Stock of the Day

August 16, 2023

First Hawaiian (FHB)

$25.61
-$0.18 (-0.7%)
Market Cap: $3.14B

About First Hawaiian

First Hawaiian, Inc. operates as a bank holding company for First Hawaiian Bank that provides a range of banking products and services to consumer and commercial customers in the United States. It operates in three segments: Retail Banking, Commercial Banking, and Treasury and Other. The company offers various deposit products, including checking, savings, and time deposit accounts, and other deposit accounts. It also provides residential and commercial mortgage loans, home equity lines of credit and loans, automobile loans and leases, secured and unsecured lines of credit, installment loans, small business loans and leases, and construction lending, as well as commercial lease and auto dealer financing. In addition, the company offers wealth management, personal installment, individual investment and financial planning, insurance protection, trust and estate, private banking, investment management, retirement planning, and merchant processing services, as well as consumer and commercial credit cards. The company was formerly known as BancWest Corporation and changed its name to First Hawaiian, Inc. in April 2016. First Hawaiian, Inc. was founded in 1858 and is headquartered in Honolulu, Hawaii.

Today's Trend

First Hawaiian, Inc. (NASDAQ: FHB) is trading lower today after a mixed reaction to its second-quarter earnings report, even though the bank beat expectations on both profit and revenue and announced a dividend. Investors appear focused on whether the results were strong enough to justify a move higher, while a lawsuit-related headline added a small overhang.

  • First Hawaiian reported second-quarter 2026 EPS of $0.60, ahead of the $0.58 consensus estimate, with revenue of $231.27 million also topping expectations; management also described the quarter as strong and declared a dividend. Article Title
  • The company’s earnings call transcript and analyst coverage suggest the quarter largely matched or slightly exceeded Wall Street’s key metrics, reinforcing that operating performance remains stable. Article Title
  • Short-interest data showed no meaningful short position change, so it does not appear to be driving the stock move. Article Title
  • A class-action firm announced it is investigating First Hawaiian in connection with the merger, which may create a modest legal overhang for shares. Article Title

Overall, FHB benefited from an earnings beat and dividend news, but the market’s reaction looks cautious, likely because the results were only modestly above estimates and there is some merger-related litigation noise.

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