Filing Flows › First Hawaiian (FHB) › Q2 2025
First Hawaiian (FHB) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 4, 2025
First Hawaiian (FHB) reported revenue of $218M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +3% from the quarter before. Operating margin was 40.5%, net earnings $73.2M (33.7% of revenue).
First Hawaiian, Q2 2025: revenue $218M (+6% year over year), operating margin 40.5%, net earnings $73.2M, operating cash flow $136M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $218M | +3% | +6% |
| Operating profit | $88.1M | +15% | +9% |
| Net earnings | $73.2M | +24% | +18% |
| Operating cash flow | $136M | +271% | +74% |
| Free cash flow | $125M | +337% | +73% |
What changed
Revenue was $217.5M in Q2 2025, up 6% year over year and up 3% from the previous quarter. Retail Banking was the largest line at 73% of revenue. Treasury and Other added $11.1M year over year, 86% of the total change. Commercial Banking declined 8%.
Operating profit was $88.1M, a 40.5% margin (up 1.0 points year over year). Of the extra revenue versus a year earlier, 57% reached operating profit, above the 39% margin then. Total costs grew 4% against revenue growth of 6%. The fastest-growing cost line was Sales & marketing (+15%). Net earnings were $73.2M, up 18% year over year. The effective tax rate was 16.9%.
Operating cash flow was $136.4M (up 74% year over year), 186% of net earnings. Non-cash charges added back $9.4M of depreciation and amortization and $3.5M of share-based compensation. Working capital and other items added $50.2M. Capital expenditures of $11.2M left free cash flow of $125.2M.
Questions
What was First Hawaiian's revenue in the second quarter 2025?
First Hawaiian (FHB) reported revenue of $218M for the second quarter 2025 (Q2 2025), +6% from a year earlier and +3% from the quarter before.
Was First Hawaiian profitable in the second quarter 2025?
Operating profit was $88.1M (40.5% of revenue) and net earnings $73.2M.
Source: First Hawaiian 10-Q on SEC EDGAR.