First Hawaiian, Inc. (FHB): History, Ownership, Mission, How It Works & Makes Money

Did you know that First Hawaiian, Inc. (FHB), operating as a bank holding company for First Hawaiian Bank, stands as Hawaii's oldest and largest financial institution? With roots tracing back to 1858, the bank has grown into a cornerstone of the Hawaiian economy, offering diverse services from deposit products to wealth management. Keep reading to explore the history, ownership structure, mission, operational model, and financial performance that define this enduring institution.

First Hawaiian, Inc. (FHB) History

First Hawaiian, Inc.'s Founding Timeline

Year established

First Hawaiian, Inc. was established in 1858.

Original location

The bank was originally located in Honolulu, Hawaii.

Founding team members

The founder of First Hawaiian Bank was Charles Reed Bishop.

Initial capital/funding

First Hawaiian Bank was founded with an initial capital of $74,000.

First Hawaiian, Inc.'s Evolution Milestones

First Hawaiian, Inc.'s Transformative Moments

• Transition to Digital Banking: In recent years, First Hawaiian Bank has heavily invested in upgrading its digital banking platform to meet the changing needs of its customers. This includes enhancing mobile banking apps, improving online services, and offering more digital payment options. This transformation has allowed the bank to serve a broader customer base more efficiently and adapt to the increasing demand for digital financial solutions.
• Focus on Sustainability: Recognizing the importance of environmental stewardship, First Hawaiian Bank has implemented several sustainability initiatives. These include reducing its carbon footprint, investing in green technologies, and promoting sustainable practices within its operations. This focus not only aligns with global environmental goals but also enhances the bank's reputation as a responsible corporate citizen.
• Community Engagement: First Hawaiian Bank has consistently demonstrated a strong commitment to community engagement through various philanthropic efforts and partnerships with local organizations. These initiatives include supporting educational programs, funding community development projects, and providing financial literacy resources. By actively participating in community development, the bank strengthens its ties with the local population and contributes to the overall well-being of the region.

To gain more insights into the values that drive First Hawaiian, Inc., explore: Mission Statement, Vision, & Core Values of First Hawaiian, Inc. (FHB).

First Hawaiian, Inc. (FHB) Ownership Structure

First Hawaiian, Inc. (FHB) operates with a blend of institutional and individual ownership, influencing its corporate governance and strategic direction. Understanding this structure provides insights into the company's decision-making processes and stakeholder interests.

First Hawaiian, Inc.'s Current Status

First Hawaiian, Inc. is a publicly traded company. This means that its shares are available for purchase on the open market, and the company is subject to regulatory requirements and reporting standards set by the Securities and Exchange Commission (SEC).

First Hawaiian, Inc.'s Ownership Breakdown

The ownership of First Hawaiian, Inc. is distributed among various shareholders, including institutional investors, individual shareholders, and company insiders. The following table summarizes the ownership breakdown:

First Hawaiian, Inc.'s Leadership

The leadership team guides the strategic direction and operational execution of First Hawaiian, Inc.

• Chairman, President & CEO: Robert S. Harrison
• Vice Chairman & CFO: Jamieצת M. Jackson

For more insights into the guiding principles of First Hawaiian, Inc., explore: Mission Statement, Vision, & Core Values of First Hawaiian, Inc. (FHB).

First Hawaiian, Inc. (FHB) Mission and Values

First Hawaiian, Inc. aims to provide financial services while upholding its core values. These values guide the company's actions and contribute to its relationships with customers, employees, and the community.

First Hawaiian, Inc.'s Core Purpose

Official mission statement

While a specific, formally published mission statement could not be found in the provided search results, First Hawaiian, Inc.'s approach to business can be inferred from various sources. The bank focuses on customer relationships, community involvement, and employee well-being, which suggests a mission centered on providing financial solutions while fostering local prosperity. To learn more about First Hawaiian, Inc., explore Exploring First Hawaiian, Inc. (FHB) Investor Profile: Who’s Buying and Why?

Vision statement

Similar to the mission statement, a specific vision statement for First Hawaiian, Inc. was not found in the provided search results. However, based on the company's actions and priorities, a potential vision could be:

• To be the leading financial institution in Hawaii, recognized for its commitment to customer satisfaction, employee development, and community engagement.
• To drive economic growth and financial well-being for the people of Hawaii through innovative solutions and personalized service.

Company slogan/tagline

While the official current slogan or tagline could not be confirmed through the search results, historically, First Hawaiian Bank has used slogans that emphasize its local roots and customer focus. These include:

• 'Yes is Possible.'

First Hawaiian, Inc. (FHB) How It Works

First Hawaiian, Inc. operates as a bank holding company, providing a range of financial products and services to individuals, businesses, and governments in Hawaii, Guam, and Saipan. The company generates revenue primarily through interest income from loans and investments, as well as fees from various banking services.

