Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Twin Vee PowerCats Co. (NASDAQ: VEEE)'s merger with USFM Corporation. If you are a Twin Vee shareholder, click here to learn more about your legal rights and options.
NextCure, Inc. (NASDAQ: NXTC)'s merger with Avere Therapeutics, Inc. Upon closing of the proposed transaction, NextCure shareholders are expected to own approximately 1.21% of the combined company. If you are a NextCure shareholder, click here to learn more about your rights and options.
TriCo Bancshares (NASDAQ: TCBK)'s sale to First Hawaiian, Inc. for 2.095 First Hawaiian shares for each TriCo share. Upon closing of the proposed transaction, TriCo shareholders are expected to own approximately 35% of the combined company. If you are a TriCo shareholder, click here to learn more about your rights and options.
First Hawaiian, Inc. (NASDAQ: FHB)'s merger with TriCo Bancshares. Upon closing of the proposed transaction, First Hawaiian shareholders are expected to own approximately 65% of the combined company. If you are a First Hawaiian shareholder, click here to learn more about your legal rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com
First Hawaiian NASDAQ: FHB executives said the bank delivered loan growth, wider net interest margin and continued solid credit quality in the second quarter of 2026, while preparing for its proposed combination with TriCo Bancshares.
Chairman, President and CEO Bob Harrison said the company was “very excited” about the TriCo transaction, which is expected to close near the end of the year. He said First Hawaiian is focused on the work required to complete the deal and does not have additional information beyond what was presented during its July 23 investor call.
Get First Hawaiian alerts:
Hawaii economy and loan growth Harrison pointed to relatively stable economic conditions in Hawaii. The statewide employment rate was 2.5% in May, compared with a national unemployment rate of 4.3%. Total visitor arrivals through May rose 2.9% from a year earlier, driven primarily by visitors from the U.S. mainland and Japan, while year-to-date visitor spending reached $9.7 billion, up 7.5% from 2025 levels.
Hawaii housing prices also remained firm. The median Oahu single-family home sales price was $1.2 million in June, up 10.4% year over year, while the median condo price was $528,000, up 3.5%.
Total loans increased $137 million during the quarter, representing annualized growth of about 3.6%. Growth was led by commercial and industrial, or C&I, lending and commercial real estate lending. C&I balances increased $98 million, primarily because of dealer-flooring growth and expansion in the company’s Hawaii corporate portfolio.
Completed construction projects resulted in the conversion of $95 million in construction loan balances into commercial real estate loans. Construction loan payoffs and lower residential balances partly offset the broader growth, as residential payoffs exceeded new production.
Harrison said management continues to see a “very robust pipeline” in C&I and commercial real estate, with construction activity representing a meaningful portion of commercial real estate opportunities. The bank also is working with some new customer relationships, he said. Residential lending, however, is expected to remain slow because of the interest-rate environment.
Deposits, margin and earnings outlook Total deposits declined $623 million in the second quarter, largely due to expected public-deposit outflows. Chief Financial Officer Jamie Moses said retail deposits were essentially flat, while commercial deposits fell about $156 million because of seasonal volatility. Public deposits declined $467 million, mainly in operating accounts, and public time deposits decreased by $115 million. The remaining public time-deposit balance was $9 million.
Moses said the declines did not reflect lost customer relationships. Municipal partners found other ways to invest certain balances off the bank’s balance sheet, he said, while First Hawaiian expects retail and commercial deposits to increase in the second half because of seasonal patterns. The company’s noninterest-bearing deposit ratio was 32%, and its total cost of deposits declined two basis points from the first quarter.
Net interest income increased $3.5 million sequentially to $171 million. Net interest margin rose six basis points to 3.25%, helped by deposit mix and repricing, higher loan and securities yields, and lower cash balances.
Management revised its full-year net interest margin outlook to a range of 3.24% to 3.25%, based on market expectations for one rate increase later this year. First Hawaiian expects third-quarter margin of about 3.27%. Moses said the company assumed a rate increase early in the fourth quarter in its outlook.
The balance sheet remains asset-sensitive, according to Harrison. Moses said roughly $6 billion of assets would reprice immediately following a rate increase based on SOFR, while approximately $3.5 billion to $4 billion of liabilities would also reprice to some degree.
Cash balances declined in the quarter primarily because of public-deposit outflows. Management expects to keep cash around the quarter-end level, approximately $1 billion, through the rest of the year, even as it anticipates further loan growth.
Fees, expenses and credit quality Noninterest income totaled $60.3 million, aided by higher bank-owned life insurance income, an excise tax refund and increased swap fees. Moses said the BOLI contribution reflected a component of the portfolio that is sensitive to market movements rather than a death benefit.
First Hawaiian maintained its full-year noninterest income outlook of about $220 million. Moses said the company generally views approximately $55 million per quarter as a baseline, though one-time or market-related items can cause quarterly variation.
Noninterest expense was $130.4 million, including $4.2 million in costs related to the TriCo transaction. The company expects more transaction costs in the second half as it moves toward closing and integration. Excluding TriCo-related costs, First Hawaiian expects reported expenses of $515 million to $520 million for the full year.
Moses said higher second-half expenses will reflect continued hiring to support loan growth, along with project-related salary, professional-services and information-technology costs.
Chief Risk Officer Lea Nakamura said credit performance and credit metrics remained healthy. The allowance for credit losses declined both in dollar terms and relative to coverage, primarily because of a material reduction in classified assets.
The company reported a return on average tangible assets of 1.28% and a return on average tangible equity of 16.34% for the quarter. Its effective tax rate was 22.9%.
TriCo transaction and capital plans Harrison said First Hawaiian did not repurchase shares during the second quarter and is unlikely to conduct buybacks for the remainder of the year while the TriCo deal proceeds through regulatory review, though he said that could change. The company’s common equity tier 1 ratio remained above 13%, according to an analyst’s question during the call.
Management reiterated a target of 25% cost savings from the TriCo transaction. Moses said the company remains comfortable with that objective and expects to achieve it through a variety of measures, but did not provide further detail.
Harrison said three TriCo executives—Richard Smith, Dan Bailey and Peter G. Wiese—are expected to join First Hawaiian’s senior management team. He said First Hawaiian intends to retain much of TriCo’s management team, describing the California bank as a well-run institution that First Hawaiian plans to support while learning from its operations.
About First Hawaiian (NASDAQ:FHB)First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.
First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in First Hawaiian Right Now?Before you consider First Hawaiian, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Hawaiian wasn't on the list.
While First Hawaiian currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
First Hawaiian (FHB - Free Report) came out with quarterly earnings of $0.6 per share, in line with the Zacks Consensus Estimate . This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.
A quarter ago, it was expected that this bank holding company would post earnings of $0.53 per share when it actually produced earnings of $0.55, delivering a surprise of +3.77%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
First Hawaiian, which belongs to the Zacks Banks - West industry, posted revenues of $231.27 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 1.48%. This compares to year-ago revenues of $217.54 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Hawaiian shares have added about 13.2% since the beginning of the year versus the S&P 500's gain of 8.2%.
What's Next for First Hawaiian?While First Hawaiian has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Hawaiian was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.61 on $233.48 million in revenues for the coming quarter and $2.38 on $921.18 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Bank of Marin (BMRC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 27.
This bank holding company is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents a year-over-year change of +79.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Bank of Marin's revenues are expected to be $34.05 million, up 16.6% from the year-ago quarter.
First Hawaiian (FHB - Free Report) reported $231.27 million in revenue for the quarter ended June 2026, representing a year-over-year increase of 6.3%. EPS of $0.60 for the same period compares to $0.58 a year ago.
