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Q2 2026 · read from the 30 June 2026 Call Report · United States · Pacific · Hawaii, the state note

First Hawaiian Bank

Honolulu, Hawaii · $23.65B in assets · beside the 11 other the Pacific states banks over $10B (the state alone holds too few in the band to rank)

The filing

72.3%
Loans / deposits
2nd of 12
+1.6%
Loans, year over year
10th of 12, largest first
0.30%
NPA / loans
4th of 12

First Hawaiian Bank is the sixth largest of the 12 the Pacific states banks nearest its size over $10B, with $23.65B in assets at 30 June 2026. Loans are 72.3% of deposits, 2nd of 12 against a median of 81.6%, and equity is 11.9% of assets, 7th of 12. Loans grew +1.6% in the year, 10th of 12, and deposits fell 0.4%; the cohort's median loan growth is +2.6%.

Noncurrent loans are 0.30% of the book, 4th of 12 against a median of 0.45%; 0.36% is 30 to 89 days past due, and the allowance covers them 3.9 times. Net charge-offs are 0.12% of loans, 10th of 12. Commercial real estate is 30.2% of loans, 4th of 12 against a median of 39.9%, and 189% of capital, below the 300% screen, with construction at 31% against the 100% screen.

Return on assets is 1.24%, 4th of 12 against a median of 1.02%, on an efficiency ratio of 55.2%, 6th of 12. Five years ago it was 1.23%. The question this shape raises is what the liquidity earns, and what a rate path does to the securities book and the deposit base.

Loans as a share of depositsPacific states banks over $10B · 30 June 2026 · lower is stronger, listed first
median 81.6% Bo Bank of Hawaii 68.2% FH First Hawaiian Bank 72.3% CB Citizens Business Bank N.A. 73.2% MB Mechanics Bank 75.1% FM Farmers & Merchants Bank Long Be 75.7% Bo Bank of America Ca N.A. 76.7% BB Banner Bank 86.6% Bo Banc of California 89.0% Bo Bank of Hope 94.4% WB Wafd Bank 96.1% CB Cathay Bank 97.6% AB Axos Bank 100.5%
Loans, year over yearPacific states banks over $10B · 30 June 2026 · no better direction, largest first
median +2.6% MB Mechanics Bank +46.9% CB Citizens Business Bank N.A. +43.8% AB Axos Bank +24.6% CB Cathay Bank +4.1% Bo Bank of Hope +4.1% FM Farmers & Merchants Bank Long Be +2.7% BB Banner Bank +2.5% Bo Bank of Hawaii +2.1% Bo Banc of California +1.7% FH First Hawaiian Bank +1.6% WB Wafd Bank -1.2% Bo Bank of America Ca N.A. -12.3%

SBA 7(a), FY2008 to FY2026

First Hawaiian Bank is the 2nd largest 7(a) lender into Hawaii of 119, with $62M across 482 loans, 9.7% of everything approved in the state (Central Pacific Bank leads with $91M). 5 of its 7 markets have had no approvals since before FY2023: an absence in the record, not a stated withdrawal.

Where it lends in Hawaii, and where it has gone quietshare movement, FY2023 to FY2025 against FY2020 to FY2022; outlined counties are on the book
Gaining shareLosing shareFlatGone quiet: nothing since FY2023Too thin to read a directionNo record
Every market on the book, largest firstrank and share among every lender in the county, FY2008 to FY2026
CountyApprovedRankShareTrend
Honolulu, HI$41M2nd of 8910.1%-1.8 pts
Maui, HI$11M2nd of 4512.8%-6.5 pts
Hawaii, HI$7M3rd of 486.8%quiet FY2019
Kauai, HI$4M4th of 327.1%quiet FY2019
Guam, GU$3M5th of 94.2%quiet FY2015
Northern Mariana Islands, MP$2M2nd of 525.3%quiet FY2018
Saipan, MP$210K1st of 1100.0%quiet FY2019
What it lends to: the five largest industries on the bookshare of book is concentration; share of sector and rank are position, among every 7(a) lender nationally
IndustryLoansApprovedShare of bookShare of sectorRank
Accommodation & food services101$16M23.2%0.02%437th of 2,596
Retail trade70$10M14.3%0.02%493rd of 2,589
Construction85$10M14.3%0.03%376th of 2,063
Health care & social assistance37$6M8.8%0.01%508th of 2,172
Professional & technical services32$5M7.2%0.02%453rd of 1,955
7(a) lenders into Hawaii, share of approvals since FY2008119 lenders on record; the ten largest and First Hawaiian Bank
CP Central Pacific Bank 14.4% $91M · 1,709 loans FH First Hawaiian Bank 9.7% $62M · 482 loans Bo Bank of Hawaii 8.8% $56M · 521 loans LO Live Oak Banking Company 6.9% $44M · 37 loans AS American Savings Bank, National A… 6.1% $39M · 637 loans NB Newtek Bank, National Association 4.2% $26M · 51 loans CB Celtic Bank Corporation 3.9% $25M · 52 loans HN Hawaii National Bank 3.2% $20M · 91 loans CB Commonwealth Business Bank 2.8% $18M · 43 loans NS Newtek Small Business Finance, In… 2.1% $13M · 23 loans

