FIRST HAWAIIAN, INC. PP&E Disclosure
At December 31, 2025 and 2024, premises and equipment were comprised of the following:
December 31, | ||||||
(dollars in thousands) | | 2025 | | 2024 | ||
Buildings | $ | 325,540 | $ | 294,574 | ||
Furniture and equipment | 91,795 | 86,991 | ||||
Land | 100,622 | 100,619 | ||||
Leasehold improvements | 57,793 | 71,345 | ||||
Total premises and equipment | 575,750 | 553,529 | ||||
Less: Accumulated depreciation and amortization | 272,254 | 264,999 | ||||
Net book value | $ | 303,496 | $ | 288,530 | ||
Depreciation and amortization expenses included in occupancy and equipment expenses for 2025, 2024 and 2023 were as follows:
Year Ended December 31, | |||||||||
(dollars in thousands) | | 2025 | | 2024 | | 2023 | |||
Occupancy | $ | 9,627 | $ | 8,009 | $ | 8,336 | |||
Equipment | 6,429 | 5,780 | 5,249 | ||||||
Total | $ | 16,056 | $ | 13,789 | $ | 13,585 | |||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 27, 2026 | Showing above |
| 2024 | Feb 28, 2025 | |
| 2023 | Feb 28, 2024 | |
| 2022 | Feb 24, 2023 | |
| 2021 | Feb 25, 2022 | |
| 2020 | Feb 25, 2021 | |
| 2019 | Feb 28, 2020 | |
| 2018 | Feb 28, 2019 | |
| 2017 | Feb 28, 2018 | |
| 2016 | Mar 15, 2017 | |
About PP&E Disclosures
The PP&E disclosure details a company's physical asset base — land, buildings, machinery, and equipment — along with the depreciation methods and useful life assumptions that determine how these costs flow through the income statement. Capitalization policy thresholds reveal management's judgment on the boundary between expense and asset, directly affecting both reported earnings and asset values.
Key signals: changes in estimated useful lives or depreciation methods can materially shift reported earnings without any operational change. Compare capital expenditures against depreciation expense — when capex consistently trails depreciation, the asset base may be aging and underinvested. Watch for large asset impairments or write-downs that signal overvalued carrying amounts. Asset retirement obligations reveal future environmental or decommissioning costs that are often underappreciated. Compare PP&E intensity (PP&E-to-revenue) against industry peers to assess capital efficiency and competitive positioning.