The reported revenue represents a surprise of +1.48% over the Zacks Consensus Estimate of $227.91 million. With the consensus EPS estimate being $0.60, the company has not delivered EPS surprise.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how First Hawaiian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net charge-offs: 0.1% versus the three-analyst average estimate of 0.1%.Total Non-Accrual Loans and Leases: $39.5 million versus $39.42 million estimated by three analysts on average.Net interest margin: 3.3% compared to the 3.2% average estimate based on three analysts.Efficiency Ratio: 56.2% versus the three-analyst average estimate of 56.1%.Average Balance - Total Earning Assets: $21.19 billion versus the three-analyst average estimate of $21.45 billion.Total Non-Performing Assets: $39.5 million versus the three-analyst average estimate of $40.75 million.Total Noninterest Income: $60.28 million versus $54.58 million estimated by three analysts on average.Net Interest Income (FTE): $171.9 million compared to the $173.33 million average estimate based on three analysts.Net Interest Income: $170.99 million compared to the $172.67 million average estimate based on three analysts.Service charges on deposit accounts: $8.32 million versus the two-analyst average estimate of $8.28 million.Other service charges and fees: $14.41 million versus $14.01 million estimated by two analysts on average.Noninterest income- Other: $6.01 million versus the two-analyst average estimate of $2.64 million.View all Key Company Metrics for First Hawaiian here>>>
Shares of First Hawaiian have returned -2.2% over the past month versus the Zacks S&P 500 composite's +0.6% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
HONOLULU, July 24, 2026 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended June 30, 2026. "The second quarter was another strong quarter, reflecting the strength of our business model, the disciplined execution by our team and the trust our customers place in us," said Bob Harrison, Chairman, President and Chief Executive Officer.
Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating
Twin Vee PowerCats Co. (NASDAQ: VEEE) related to its merger with USFM Corporation. Click here for more info https://monteverdelaw.com/case/twin-vee-powercats-co-2/. It is free and there is no cost or obligation to you.
NextCure, Inc. (NASDAQ: NXTC) related to its merger with Avere Therapeutics, Inc. Upon closing of the proposed transaction, NextCure shareholders are expected to own approximately 1.21% of the combined company. Click here for more information https://monteverdelaw.com/case/nextcure-inc/. It is free and there is no cost or obligation to you.
TriCo Bancshares (NASDAQ: TCBK) related to its sale to First Hawaiian, Inc. Upon closing of the proposed transaction, TriCo shareholders are expected to own approximately 35% of the combined company. Click here for more information https://monteverdelaw.com/case/trico-bancshares/. It is free and there is no cost or obligation to you.
First Hawaiian, Inc. (NASDAQ: FHB) related to its merger with TriCo Bancshares. Upon closing of the proposed transaction, First Hawaiian shareholders are expected to own approximately 65% of the combined company. Click here for more info https://monteverdelaw.com/case/first-hawaiian-inc/. It is free and there is no cost or obligation to you.
NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:
Do you file class actions and go to Court?When was the last time you recovered money for shareholders?What cases did you recover money in and how much? About Monteverde & Associates PC
Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.
No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.
Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America [email protected]
Tel: (212) 971-1341
Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
Destination XL Group, Inc. (NASDAQ: DXLG)'s merger with FBB Holdings I, Inc. If you are a Destination XL shareholder, click here to learn more about your rights and options.
Standard BioTools Inc. (NASDAQ: LAB)'s merger with Treeline Biosciences, Inc. Upon closing of the proposed transaction, Standard BioTools shareholders are expected to own approximately 16% of the combined company. If you are a Standard BioTools shareholder, click here to learn more about your rights and options.
First Hawaiian, Inc. (NASDAQ: FHB)'s merger with TriCo Bancshares. Upon closing of the proposed transaction, First Hawaiian shareholders are expected to own approximately 65% of the combined company. If you are a First Hawaiian shareholder, click here to learn more about your legal rights and options.
Rallybio Corporation (NASDAQ: RLYB)'s merger with Candid Therapeutics, Inc. Upon completion of the proposed transaction, Rallybio shareholders are expected to own approximately 3.65% of the combined company. If you are a Rallybio shareholder, click here to learn more about your rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com
NEW YORK, July 21, 2026 (GLOBE NEWSWIRE) -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the “M&A Class Action Firm”), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. We are headquartered at the Empire State Building in New York City and are investigating
Twin Vee PowerCats Co. (NASDAQ: VEEE) related to its merger with USFM Corporation.
Click here for more info https://monteverdelaw.com/case/twin-vee-powercats-co-2/. It is free and there is no cost or obligation to you.
NextCure, Inc. (NASDAQ: NXTC) related to its merger with Avere Therapeutics, Inc. Upon closing of the proposed transaction, NextCure shareholders are expected to own approximately 1.21% of the combined company.
Click here for more information https://monteverdelaw.com/case/nextcure-inc/. It is free and there is no cost or obligation to you.
TriCo Bancshares (NASDAQ: TCBK) related to its sale to First Hawaiian, Inc. Upon closing of the proposed transaction, TriCo shareholders are expected to own approximately 35% of the combined company.
Click here for more information https://monteverdelaw.com/case/trico-bancshares/. It is free and there is no cost or obligation to you.
First Hawaiian, Inc. (NASDAQ: FHB) related to its merger with TriCo Bancshares. Upon closing of the proposed transaction, First Hawaiian shareholders are expected to own approximately 65% of the combined company.
Click here for more info https://monteverdelaw.com/case/first-hawaiian-inc/. It is free and there is no cost or obligation to you.
NOT ALL LAW FIRMS ARE THE SAME. Before you hire a law firm, you should talk to a lawyer and ask:
Do you file class actions and go to Court?When was the last time you recovered money for shareholders?What cases did you recover money in and how much?
About Monteverde & Associates PC
Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.
No company, director or officer is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.
Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America [email protected]
Tel: (212) 971-1341
Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
Bessemer Group Inc. grew its holdings in shares of First Hawaiian, Inc. (NASDAQ:FHB – Free Report) by 41.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 230,841 shares of the bank’s stock after acquiring an additional 67,083 shares during the quarter. Bessemer Group Inc. owned about 0.19% of First Hawaiian worth $5,688,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of FHB. Oak Thistle LLC bought a new stake in First Hawaiian in the fourth quarter worth about $1,243,000. SG Americas Securities LLC boosted its position in shares of First Hawaiian by 409.2% during the 4th quarter. SG Americas Securities LLC now owns 89,506 shares of the bank’s stock valued at $2,265,000 after purchasing an additional 71,927 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of First Hawaiian by 2.5% in the 4th quarter. Vanguard Group Inc. now owns 14,457,575 shares of the bank’s stock worth $365,777,000 after purchasing an additional 358,632 shares during the last quarter. Ruffer LLP acquired a new position in shares of First Hawaiian in the 4th quarter worth approximately $3,028,000. Finally, UBS Group AG raised its holdings in shares of First Hawaiian by 176.0% in the 4th quarter. UBS Group AG now owns 1,128,002 shares of the bank’s stock worth $28,538,000 after purchasing an additional 719,312 shares in the last quarter. Institutional investors own 97.63% of the company’s stock.
Analysts Set New Price Targets Several analysts recently commented on the stock. Wall Street Zen lowered shares of First Hawaiian from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Wells Fargo & Company lifted their price target on shares of First Hawaiian from $26.00 to $28.00 and gave the stock an “underweight” rating in a research report on Monday, July 6th. TD Cowen upped their price target on First Hawaiian from $28.00 to $29.00 and gave the company a “hold” rating in a report on Tuesday, April 28th. Benchmark reiterated a “hold” rating on shares of First Hawaiian in a research report on Tuesday, July 14th. Finally, The Goldman Sachs Group raised their price objective on First Hawaiian from $27.00 to $30.00 and gave the stock a “sell” rating in a research note on Tuesday, July 7th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, five have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $29.25.
Get Our Latest Research Report on FHB
First Hawaiian Price Performance Shares of FHB opened at $28.86 on Tuesday. The company has a 50-day moving average of $28.19 and a two-hundred day moving average of $26.77. The stock has a market cap of $3.51 billion, a price-to-earnings ratio of 12.66, a PEG ratio of 1.60 and a beta of 0.72. First Hawaiian, Inc. has a one year low of $22.65 and a one year high of $30.58.
First Hawaiian (NASDAQ:FHB – Get Free Report) last issued its quarterly earnings results on Friday, April 24th. The bank reported $0.55 EPS for the quarter, beating the consensus estimate of $0.53 by $0.02. First Hawaiian had a net margin of 24.44% and a return on equity of 10.39%. The business had revenue of $220.35 million during the quarter, compared to the consensus estimate of $223.59 million. During the same quarter in the prior year, the firm earned $0.47 EPS. Analysts anticipate that First Hawaiian, Inc. will post 2.38 earnings per share for the current year.
First Hawaiian Announces Dividend The company also recently announced a quarterly dividend, which was paid on Friday, May 29th. Shareholders of record on Monday, May 18th were paid a dividend of $0.26 per share. This represents a $1.04 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend was Monday, May 18th. First Hawaiian’s payout ratio is 45.61%.
About First Hawaiian (Free Report)
First Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.
First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.
Read More Five stocks we like better than First Hawaiian The Ugliest Stocks in the Market Just Got a Very Expensive Vote of Confidence Is Domino’s Stock Serving Up a Buying Opportunity? A $1T Black Hole: SpaceX Eyes Pentagon AI to Break Free Why Gold Miners Could Be the Market’s Biggest Comeback Story Want to see what other hedge funds are holding FHB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for First Hawaiian, Inc. (NASDAQ:FHB – Free Report).
Receive News & Ratings for First Hawaiian Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First Hawaiian and related companies with MarketBeat.com's FREE daily email newsletter.
« PREVIOUS HEADLINEBessemer Group Inc. Grows Stake in Teleflex Incorporated $TFX
NEXT HEADLINE »Gerald Baker Financial Group LLC Takes $24.02 Million Position in ExxonMobil Corporation $XOM
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering First Hawaiian (FHB - Free Report) , which belongs to the Zacks Banks - West industry.
This bank holding company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 2.80%.
For the last reported quarter, First Hawaiian came out with earnings of $0.55 per share versus the Zacks Consensus Estimate of $0.53 per share, representing a surprise of 3.77%. For the previous quarter, the company was expected to post earnings of $0.55 per share and it actually produced earnings of $0.56 per share, delivering a surprise of 1.82%.
With this earnings history in mind, recent estimates have been moving higher for First Hawaiian. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
First Hawaiian currently has an Earnings ESP of +0.84%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #1 (Strong Buy) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on July 24, 2026.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transactions may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
, /PRNewswire/ -- Halper Sadeh LLC, an investor rights law firm, is investigating the following companies for potential violations of the federal securities laws and/or breaches of fiduciary duties to shareholders relating to:
AtaiBeckley Inc. (NASDAQ: ATAI)'s sale to Eli Lilly and Company for $6.75 per share in cash, plus up to $2.50 per share in the form of a Contingent Value Right entitling the holder to additional cash payments upon achievement of specified development and regulatory milestones related to the BPL-003 and VLS-01 programs. If you are an AtaiBeckley shareholder, click here to learn more about your rights and options.
First Hawaiian, Inc. (NASDAQ: FHB)'s merger with TriCo Bancshares. Upon closing of the proposed transaction, First Hawaiian shareholders are expected to own approximately 65% of the combined company. If you are a First Hawaiian shareholder, click here to learn more about your legal rights and options.
Patrick Industries, Inc. (NASDAQ: PATK)'s merger with LCI Industries. Upon completion of the proposed transaction, Patrick shareholders will own approximately 52% of the combined company. If you are a Patrick shareholder, click here to learn more about your rights and options.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures and information, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
Contact Information:
Halper Sadeh LLC
Daniel Sadeh, Esq.
Zachary Halper, Esq.
One World Trade Center
85th Floor
New York, NY 10007
(212) 763-0060
[email protected]
[email protected]
https://www.halpersadeh.com
, /PRNewswire/ -- Class Action Attorney Juan Monteverde with Monteverde & Associates PC (the "M&A Class Action Firm"), has recovered millions of dollars for shareholders and is recognized as a Top 50 Firm in the 2025 ISS Securities Class Action Services Report. The firm is headquartered at the Empire State Building in New York City and is investigating First Hawaiian, Inc. (NASDAQ: FHB) related to its merger with TriCo Bancshares. Upon closing of the proposed transaction, First Hawaiian shareholders are expected to own approximately 65% of the combined company. Is it a fair deal?
Click here for more info https://monteverdelaw.com/case/first-hawaiian-inc/. It is free and there is no cost or obligation to you.
NOT ALL LAW FIRMS ARE EQUAL. Before you hire a law firm, you should talk to a lawyer and ask:
Do you file class actions and go to Court? When was the last time you recovered money for shareholders? What cases did you recover money in and how much? About Monteverde & Associates PC
Our firm litigates and has recovered money for shareholders…and we do it from our offices in the Empire State Building. We are a national class action securities firm with a successful track record in trial and appellate courts, including the U.S. Supreme Court.
No one is above the law. If you own common stock in the above listed company and have concerns or wish to obtain additional information free of charge, please visit our website or contact Juan Monteverde, Esq. either via e-mail at [email protected] or by telephone at (212) 971-1341.
Contact:
Juan Monteverde, Esq.
MONTEVERDE & ASSOCIATES PC
The Empire State Building
350 Fifth Ave. Suite 4740
New York, NY 10118
United States of America
[email protected]
Tel: (212) 971-1341
Attorney Advertising. (C) 2026 Monteverde & Associates PC. The law firm responsible for this advertisement is Monteverde & Associates PC (www.monteverdelaw.com). Prior results do not guarantee a similar outcome with respect to any future matter.
Here are three stocks with buy rank and strong income characteristics for investors to consider today, July 16:
T. Rowe Price Group, Inc. (TROW - Free Report) : This investment management firm has witnessed the Zacks Consensus Estimate for its current year earnings increasing 4.3% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 4.5%, compared with the industry average of 2.8%.
First Hawaiian, Inc. (FHB - Free Report) : This bank holding company has witnessed the Zacks Consensus Estimate for its current year earnings increasing 1.7% the last 60 days.
This Zacks Rank #1 company has a dividend yield of 3.7%, compared with the industry average of 2.5%.
One Liberty Properties, Inc. (OLP - Free Report) : This real estate investment trust has witnessed the Zacks Consensus Estimate for its current year earnings increasing 0.5% in the last 60 days.
This Zacks Rank #1 company has a dividend yield of 7.4%, compared with the industry average of 4.0%.
See the full list of top ranked stocks here.
Find more top income stocks with some of our great premium screens.
NEW YORK & NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of TriCo Bancshares (NasdaqGS: TCBK) to First Hawaiian, Inc. (NasdaqGS: FHB). Under the terms of the proposed transaction, shareholders of TriCo will receive 2.095 First Hawaiian shares for each share of TriCo that they own. Upon closing of the Proposed Transaction, TriCo shareholders are expected to ow.
First Hawaiian, Inc. (FHB) M&A Call July 13, 2026 8:30 AM EDT
Company Participants
Kevin Haseyama - Strategic Planning & Investor Relations Manager
Robert Harrison - Chairman of the Board, President & CEO
Richard Smith - Chairman, President & CEO
James Moses - Vice Chairman of Finance Group & CFO
Conference Call Participants
Jared David Shaw - Barclays Bank PLC, Research Division
David Feaster - Raymond James & Associates, Inc., Research Division
Kelly Motta - Keefe, Bruyette, & Woods, Inc., Research Division
Andrew Terrell - Stephens Inc., Research Division
Anthony Elian - JPMorgan Chase & Co, Research Division
Matthew Clark - Piper Sandler & Co., Research Division
Jeff Rulis - D.A. Davidson & Co., Research Division
Brandon Berman - BofA Securities, Research Division
Andrew Liesch
Presentation
Operator
Good day, and thank you for standing by. Welcome to the First Hawaiian Bank Investor Call. [Operator Instructions] Please be advised that today's conference is being recorded. I'd now like to hand the conference over to Kevin Haseyama, Investor Relations Manager. Please go ahead.
Kevin Haseyama
Strategic Planning & Investor Relations Manager
Thank you. Good morning, everyone, and thank you for joining us on short notice. Earlier today, First Hawaiian and TriCo Bancshares announced that they have entered into a definitive agreement to combine in an all-stock transaction. With me today is Bob Harrison, Chairman, President and CEO of First Hawaiian; Jamie Moses, Chief Financial Officer of First Hawaiian; and Rick Smith, Chairman, President and CEO of TriCo Bancshares.
We have prepared a slide presentation we will refer to in our remarks today. The presentation is available for downloading and viewing on our website at fhb.com in the Investor Relations section. During today's call, we will be making forward-looking statements. Please refer to the forward-looking statements on Slide 2 of the presentation as well as the additional information on Slide 3 and in the joint press
First Hawaiian, Inc. (NASDAQ:FHB) has agreed to acquire TriCo Bancshares (NASDAQ:TCBK), a combination the bank said will create the leading Pacific banking franchise and accelerate its expansion on the US mainland.
First Hawaiian described the transaction as a strategic step that pairs two deposit-focused banking platforms, extending its reach beyond its core Hawaii market into TriCo's California footprint.
First Hawaiian, the holding company for First Hawaiian Bank, is the largest financial institution headquartered in Hawaii, with a franchise built on retail and commercial deposits across the islands.
TriCo Bancshares is the parent of Tri Counties Bank, a community-focused lender operating across Northern and Central California.
The pairing of deposit platforms sits at the core of the rationale, as low-cost deposits underpin a bank's funding and lending capacity.
Shares of First Hawaiian dropped 4.2% on Monday morning while TriCo Bancshares was up nearly 11%.
First Hawaiian, Inc. (NASDAQ:FHB) has agreed to acquire TriCo Bancshares (NASDAQ:TCBK), a combination the bank said will create the leading Pacific banking franchise and accelerate its expansion on the US mainland.
First Hawaiian described the transaction as a strategic step that pairs two deposit-focused banking platforms, extending its reach beyond its core Hawaii market into TriCo's California footprint.
First Hawaiian, the holding company for First Hawaiian Bank, is the largest financial institution headquartered in Hawaii, with a franchise built on retail and commercial deposits across the islands.
TriCo Bancshares is the parent of Tri Counties Bank, a community-focused lender operating across Northern and Central California.
The pairing of deposit platforms sits at the core of the rationale, as low-cost deposits underpin a bank's funding and lending capacity.
Shares of First Hawaiian dropped 4.2% on Monday morning while TriCo Bancshares was up nearly 11%.
First Hawaiian and TriCo Bancshares NASDAQ: TCBK announced a definitive agreement to combine in an all-stock transaction that executives said would create a larger Pacific and West Coast banking franchise with approximately $34 billion in assets.
On an investor call discussing the deal, First Hawaiian Chairman, President and CEO Bob Harrison described TriCo as “the ideal partner” and said the transaction would extend First Hawaiian’s strategy in California while maintaining its commitment to Hawaiʻi.
“Hawaiʻi remains the foundation of our franchise, and we will continue to be central to our identity,” Harrison said. He added that the transaction is expected to strengthen First Hawaiian through greater diversification, additional growth opportunities and capital generation.
Get TriCo Bancshares alerts:
Deal Terms and Ownership First Hawaiian Chief Financial Officer Jamie Moses said TriCo shareholders will receive 2.095 shares of First Hawaiian common stock for each share of TriCo common stock under a fixed exchange ratio agreement. The transaction is structured as 100% common stock consideration.
Based on First Hawaiian’s closing price as of July 10, 2026, Moses said the deal represents approximately $2 billion in aggregate transaction value. At closing, First Hawaiian shareholders are expected to own about 65% of the combined company, while TriCo shareholders are expected to own about 35%.
The combined company is expected to have approximately $34 billion of assets, $22 billion of loans, $29 billion of deposits and 117 branches, according to Harrison.
Moses said the transaction is priced at 1.98 times tangible book value and 14.4 times 2027 earnings, or 10.7 times fully synergized earnings assuming expected cost savings of 25%.
The transaction remains subject to shareholder and regulatory approvals, and executives said they expect it to close in the fourth quarter of this year.
Tri Counties Bank Brand to Remain in California TriCo Chairman, President and CEO Rick Smith said Tri Counties Bank has spent more than 50 years building relationships with customers and communities across California. He said the company had evaluated a range of strategic options, including acquisitions where it could have been either buyer or seller.
“Any partnership with another financial institution had to be the right fit,” Smith said. He cited shared values between TriCo and First Hawaiian, including relationship banking, disciplined credit culture, low-cost core deposits and community commitment.
Moses said Tri Counties Bank will retain its brand in California, and the companies do not anticipate any branch closures. Four TriCo directors, including Smith, are expected to join the First Hawaiian board. Smith will also serve as an advisor to the CEO, with additional senior leadership roles planned for Dan Bailey and Peter Weiss.
Smith said retaining the institution’s identity and branch network was important for employee retention and continuity. Harrison said First Hawaiian does not have a management team intended to replace TriCo’s leadership and emphasized the importance of keeping TriCo’s team in place.
California Expansion and Deposit Franchise Harrison said First Hawaiian has operated in California for decades, beginning lending there in 1995. He said nearly a quarter of First Hawaiian’s loan portfolio is currently based on the mainland, but the company has lacked a branch network to expand client relationships and offer a full suite of products since its separation from Bank of the West.
The transaction gives First Hawaiian a larger retail footprint in California, including TriCo’s network throughout Northern California and the Central Valley, as well as offices in three major Southern California markets.
Harrison said California represents a substantial opportunity, describing it as the world’s fourth-largest economy by GDP. He said the deal adds scale, local leadership and retail funding in markets where First Hawaiian already has experience.
Executives also emphasized the combined company’s deposit profile. Harrison said both banks have maintained meaningful cost-of-deposit advantages relative to the broader banking industry. On a combined basis, he said the company is expected to have top-decile deposit costs, no brokered balances and excess liquidity.
In response to an analyst question, Moses said the combined company does not expect to change its deposit pricing approach. “Both of us are relationship based in how we do things, and that’s been part of our ability to be able to maintain this type of deposit franchise,” he said.
Financial Targets and Integration Plans Moses said the transaction is expected to generate 6% earnings per share accretion, a high-teens internal rate of return, less than 5% tangible book value per share dilution and a 2.8-year earnback period. He said the pro forma common equity Tier 1 ratio is expected to be 12.4%.
Executives said the financial projections do not rely on branch closures or modeled revenue synergies. Moses said the 25% cost savings target is expected to come from areas such as information technology contracts and vendor consolidation.
Harrison said the near-term priority will be integration, regulatory approvals and shareholder approvals. He said First Hawaiian completed a core conversion in recent years and learned from that process, while Smith said TriCo has experience integrating prior transactions.
Analysts asked whether the larger balance sheet would change the company’s lending risk profile. Harrison said the company is not seeking to change its risk profile, adding that the rationale for the deal is not based on taking larger risks. Smith said the transaction provides “more scale and mass” and the ability to do more volume, “not necessarily bigger deals.”
Capital Deployment and Preliminary Results Moses said the combined company is expected to generate more than $325 million of capital annually after closing. Harrison said First Hawaiian’s first priority for capital will be supporting organic growth, followed by maintaining its dividend profile and considering opportunistic share repurchases.
The company’s model assumes no share repurchases through 2027, Moses said, though he added that First Hawaiian retains flexibility to buy back shares.
Harrison also briefly addressed First Hawaiian’s preliminary second-quarter 2026 results, saying the company had “strong results” with solid profitability, continued net interest margin expansion and tangible book value per share growth. He said the company plans to discuss its second-quarter results in more detail on July 24.
About TriCo Bancshares NASDAQ: TCBKTriCo Bancshares, Inc is the bank holding company for Tri Counties Bank, a community-oriented financial institution headquartered in Chico, California. Through its wholly owned subsidiary, the company provides a comprehensive range of banking and financial services to individuals, small businesses, and commercial clients. Offering a full suite of deposit accounts, lending solutions and digital banking tools, TriCo Bancshares combines personalized service with modern technology to meet the evolving needs of its customers.
The company's core products and services include commercial and consumer lending, deposit and cash management solutions, mortgage banking, and agricultural financing.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in TriCo Bancshares Right Now?Before you consider TriCo Bancshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TriCo Bancshares wasn't on the list.
While TriCo Bancshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
The AI boom is creating opportunities across semiconductors, cloud computing, enterprise software, infrastructure, cybersecurity, and automation.
Inside this report, you’ll find 10 companies positioned to benefit as artificial intelligence moves from hype to real-world deployment and becomes a core growth driver for corporate America.
Insiders may stand to receive substantial financial benefits not available to ordinary shareholders.
The proposed transaction may contain terms that could limit superior competing offers.
Shareholders are encouraged to contact the firm to discuss their rights and options at no cost or obligation. We would handle any matter on a contingent fee basis, whereby you would not be responsible for out-of-pocket payment of our legal fees or expenses.
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating the merger of First Hawaiian, Inc. (NASDAQ: FHB) with TriCo Bancshares. Upon closing of the proposed transaction, First Hawaiian shareholders are expected to own approximately 65% of the combined company.
Halper Sadeh encourages First Hawaiian shareholders to click here to learn more about their rights and options or contact Daniel Sadeh or Zachary Halper free of charge at (212) 763-0060 or [email protected] or [email protected].
The investigation concerns whether First Hawaiian and its board of directors violated the federal securities laws and/or breached their fiduciary duties by failing to: (1) obtain the best possible price for First Hawaiian shareholders; (2) conduct a fair sales process free of any conflicts of interests; and (3) disclose all material information for First Hawaiian shareholders to evaluate the transaction.
On behalf of shareholders, Halper Sadeh LLC may seek increased consideration, additional disclosures, or other relief and benefits.
Halper Sadeh LLC represents investors all over the world who have fallen victim to securities fraud and corporate misconduct. Our attorneys have been instrumental in implementing corporate reforms and recovering millions of dollars on behalf of defrauded investors.
Attorney Advertising. Prior results do not guarantee a similar outcome.
First Hawaiian NASDAQ: FHB and TriCo Bancshares have entered into a definitive agreement to combine in a 100% stock transaction valued at approximately $2 billion, according to remarks made on an investor call led by executives from both companies.
Bob Harrison, chairman, president and chief executive officer of First Hawaiian, said the transaction would create what he called “the leading Pacific banking franchise,” combining First Hawaiian’s Hawaii-based franchise and mainland lending experience with TriCo’s California retail banking network.
“This combination creates the leading Pacific banking franchise that is well-positioned to capture the growth opportunities in California and broader West Coast,” Harrison said.
Get First Hawaiian alerts:
TriCo shareholders will receive 2.095 shares of First Hawaiian common stock for each share of TriCo common stock, First Hawaiian Chief Financial Officer Jamie Moses said. Based on First Hawaiian’s closing stock price as of July 10, 2026, the transaction represents about $2 billion in aggregate value.
At closing, First Hawaiian shareholders are expected to own approximately 65% of the combined company, while TriCo shareholders are expected to own approximately 35%. The companies expect the deal to close in the fourth quarter, subject to shareholder and regulatory approvals.
Combined Bank to Have $34 Billion in Assets Harrison said the combined company will have approximately $34 billion in assets, $22 billion in loans, $29 billion in deposits and 117 branches. He emphasized that First Hawaiian’s Hawaii franchise would remain central to the company’s identity.
“This partnership does not change our commitment to Hawaii,” Harrison said. “Hawaii remains the foundation of our franchise, and we will continue to be central to our identity.”
TriCo Bancshares, through Tri Counties Bank, operates a retail network across Northern California and the Central Valley, along with additional banking offices in three Southern California markets. Harrison said TriCo brings a differentiated deposit franchise, local leadership and credit discipline that align with First Hawaiian’s culture.
Rick Smith, chairman, president and chief executive officer of TriCo Bancshares, said the two companies share similar values, including relationship banking, disciplined credit and commitment to local communities.
“That cultural alignment gives me real confidence that First Hawaiian is the right banking partner for Tri Counties Bank,” Smith said.
Tri Counties Bank Brand to Remain in California Moses said Tri Counties Bank will retain its brand in California and that the companies do not anticipate any branch closures. Four TriCo directors, including Smith, are expected to join the First Hawaiian board. Smith will also serve as an adviser to the CEO, and TriCo executives Dan Bailey and Peter Wiese are expected to take senior leadership roles.
During the question-and-answer session, Smith said keeping the institution intact and avoiding branch closures should help with employee retention. Harrison added that First Hawaiian was seeking a partner with a strong management team that wanted to remain with the organization.
“We don’t have a management team to replace them with,” Harrison said. “Want to make real sure that we found the right partner, as we have with TriCo, for that reason.”
Financial Targets Include EPS Accretion and Cost Savings Moses said the transaction is priced at 1.98 times tangible book value and 14.4 times 2027 earnings, or 10.7 times fully synergized earnings based on expected cost savings of 25%.
First Hawaiian expects the deal to produce 6% earnings-per-share accretion, a high-teens internal rate of return, tangible book value dilution of less than 5% and an earnback period of 2.8 years. Moses said the combined company’s pro forma CET1 ratio is expected to be 12.4%.
Importantly, Moses said the financial metrics do not rely on branch closures or modeled revenue synergies. In response to an analyst question, he said the 25% cost savings assumption is expected to come from areas including information technology contracts and vendor consolidation.
“We’re confident we can get to a 25% number,” Moses said. “We think that’s very doable.”
Moses also said the model assumes no share repurchases through 2027, though First Hawaiian retains flexibility to buy back shares.
Executives Emphasize Deposit Strength and Credit Discipline Executives repeatedly highlighted the deposit franchises of both banks. Harrison said the combined company is expected to have top-decile deposit costs, no brokered balances and excess liquidity. Moses said TriCo’s liability-sensitive balance sheet should help reduce First Hawaiian’s asset sensitivity from an asset-liability management perspective.
In the Q&A session, Harrison and Smith said the combination is not intended to change the combined bank’s risk profile. Harrison said the near-term focus will be on integration, though the larger balance sheet could provide additional flexibility over time.
“We’re not really looking to change our risk profile at this time,” Harrison said. “We’ve got two very good operating banks.”
Smith said the deal provides greater scale and capacity, but not necessarily a shift toward larger or riskier lending.
“This just gives us the ability to have more scale and mass and do more volume, not necessarily bigger deals,” Smith said.
Harrison also said the companies have no current plans to prune legacy assets or loan portfolios at either First Hawaiian or TriCo. Moses said any future balance sheet optimization strategies were not included in the pro forma financial targets.
Integration and Growth Outlook Harrison said First Hawaiian has operated in California lending since 1995 and that nearly a quarter of its loan portfolio is currently based on the mainland. He said the company has lacked a branch network since its separation from Bank of the West, making TriCo’s California footprint strategically important.
Asked about integration risks, Harrison said First Hawaiian has experience with a recent core conversion, while Smith noted that TriCo has a track record of integrating prior acquisitions. Harrison said the companies will work with technology partners to determine the timing of a systems conversion after required approvals.
On growth, executives said the deal model is based on historical growth rates rather than aggressive assumptions. Moses said potential revenue synergies, cross-selling opportunities and larger loan holds could be additive but are not built into the model.
Harrison also briefly addressed First Hawaiian’s preliminary second-quarter 2026 results, describing them as strong, with solid profitability, continued net interest margin expansion and tangible book value per share growth. He said the company plans a more detailed second-quarter earnings discussion on July 24.
