First Hawaiian, Inc. - Common Stock (FHB)

Competitors to First Hawaiian, Inc. - Common Stock (FHB)

American Savings Bank

American Savings Bank is a significant player in Hawaii, focusing on providing personal and business banking services. It competes with First Hawaiian Bank by targeting similar customer demographics and offering competitive interest rates along with low fees. The bank's strong focus on digital banking services appeals to tech-savvy customers, which enhances its competitive standing. While it may not have the same size and market presence as First Hawaiian, its customer-centric approach and focus on technological innovation provide an edge in attracting younger customers.

Bank of Hawaii Corporation 

Bank of Hawaii Corporation competes directly with First Hawaiian Bank in the banking sector primarily focusing on the Pacific Islands and Hawaii. Both banks offer similar financial products including personal banking, commercial banking, and wealth management services. While First Hawaiian has a longer history, Bank of Hawaii leverages its extensive local knowledge and customer relationships to provide personalized service, often positioning itself as a community-focused institution. This local connection may give Bank of Hawaii a slight competitive edge in community trust and customer loyalty.

Central Pacific Financial Corp. 

Central Pacific Financial Corporation operates through its banking subsidiary, Central Pacific Bank, and competes with First Hawaiian primarily in Hawaii's personal and small business banking markets. Central Pacific Bank emphasizes niche markets, such as agribusiness and specific community needs, to differentiate itself from First Hawaiian. Its strategies include offering specialized loan products and catering to underserved communities. While it has a smaller market share, its focus on niche strategies allows it to carve out specific competitive advantages.

Huntington Bancshares Incorporated 

Huntington Bancshares, although primarily based on the mainland U.S., enters the Hawaiian market, presenting competition to First Hawaiian Bank with a broad suite of banking and financial services. Huntington's competitive advantage lies in its scale and the breadth of products, including digital banking services that appeal to a wider audience. However, its lack of local presence and understanding of the unique Hawaiian market dynamics may limit its effectiveness compared to First Hawaiian Bank’s deep-rooted local relationships and community involvement.