcoin (BTCUSD)-47.3%42.9%-1.3724.5%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FHB
FHB4.7%29.5%0.18-
Sector ETF (XLF)11.3%18.4%0.4770.9%
Equity (SPY)13.5%17.2%0.6151.5%
Gold (GLD)18.8%18.6%0.820.3%
Commodities (DBC)9.2%19.6%0.3610.0%
Real Estate (VNQ)2.2%18.9%0.0148.1%
Bitcoin (BTCUSD)9.2%52.8%0.3618.6%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with FHB
FHB5.5%32.4%0.24-
Sector ETF (XLF)13.8%22.0%0.5772.5%
Equity (SPY)15.5%17.9%0.7351.7%
Gold (GLD)11.9%16.2%0.60-6.0%
Commodities (DBC)7.7%18.0%0.3416.6%
Real Estate (VNQ)4.9%20.7%0.2047.7%
Bitcoin (BTCUSD)60.3%66.1%1.0011.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date7312026
Short Interest: Shares Quantity11.5 Mil
Short Interest: % Change Since 71520262.7%
Average Daily Volume2.6 Mil
Days-to-Cover Short Interest4.5 days
Basic Shares Quantity121.7 Mil
Short % of Basic Shares9.4%

Earnings Returns History

Updated 8/4/2026
Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/24/2026-1.9%-2.5% 
4/24/2026-2.0%1.2%2.5%
1/30/2026-3.7%-3.1%-7.9%
10/24/20254.7%3.0%5.1%
7/25/20250.9%-3.8%2.3%
4/23/20250.8%-0.3%2.0%
1/31/20253.1%5.2%1.4%
10/25/2024-0.1%3.1%17.4%
...
SUMMARY STATS   
# Positive12915
# Negative12158
Median Positive3.1%3.4%5.1%
Median Negative-1.6%-3.1%-6.8%
Max Positive6.0%9.2%29.7%
Max Negative-4.2%-13.7%-13.6%
Collapse to Preview
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
7/24/2026-1.9%-2.5% 
4/24/2026-2.0%1.2%2.5%
1/30/2026-3.7%-3.1%-7.9%
10/24/20254.7%3.0%5.1%
7/25/20250.9%-3.8%2.3%
4/23/20250.8%-0.3%2.0%
1/31/20253.1%5.2%1.4%
10/25/2024-0.1%3.1%17.4%
7/26/20243.9%-4.0%-2.3%
4/26/2024-0.8%-1.7%-5.7%
1/26/20243.1%-1.3%-2.2%
10/27/2023-1.8%4.1%7.0%
7/28/2023-2.6%-7.4%-13.6%
4/28/2023-1.4%-13.7%-11.9%
1/27/20235.1%9.2%8.4%
10/28/2022-1.3%-3.1%2.3%
7/29/20224.0%4.5%8.5%
4/22/2022-4.2%-11.1%-10.1%
1/21/2022-0.4%-2.9%1.5%
10/22/20210.8%-6.7%-5.7%
7/23/20212.3%3.4%1.4%
4/23/20210.3%3.3%5.4%
1/22/2021-1.3%-5.0%13.0%
10/23/20206.0%-0.2%29.7%
SUMMARY STATS   
# Positive12915
# Negative12158
Median Positive3.1%3.4%5.1%
Median Negative-1.6%-3.1%-6.8%
Max Positive6.0%9.2%29.7%
Max Negative-4.2%-13.7%-13.6%

SEC Filings

Expand for More
Report DateFiling DateFiling
06/30/202608/03/202610-Q
03/31/202605/04/202610-Q
12/31/202502/27/202610-K
09/30/202511/03/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202402/28/202510-K
09/30/202411/04/202410-Q
06/30/202408/05/202410-Q
03/31/202405/06/202410-Q
12/31/202302/28/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/24/202310-K
09/30/202211/07/202210-Q
Collapse to Preview
Report DateFiling DateFiling
06/30/202608/03/202610-Q
03/31/202605/04/202610-Q
12/31/202502/27/202610-K
09/30/202511/03/202510-Q
06/30/202508/04/202510-Q
03/31/202505/05/202510-Q
12/31/202402/28/202510-K
09/30/202411/04/202410-Q
06/30/202408/05/202410-Q
03/31/202405/06/202410-Q
12/31/202302/28/202410-K
09/30/202311/06/202310-Q
06/30/202308/07/202310-Q
03/31/202305/08/202310-Q
12/31/202202/24/202310-K
09/30/202211/07/202210-Q
06/30/202208/08/202210-Q
03/31/202205/02/202210-Q
12/31/202102/25/202210-K
09/30/202111/01/202110-Q
06/30/202108/02/202110-Q
03/31/202105/04/202110-Q
12/31/202002/25/202110-K
09/30/202011/02/202010-Q
06/30/202008/04/202010-Q
03/31/202005/08/202010-Q
12/31/201902/28/202010-K
09/30/201910/25/201910-Q

Insider Activity

Updated 4/26/2026
Expand for More
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Wo, Craig ScottBetty Ching Wo 1985 GST-Exempt Marital TrustSell210202626.94500  Form
2Wo, Craig ScottBetty Ching Wo 1985 Marital TrustSell210202627.20500  Form
3Wo, Craig ScottRobert Ching Wo Trust 1985Sell210202627.221,000  Form
4Arizumi, AlanVICE CHAIRDirectSell1208202525.3536,460924,429951,000Form
5Arizumi, AlanVICE CHAIRSpouseSell1208202525.346,566166,36549,712Form
Collapse to Preview
#OwnerTitleHoldingActionFiling DatePriceSharesTransacted
Value
Value of
Held Shares
Form
1Wo, Craig ScottBetty Ching Wo 1985 GST-Exempt Marital TrustSell210202626.94500  Form
2Wo, Craig ScottBetty Ching Wo 1985 Marital TrustSell210202627.20500  Form
3Wo, Craig ScottRobert Ching Wo Trust 1985Sell210202627.221,000  Form
4Arizumi, AlanVICE CHAIRDirectSell1208202525.3536,460924,429951,000Form
5Arizumi, AlanVICE CHAIRSpouseSell1208202525.346,566166,36549,712Form
Core Cache Last Updated: 8/13/2026