NYSE$BOH

Bank of Hawaii Corp · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Bank of Hawaii reported strong financial performance in Q1 2021, marked by record high deposit balances and total assets, solid asset quality, and high levels of liquidity and capital.

Bank of Hawaii Corporation reported a strong first quarter in 2021, with diluted earnings per share of $1.50, up from $0.87 in the same quarter last year, and net income of $59.9 million, compared to $34.7 million in the first quarter of 2020.

  • Diluted earnings per share reached $1.50, a notable increase from both the previous and prior year's quarter.
  • Net income was $59.9 million, significantly higher than the previous and prior year's quarter.
  • Net interest income was $120.8 million.
  • Total assets reached a new record high of $21.9 billion.

Headline financials

Total Revenue

$164M

Previous: $172M-5.0%
EPS (adj)

$1.50

Previous: $0.87+72.4%
Efficiency Ratio

60.5%

No prior period
ROA

1.1%

No prior period
Tier 1 Capital Ratio

12.3%

No prior period
Capital Expenditures

$3.65M

No prior period
Free Cash Flow

$59.9M

Previous: $34.7M+72.6%
Net Income

$59.9M

Previous: $34.7M+72.6%
Operating Income

$122M

Previous: $143M-14.3%
Gross Profit

$149M

Previous: $172M-13.3%
Cash & Equivalents

$1.39B

Previous: $557M+150.2%
Total Assets

$21.9B

Previous: $18.5B+18.4%
Stock-Based Comp

$2.78M

Previous: $1.5M+85.7%

Revenue & EPS history

Bank of Hawaii · Revenue · Quarterly

$164M

Q1 2021-5%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Bank of Hawaii · $164M total across 3 segments · Q1 2021

  • Consumer Banking
    $103M
  • Commercial Banking
    $55M
  • Treasury & Other
    $5.08M

Forward guidance

This news release, and other statements made by the Company in connection with it may contain "forward-looking statements" (as defined in the Private Securities Litigation Reform Act of 1995) that involve risks and uncertainties that could cause results to be materially different from expectations.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2021

Historical avgQ1 2021

+0.0%

Avg return

Earnings day

+0.5%

Avg return

5 days after

+2.0%

Avg return

30 days after

51%

35 / 69 earnings

Positive

+10.2%

Q3 2024

Best reaction

-6.4%

Q3 2010

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-0.8%-3.8%-2.6%
Q4 2025+6.3%+5.6%+10.5%
Q3 2025+0.4%+1.6%+3.9%
Q2 2025-0.3%-2.0%+1.4%
Q1 2025-1.0%+1.4%+3.7%
Q4 2024+4.3%+4.8%-0.2%
Q3 2024+10.2%+9.6%+21.7%
Q2 2024+1.6%+2.7%-4.0%
Q1 2024-0.3%+0.4%-0.3%
Q4 2023-5.4%-5.0%-10.0%
Q3 2023+5.3%+6.3%+21.7%
Q2 2023+2.1%+6.4%-0.8%
Q1 2023-2.1%-0.8%-18.8%
Q4 2022-4.9%-3.7%-5.2%
Q3 2022-5.4%-0.3%+7.8%
Q2 2022+2.1%+4.1%+4.3%
Q1 2022-1.6%-4.3%-0.1%
Q4 2021+0.7%-2.1%-1.7%
Q3 2021+1.6%-2.3%+0.4%
Q2 2021+2.1%+1.9%+3.4%
Q1 2021+1.0%-0.0%-1.8%
Q4 2020-3.9%-7.0%+11.1%
Q3 2020-4.4%-2.5%+27.6%
Q2 2020-3.8%-4.3%-5.4%
Q1 2020+3.8%+6.7%+5.8%
Q4 2019+0.8%-2.5%-12.2%
Q3 2019+1.6%+1.7%+4.6%
Q2 2019+1.5%+4.1%+0.7%
Q1 2019+0.7%+2.5%-1.5%
Q4 2018+2.8%+2.1%+7.3%
Q3 2018+0.3%+1.1%+3.7%
Q2 2018-1.8%-3.2%+0.1%
Q1 2018+1.5%+1.5%+2.7%
Q4 2017-0.9%-1.6%-2.8%
Q3 2017-2.9%-2.4%-5.8%
Q2 2017+4.7%+1.9%-2.8%
Q1 2017+1.7%+0.4%-2.7%
Q4 2016-0.2%-0.1%-3.3%
Q3 2016+0.7%+0.6%+16.0%
Q2 2016+2.1%+0.4%+2.7%
Q1 2016+2.6%
Q4 2015+0.8%
Q3 2015-2.9%
Q2 2015+0.9%
Q1 2015-3.0%
Q4 2014+0.7%
Q3 2014+1.5%
Q2 2014+1.4%
Q1 2014-0.0%
Q4 2013-0.2%
Q3 2013+2.5%
Q2 2013+2.4%
Q1 2013-3.5%
Q4 2012+0.4%
Q3 2012+0.5%
Q2 2012-0.9%
Q1 2012-0.3%
Q4 2010-1.0%
Q4 2011-1.0%
Q3 2011-0.8%
Q2 2011-0.8%
Q1 2010-1.7%
Q1 2011+0.6%
Q4 2008-0.6%
Q4 2009-0.6%
Q3 2009-6.4%
Q3 2010-6.4%
Q2 2009-1.7%
Q2 2010-1.7%

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