Filing Flows › First Hawaiian (FHB) › Q1 2026
First Hawaiian (FHB) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 4, 2026
First Hawaiian (FHB) reported revenue of $220M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -2% from the quarter before. Operating margin was 39.7%, net earnings $67.8M (30.8% of revenue).
First Hawaiian, Q1 2026: revenue $220M (+4% year over year), operating margin 39.7%, net earnings $67.8M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $220M | -2% | +4% |
| Operating profit | $87.5M | -6% | +14% |
| Net earnings | $67.8M | -3% | +14% |
| Operating cash flow | $160M | +52% | +335% |
| Free cash flow | $155M | +55% | +443% |
What changed
Revenue was $220.3M in Q1 2026, up 4% year over year and down 2% from the previous quarter. Retail Banking was the largest line at 72% of revenue. Retail Banking added $5.2M year over year (up 3%), 55% of the total change. Commercial Banking declined 2%.
Operating profit was $87.5M, a 39.7% margin (up 3.2 points year over year). Of the extra revenue versus Q1 2025, 113% reached operating profit, above the 36% margin then. Total costs fell 1% while revenue rose 4%. Net earnings were $67.8M, up 14% year over year. The effective tax rate was 22.5%.
Operating cash flow was $159.7M (up 335% year over year), 236% 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 added $79.6M. Capital expenditures of $4.3M left free cash flow of $155.4M.
Questions
What was First Hawaiian's revenue in the first quarter 2026?
First Hawaiian (FHB) reported revenue of $220M for the first quarter 2026 (Q1 2026), +4% from a year earlier and -2% from the quarter before.
Was First Hawaiian profitable in the first quarter 2026?
Operating profit was $87.5M (39.7% of revenue) and net earnings $67.8M.
Source: First Hawaiian 10-Q on SEC EDGAR.