First Hawaiian, Inc. (FHB) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments1,0416941,0041,0351,052
Cash and cash equivalents1,0416941,0041,0351,052
Total current assets:1,0416941,0041,0351,052
Noncurrent Assets
Operating lease, right-of-use asset4044
Property, plant and equipment322317305289301
Intangible assets, net (including goodwill)1,0069951,0121,0091,012
Goodwill995995995995995
Intangible assets, net (excluding goodwill)11 161317
Total noncurrent assets:1,3691,3571,3171,2981,313
Other undisclosed assets20,25318,11618,37518,21717,297
TOTAL ASSETS:22,66320,16720,69620,54919,662
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Debt04000 9
Total current liabilities:04000 9
Noncurrent Liabilities
Other undisclosed liabilities19,91917,12618,17118,01717,176
Total liabilities:19,91917,52618,17118,01717,185
Stockholders' equity
Stockholders' equity attributable to parent2,7442,6402,5252,5332,476
Common stock11111
Treasury stock, value(277)(270)(132)(0) 
Additional paid in capital2,5142,5042,4962,4892,484
Accumulated other comprehensive income (loss)32(32)(132)(96)(88)
Retained earnings47443729213979
Total stockholders' equity:2,7442,6402,5252,5332,476
TOTAL LIABILITIES AND EQUITY:22,66320,16720,69620,54919,662

Income statement (P&L) ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Revenues733766745602565
Net investment income501586539468436
Financial services revenue134130
Cost of revenue(122)(14)(22)(19)(9)
Provision for loan, lease, and other losses(122)(14)(22)
Financial services costs(19)(9)
Gross profit:611752723584556
Operating expenses(35)(36)(32)(205)(195)
Other operating income, net
(Noninterest Income, Other Operating Income)
   2816
Operating income:577716691407377
Nonoperating income   1342
Investment income, nonoperating    27
Bank owned life insurance income   1315
Interest and debt expense(47)(105)(80)(42)(27)
Income from continuing operations before equity method investments, income taxes:530611611378393
Other undisclosed loss from continuing operations before income taxes(286)(229)(253)(10)(21)
Income from continuing operations before income taxes:244382358368372
Income tax expense(58)(97)(94)(185)(142)
Net income available to common stockholders, diluted:186284264184230

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
Net income:186284264184230
Comprehensive income:186284264184230
Other undisclosed comprehensive income (loss), net of tax, attributable to parent63100(16)(8)(37)
Comprehensive income, net of tax, attributable to parent:249385249175193

Statements sources

The financial statements are based on the company's filings with the 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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