FHB vs. BANF

Last updated Jun 3, 2026

FHB (First Hawaiian, Inc.) and BANF (BancFirst Corporation) are both stocks. Both operate in the Banks - Regional industry within the Financial Services sector. Over the past 5 years, FHB returned 3.37%/yr vs 11.75%/yr for BANF. A 0.71 correlation means they provide meaningful diversification when combined.

Performance

FHB vs. BANF - Performance Comparison

The chart below illustrates the hypothetical performance of a $10,000 investment in First Hawaiian, Inc. (FHB) and BancFirst Corporation (BANF). The values are adjusted to include any dividend payments, if applicable.

Returns By Period

In the year-to-date period, FHB achieves a 8.91% return, which is significantly higher than BANF's 4.20% return.

FHB

• 1D: 1.58%
• 1M: -0.70%
• YTD: 8.91%
• 6M: 10.26%
• 1Y: 19.84%
• 3Y*: 19.55%
• 5Y*: 3.37%
• 10Y*: —

BANF

• 1D: 1.37%
• 1M: -2.34%
• YTD: 4.20%
• 6M: -0.44%
• 1Y: -8.37%
• 3Y*: 8.20%
• 5Y*: 11.75%
• 10Y*: 15.59%

*Multi-year figures are annualized to reflect compound growth (CAGR)

FHB vs. BANF - Yearly Performance Comparison

	2026 (YTD)	2025	2024	2023	2022	2021	2020	2019	2018	2017
FHB First Hawaiian, Inc.	8.91%	1.64%	18.72%	-7.56%	-0.92%	20.39%	-13.84%	33.26%	-20.12%	-13.60%
BANF BancFirst Corporation	4.20%	-8.04%	22.62%	12.44%	27.10%	22.79%	-2.90%	27.93%	-0.62%	11.72%

Correlation

The correlation between FHB and BANF is 0.74, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.

	Correlation
Correlation (1Y) Calculated over the trailing 1-year period	0.74
Correlation (3Y) Calculated over the trailing 3-year period	0.73
Correlation (5Y) Calculated over the trailing 5-year period	0.71
Correlation (All Time) Calculated using the full available price history since Aug 5, 2016	0.71

The correlation between FHB and BANF has been stable across timeframes, ranging from 0.71 to 0.74 - a consistent structural relationship.

Fundamentals

EPS FHB : $2.29 BANF : $7.11
PE Ratio FHB : 11.81 BANF : 15.47
PEG Ratio FHB : 4.71 BANF : 1.70
PS Ratio FHB : 3.07 BANF : 4.52
Total Revenue (TTM) FHB : $1.10B BANF : $824.33M
Gross Profit (TTM) FHB : $635.99M BANF : $683.43M
EBITDA (TTM) FHB : $294.52M BANF : $325.92M

Return for Risk

FHB vs. BANF — Risk / Return Rank

Compare risk-adjusted metric ranks to identify better-performing investments over the past 12 months.

FHB

FHB Risk / Return Rank: 63
FHB Sharpe Ratio Rank: 66
FHB Sortino Ratio Rank: 60
FHB Omega Ratio Rank: 57
FHB Calmar Ratio Rank: 64
FHB Martin Ratio Rank: 66

BANF

BANF Risk / Return Rank: 26
BANF Sharpe Ratio Rank: 27
BANF Sortino Ratio Rank: 24
BANF Omega Ratio Rank: 24
BANF Calmar Ratio Rank: 27
BANF Martin Ratio Rank: 28

The rank (0–100) shows how this investment's returns compare to the risk taken. Higher = better. Based on the past 12 months of data, combining Sharpe, Sortino, and other metrics used by quantitative funds and institutional investors.

FHB vs. BANF - Risk-Adjusted Trends Comparison

This table presents a comparison of risk-adjusted performance metrics for First Hawaiian, Inc. (FHB) and BancFirst Corporation (BANF). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.

	FHB	BANF	Difference
Sharpe ratio Return per unit of total volatility	0.83	-0.31	+1.14
Sortino ratio Return per unit of downside risk	1.29	-0.26	+1.56
Omega ratio Gain probability vs. loss probability	1.16	0.97	+0.19
Calmar ratio Return relative to maximum drawdown	1.22	-0.41	+1.63
Martin ratio Return relative to average drawdown	3.09	-0.66	+3.75
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month.

FHB vs. BANF - Sharpe Ratio Comparison

The current FHB Sharpe Ratio is 0.83, which is higher than the BANF Sharpe Ratio of -0.31. The chart below compares the historical Sharpe Ratios of FHB and BANF, calculated using daily returns over the previous 12 months. A higher Sharpe Ratio indicates better risk-adjusted performance relative to the risk-free rate.

