News Release
Forbes Ranks First Hawaiian Bank Hawai‘i’s Top Bank for the Fourth Consecutive Year
Honolulu, February 21, 2025 - First Hawaiian Bank (FHB) today announced that it was once again recognized by Forbes magazine as the top-ranked Hawai‘i bank on its 2025 Best Banks in America list, continuing FHB’s legacy as the state’s leading financial institution.
“We are honored to once again be recognized as Hawai‘i’s premier bank on Forbes’ Best Banks in America list for the fourth consecutive year,” said Bob Harrison, Chairman, President, and Chief Executive Officer. “This recognition reflects the dedication of our team and the trust of our valued customers. We are committed to delivering best-in-class financial solutions and service to support our customers at every stage of their financial journey.”
FHB has been ranked the top Hawai‘i Bank in the Forbes list six times in the eight years it has been eligible for the ranking, including consecutively in 2022, 2023, 2024 and 2025. The ranking evaluates the nation’s publicly traded banks and thrifts based on profitability, growth and credit quality. The criteria for the ranking include return on tangible common equity, non-performing assets and total assets, common equity tier 1 ratio, efficiency ratio and operating revenue growth. View the list here: https://www.forbes.com/lists/americas-best-banks/
FHB finished 2024 with a very strong quarter that was highlighted by good performance across the bank’s key earning drivers; loan and deposit balances grew, net interest margin expanded, expenses were well controlled, and credit quality remained excellent. On Jan. 31, 2025, the bank reported its fourth quarter 2024 financial results with total assets of $23.8 billion at quarter-end. Total deposits closed at $20.3 billion and First Hawaiian, Inc. saw a fourth quarter net interest income of $52.5 million. For more information and highlights regarding the bank’s fourth quarter financial results, visit: https://ir.fhb.com/news-releases/news-release-details/first-hawaiian-inc-reports-fourth-quarter-2024-financial-results.
Looking ahead, FHB remains focused on supporting local small businesses, particularly in light of challenges highlighted in the 2025 UHERO report on Honolulu’s small business landscape. Nearly a third of local small businesses struggle to access funding, and as a recipient of the SBA Lender of the Year Category 1 award, First Hawaiian Bank is dedicated to helping small businesses thrive. Whether it’s managing finances, improving productivity, or expanding operations, FHB continues to provide the tools necessary to succeed, even in the current higher interest rate environment. To learn more about FHB’s small business banking solutions, visit www.fhb.com/en/business/small-business.