NYSE$BOH

Bank of Hawaii Corp · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Bank of Hawaii reported earnings increase, driven by solid operating performance with momentum in core loan and deposit growth and expansion in core net interest margin.

Bank of Hawaii Corporation reported diluted earnings per common share of $1.32 for Q1 2022, a decrease compared to both the previous quarter ($1.55) and the same quarter last year ($1.50). Net income for the quarter was $54.8 million, down 14.1% from the previous quarter and 8.5% from the same quarter last year. The company saw good continuing momentum in core loan and deposit growth and expansion in core net interest margin.

  • Diluted earnings per common share were $1.32.
  • Net income was $54.8 million.
  • Net interest income for the quarter was $125.3 million, an increase of 3.9% from the first quarter of 2021.
  • Total assets were $23.0 billion at March 31, 2022, an increase of 4.8% from March 31, 2021.

Headline financials

Total Revenue

$169M

Previous: $164M+3.2%
EPS (adj)

$1.32

Previous: $1.50-12.0%
Efficiency Ratio

61.5%

Previous: 60.5%+1.8%
ROA

1.0%

Previous: 1.1%-15.7%
Tier 1 Capital Ratio

13.2%

Previous: 12.3%+7.0%
Capital Expenditures

-$5.66M

Previous: $3.65M-255.1%
Free Cash Flow

$49.2M

Previous: $59.9M-18.0%
Net Income

$54.8M

Previous: $59.9M-8.5%
Operating Income

$143M

Previous: $122M+16.6%
Gross Profit

$163M

Previous: $149M+9.4%
Cash & Equivalents

$595M

Previous: $1.39B-57.3%
Total Assets

$23B

Previous: $21.9B+4.8%
Stock-Based Comp

$4.01M

Previous: $2.78M+44.2%

Revenue & EPS history

Bank of Hawaii · Revenue · Quarterly

$169M

Q1 2022+3.2%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Bank of Hawaii · $159M total across 2 segments · Q1 2022

  • Consumer Banking
    $102M-1.2%
  • Commercial Banking
    $56.5M+2.8%

Forward guidance

This news release does not contain forward guidance.

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 2022

Historical avgQ1 2022

+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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