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

Bank of Hawaii (NYSE:BOH) issued its quarterly earnings data on Monday. The bank reported $1.47 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.01, RTT News reports. The company 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 21.84% and a return on equity of 15.72%. During the same period in the prior year, the firm earned $1.06 earnings per share.

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 Stock Performance

BOH opened at $80.17 on Wednesday. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.69 and a current ratio of 0.70. Bank of Hawaii has a 52-week low of $59.36 and a 52-week high of $86.31. The firm has a market cap of $3.18 billion, a P/E ratio of 14.96, a price-to-earnings-growth ratio of 0.85 and a beta of 0.70. The business’s fifty day moving average is $80.23 and its 200-day moving average is $77.42.

Bank of Hawaii Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders 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 yield of 3.5%. Bank of Hawaii’s payout ratio is currently 56.57%.

Key Headlines Impacting Bank of Hawaii

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

• Positive Sentiment: Second-quarter diluted earnings per share rose to $1.47 from $1.06 a year earlier, narrowly exceeding the $1.46 analyst consensus. 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: Higher net interest income, margin expansion and loan growth supported the quarter. Analysts also highlighted 12.6% revenue growth, a ninth consecutive quarter of net-interest-margin expansion and strong asset quality, with nonperforming assets at only 0.08% of loans. Bank Of Hawaii: Resilient, But We Would Wait
• Positive Sentiment: BOH maintained its quarterly dividend of $0.70 per share, equivalent to a roughly 3.5% annualized yield at the referenced share price. The dividend signals continued capital-return capacity. Bank of Hawaii Holds Its Dividend
• Neutral Sentiment: Barclays lowered its price target from $88 to $85 and kept an “equal weight” rating. The revised target still implies potential upside, but the cut reflects a more cautious near-term view. Barclays price target update
• Negative Sentiment: Quarterly revenue of $196.9 million missed the $199.5 million consensus estimate. Lower fee income and reduced deposit balances overshadowed the EPS beat, prompting the sharp selloff. BOH Q2 Earnings Beat on Strong NII, Stock Dips on Lower Fee Income

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. Stephens boosted their price objective on Bank of Hawaii from $82.00 to $86.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st. Keefe, Bruyette & Woods lifted their price target on Bank of Hawaii from $91.00 to $95.00 and gave the stock an “outperform” rating in a report on Tuesday, April 21st. Piper Sandler reduced their price target on Bank of Hawaii from $84.00 to $78.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Benchmark reaffirmed a “hold” rating on shares of Bank of Hawaii in a report on Tuesday. Finally, Zacks Research cut Bank of Hawaii from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 6th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $85.80.

Institutional Investors Weigh In On Bank of Hawaii

Institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP increased its holdings in Bank of Hawaii by 3.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,084,517 shares of the bank’s stock valued at $74,149,000 after buying an additional 35,065 shares during the period. Balyasny Asset Management L.P. boosted its position in shares of Bank of Hawaii by 122.3% during the 3rd quarter. Balyasny Asset Management L.P. now owns 1,012,560 shares of the bank’s stock worth $66,464,000 after acquiring an additional 557,148 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Bank of Hawaii by 36.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 865,384 shares of the bank’s stock valued at $59,166,000 after acquiring an additional 229,806 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Bank of Hawaii by 0.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 512,552 shares of the bank’s stock valued at $35,043,000 after purchasing an additional 1,592 shares in the last quarter. Finally, Nuveen LLC raised its position in Bank of Hawaii by 455.6% during the fourth quarter. Nuveen LLC now owns 491,187 shares of the bank’s stock valued at $33,582,000 after purchasing an additional 402,774 shares in the last quarter. Institutional investors own 82.18% of the company’s stock.

About Bank of Hawaii

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.