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How First Hawaiian (FHB) makes money

First Hawaiian (FHB) made $230M of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Of every dollar of revenue, 22¢ was left as operating profit, 28¢ was left as net earnings.

Drawing the Sankey…

First Hawaiian: revenue by line, Q2 2025 to Q2 2026First Hawaiian: revenue by line, Q2 2025 to Q2 2026Retail BankingCommercial BankingCorporate/OtherTreasury and OtherRetail Banking: $162M latest$162MCommercial Banking: $66.6M latest$66.6MCorporate/Other: $2.8M latestTreasury and Other: $0 latestQ2 2025Q3 2025Q4 2025Q1 2026Q2 2026
Retail Banking went from 73% of revenue in Q2 2025 to 70% in Q2 2026, the largest shift in the mix.
First Hawaiian revenue by quarterFirst Hawaiian revenue by quarter$211MQ1 2025$218MQ2 2025$226MQ3 2025$226MQ4 2025$220MQ1 2026$231MQ2 2026$230MQ3 2026
First Hawaiian: where each dollar of revenue goesFirst Hawaiian: where each dollar of revenue goesOperating profit22¢Net earnings28¢Operating cash flow46¢Free cash flow44¢

Where each dollar of revenue goes

LineQ3 2026% of revenue
Revenue$230M100.0%
Operating profit$49.9M21.7%
Net earnings$63.7M27.7%
Operating cash flow$107M46.4%
Free cash flow$102M44.2%

Revenue, quarter by quarter

QuarterRevenueY/Y
Q3 2026$230M+2%
Q2 2026$231M+6%
Q1 2026$220M+4%
Q4 2025$226M+20%
Q3 2025$226M+8%
Q2 2025$218M+6%
Q1 2025$211M+2%

From First Hawaiian's 10-Q filed Nov 2, 2026 (on EDGAR).

Questions

How does First Hawaiian make money?

First Hawaiian (FHB) made $230M of revenue in the third quarter 2026 (Q3 2026), +2% from a year earlier. Of every dollar of revenue, 22¢ was left as operating profit, 28¢ was left as net earnings.

What is First Hawaiian's profit margin?

Net earnings were $63.7M, 27.7% of revenue, in the third quarter 2026; the operating margin was 21.7%.

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Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.