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First Hawaiian
-9.73%
Financial services / Banking and Financial Services
At a Glance | Core Facts | Company Due Diligence | Industry Due Diligence | Competitors | Stock Swings | News | Income | Balance | Cash Flow | Growth | Enterprise | Ratios | Metrics | Dividends | Risks | SWOT | Porter's Five Forces | PEST | Score Positive | Clusters | Reports | WebOverview
First Hawaiian, Inc. is a bank holding company headquartered in Honolulu, Hawaii. The company operates through its subsidiary, First Hawaiian Bank, which is the oldest and largest bank in the state. The bank offers a wide range of banking and financial services, including personal and business banking, wealth management, mortgage lending, and insurance services.
First Hawaiian was founded in 1858 as Bishop & Co., and has since grown to become one of the leading financial institutions in Hawaii. The bank has a strong presence in the local community and is known for its commitment to customer service and community involvement. It has over 2,000 employees and 60 branches across Hawaii, Guam, and Saipan.
In 2016, First Hawaiian completed its initial public offering and became a publicly traded company on the NASDAQ stock exchange. As of 2019, the company had total assets of over $20 billion.
First Hawaiian is known for its strong financial performance and has been consistently ranked as one of the top banks in the country by Bank Director Magazine and Forbes. It has also received numerous awards for its customer service, including being named the "Best Bank in Hawaii" by Forbes and "Best Bank in the Pacific Region" by Global Finance Magazine.
In addition to its financial services, First Hawaiian is also committed to giving back to the community through its philanthropic efforts. The company has donated over $24 million to various charitable organizations since 2015 and its employees also volunteer over 25,000 hours annually to local nonprofit organizations.
In 2018, First Hawaiian was acquired by the French banking group, BNP Paribas, but continues to operate under its own name and management team. The acquisition has allowed the company to expand its global network and offer more resources and services to its customers.
First Hawaiian was founded in 1858 as Bishop & Co., and has since grown to become one of the leading financial institutions in Hawaii. The bank has a strong presence in the local community and is known for its commitment to customer service and community involvement. It has over 2,000 employees and 60 branches across Hawaii, Guam, and Saipan.
In 2016, First Hawaiian completed its initial public offering and became a publicly traded company on the NASDAQ stock exchange. As of 2019, the company had total assets of over $20 billion.
First Hawaiian is known for its strong financial performance and has been consistently ranked as one of the top banks in the country by Bank Director Magazine and Forbes. It has also received numerous awards for its customer service, including being named the "Best Bank in Hawaii" by Forbes and "Best Bank in the Pacific Region" by Global Finance Magazine.
In addition to its financial services, First Hawaiian is also committed to giving back to the community through its philanthropic efforts. The company has donated over $24 million to various charitable organizations since 2015 and its employees also volunteer over 25,000 hours annually to local nonprofit organizations.
In 2018, First Hawaiian was acquired by the French banking group, BNP Paribas, but continues to operate under its own name and management team. The acquisition has allowed the company to expand its global network and offer more resources and services to its customers.
What is special about the company?
1. Oldest and Largest Bank in Hawaii: First Hawaiian is the oldest and largest bank in Hawaii, with a history that dates back to 1858. This gives the company a strong and established presence in the local market.
2. Strong Local Roots: The company has deep roots in the local community and has been serving the people of Hawaii for over 160 years. This has helped to build a strong brand name and reputation for the company.
3. Diversified Financial Services: First Hawaiian offers a wide range of financial services to its customers, including personal and business banking, loans, investments, and insurance. This diversity helps the company to serve the diverse needs of its customers.
4. Strong Financial Performance: The company has consistently shown strong financial performance over the years, with steady revenue growth and profitability. This has contributed to its reputation as a reliable and trustworthy financial institution.
5. Commitment to Sustainability: First Hawaiian is committed to promoting sustainability and protecting the environment. The company has implemented various environmental initiatives and is known for its support of conservation and renewable energy projects in Hawaii.
6. Employee Engagement and Community Involvement: The company is known for its active involvement in the local community and for its commitment to employee engagement. First Hawaiian encourages its employees to volunteer and make a positive impact in the communities it serves.
7. Award-Winning Company: First Hawaiian has been recognized as one of the best companies to work for in Hawaii and the United States. It has also received numerous awards for its financial performance, customer service, and community involvement.
8. Strong Corporate Governance: The company has a strong and transparent corporate governance system, which ensures ethical business practices and responsible decision-making.
9. Technological Innovation: First Hawaiian is committed to leveraging technology to improve its products and services, enhance customer experience and efficiency. This has helped the company to stay competitive in the ever-evolving financial industry.
10. Strong Customer Focus: The company prioritizes its customers and strives to provide them with excellent service. It has a strong customer-centric approach, which has contributed to its loyal customer base.
2. Strong Local Roots: The company has deep roots in the local community and has been serving the people of Hawaii for over 160 years. This has helped to build a strong brand name and reputation for the company.
