First Hawaiian Bank, traded on NASDAQ under the ticker FHB, announced its third-quarter 2026 financial results, revealing a revenue beat alongside a mixed overall performance that included a profit miss relative to consensus estimates. During the quarter, the Hawaiian banking company generated total revenue of $230.2 million, marking a 1.7% increase year-on-year and coming in slightly above Wall Street's expectations of $228.7 million. However, the company's GAAP profit reached $0.52 per share, which fell 10.2% below analysts' consensus estimates of $0.58 per share.

Net interest income for the quarter stood at $174.1 million, closely tracking analysts' estimates of $174.3 million and reflecting 2.8% year-on-year growth. The Net Interest Margin was reported at 3.3%, matching consensus estimates. The bank's efficiency ratio was 69.2%, missing consensus estimates of 56.6%. Meanwhile, the tangible book value per share came in at $14.97, representing a 6.5% year-on-year growth but missing the consensus estimate of $15.32. The company's market capitalization was noted at $3.18 billion following the report, and shares dropped 4.8% to $24.89 immediately following the release.

Bob Harrison, Chairman, President and Chief Executive Officer of First Hawaiian Bank, commented on the performance. He expressed pleasure with the solid earnings delivered during the quarter and acknowledged the continued trust placed in the institution by its customers. Harrison pointed out that deposit growth in a competitive market reflects the underlying strength of customer relationships, and noted that the balance sheet remains well-positioned to benefit from rising interest rates. Additionally, as the company prepares for the upcoming Tri Counties Bank acquisition, leadership remains focused on building upon its current foundation and pursuing future growth opportunities.

An analysis of the bank's historical revenue indicates that annualized revenue growth over the last five years was 4.4%, while annualized revenue growth over the last two years also remained steady at 5%. Net interest income has historically comprised 75.9% of the company's total revenue over the past five years. Regarding tangible book value per share, the metric grew at an annual rate of 2.3% over the last five years, while accelerating to a 7.6% annual growth rate over the last two years, rising from $12.92 to $14.97 per share.