Sharpe Ratios by Period

	FHB	BANF	Difference
Sharpe Ratio (1Y) Calculated over the trailing 1-year period	0.83	-0.31	+1.14
Sharpe Ratio (5Y) Calculated over the trailing 5-year period	0.11	0.39	-0.28
Sharpe Ratio (10Y) Calculated over the trailing 10-year period	—	0.44	—
Sharpe Ratio (All Time) Calculated using the full available price history	0.16	0.41	-0.25

Drawdowns

FHB vs. BANF - Drawdown Comparison

The maximum FHB drawdown since its inception was -55.51%, roughly equal to the maximum BANF drawdown of -57.10%. Use the drawdown chart below to compare losses from any high point for FHB and BANF.

Drawdown Indicators

	FHB	BANF	Difference
Max Drawdown Largest peak-to-trough decline	-55.51%	-57.10%	+1.59%
Max Drawdown (1Y) Largest decline over 1 year	-14.65%	-23.63%	+8.98%
Max Drawdown (3Y) Largest decline over 3 years	-24.26%	-23.63%	-0.63%
Max Drawdown (5Y) Largest decline over 5 years	-47.02%	-37.97%	-9.05%
Max Drawdown (10Y) Largest decline over 10 years	—	-57.10%	—
Current Drawdown Current decline from peak	-1.46%	-18.37%	+16.91%
Average Drawdown Average peak-to-trough decline	-16.94%	-13.95%	-2.99%
Ulcer Index Depth and duration of drawdowns from previous peaks	5.78%	14.58%	-8.80%

Volatility

FHB vs. BANF - Volatility Comparison

First Hawaiian, Inc. (FHB) and BancFirst Corporation (BANF) have volatilities of 5.83% and 6.03%, respectively, indicating that both stocks experience similar levels of price fluctuations. This suggests that the risk associated with both stocks, as measured by volatility, is nearly the same. The chart below showcases a comparison of their rolling one-month volatility.

Volatility by Period

	FHB	BANF	Difference
Volatility (1M) Calculated over the trailing 1-month period	5.83%	6.03%	-0.20%
Volatility (6M) Calculated over the trailing 6-month period	17.16%	18.90%	-1.74%
Volatility (1Y) Calculated over the trailing 1-year period	24.03%	26.94%	-2.91%
Volatility (5Y) Calculated over the trailing 5-year period, annualized	29.94%	30.25%	-0.31%
Volatility (10Y) Calculated over the trailing 10-year period, annualized	32.52%	35.73%	-3.21%

Dividends

FHB vs. BANF - Dividend Comparison

FHB's dividend yield for the trailing twelve months is around 3.85%, more than BANF's 1.76% yield.

Position	TTM	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
BANF BancFirst Corporation	1.76%	1.79%	1.52%	1.71%	1.72%	1.98%	2.25%	1.99%	2.04%	1.56%	1.59%	2.39%
FHB First Hawaiian, Inc.	3.85%	4.11%	4.01%	4.55%	3.99%	3.81%	4.41%	3.60%	4.26%	3.02%	0.57%	0.00%

Financials

FHB vs. BANF - Profitability Comparison

The chart below illustrates the profitability comparison between First Hawaiian, Inc. and BancFirst Corporation over time, highlighting three key metrics: Gross Profit Margin, Operating Margin, and Net Profit Margin.

FHB - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, First Hawaiian, Inc. reported a gross profit of 0.00 and revenue of 229.70M. Therefore, the gross margin over that period was 0.0%.

BANF - Gross Margin

Gross margin is calculated as gross profit divided by revenue. For the three months ending on Jun 2026, BancFirst Corporation reported a gross profit of 181.00M and revenue of 181.00M. Therefore, the gross margin over that period was 100.0%.

FHB - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, First Hawaiian, Inc. reported an operating income of 0.00 and revenue of 229.70M, resulting in an operating margin of 0.0%.

BANF - Operating Margin

Operating margin is calculated as operating income divided by revenue. For the three months ending on Jun 2026, BancFirst Corporation reported an operating income of 73.61M and revenue of 181.00M, resulting in an operating margin of 40.7%.

FHB - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, First Hawaiian, Inc. reported a net income of 67.78M and revenue of 229.70M, resulting in a net margin of 29.5%.

BANF - Net Margin

Net margin is calculated as net income divided by revenue. For the three months ending on Jun 2026, BancFirst Corporation reported a net income of 59.50M and revenue of 181.00M, resulting in a net margin of 32.9%.

Frequently Asked Questions

Can I hold both FHB and BANF in my portfolio?

FHB and BANF have a correlation of 0.74, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.

Which is riskier, FHB or BANF?

BANF has higher volatility (6.03%) compared to FHB (5.83%). In terms of maximum drawdown, FHB dropped -55.51% vs BANF's -57.10%.

Which has better risk-adjusted returns?

FHB currently has the higher Sharpe Ratio (0.83 vs -0.31), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.