First Hawaiian, Inc. (FHB) Financial Statements (2024 and earlier)

Company Profile

Business Address 999 BISHOP STREET
HONOLULU, HI 96813
State of Incorp. DE
Fiscal Year End December 31
Industry (SIC) 6022 - State Commercial Banks (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments526,6241,258,4691,040,944694,0171,003,6371,034,644
Cash and cash equivalents526,6241,258,4691,040,944694,0171,003,6371,034,644
Debt securities, held-to-maturity, accrued interest, after allowance for credit loss7,500  
Total current assets:534,1241,258,4691,040,944694,0171,003,6371,034,644
Noncurrent Assets
Operating lease, right-of-use asset62,80064,20040,20044,300
Property, plant and equipment280,355318,448322,401316,885304,996289,215
Intangible assets, net (including goodwill)995,492995,4921,006,223995,4921,011,6471,008,688
Goodwill995,492995,492995,492995,492995,492995,492
Intangible assets, net (excluding goodwill)   10,731 16,15513,196
Total noncurrent assets:1,338,6471,378,1401,368,8241,356,6771,316,6431,297,903
Other undisclosed assets22,704,45222,355,80120,253,06318,116,04018,375,39818,216,914
TOTAL ASSETS:24,577,22324,992,41022,662,83120,166,73420,695,67820,549,461
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt75,000 10400,01926 
Total current liabilities:75,000 10400,01926 
Noncurrent Liabilities
Other undisclosed liabilities22,233,21822,335,49819,918,71717,126,45718,170,81318,016,910
Total liabilities:22,308,21822,335,49819,918,72717,526,47618,170,83918,016,910
Equity
Equity, attributable to parent2,269,0052,656,9122,744,1042,640,2582,524,8392,532,551
Common stock1,4101,4061,4021,3991,3971,396
Treasury stock, value(368,031)(354,998)(276,890)(270,141)(132,135)(282)
Additional paid in capital2,538,3362,527,6632,514,0142,503,6772,495,8532,488,643
Accumulated other comprehensive income (loss)(639,254)(121,693)31,604(31,749)(132,195)(96,383)
Retained earnings736,544604,534473,974437,072291,919139,177
Total equity:2,269,0052,656,9122,744,1042,640,2582,524,8392,532,551
TOTAL LIABILITIES AND EQUITY:24,577,22324,992,41022,662,83120,166,73420,695,67820,549,461

Income Statement (P&L) ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues793,074715,475733,114765,935745,311602,415
Net investment income520,736447,901500,951586,187538,928468,496
Financial services revenue133,919
Cost of revenue (1,392) (121,718)(13,800)(22,180)(18,500)
Provision for loan, lease, and other losses (1,392) (121,718)(13,800)(22,180)
Financial services costs(18,500)
Gross profit:791,682715,475611,396752,135723,131583,915
Operating expenses(39,030)(35,456)(34,516)(35,663)(32,143)(205,027)
Other operating income, net
(Noninterest Income, Other Operating Income)
      27,918
Operating income:752,652680,019576,880716,472690,988406,806
Nonoperating income
(Bank Owned Life Insurance Income)
      13,283
Interest and debt expense(49,671)(18,752)(47,025)(105,290)(79,733)(41,964)
Income from continuing operations before equity method investments, income taxes:702,981661,267529,855611,182611,255378,125
Other undisclosed loss from continuing operations before income taxes(351,770)(312,271)(286,131)(229,484)(253,077)(9,770)
Income from continuing operations before income taxes:351,211348,996243,724381,698358,178368,355
Income tax expense(85,526)(83,261)(57,970)(97,306)(93,784)(184,673)
Income from continuing operations:265,685265,735185,754284,392264,394183,682
Income before gain (loss) on sale of properties:265,735185,754284,392264,394183,682
Net income available to common stockholders, diluted:265,685265,735185,754284,392264,394183,682

Comprehensive Income ($ in thousands)

12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:265,685265,735185,754284,392264,394183,682
Comprehensive income:265,685265,735185,754284,392264,394183,682
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(517,561)(153,297)63,353100,446(15,744)(8,372)
Comprehensive income (loss), net of tax, attributable to parent:(251,876)112,438249,107384,838248,650175,310

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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