Filing Flows › First Hawaiian (FHB) › Q3 2025
First Hawaiian (FHB) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 3, 2025
First Hawaiian (FHB) reported revenue of $226M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +4% from the quarter before. Operating margin was 42.5%, net earnings $73.8M (32.6% of revenue).
First Hawaiian, Q3 2025: revenue $226M (+8% year over year), operating margin 42.5%, net earnings $73.8M, operating cash flow $57.1M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $226M | +4% | +8% |
| Operating profit | $96.1M | +9% | +26% |
| Net earnings | $73.8M | +0.8% | +20% |
| Operating cash flow | $57.1M | -58% | -3% |
| Free cash flow | $49.5M | -60% | -5% |
What changed
Revenue was $226.4M in Q3 2025, up 8% year over year and up 4% from the previous quarter. Retail Banking was the largest line at 71% of revenue. Treasury and Other added $12.6M year over year, 77% of the total change. Commercial Banking declined 10%.
Operating profit was $96.1M, a 42.5% margin (up 6.1 points year over year). Of the extra revenue versus a year earlier, 120% reached operating profit, above the 36% margin then. Total costs fell 2% while revenue rose 8%. The fastest-growing cost line was Sales & marketing (+12%). Net earnings were $73.8M, up 20% year over year. The effective tax rate was 23.2%.
Operating cash flow was $57.1M (down 3% year over year), 77% of net earnings. Non-cash charges added back $7.9M of depreciation and amortization and $4.1M of share-based compensation. Working capital and other items used $28.7M. Capital expenditures of $7.6M left free cash flow of $49.5M.
Questions
What was First Hawaiian's revenue in the third quarter 2025?
First Hawaiian (FHB) reported revenue of $226M for the third quarter 2025 (Q3 2025), +8% from a year earlier and +4% from the quarter before.
Was First Hawaiian profitable in the third quarter 2025?
Operating profit was $96.1M (42.5% of revenue) and net earnings $73.8M.
Source: First Hawaiian 10-Q on SEC EDGAR.