Filing Flows › First Hawaiian (FHB) › Q4 2025
First Hawaiian (FHB) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 27, 2026
First Hawaiian (FHB) reported revenue of $226M for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and -0.2% from the quarter before. Operating margin was 41.2%, net earnings $69.9M (31.0% of revenue).
First Hawaiian, Q4 2025: revenue $226M (+20% year over year), operating margin 41.2%, net earnings $69.9M, operating cash flow $105M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $226M | -0.2% | +20% |
| Operating profit | $93.1M | -3% | +44% |
| Net earnings | $69.9M | -5% | +33% |
| Operating cash flow | $105M | +84% | -8% |
| Free cash flow | $100M | +102% | -2% |
What changed
Revenue was $225.9M in Q4 2025, up 20% year over year and roughly flat from the previous quarter. Retail Banking was the largest line at 71% of revenue.
Operating profit was $93.1M, a 41.2% margin (up 6.8 points year over year). Of the extra revenue versus a year earlier, 75% reached operating profit, above the 34% margin then. Total costs grew 8% against revenue growth of 20%. The fastest-growing cost line was Sales & marketing (+52%). Net earnings were $69.9M, up 33% year over year. The effective tax rate was 24.8%.
Operating cash flow was $104.9M (down 8% year over year), 150% of net earnings. Non-cash charges added back $7.9M of depreciation and amortization and $4.2M of share-based compensation. Working capital and other items added $22.8M. Capital expenditures of $4.9M left free cash flow of $100.0M.
Questions
What was First Hawaiian's revenue in the fourth quarter 2025?
First Hawaiian (FHB) reported revenue of $226M for the fourth quarter 2025 (Q4 2025), +20% from a year earlier and -0.2% from the quarter before.
Was First Hawaiian profitable in the fourth quarter 2025?
Operating profit was $93.1M (41.2% of revenue) and net earnings $69.9M.
Source: First Hawaiian 10-K on SEC EDGAR.