Filing Flows › First Hawaiian (FHB) › Q1 2025
First Hawaiian (FHB) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 5, 2025
First Hawaiian (FHB) reported revenue of $211M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +12% from the quarter before. Operating margin was 36.5%, net earnings $59.2M (28.1% of revenue).
First Hawaiian, Q1 2025: revenue $211M (+2% year over year), operating margin 36.5%, net earnings $59.2M, operating cash flow $36.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $211M | +12% | +3% |
| Operating profit | $76.9M | +19% | +9% |
| Net earnings | $59.2M | +13% | +9% |
| Operating cash flow | $36.7M | -68% | -45% |
| Free cash flow | $28.6M | -72% | -54% |
What changed
Revenue was $211.0M in Q1 2025, up 3% year over year and up 12% from the previous quarter.
Operating profit was $76.9M, a 36.5% margin (up 2.1 points year over year). Of the extra revenue versus a year earlier, 120% reached operating profit, above the 34% margin then. Total costs fell 1% while revenue rose 3%. Net earnings were $59.2M, up 9% year over year. The effective tax rate was 23.0%.
Operating cash flow was $36.7M (down 45% year over year), 62% of net earnings. Non-cash charges added back $8.4M of depreciation and amortization and $4.0M of share-based compensation. Working capital and other items used $35.0M. Capital expenditures of $8.1M left free cash flow of $28.6M.
Questions
What was First Hawaiian's revenue in the first quarter 2025?
First Hawaiian (FHB) reported revenue of $211M for the first quarter 2025 (Q1 2025), +3% from a year earlier and +12% from the quarter before.
Was First Hawaiian profitable in the first quarter 2025?
Operating profit was $76.9M (36.5% of revenue) and net earnings $59.2M.
Source: First Hawaiian 10-Q on SEC EDGAR.