Commercial real estate against capital

Commercial real estate concentrationthe 2006 interagency screens against total risk-based capital; owner-occupied excluded; bold marks a screen met
First Hawaiian BankRankCohort median
Total CRE against capital, the 300% screen189%4th of 12263%
Construction against capital, the 100% screen31%8th of 1223%
Construction and land development, share of loans5.0%8th of 124.1%
Non-owner-occupied nonfarm nonresidential, share of loans18.7%7th of 1217.3%
Total CRE, the guidance definition, share of loans30.2%4th of 1239.9%
CRE growth over 36 months, the third prong+9.1%5th of 11+12.0%

Among its peers

Where it sits among its peersnavy: the stronger half of each column; amber: the weaker; darker at the ends
InstitutionAssetsROAEfficiencyNPA / loansNet charge-offsAllowance / loansLoans / depositsEquity / assets
Banc of California$34.90B-0.9%63.7%2.34%1.39%1.0%89.0%10.8%
Axos Bank$28.87B2.1%43.1%0.44%0.09%1.1%100.5%9.7%
Wafd Bank$27.58B1.0%53.5%0.63%0.02%1.1%96.1%11.0%
Cathay Bank$24.64B1.5%40.3%0.54%0.04%1.1%97.6%12.6%
Bank of Hawaii$23.81B1.0%58.0%0.18%0.06%1.0%68.2%7.5%
First Hawaiian Bank$23.65B1.2%55.2%0.30%0.12%1.2%72.3%11.9%
Mechanics Bank$21.25B1.0%62.3%0.41%0.11%1.1%75.1%13.3%
Citizens Business Bank N.A.$21.18B1.0%52.9%0.14%0.00%1.1%73.2%14.7%
Bank of Hope$18.99B0.7%64.2%0.88%0.26%1.0%94.4%12.4%
Banner Bank$16.59B1.3%60.2%0.46%0.02%1.3%86.6%11.9%
Bank of America Ca N.A.$14.81B0.7%43.0%0.66%-0.02%0.1%76.7%13.1%
Farmers & Merchants Bank Long Be$11.77B1.0%60.6%0.01%-0.03%1.3%75.7%13.9%
Five years, 2021 to 2026same quarter, five years apart; dollars as growth, ratios in points
First Hawaiian BankCohort median
20212026Change20212026Change
Loans$13.11B$14.58B+11%$11.82B$14.43B+22%
Deposits$20.85B$20.17B-3%$15.72B$19.13B+22%
NPA / loans0.12%0.30%+0.18 pts0.30%0.45%+0.15 pts
Efficiency54.1%55.2%+1.1 pts51.9%56.6%+4.7 pts
ROA1.23%1.24%+0.01 pts1.21%1.02%-0.20 pts

This read was prepared for First Hawaiian Bank's board and management from the public record, and is one slice of what Lynx builds for any bank from its own filing: the peer cohort, the capital, liquidity and rate models with the assumptions the institution sets, and a summary report of twenty sections for the board.

The full pack on First Hawaiian Bank is prepared on request, and thirty days on the institution's own numbers are open to anyone at the bank.

Ask for the pack

Prepared 7 September 2026
Filing 30 June 2026
Cohort Pacific states banks over $10B
Institution www.fhb.com

Public record only: FFIEC Call Report, 30 June 2026; FDIC data; cohort by New England and asset band; SBA 7(a) FOIA release as of the 2026 file, loans credited to the institution holding them today. Computed from the institution's own Call Report and its peers' as published; no estimate, no adjustment; not a rating, not an audited statement and not a supervisory judgement.
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