First Hawaiian: Repricing Dynamics Continue In Q1

Apr. 28, 2025 10:20 PM ETFirst Hawaiian, Inc. (FHB) StockFHB
Mark Dockray
1.93K Followers

Summary

  • Shares of First Hawaiian have fallen nearly 20% since my last update in February, with tariff-related uncertainty cooling sentiment towards bank stocks.
  • The bank's first quarter results were solid, with margin dynamics playing out as expected.
  • Asset quality remains robust, and for various reasons, I think this bank could hold up better in downturn.
  • The recent sell-off has left these shares at 11.6x consensus 2025 EPS, which looks cheap relative to First Hawaiian's earnings power.

Golden afternoon at Waikiki Beach

Philip Thurston/E+ via Getty Images

Today, I wanted to circle back for a review of First Hawaiian (NASDAQ:FHB) following its first quarter results. I last covered this bank back in February, upgrading it to 'Buy' due to its much-improved earnings outlook. The

This article was written by

1.93K Followers
I like to take a long term, buy-and-hold approach to investing, with a bias toward stocks that can sustainably post high quality earnings. Mostly found in the dividend and income section. Blog about various US/Canadian stocks at 'The Compound Investor', and predominantly UK names on 'The UK Income Investor'.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of FHB either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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