About First Hawaiian NASDAQ: FHBFirst Hawaiian, Inc is the oldest and largest bank in Hawaii, operating as the bank holding company for First Hawaiian Bank. Established in 1858, the company offers a full suite of financial services to individual, business and institutional clients. Its product portfolio includes consumer and commercial lending, deposit accounts, treasury and cash management, foreign exchange and trade finance, as well as wealth management and trust services.
First Hawaiian serves customers through an extensive network of branches, ATMs and digital channels across the Hawaiian Islands, Guam, Saipan and American Samoa.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
Should You Invest $1,000 in First Hawaiian Right Now?Before you consider First Hawaiian, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and First Hawaiian wasn't on the list.
While First Hawaiian currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
HONOLULU and CHICO, Calif., July 13, 2026 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB) ("First Hawaiian"), parent company of First Hawaiian Bank, and TriCo Bancshares (NASDAQ: TCBK) ("TriCo"), parent company of Tri Counties Bank, today announced they have entered into a definitive agreement pursuant to which First Hawaiian will acquire TriCo in an all-stock transaction.
This partnership combines two culturally aligned, relationship-driven banking franchises with attractive deposit bases, disciplined credit cultures and deep local market positions. On a combined basis, the company will have approximately $34 billion of assets and be the 6th largest bank headquartered in the Western U.S. This partnership will increase First Hawaiian’s presence on the mainland and offer customers the full suite of banking capabilities and expand the combined bank’s market areas to include a more diverse geography. The combined bank is expected to leverage its strong capital position, liquidity profile and credit quality to deliver enhanced earnings and generate long-term value to shareholders.
“This partnership creates a broader platform for long-term growth,” said Bob Harrison, Chairman, President and CEO of First Hawaiian. “TriCo is an ideal partner to execute this next phase of our growth: a well-managed, relationship-focused bank in California with a strong deposit franchise, disciplined credit culture, experienced local leadership and deep commitment to its communities. Together, we will preserve what has made both companies successful while creating a stronger and more diversified bank. I could not be more excited to partner with TriCo.”
“TriCo has built its franchise around long-term customer relationships, local decision-making and a commitment to the communities we serve,” said Rick Smith, Chairman, President and CEO of TriCo. “First Hawaiian shares those values and brings the scale, capital strength and broader product capabilities to help us do even more for our customers and communities. We are excited for our employees and shareholders to participate in the future of the combined company, and we look forward to working closely with Bob and the First Hawaiian team.”
Pursuant to the terms of the agreement, TriCo’s shareholders will receive 2.095 First Hawaiian shares for each TriCo share, representing $63.12 per share as of First Hawaiian’s closing stock price on July 10, 2026. Upon closing of the transaction, First Hawaiian and TriCo shareholders are expected to own approximately 65% and 35%, respectively, of the combined company. Four current TriCo directors, including Rick Smith, will join the First Hawaiian and First Hawaiian Bank Boards of Directors, with the remaining three to be mutually agreed upon by First Hawaiian and TriCo prior to the closing. To ensure business and client continuity, leadership will include representation from both organizations and First Hawaiian will retain Tri Counties Bank branding on the mainland. There are no expected branch closings associated with the transaction and TriCo’s commitment to its communities is not expected to change.
The Boards of Directors of First Hawaiian and TriCo unanimously approved the definitive agreement and the parties expect to close the transaction by the end of 2026, subject to the receipt of required regulatory approvals, approval by First Hawaiian and TriCo shareholders and the satisfaction of customary closing conditions.
Second Quarter 2026 Financial Highlights
The announcement precedes First Hawaiian’s release of its financial results for the second quarter ended June 30, 2026. The following are key highlights of the results the company expects to report on July 24, 2026:
Continued earnings growth, with net income of $73.4 million and diluted EPS of $0.60, compared to net income of $67.8 million and diluted EPS of $0.55 in the prior quarterCost of deposits improved 2 basis points to 1.20% from 1.22% in the prior quarterNet interest margin expanded by 6 bps QoQ to 3.25%Return on average assets improved to 1.23%, up 9 bps from 1.14% in the prior quarterReturn on average tangible common equity of 16.3%, compared to 15.3% in the prior quarter*Gross loans increased to $14.6 billion, compared to $14.4 billion in the prior quarterBook value per share increased to $23.22, up from $22.75 in the prior quarterTangible book value per share of $15.04, reflecting 3% QoQ growth* * Return on average tangible common equity and tangible book value per share are non-GAAP financial measures. Refer to the appendix to the investor presentation furnished by FHI as an exhibit to Form 8-K with the U.S. Securities and Exchange Commission on the date of this release for further information, including a reconciliation of those measures to the comparable GAAP measurements.
These preliminary results are estimates based on information available to management of FHI as of the date of this release and are subject to change upon completion of FHI's standard closing procedures and review by its independent registered public accounting firm. As a result, there can be no assurance that FHI's final results will not differ from these preliminary estimates.
Advisors
Evercore served as financial advisor and Sullivan & Cromwell LLP served as legal counsel to First Hawaiian.
Keefe, Bruyette & Woods, A Stifel Company served as financial advisor and Holland & Knight LLP served as legal counsel to TriCo.
Conference Call Information
First Hawaiian and TriCo will host a conference call today to discuss the transaction at 8:30 a.m. Eastern Time, 5:30 a.m. Pacific Time and 2:30 a.m. Hawaii Time.
To access the call by phone, please register via the following link: https://register-conf.media-server.com/register/BI2891c10b1f314068b969f7a768bfea65, and you will be provided with dial in details. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
A live webcast of the conference call, including a slide presentation, will be available at the following link: https://edge.media-server.com/mmc/p/zk2u4mjj. The archive of the webcast will be available at the same location.
First Hawaiian, Inc.
First Hawaiian, Inc. (NASDAQ: FHB) is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii’s oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels. For more information about First Hawaiian, Inc., visit the Company’s website, www.fhb.com.
TriCo Bancshares
Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK) headquartered in Chico, California, providing services in traditional stand-alone and in-store bank branches and loan production offices in communities throughout California. Tri Counties Bank provides an extensive and competitive breadth of consumer, small business and commercial banking financial services, along with convenient around-the-clock ATMs, online and mobile banking access. Brokerage services are provided by Tri Counties Advisors through affiliation with Raymond James Financial Services, Inc. Visit www.TriCountiesBank.com to learn more.
Forward-Looking Statements
This communication may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, including, among others, statements regarding the expected timing, completion and effects of the proposed business combination transaction between First Hawaiian, Inc. (“FHI”) and TriCo Bancshares (“TriCo”) (the “Transaction”), and the plans, objectives, expectations and intentions of FHI and TriCo. Any statement that does not describe historical or current facts is a forward-looking statement. Forward-looking statements are often, but not always, made through the use of words or phrases such as “annualized,” “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “goal,” “intend,” “may,” “might,” “outlook,” “plan,” “potential,” “predict,” “projection,” “seek,” “should,” “target,” “will,” “would” or the negative version of those words or other comparable words or phrases of a future or forward-looking nature.
FHI and TriCo caution that the forward-looking statements in this communication are not guarantees of future performance and involve a number of known and unknown risks, uncertainties and assumptions that are difficult to assess and are subject to change based on factors which are, in many instances, beyond FHI’s and TriCo’s control. A number of important factors could cause actual results to differ materially from those indicated in these forward-looking statements, including the following: changes in general economic, political, or industry conditions, and in conditions impacting the banking industry specifically; uncertainty in U.S. fiscal, monetary and trade policy, including the interest rate policies of the Federal Reserve Board or the effects of any declines in housing and commercial real estate prices, high or increasing unemployment rates, continued or renewed inflation, the impact of proposed or imposed tariffs by the U.S. government or retaliatory tariffs proposed or imposed by U.S. trading partners that could have an adverse impact on customers or any recession or slowdown in economic growth particularly in the markets in which FHI and TriCo conduct business, including Hawaii, Guam, Saipan and California; volatility and disruptions in global capital and credit markets; the impact of bank failures or adverse developments at other banks on general investor sentiment regarding the stability and liquidity of banks; changes in interest rates that could significantly reduce net interest income and negatively affect asset yields and valuations and funding sources, including impacts on prepayment speeds; competitive pressures among financial institutions and nontraditional providers of financial services, including on product pricing and services; concentrations within FHI’s or TriCo’s loan portfolio (including commercial real estate loans) or other asset classes, and the parties’ ability to attract and retain customer deposits, large loans to certain borrowers, access liquidity and capital, and manage deposit costs and funding sources; the success, impact, and timing of FHI’s and TriCo’s respective business strategies, including market acceptance of any new products or services and FHI’s and TriCo’s ability to successfully implement strategic, operational, technology and integration initiatives; the failure to properly use and protect customer and employee information and data; cybersecurity risks, including the occurrence of fraudulent activity or a material breach of, or disruption to, the security of FHI’s, TriCo’s or their vendors’ systems; risks related to the development, implementation, use and management of artificial intelligence and other emerging technologies; the effects of failures or interruptions of information, communications or third-party service-provider systems; the nature, extent, timing, and results of governmental actions, examinations, reviews, reforms, regulations, and interpretations; changes in laws or regulations; adverse weather conditions, natural disasters and other catastrophic events such as wildfires; the occurrence of any event, change or other circumstances that could give rise to the right of one or both of the parties to terminate the merger agreement to which FHI and TriCo are parties; the outcome of any legal proceedings that may be instituted against FHI or TriCo, including potential litigation relating to the Transaction; delays in completing the Transaction; the failure to obtain necessary regulatory approvals (and the risk that such approvals may result in the imposition of conditions that could adversely affect the combined company or the expected benefits of the Transaction); the failure to obtain stockholder or shareholder approvals, as applicable, or to satisfy any of the other conditions to the closing of the Transaction on a timely basis or at all; changes in FHI’s or TriCo’s share price before closing, including as a result of the financial performance of the other party prior to closing, or more generally due to broader stock market movements, and the performance of financial companies and peer group companies; the possibility that the anticipated benefits of the Transaction are not realized when expected or at all, including as a result of the impact of, or problems arising from, the integration of the two companies or as a result of the strength of the economy and competitive factors in the areas where FHI and TriCo do business; certain restrictions during the pendency of the proposed Transaction that may impact the parties’ ability to pursue certain business opportunities or strategic Transactions; the possibility that the Transaction may be more expensive to complete than anticipated, including as a result of unexpected factors or events; diversion of management’s attention from ongoing business operations and opportunities; potential adverse reactions or changes to business or employee relationships, including those resulting from the announcement or completion of the Transaction; the ability to complete the Transaction and integration of FHI and TriCo promptly and successfully; the dilution caused by FHI’s issuance of additional shares of its capital stock in connection with the Transaction; and other factors that may affect the future results of FHI and TriCo.
The foregoing factors should not be considered an exhaustive list and should be read together with the other cautionary statements set forth in FHI’s Annual Report on Form 10-K for the year ended December 31, 2025 and its latest Quarterly Report on Form 10-Q, which are on file with the Securities and Exchange Commission (the “SEC”) and available on FHI’s investor relations website, https://ir.fhb.com, under the heading “SEC Filings,” and in other documents FHI files with the SEC, and in TriCo’s Annual Report on Form 10-K for the year ended December 31, 2025 and its latest Quarterly Report on Form 10-Q, which are on file with the SEC and available on TriCo’s website, www.tcbk.com, under the “About” tab and the “Investor Relations” link and then under the heading “SEC Filings” and in other documents TriCo files with the SEC. If one or more events related to these or other risks or uncertainties materialize, or if our underlying assumptions prove to be incorrect, actual results may differ materially from what we anticipate. Accordingly, you should not place undue reliance on any such forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and neither FHI nor TriCo undertakes any obligation to update any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by applicable law.
Important Additional Information and Where to Find It
In connection with the proposed Transaction, FHI will file with the SEC a Registration Statement on Form S-4 that will include a Joint Proxy Statement of FHI and TriCo and a Prospectus of FHI, as well as other relevant documents concerning the Transaction. Certain matters in respect of the Transaction involving FHI and TriCo will be submitted to FHI’s stockholders and TriCo’s shareholders, as applicable, for their consideration.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities, in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. INVESTORS, FHI STOCKHOLDERS AND TRICO SHAREHOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND THE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION WHEN THEY BECOME AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC IN CONNECTION WITH THE TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION.
Stockholders or shareholders, as applicable, will be able to obtain a free copy of the definitive joint proxy statement/prospectus, as well as other filings containing information about the Transaction, FHI and TriCo, without charge, at the SEC’s website, www.sec.gov. Copies of the joint proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the joint proxy statement/prospectus can also be obtained, without charge, by directing a request to First Hawaiian, Inc., Attention: Secretary, 999 Bishop Street, Honolulu, HI 96813, (808) 525-7000 or to TriCo Bancshares, Attention: Shareholder Services, 63 Constitution Drive, Chico, CA 95973, (530) 898-0300.
Participants in the Solicitation
FHI, TriCo, and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from FHI stockholders or TriCo shareholders in connection with the Transaction under the rules of the SEC. Information regarding FHI's directors and executive officers is available in the sections entitled “Directors, Executive Officers and Corporate Governance” and “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters” in FHI's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on February 27, 2026 (available at https://www.sec.gov/ix?doc=/Archives/edgar/data/36377/000110465926021544/fhb-20251231x10k.htm); in the sections entitled “Corporate Governance and Board Matters,” “Compensation Discussion and Analysis,” “Executive Compensation Tables,” “Biographies of Executive Officers” and “Security Ownership of Certain Beneficial Owners, Directors and Management” in FHI's definitive proxy statement relating to its 2026 Annual Meeting of Stockholders, which was filed with the SEC on March 12, 2026 (available at https://www.sec.gov/ix?doc=/Archives/edgar/data/36377/000110465926026700/tm2532317-1_def14a.htm); and other documents filed by FHI with the SEC. Information regarding TriCo's directors and executive officers is available in the sections entitled “Directors, Executive Officers and Corporate Governance” and “Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters;” in TriCo's Annual Report on Form 10-K for the fiscal year ended December 31, 2025, which was filed with the SEC on March 2, 2026 (available at https://www.sec.gov/ix?doc=/Archives/edgar/data/356171/000035617126000010/tcbk-20251231.htm); in the sections entitled “Board of Directors,” “Corporate Governance, Board Nominations and Board Committees,” “Compensation of Directors,” “Ownership of Voting Securities,” “Compensation Discussion and Analysis” and “Compensation of Named Executive Officers” in TriCo's definitive proxy statement relating to its 2026 Annual Meeting of Shareholders, which was filed with the SEC on April 17, 2026 (available at https://www.sec.gov/ix?doc=/Archives/edgar/data/356171/000035617126000033/tcbk-20260417.htm); and other documents filed by TriCo with the SEC. To the extent holdings of FHI common stock by the directors and executive officers of FHI or holdings of TriCo common stock by directors and executive officers of TriCo have changed from the amounts held by such persons as reflected in the documents described above, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the joint proxy statement/prospectus relating to the Transaction. Free copies of this document, when available, may be obtained as described in the preceding paragraph.
Contacts
First Hawaiian Investor Relations: Kevin Haseyama, CFA, (808) 525-6268, [email protected]
First Hawaiian Media Relations: Bill Weeshoff, (808) 525-6229, [email protected]
TriCo Investor Contact: Peter G. Wiese, (530) 898-0300 [email protected]
July 12, 2026 21:00 ET | Source: First Hawaiian, Inc.
HONOLULU, July 12, 2026 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB) announced today that it plans to release its second quarter 2026 financial results on Friday, July 24, 2026 before the market opens. First Hawaiian will host a conference call to discuss the company’s results on the same day at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time).
To access the call by phone, participants will need to click on the following registration link: https://register-conf.media-server.com/register/BIb8e318d9b8d24417b3d7d113fcf80dbc, register for the conference call, and then you will receive the dial-in number and a personalized PIN code. To avoid delays, we encourage participants to dial into the conference call fifteen minutes ahead of the scheduled start time.
A live webcast of the conference call, including a slide presentation, will be available at the following link: www.fhb.com/earnings. The archive of the webcast will be available at the same location.
About First Hawaiian
First Hawaiian, Inc. (NASDAQ:FHB) is a bank holding company headquartered in Honolulu, Hawaii. Its principal subsidiary, First Hawaiian Bank, founded in 1858 under the name Bishop & Company, is Hawaii’s oldest and largest financial institution with branch locations throughout Hawaii, Guam and Saipan. The company offers a comprehensive suite of banking services to consumer and commercial customers including deposit products, loans, wealth management, insurance, trust, retirement planning, credit card and merchant processing services. Customers may also access their accounts through ATMs, online and mobile banking channels. For more information about First Hawaiian, Inc., visit www.fhb.com.
Investor Relations Contact:
Kevin Haseyama
(808) 525-6268 [email protected]
Shares of First Hawaiian (FHB - Free Report) have been strong performers lately, with the stock up 9.5% over the past month. The stock hit a new 52-week high of $29.63 in the previous session. First Hawaiian has gained 16.8% since the start of the year compared to the 3.4% move for the Zacks Finance sector and the 14.4% return for the Zacks Banks - West industry.
What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on April 24, 2026, First Hawaiian reported EPS of $0.55 versus consensus estimate of $0.53.
For the current fiscal year, First Hawaiian is expected to post earnings of $2.33 per share on $914.22 in revenues. This represents a 5.91% change in EPS on a 3.8% change in revenues. For the next fiscal year, the company is expected to earn $2.46 per share on $948.26 in revenues. This represents a year-over-year change of 5.49% and 3.72%, respectively.
Valuation MetricsThough First Hawaiian has recently hit a 52-week high, what is next for First Hawaiian? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). The individual style scores for Value, Growth, Momentum and the combined VGM Score run from A through F. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
First Hawaiian has a Value Score of B. The stock's Growth and Momentum Scores are C and C, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 12.7X current fiscal year EPS estimates, which is a premium to the peer industry average of 11.8X. On a trailing cash flow basis, the stock currently trades at 11.8X versus its peer group's average of 12X. Additionally, the stock has a PEG ratio of 2.18. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks RankWe also need to look at the Zacks Rank for the stock, as this is even more important than the company's VGM Score. Fortunately, First Hawaiian currently has a Zacks Rank of #2 (Buy) thanks to a solid earnings estimate revision trend.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if First Hawaiian passes the test. Thus, it seems as though First Hawaiian shares could have potential in the weeks and months to come.
How Does FHB Stack Up to the Competition?Shares of FHB have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is RBB Bancorp (RBB - Free Report) . RBB has a Zacks Rank of #2 (Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of A.
Earnings were strong last quarter. RBB Bancorp beat our consensus estimate by 46.67%, and for the current fiscal year, RBB is expected to post earnings of $2.36 per share on revenue of $136.68 million.
Shares of RBB Bancorp have gained 13.1% over the past month, and currently trade at a forward P/E of 11.48X and a P/CF of 11.55X.
The Banks - West industry may rank in the bottom 68% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for FHB and RBB, even beyond their own solid fundamental situation.
First Hawaiian (NASDAQ: FHB - Get Free Report) and California First Leasing (OTCMKTS:CFNB - Get Free Report) are both finance companies, but which is the superior stock? We will contrast the two businesses based on the strength of their valuation, risk, institutional ownership, dividends, profitability, analyst recommendations and earnings. Profitability This table compares First Hawaiian and
HONOLULU, April 03, 2026 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ: FHB) announced today that it plans to release its first quarter 2026 financial results on Friday, April 24, 2026 before the market opens. First Hawaiian will host a conference call to discuss the company's results on the same day at 1:00 p.m. Eastern Time (7:00 a.m. Hawaii Time).
SG Americas Securities LLC increased its position in First Hawaiian, Inc. (NASDAQ: FHB) by 409.2% during the undefined quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,506 shares of the bank's stock after purchasing an additional 71,927 shares during the quarter.
Bayforest Capital Ltd lifted its holdings in First Hawaiian, Inc. (NASDAQ: FHB) by 725.7% during the undefined quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 21,229 shares of the bank's stock after buying an additional 18,658 shares during the
HONOLULU, April 24, 2026 (GLOBE NEWSWIRE) -- First Hawaiian, Inc. (NASDAQ:FHB), (“First Hawaiian” or the “Company”) today reported financial results for its quarter ended March 31, 2026.
First Hawaiian (FHB - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.53 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +3.13%. A quarter ago, it was expected that this bank holding company would post earnings of $0.55 per share when it actually produced earnings of $0.56, delivering a surprise of +1.82%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
First Hawaiian, which belongs to the Zacks Banks - West industry, posted revenues of $220.35 million for the quarter ended March 2026, missing the Zacks Consensus Estimate by 0.4%. This compares to year-ago revenues of $211 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Hawaiian shares have added about 6.6% since the beginning of the year versus the S&P 500's gain of 3.8%.
What's Next for First Hawaiian?While First Hawaiian has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Hawaiian was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $223.19 million in revenues for the coming quarter and $2.23 on $901.59 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Avidbank Holdings Inc. (AVBH - Free Report) , is yet to report results for the quarter ended March 2026. The results are expected to be released on April 27.
This company is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +12.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Avidbank Holdings Inc.'s revenues are expected to be $28.2 million, up 37.4% from the year-ago quarter.
For the quarter ended March 2026, First Hawaiian (FHB - Free Report) reported revenue of $220.35 million, up 4.4% over the same period last year. EPS came in at $0.55, compared to $0.47 in the year-ago quarter.
The reported revenue represents a surprise of -0.4% over the Zacks Consensus Estimate of $221.24 million. With the consensus EPS estimate being $0.53, the EPS surprise was +3.13%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how First Hawaiian performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net charge-offs: 0.1% versus 0.2% estimated by four analysts on average.Total Non-Performing Assets: $39.68 million versus the four-analyst average estimate of $43.53 million.Net interest margin: 3.2% compared to the 3.2% average estimate based on four analysts.Efficiency Ratio: 57.8% compared to the 58.4% average estimate based on four analysts.Average Balance - Total Earning Assets: $21.33 billion versus the four-analyst average estimate of $21.2 billion.Total Non-Accrual Loans and Leases: $39.68 million compared to the $42.18 million average estimate based on three analysts.Total Noninterest Income: $52.82 million compared to the $54.7 million average estimate based on four analysts.Net Interest Income (FTE): $168.5 million compared to the $166.81 million average estimate based on four analysts.Net Interest Income: $167.53 million versus $166.26 million estimated by three analysts on average.Service charges on deposit accounts: $8.16 million versus the three-analyst average estimate of $8.11 million.Bank-owned life insurance: $4.09 million compared to the $5.25 million average estimate based on two analysts.Other service charges and fees: $13.78 million versus $13.59 million estimated by two analysts on average.View all Key Company Metrics for First Hawaiian here>>>
Shares of First Hawaiian have returned +9.6% over the past month versus the Zacks S&P 500 composite's +8.1% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
After reaching an important support level, First Hawaiian, Inc. (FHB) could be a good stock pick from a technical perspective. FHB recently experienced a "golden cross" event, which saw its 50-day simple moving average breaking out above its 200-day simple moving average.
Given its asset-sensitive balance sheet, First Hawaiian stands to benefit from the reduced likelihood of interest rate cuts. FHB's capital levels are rebounding toward pre-2022 levels, enabling it to resume meaningful share repurchases and supporting its shareholder yield. At under 12x earnings, FHB offers a high single-digit shareholder yield and trades at a discount to the industry. With a lower-risk loan book, this looks attractive.