First Hawaiian, Inc.’s Product/Service Portfolio

First Hawaiian, Inc.’s Operational Framework

First Hawaiian, Inc. operates through a network of branches and ATMs, as well as online and mobile banking platforms. The bank gathers deposits from customers, which are then used to fund loans and investments. Key operational aspects include:

• Credit Underwriting: Assessing the creditworthiness of loan applicants to minimize risk.
• Customer Service: Providing support and assistance to customers through various channels.
• Regulatory Compliance: Adhering to banking regulations and laws to ensure the safety and soundness of the institution.
• Technology Infrastructure: Maintaining and upgrading IT systems to support online and mobile banking services.

First Hawaiian, Inc.’s Strategic Advantages

First Hawaiian, Inc. has several strategic advantages that contribute to its success:

• Strong Local Presence: A well-established branch network and deep customer relationships in Hawaii, Guam, and Saipan.
• Diversified Product Portfolio: A broad range of financial products and services that cater to different customer segments.
• Conservative Credit Culture: A disciplined approach to lending that has resulted in relatively low levels of non-performing assets.
• Efficient Operations: Investments in technology and process improvements that have helped to improve efficiency and profitability.

To gain more in-depth knowledge, consider exploring: Breaking Down First Hawaiian, Inc. (FHB) Financial Health: Key Insights for Investors

First Hawaiian, Inc. (FHB) How It Makes Money

First Hawaiian, Inc. primarily generates revenue through traditional banking activities, including taking deposits and providing loans and other financial services to individuals, businesses, and government entities.

First Hawaiian, Inc.'s Revenue Breakdown

Understanding where First Hawaiian, Inc.'s revenue comes from provides insight into its core business activities. The following table breaks down the revenue streams and their relative importance to the company's overall financial performance.

First Hawaiian, Inc.'s Business Economics

The business economics of First Hawaiian, Inc. are influenced by several key factors that drive its profitability and operational efficiency:

• Interest Rate Spread: The difference between the interest earned on loans and the interest paid on deposits is a primary driver of profitability. Changes in market interest rates can significantly impact this spread.
• Loan Portfolio Composition: The mix of loans (e.g., residential mortgages, commercial loans, consumer credit) affects the overall yield and risk profile of the portfolio.
• Operating Efficiency: Managing operational costs, including salaries, technology investments, and overhead, is crucial for maintaining a competitive edge.
• Credit Quality: The ability to manage and minimize loan losses directly impacts profitability. Effective underwriting and risk management practices are essential.

First Hawaiian, Inc.'s Financial Performance

Analyzing First Hawaiian, Inc.'s financial performance involves looking at key metrics that reflect its stability, efficiency, and growth potential:

• Net Income: For the fiscal year 2024, First Hawaiian, Inc. reported a net income of $224.4 million, reflecting its profitability after all expenses and taxes.
• Earnings Per Share (EPS): The EPS for 2024 was $1.73, providing a measure of the company's profitability on a per-share basis.
• Return on Assets (ROA): As of 2024, the ROA stood at 0.90%, indicating how efficiently the company is using its assets to generate earnings.
• Return on Equity (ROE): The ROE for the same period was 11.40%, reflecting the return generated for shareholders' equity.
• Total Assets: As of December 31, 2024, total assets were $24.7 billion.
• Total Deposits: As of December 31, 2024, total deposits reached $20.2 billion, showing the bank's strength in attracting and retaining customer deposits.
• Net Interest Margin (NIM): The NIM, a critical measure of profitability, was 2.71% for the year 2024.

These financial metrics are essential for investors and stakeholders to assess the financial health and operational effectiveness of First Hawaiian, Inc. For more insights into the investors and ownership structure, you might find this resource helpful: Exploring First Hawaiian, Inc. (FHB) Investor Profile: Who’s Buying and Why?

First Hawaiian, Inc. (FHB) Market Position & Future Outlook

As of April 2025, First Hawaiian, Inc. (FHB) maintains a strong position in the Hawaiian banking market, focusing on sustainable growth and adapting to evolving customer needs. The company's future outlook involves navigating a changing economic landscape while leveraging its local expertise and customer relationships.

Competitive Landscape

Opportunities & Challenges

Industry Position

First Hawaiian, Inc. (FHB) holds a prominent position in the Hawaiian banking sector due to several factors:

• Established Market Presence: With a history dating back to 1858, FHB has deep roots and a trusted reputation in the local community.
• Extensive Branch Network: The bank operates a comprehensive network of branches and ATMs across the Hawaiian Islands, providing convenient access for customers.
• Strong Customer Relationships: FHB emphasizes building long-term relationships with its customers, offering personalized service and tailored financial solutions.
• Community Involvement: The bank actively supports local communities through charitable giving, sponsorships, and employee volunteerism.

For more information, see: Mission Statement, Vision, & Core Values of First Hawaiian, Inc. (FHB).