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First Hawaiian (FHB) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 2, 2026 · First Hawaiian (FHB) Q3 2026 earnings results →
Q3 2026 Revenue up 2% year over year to $230M · 28¢ of every $1 of revenue kept as net profit · operating margin 21.7%
First Hawaiian made $230M in Q3 2026 (+2% Y/Y). Operating margin 21.7%, net earnings $63.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 2, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $230.2M in Q3 2026, up 2% year over year and roughly flat from the previous quarter.
Operating profit was $49.9M, a 21.7% margin (down 20.8 points year over year). Operating profit fell $46.3M even though revenue rose $3.8M versus Q3 2025, so costs grew faster than sales. Total costs grew 38% against revenue growth of 2%. The fastest-growing cost line was Other operating costs (+39%). Net earnings were $63.7M, down 14% year over year. The effective tax rate was -27.8%.
Operating cash flow was $106.8M (up 87% year over year), 168% of net earnings. Non-cash charges added back $7.2M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items added $31.9M. Capital expenditures of $5.0M left free cash flow of $101.8M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 2, 2026 | $230M | +2% | 21.7% | $63.7M | $107M |
| Q2 2026 | 10-Q | Aug 3, 2026 | $231M | +6% | 41.2% | $73.4M | $13.2M |
| Q1 2026 | 10-Q | May 4, 2026 | $220M | +4% | 39.7% | $67.8M | $160M |
| Q4 2025 | 10-K | Feb 27, 2026 | $226M | +20% | 41.2% | $69.9M | $105M |
| Q3 2025 | 10-Q | Nov 3, 2025 | $226M | +8% | 42.5% | $73.8M | $57.1M |
| Q2 2025 | 10-Q | Aug 4, 2025 | $218M | +6% | 40.5% | $73.2M | $136M |
| Q1 2025 | 10-Q | May 5, 2025 | $211M | +2% | 36.5% | $59.2M | $36.7M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About First Hawaiian
The disclosures set forth in this item are qualified by Item 1a. Risk Factors and the section captioned “Cautionary Note Regarding Forward-Looking Statements” in Item 7. Management’s Discussion and Analysis of Financial Condition and Results of Operations of this report and other cautionary statements set forth elsewhere in this report. First Hawaiian, Inc. (“FHI” or the “Parent”), a bank holding company, owns 100% of the outstanding common stock of First Hawaiian Bank (“FHB” or the “Bank”). References to “we,” “our,” “us,” or the “Company” refer to the Parent and its wholly-owned subsidiary, FHB, for purposes of discussion in this Annual Report on Form 10-K.
In its own words, from its 10-K, filed Feb 27, 2026.
First Hawaiian against its State Commercial Banks peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +2% against the peers' median +10%. Operating margin: 21.7% against the peers' median 34.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| FHB First Hawaiian | Q3 2026 | $230M | +2% | 21.7% |
| BNY Bank of New York Mellon | Q3 2026 | $5.7B | +12% | 38.5% |
| STT State Street | Q3 2026 | $4.0B | +13% | 34.7% |
| FITB Fifth Third Bancorp | Q3 2026 | $3.3B | +42% | 33.8% |
| MTB M&T Bank | Q3 2026 | $2.5B | +0.9% | 39.7% |
| FCNCA First Citizens Bancshares | Q3 2026 | $2.4B | 0% | 33.1% |
| ALLY Ally Financial | Q3 2026 | $2.3B | +8% | 24.3% |
| CFG Citizens Financial Group | Q3 2026 | $2.3B | +10% | 34.6% |
| NTRS Northern Trust | Q3 2026 | $2.3B | +13% | 34.7% |
Source: First Hawaiian 10-Q on SEC EDGAR · CIK 36377 · State Commercial Banks
Guidance and outlook
13F: who owns FHB and who is buying
More on FHB
- How First Hawaiian makes money: revenue by segment
- First Hawaiian stock forecast, price target and fair value
- Who owns First Hawaiian stock: holders, funds and Congress trades
- First Hawaiian guidance and outlook
- Is First Hawaiian a takeover target? LBO and rumors
- First Hawaiian recalls, complaints and regulation
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results