First Hawaiian (FHB) Q1 FY2026 earnings: revenue $220 million, up 4.4% on the year

First Hawaiian, Inc. (FHB) reported revenue of $220 million for Q1 FY2026, the quarter ended 31 March 2026, up 4.4% on the same quarter a year earlier. Net income was $68 million, up 14.4% on the year, and diluted earnings per share $0.55. The figures are the company's own, from the 10-Q it filed with the SEC on 4 May 2026.

Revenue$220 millionup 4.4%

Net income$68 millionup 14.4%

Diluted EPS$0.55

QuarterQ1 FY2026ended 31 March 2026

The quarter, against the one before and a year earlier

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Revenue	220	226	211	+4.4%
Pre-tax income	87.5	93.1	76.9	+13.7%
Income tax	19.7	23.1	17.7	+11.2%
Effective tax rate	22.5%	24.8%	23.0%
Net income	67.8	69.9	59.2	+14.4%
Net margin	30.8%	31.0%	28.1%
Diluted EPS	$0.55	$0.56	$0.47	+17.0%

$ million except per share.

Fourth quarters are the year less the first three quarters. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Operating cash flow	160	105	36.7	+335.0%
Capital expenditure	4.3	4.9	8.1	-47.0%
Free cash flow	155	100.0	28.6	+443.1%
Cash from investing	-110	-211	276	n/a
Cash from financing	192	-272	-168	n/a
Depreciation and amortisation	8.4	7.9	8.4	-0.4%
Share-based compensation	4.0	4.2	4.0	-1.7%
Buybacks	32.0	26.0	25.0	+28.0%
Dividends paid	33.1	32.2	32.9	+0.7%
Dividend per share	$0.26	n/a	$0.26	+0.0%
Diluted shares, weighted	123m	124m	127m	-3.0%
Shares outstanding at period end	122m	123m	126m	-3.2%

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

Line	Q1 FY2026	Q4 FY2025	Q1 FY2025	Change on the year
Shareholders' equity	2,768	2,769	2,649	+4.5%
Deposits	20,777	20,516	20,216	+2.8%
Short-term borrowings	n/a	0.0	250	n/a
Other liabilities	719	670	630	+14.1%
Total liabilities and equity	24,265	23,955	23,745	+2.2%
Fixed assets	303	303	293	+3.5%
Goodwill	995	995	995	+0.0%
Securities held for sale or to maturity	5,560	5,609	5,583	-0.4%
Cash and equivalents	1,719	1,478	1,315	+30.8%
Other assets	15,687	15,569	15,559	+0.8%
Total assets	24,265	23,955	23,745	+2.2%

Questions

What was First Hawaiian's revenue in Q1 FY2026?

First Hawaiian (FHB) reported revenue of $220 million for Q1 FY2026, the quarter ended 31 March 2026, up 4.4% on the same quarter a year earlier.

How much did First Hawaiian earn in Q1 FY2026?

Net income for Q1 FY2026 was $68 million, up 14.4% on the year, and diluted earnings per share $0.55.

When did First Hawaiian report Q1 FY2026 results?

First Hawaiian filed its 10-Q for the quarter ended 31 March 2026 with the SEC on 4 May 2026.

Quarterly results, the last 12 quarters

	Q3 FY2023	Q4 FY2023 *	Q1 FY2024	Q2 FY2024	Q3 FY2024	Q4 FY2024 *	Q1 FY2025	Q2 FY2025	Q3 FY2025	Q4 FY2025 *	Q1 FY2026	Q2 FY2026
Revenue	203	210	206	205	210	188	211	218	226	226	220	231
Interest expense	82.7	89.2	90.5	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a	n/a
Pre-tax income	76.4	62.5	70.7	80.7	76.4	64.7	76.9	88.1	96.1	93.1	87.5	95.2
Tax rate	24%	24%	23%	23%	20%	19%	23%	17%	23%	25%	23%	23%
Net income	58.2	47.5	54.2	61.9	61.5	52.5	59.2	73.2	73.8	69.9	67.8	73.4
Net margin	29%	23%	26%	30%	29%	28%	28%	34%	33%	31%	31%	32%
Diluted EPS	$0.46	$0.37	$0.42	$0.48	$0.48	$0.41	$0.47	$0.58	$0.59	$0.56	$0.55	$0.60
Operating cash flow	26.2	41.2	66.6	78.2	58.9	114	36.7	136	57.1	105	160	13.2
Capital expenditure	4.1	7.7	4.9	6.0	6.6	11.4	8.1	11.2	7.6	4.9	4.3	5.5
Free cash flow	22.1	33.5	61.8	72.2	52.3	102	28.6	125	49.5	100.0	155	7.7
Buybacks	n/a	n/a	n/a	n/a	n/a	n/a	25.0	25.0	24.0	26.0	32.0	0.0
Dividends paid	33.2	33.2	33.2	33.2	33.2	33.1	32.9	33.6	32.3	32.2	33.1	31.7
Shares outstanding	128m	128m	128m	128m	128m	126m	126m	125m	124m	123m	122m	122m
Filing	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q	10-Q	10-K	10-Q	10-Q

Each quarter as filed, linked to its filing.

* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 31 March 2026, filed 4 May 2026, accession 0001104659-26-054867: the filing on EDGAR. All of First Hawaiian, Inc.'s filings: EDGAR company page.

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