NYSE$BOH

Bank of Hawaii Corp · Q1 2023 earnings

Q1 2023 earnings · · Investor relations

Briefing

Bank of Hawaii reported solid operating performance amidst a challenging macro environment in the first quarter of 2023.

Bank of Hawaii Corporation reported diluted earnings per common share of $1.14 for the first quarter of 2023, a decrease compared to both the previous quarter and the same quarter of 2022. Net income for the quarter was $46.8 million, also down from prior periods. Despite these declines, average deposits grew slightly, and loan portfolios saw growth.

  • Diluted earnings per common share were $1.14, down from $1.50 in the previous quarter and $1.32 in the same quarter of 2022.
  • Net income was $46.8 million, a decrease of 23.6% from the previous quarter and 14.6% from the same quarter of 2022.
  • Average deposits increased by 0.4% compared to the previous quarter.
  • Loans grew by 1.3% on a linked quarter basis, with growth in both consumer and commercial portfolios.

Headline financials

Total Revenue

$177M

Previous: $169M+4.7%
EPS (adj)

$1.14

Previous: $1.32-13.6%
Efficiency Ratio

63.3%

Previous: 61.5%+2.9%
Tier 1 Capital Ratio

12.1%

Previous: 13.2%-8.5%
Capital Expenditures

-$2.24M

Previous: -$5.66M+60.4%
Free Cash Flow

$44.6M

Previous: $49.2M-9.3%
Net Income

$46.8M

Previous: $54.8M-14.6%
Operating Income

$106M

Previous: $143M-25.4%
Gross Profit

$175M

Previous: $163M+7.0%
Cash & Equivalents

$612M

Previous: $595M+2.8%
Total Assets

$23.9B

Previous: $23B+4.1%
Stock-Based Comp

$3.37M

Previous: $4.01M-15.9%

Revenue & EPS history

Bank of Hawaii · Revenue · Quarterly

$177M

Q1 2023+4.7%vs Q1 2022
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Bank of Hawaii · $177M total across 3 segments · Q1 2023

  • