Bank of Hawaii (NYSE:BOH) Announces Quarterly Earnings Results

Bank of Hawaii (NYSE:BOH) announced its quarterly earnings results on Monday. The bank reported $1.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.46 by $0.01, RTT News reports. The firm had revenue of $196.90 million for the quarter, compared to analyst estimates of $199.51 million. Bank of Hawaii had a net margin of 20.46% and a return on equity of 14.97%. During the same quarter in the previous year, the firm posted $1.06 EPS.

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

• Earnings and margin improved: Second-quarter diluted EPS rose 13% sequentially to $1.47, while net interest margin expanded four basis points to 2.78%, marking the ninth consecutive quarter of improvement. Management continues to target a roughly 2.90% NIM exit rate by year-end, assuming a September rate hike.
• Credit quality remained strong: Net charge-offs were a low 10 basis points annualized and non-performing assets declined to eight basis points. Although criticized assets increased to 2.81%, management attributed the change to a single well-secured borrower relationship rather than broad portfolio deterioration.
• Loan growth is expected to remain moderate: Loans grew at a 2.6% annualized rate in the quarter, led by C&I and residential lending, but management expects consumer growth to slow after a large condominium project boosted second-quarter results. Full-year loan growth remains targeted in the lower mid-single digits.
• Deposit pricing remains competitive: Average deposits declined modestly due partly to seasonal factors, and the bank expects 10%–15% of its approximately $2 billion in public deposits to run off in the third quarter. Management also expects some upward pressure on CD pricing, with deposit costs forecast near 1.25%–1.30%.
• Capital returns and wealth management supported results: Wealth management fees benefited from market performance and stronger production, with normalized third-quarter fee income expected near $43 million. The bank repurchased $17 million of shares in the quarter, plans another $20 million in the third quarter, and declared a $0.70 common dividend.

Bank of Hawaii Trading Down 4.7%

Shares of Bank of Hawaii stock opened at $79.99 on Tuesday. The stock has a market capitalization of $3.17 billion, a P/E ratio of 16.16, a price-to-earnings-growth ratio of 0.89 and a beta of 0.70. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.37. The company has a 50-day simple moving average of $80.15 and a 200 day simple moving average of $77.35. Bank of Hawaii has a 12-month low of $59.36 and a 12-month high of $86.31.

Bank of Hawaii Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be issued a $0.70 dividend. The ex-dividend date of this dividend is Monday, August 31st. This represents a $2.80 annualized dividend and a dividend yield of 3.5%. Bank of Hawaii’s dividend payout ratio is presently 56.57%.

Key Bank of Hawaii News

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

• Positive Sentiment: Q2 earnings beat expectations. BOH reported diluted EPS of $1.47, up from $1.06 a year earlier and slightly above the $1.46 consensus estimate. Net income increased 11.1% sequentially to $63.8 million, while return on average common equity improved to 15.47%. Bank of Hawai‘i Corporation Second Quarter 2026 Financial Results
• Positive Sentiment: Operating trends remained healthy. Analysts highlighted 12.6% revenue growth, a ninth consecutive quarter of expanding net interest margins, robust tourism and resilient Hawaii economic conditions. Nonperforming assets declined to 0.08% of loans, and BOH’s CET1 capital ratio stood at 12.1%, indicating solid credit quality and downside protection. Bank Of Hawaii: Rate Tailwind Continues To Build
• Positive Sentiment: Dividend was maintained. BOH declared a quarterly dividend of $0.70 per share, payable September 15 to shareholders of record August 31. The payout represents an annualized dividend of $2.80 and a yield of approximately 3.5%, supporting the stock’s income appeal.
• Neutral Sentiment: Valuation and future earnings prospects are favorable but opinions are mixed. One analysis sees additional fair-value upside and expects net interest margin to exceed 3% by 2027, helped by fixed-loan reinvestment and BOH’s strong Hawaii market position. Another describes the quarter as resilient but recommends waiting, suggesting investors may want a better entry point. Bank of Hawaii Holds Its Dividend As Fair Value Still Suggests More Upside
• Negative Sentiment: Revenue missed Wall Street estimates. Quarterly revenue was $196.9 million versus the $199.5 million consensus forecast. The modest shortfall may temper the positive impact of the EPS beat and help explain cautious analyst commentary. Bank of Hawaii Misses Q2 Revenue Estimates

Institutional Investors Weigh In On Bank of Hawaii

A number of large investors have recently bought and sold shares of the business. Quarry LP increased its holdings in Bank of Hawaii by 1,497.2% during the 3rd quarter. Quarry LP now owns 575 shares of the bank’s stock valued at $38,000 after purchasing an additional 539 shares in the last quarter. Strs Ohio bought a new stake in shares of Bank of Hawaii during the first quarter worth $41,000. EverSource Wealth Advisors LLC grew its holdings in shares of Bank of Hawaii by 461.3% during the second quarter. EverSource Wealth Advisors LLC now owns 623 shares of the bank’s stock worth $42,000 after purchasing an additional 512 shares during the last quarter. State of Wyoming grew its holdings in shares of Bank of Hawaii by 8,220.0% during the second quarter. State of Wyoming now owns 832 shares of the bank’s stock worth $56,000 after purchasing an additional 822 shares during the last quarter. Finally, Advisory Services Network LLC acquired a new stake in shares of Bank of Hawaii in the third quarter valued at $63,000. 82.18% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on BOH. Keefe, Bruyette & Woods upped their target price on shares of Bank of Hawaii from $91.00 to $95.00 and gave the company an “outperform” rating in a research note on Tuesday, April 21st. Piper Sandler decreased their price objective on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Zacks Research lowered Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 6th. Barclays upped their price objective on Bank of Hawaii from $86.00 to $88.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 7th. Finally, Weiss Ratings raised Bank of Hawaii from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $85.80.

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.