The Q2 beat is modest and the deposit outflow is a watch item, but the primary catalyst for FHB remains the pending TriCo Bancshares acquisition (expected close end of 2026). Monitor regulatory approval timeline and any updates on cost synergy realization. The standalone quarter is unlikely to drive sustained momentum.
Price Chart
Executive Summary
First Hawaiian reported Q2 2026 net income of $73.4M ($0.60 diluted EPS), beating the $0.59 consensus estimate. Net interest margin expanded 6bps QoQ to 3.25%, and the efficiency ratio improved to 56.2%. However, total deposits declined $623M QoQ, and the company recorded a $5.6M provision for credit losses. The results are solid but not transformative, with the stock likely to trade on the pending TriCo Bancshares acquisition rather than standalone quarterly performance.
Key Financial Metrics
Key Facts
- Net income of $73.4M, or $0.60 per diluted share, vs consensus $0.59
- Net interest margin expanded 6 bps QoQ to 3.25%
- Total deposits decreased $623.2M QoQ to $20.2B
- Efficiency ratio improved to 56.2% from 57.8% QoQ
- Tangible book value per share grew 3% QoQ to $15.04
- Company did not repurchase any shares in Q2
Financial Impact
Net income $73.4M, diluted EPS $0.60 vs consensus $0.59 (beat). Net interest income $171.0M, up $3.5M QoQ.
Risk Factors
- Deposit outflow of $623M QoQ signals potential funding pressure
- Provision for credit losses increased to $5.6M from $5.0M QoQ
- Pending TriCo acquisition integration risk and regulatory approval uncertainty
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-086492 |
| Document: fhb-20260724x8k.htm | 0001104659-26-086492 |
| Document: 0001104659-26-086492-index-headers.html | 0001104659-26-086492 |
| Document: 0001104659-26-086492-index.html | 0001104659-26-086492 |
| Document: 0001104659-26-086492.txt | 0001104659-26-086492 |
| 8-K Data (Synthetic) | 0001104659-26-086492 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 23, 2026 3d ago | 8-K | $25.34 $25.34 | · 0.00% | ▲ +0.71% | $25.34 (−0.00%) |
Oct 23, 2026 3d ago | Press Release | $25.34 $25.34 | · 0.00% | ▲ +0.71% | $25.34 (−0.00%) |
Oct 2, 2026 24d ago | Press Release | $25.04 | awaiting T+1 | — | $25.34 (+1.20%) |
Sep 17, 2026 5w ago | EFFECT | $25.81 $25.76 | ▼ −0.19% | ▼ −0.07% | $25.34 (−1.82%) |
Jul 24, 2026 13w ago | 8-K | $28.11 $27.79 | ▼ −1.14% | ▼ −1.16% | $25.34 (−9.85%) |
Jul 24, 2026 13w ago | Press Release | $28.11 $27.79 | ▼ −1.14% | ▼ −1.16% | $25.34 (−9.85%) |
Jul 13, 2026 15w ago | 8-K | $29.14 $28.53 | ▼ −2.09% | ▼ −2.45% | $25.34 (−13.04%) |
Jul 12, 2026 15w ago | Press Release | $29.14 $28.53 | ▼ −2.09% | ▼ −2.45% | $25.34 (−13.04%) |
Apr 24, 2026 26w ago | 8-K | $26.41 $27.28 | ▼ −3.29% | ▼ −3.13% | $25.34 (+4.05%) |
Apr 24, 2026 26w ago | Press Release | $26.41 $27.28 | ▲ +3.29% | ▲ +3.13% | $25.34 (−4.05%) |
US Market Status
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