First Hawaiian, Inc. (FHB) Stock Price & How to Invest

First Hawaiian, Inc. (NASDAQ: FHB) is the parent of First Hawaiian Bank, founded in 1858 as Bishop & Company and the oldest financial institution in Hawaii. The bank runs a full-service network across Hawaii, Guam, and Saipan with roughly 60 branches, organized into Retail Banking, Commercial Banking, and Treasury segments. It has held the number one deposit market share in Hawaii for well over a decade (historically in the mid-30s percent range), giving it a low-cost, sticky funding base. As of Q1 2026 it reported about $24.3 billion in total assets and roughly $20.8 billion in deposits.

The investment picture is that of a mature, well-capitalized regional bank rather than a growth story. Earnings are driven by net interest income (the spread between what it earns on loans and securities and what it pays on deposits), fee income, and credit costs. First-quarter 2026 net income rose to about $67.8 million as interest expense fell and credit provisions eased, and the second quarter improved again: revenue of ~$231 million and net income of ~$73.4 million, with EPS of ~$0.60 a cent ahead of the ~$0.59 consensus. FHB has now met or beaten the EPS estimate in each of the last four quarters, and trailing twelve-month net income stands at ~$285 million on ~$881 million of revenue. The share price has not followed: at ~$25.06 on October 16, 2026 the stock was down ~14% over three months and ~2% year to date, though still ~10% above where it traded a year earlier. Third-quarter results are scheduled for October 23, 2026, with consensus EPS of ~$0.59. The company returns capital through a steady quarterly dividend and share buybacks. Because its loan book and deposits are concentrated in the Hawaiian Islands and nearby Pacific territories, its results are closely tied to Hawaii tourism, real estate, and the broader interest-rate environment.

FHB's business is geographically concentrated in Hawaii, Guam, and Saipan, so a downturn in Hawaii tourism, employment, or real estate would hit loan demand and credit quality at once. As a spread lender, its earnings are sensitive to interest-rate moves and deposit repricing, and a squeezed margin would pressure profits. Regional-bank sentiment can swing sharply on funding, commercial real estate, and deposit-flight fears even when a specific bank is sound. Loan growth on a small island economy is structurally limited, capping upside. Regulatory capital, liquidity, and stress-testing requirements add ongoing compliance costs and constraints on capital return. Sell-side views are lukewarm: the average of nine analysts is a hold with a mean target near $29, and in October 2026 JPMorgan moved to neutral from underweight while BofA Securities trimmed its target to $33 from $34.

9 analysts publish price targets on FHB, averaging $29.11 against a $24.95 price as of October 2026, or +16.7%. The published targets run from $26.00 to $33.00, a narrow spread, and the ratings split 1 buy, 7 hold, 3 sell. Over the last six months there have been 6 raises and 5 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full FHB forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on First Hawaiian, Inc.. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Deposit franchise and funding advantage. First Hawaiian's decades-long leadership in Hawaii deposit market share gives it a large, low-cost, relationship-based funding base. The most optimistic published target, $33.00, assumes this works close to its best case.

The case against. FHB's business is geographically concentrated in Hawaii, Guam, and Saipan, so a downturn in Hawaii tourism, employment, or real estate would hit loan demand and credit quality at once. The most pessimistic target, $26.00, is roughly what FHB is worth if this bites instead.

Read the full bull and bear case on FHB, including what would have to change to break either one. Walnut is not an investment adviser.

No. First Hawaiian, Inc. (FHB) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see First Hawaiian, Inc.'s investor relations page or your broker.

• Market cap: ~$3.05 billion (share price ~$25.06)
• Revenue (TTM): ~$881 million (latest quarter ~+6% yoy)
• Net income (TTM): ~$285 million (profit margin ~32%)
• Net income (Q2 2026): ~$73.4 million (EPS ~$0.60 vs ~$0.59 expected)
• P/E trailing / forward: ~10.9x / ~9.9x
• Price-to-book: ~1.1x
• Dividend yield: ~4.2% (~$1.04/yr)
• Total assets / deposits (Q1 2026): ~$24.3 billion / ~$20.8 billion

FHB trades near 10.9x trailing and 9.9x forward earnings and about 1.1x book value, a little cheaper than in mid-2026 after a ~14% slide over the past three months, with a dividend yield near 4.2%. Trailing EPS is ~$2.30 and analysts expect ~$2.36 for 2026. The valuation reflects a stable, high-share deposit franchise with limited growth rather than a rerating catalyst, and the October 23 quarter is the next data point on margins and credit.

If you want FHB exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

Other names that sit close to FHB: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get FHB exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (KRE), which spreads the position across many companies. Or build it into a focused thematic portfolio, so FHB sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where FHB fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

FHB is a dominant Hawaii deposit franchise trading near 11x trailing earnings and roughly 1.1x book with a ~4.2% dividend yield, so the investment case rests on rate spreads, island economic conditions, and steady credit rather than fast growth.

Whether FHB is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is FHB a buy or a sell?, and where the stock could go from here in the FHB stock forecast.

For income investors, whether FHB pays a dividend and how the payout looks is covered in does FHB pay a dividend? And to weigh FHB against a peer, read the full side-by-side comparisons: FHB vs BOH and FHB vs BAC.