3. Diversified Financial Services: First Hawaiian offers a wide range of financial services to its customers, including personal and business banking, loans, investments, and insurance. This diversity helps the company to serve the diverse needs of its customers.
4. Strong Financial Performance: The company has consistently shown strong financial performance over the years, with steady revenue growth and profitability. This has contributed to its reputation as a reliable and trustworthy financial institution.
5. Commitment to Sustainability: First Hawaiian is committed to promoting sustainability and protecting the environment. The company has implemented various environmental initiatives and is known for its support of conservation and renewable energy projects in Hawaii.
6. Employee Engagement and Community Involvement: The company is known for its active involvement in the local community and for its commitment to employee engagement. First Hawaiian encourages its employees to volunteer and make a positive impact in the communities it serves.
7. Award-Winning Company: First Hawaiian has been recognized as one of the best companies to work for in Hawaii and the United States. It has also received numerous awards for its financial performance, customer service, and community involvement.
8. Strong Corporate Governance: The company has a strong and transparent corporate governance system, which ensures ethical business practices and responsible decision-making.
9. Technological Innovation: First Hawaiian is committed to leveraging technology to improve its products and services, enhance customer experience and efficiency. This has helped the company to stay competitive in the ever-evolving financial industry.
10. Strong Customer Focus: The company prioritizes its customers and strives to provide them with excellent service. It has a strong customer-centric approach, which has contributed to its loyal customer base.
What the company's business model?
The First Hawaiian company operates as a full-service financial institution and its business model is primarily focused on providing banking and financial services to individuals, businesses, and governments in the state of Hawaii. This includes offering a range of products and services such as personal and commercial banking, investment and wealth management, insurance, and mortgage lending. The company generates revenue through various sources, including interest income from loans and investments, fees and commissions from its various services, and income from its investment portfolio. The company also focuses on building strong relationships with its customers and providing personalized financial solutions to meet their needs.
Interesting facts about the company
1. The First Hawaiian Company was founded in 1858 by Charles Reed Bishop, a businessman and philanthropist from New York. He moved to Hawaii with his wife, Princess Bernice Pauahi Bishop, who was a member of the Hawaiian royal family.
2. The company was originally named Bishop & Co. and was established as a general store in Honolulu, providing goods and services to the local community.
3. In 1870, Bishop & Co. became the first bank in Hawaii and was renamed Bishop & Co. Bank. It became the central bank for the Kingdom of Hawaii and the provider of currency for the islands.
4. In 1921, the bank was renamed Bishop National Bank of Hawaii and continued to expand its operations, providing financial services to individuals and businesses in Hawaii.
5. In 1960, Bishop National Bank of Hawaii was renamed First Hawaiian Bank and became the first bank in the state to offer loans for mortgages and automobile financing.
6. The First Hawaiian Company played a significant role in the economic growth of Hawaii, providing financing for businesses, tourism, and development projects throughout the islands.
7. In 1992, First Hawaiian Bank was acquired by BancWest Corporation, a subsidiary of BNP Paribas, and became a part of the Bank of the West family.
8. In 2016, First Hawaiian Bank became a publicly traded company and was listed on the NASDAQ under the ticker symbol FHB. It is the oldest and largest bank in Hawaii with over 60 branches across the state.
9. First Hawaiian Bank is known for its commitment to community service, with its employees volunteering over 40,000 hours each year to various non-profit organizations and community events.
10. The company also has a strong focus on environmental sustainability, implementing initiatives such as solar panel installations, paperless banking, and water conservation projects in its branches and offices.
See Company Due Diligence:
2. The company was originally named Bishop & Co. and was established as a general store in Honolulu, providing goods and services to the local community.
3. In 1870, Bishop & Co. became the first bank in Hawaii and was renamed Bishop & Co. Bank. It became the central bank for the Kingdom of Hawaii and the provider of currency for the islands.
4. In 1921, the bank was renamed Bishop National Bank of Hawaii and continued to expand its operations, providing financial services to individuals and businesses in Hawaii.
5. In 1960, Bishop National Bank of Hawaii was renamed First Hawaiian Bank and became the first bank in the state to offer loans for mortgages and automobile financing.
6. The First Hawaiian Company played a significant role in the economic growth of Hawaii, providing financing for businesses, tourism, and development projects throughout the islands.
7. In 1992, First Hawaiian Bank was acquired by BancWest Corporation, a subsidiary of BNP Paribas, and became a part of the Bank of the West family.
8. In 2016, First Hawaiian Bank became a publicly traded company and was listed on the NASDAQ under the ticker symbol FHB. It is the oldest and largest bank in Hawaii with over 60 branches across the state.
9. First Hawaiian Bank is known for its commitment to community service, with its employees volunteering over 40,000 hours each year to various non-profit organizations and community events.
10. The company also has a strong focus on environmental sustainability, implementing initiatives such as solar panel installations, paperless banking, and water conservation projects in its branches and offices.
See Company Due Diligence:
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