Bank of Hawaii (NYSE:BOH) Announces Earnings Results, Misses Expectations By $0.03 EPS

Bank of Hawaii (NYSE:BOH) posted its quarterly earnings data on Monday. The bank reported $1.30 earnings per share for the quarter, missing the consensus estimate of $1.33 by ($0.03), Briefing.com reports. Bank of Hawaii had a return on equity of 14.42% and a net margin of 19.30%.The business had revenue of $192.32 million during the quarter, compared to analysts’ expectations of $193.53 million. During the same period in the prior year, the firm posted $0.97 EPS.

Here are the key takeaways from Bank of Hawaii’s conference call:

• NIM expansion remained a key driver — NIM rose 13 bps (eighth consecutive quarter) as the bank remixed $643 million of fixed-rate loans/investments to higher yields and reiterated an objective of approaching 2.9% NIM by year-end with a longer-term midpoint view near 3.25%-3.50%.
• Funding costs improved — average cost of total deposits declined 17 bps to 1.26% with a deposit beta of 36%, and over half of CDs will mature in ~3 months and are expected to reprice mostly into the 2.25%–3.0% range.
• Credit metrics remain very strong — annualized net charge-offs were only 3 bps, NPAs fell to 9 bps, and the ACL coverage ratio stayed at 1.04% (which includes a $3.2M qualitative overlay for Kona storm exposures) while management monitors potential Typhoon Sinlaku effects.
• Capital and shareholder returns intact — Tier 1 capital of 14.4%, the board declared a $0.70 common dividend, the bank repurchased ~$15M of stock in Q1 and plans an additional $15M–$20M in Q2, with ~$106M remaining on the buyback authorization.

Bank of Hawaii Trading Down 0.0%

Shares of Bank of Hawaii stock opened at $80.07 on Tuesday. Bank of Hawaii has a 1-year low of $59.36 and a 1-year high of $82.74. The company’s fifty day simple moving average is $76.18 and its 200-day simple moving average is $70.92. The stock has a market capitalization of $3.18 billion, a PE ratio of 17.33, a P/E/G ratio of 0.74 and a beta of 0.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.70 and a quick ratio of 0.70.

Bank of Hawaii Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 12th. Shareholders of record on Friday, May 29th will be given a $0.70 dividend. The ex-dividend date is Friday, May 29th. This represents a $2.80 annualized dividend and a yield of 3.5%. Bank of Hawaii’s dividend payout ratio (DPR) is presently 60.61%.

Analysts Set New Price Targets

Several analysts have commented on BOH shares. Piper Sandler lowered their price objective on shares of Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Barclays lifted their price target on Bank of Hawaii from $83.00 to $86.00 and gave the company an “equal weight” rating in a research report on Tuesday, April 7th. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a report on Monday, April 6th. Stephens reissued an “overweight” rating on shares of Bank of Hawaii in a report on Tuesday, January 27th. Finally, Keefe, Bruyette & Woods raised shares of Bank of Hawaii from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $75.00 to $91.00 in a research note on Tuesday, January 27th. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $83.80.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. DF Dent & Co. Inc. increased its holdings in Bank of Hawaii by 4.8% in the 3rd quarter. DF Dent & Co. Inc. now owns 3,433 shares of the bank’s stock worth $225,000 after acquiring an additional 157 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Bank of Hawaii by 1.2% in the second quarter. Cerity Partners LLC now owns 16,391 shares of the bank’s stock worth $1,107,000 after purchasing an additional 196 shares during the period. California State Teachers Retirement System increased its stake in shares of Bank of Hawaii by 0.6% in the second quarter. California State Teachers Retirement System now owns 36,698 shares of the bank’s stock worth $2,478,000 after purchasing an additional 213 shares in the last quarter. DRW Securities LLC raised its position in shares of Bank of Hawaii by 5.0% during the 4th quarter. DRW Securities LLC now owns 5,698 shares of the bank’s stock valued at $390,000 after purchasing an additional 269 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Bank of Hawaii by 461.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock valued at $42,000 after buying an additional 512 shares in the last quarter. 82.18% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting Bank of Hawaii

Here are the key news stories impacting Bank of Hawaii this week:

• Positive Sentiment: Management now targets roughly a 2.9% net interest margin by year-end 2026 and trimmed its overhead growth outlook to about 2.5%–3%, which supports margin expansion and longer?term earnings leverage. Article Title
• Positive Sentiment: Board declared a $0.70 quarterly dividend (record May 29, payable June 12), yielding about 3.5% — a supportive signal for income investors and a floor under the share price. Press Release / Slide Deck
• Neutral Sentiment: Earnings call commentary emphasized a “resilient core” business and execution on expense control and NIM improvement — positive tone but qualitative and dependent on execution. Article Title
• Neutral Sentiment: Q1 EPS of $1.30 compares favorably to $0.97 a year ago, showing solid year?over?year earnings power, but the sequential comparison was weaker. Press Release
• Negative Sentiment: Reported GAAP EPS of $1.30 missed consensus (~$1.33) and revenue of $192.3M was slightly below estimates, which can pressure near?term sentiment and analyst revisions. Article Title
• Negative Sentiment: Net income declined sequentially to $57.4M and return on average common equity eased, highlighting short?term margin/earnings pressure despite management’s longer?term NIM goal. Article Title

Bank of Hawaii Company Profile

Bank of Hawaii (NYSE: BOH) is a regional commercial bank headquartered in Honolulu, Hawaii, with roots tracing back to its founding in 1897 by Charles Montague Cooke and Peter Cushman Jones. As one of the oldest financial institutions in the U.S. West Coast region, the bank has built a reputation for stability and community focus. It operates as the principal subsidiary of Bank of Hawaii Corporation, a publicly traded company on the New York Stock Exchange.

The bank offers a comprehensive suite of personal and business banking products and services.