First Hawaiian Inc (FHB) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of First Hawaiian Inc stock $22.15, price $24.98, that is 11.3% below the price, quality 63 out of 100. Rating: overvalued. Calculated from audited financials with 6 of our 26 valuation models and 37 quality factors, updated daily.
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First Hawaiian Inc
FHB · USOur calculation puts a fair price 11% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 8, 2026.
How to read this chart
60‑month range $13.34 – $30.05 · fair‑value band $18.71 – $31.17 · the $24.98 price screens above the $22.15 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 8, 2026.
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Company profile
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 two segments: Retail Banking and Commercial Banking.
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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, as well as commercial lease and auto dealer financing services.
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 credit card and merchant processing services, as well as consumer and commercial credit cards processing services.
Further, the company provides commercial and industrial lending, such as auto dealer flooring, commercial real estate lending, and construction lending services. It offers its products through branch, online, and mobile distribution channels.
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.
Stock analysis
First Hawaiian Inc (FHB) currently trades at $24.98, while our model-based Fair Value estimate is $22.15, 11% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Multiples group reads highest at a median of $24.94 per share, and 1 of the 6 models we run sit above the $24.98 price.
Bear case: the Asset-Based group reads lowest at $9.74, and 5 of the 6 models stay below the price. Data coverage for this calculation is high.
Scenario range: $18.71 (bear) to $31.17 (bull), the price of $24.98 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 63/100 (solid quality), in the Financial Services sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
First Hawaiian Inc reported revenue of $1.2B in FY2025 versus $709M in FY2021, a compound +13.3%/yr. Reported net income was $276M in FY2025, compounding +1.0%/yr from FY2021.
Key figures
Market cap $3.1B Mid · P/E ratio 10.9 · P/S ratio 3.53 · EPS (TTM) $2.30 · Dividend yield 1.0% · Net margin 31.6% · Return on equity 9.9% · Return on assets (EBIT) 1.4% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 66 out of 100 (low confidence).
What moves the price
The share trades about 17% below its 52-week high and 10% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Financial Services peers we cover trades at −28% fair-value upside, at −11%, FHB screens cheaper than that median.
Fair Value models
All 6 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, no officer or director bought or sold shares on the open market.
- SaleCraig Scott WoDirector2,000 shares at $27.15$54,290Feb 10, 2026
- SaleAlan ArizumiVICE CHAIR43,026 shares at $25.35$1.1MDec 4, 2025
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
FHB screens overvalued: fair value 11% below the price. Compare with China Merchants Bank Co →
Earlier news
- First Hawaiian, Inc. and TriCo Bancshares Announce Shareholder Approvals of Acquisition
- FHB Q3 deep dive: loan growth slows, integration focus sharpens amid credit headwinds
- The top 5 analyst questions from First Hawaiian Bank’s Q3 earnings call
- First Hawaiian (FHB) Stock Price Faces Q3 Earnings Doubts Despite Profit
Compare First Hawaiian Inc with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Banks - Regional · 998 stocks
Valuation Multiplesvs Banks - Regional median · lower = cheaper
Strength profile in five axes (Snowflake)
HEALTH: for banks, insurers and similar financial firms borrowed money is part of the business, so we do not rate debt here.
Context: sector, industry, market
- Is the Financials sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Return on equity by industry
- Quality Score by industry
- PEG screener for stocks with fair value
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more Banks - Regional stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Postal Savings Bank of China Co 601658 | ¥5.53 | ¥7.59 | +37% | vs FHB |
| China Merchants Bank Co 600036 | ¥42.88 | ¥52.73 | +23% | vs FHB |
| BNP Paribas SA BNP | €91.93 | €106.01 | +15% | vs FHB |
| Intesa Sanpaolo S.p.A ISP | €6.18 | €4.49 | −27% | vs FHB |
| State Bank of India SBIN | ₹1,019 | ₹736.65 | −28% | vs FHB |
| UniCredit S.p.A UCG | €76.80 | €50.44 | −34% | vs FHB |
| Mizuho Financial Group MFG | $9.40 | $5.90 | −37% | vs FHB |
| DBS Group D05 | 69.72 SGD | 40.39 SGD | −42% | vs FHB |
| HDFC Bank Limited HDFCBANK | ₹788.25 | ₹406.39 | −48% | vs FHB |
| ICICI Bank Limited ICICIBANK | ₹1,571 | ₹615.63 | −61% | vs FHB |
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Frequently asked questions
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Key figures of First Hawaiian Inc
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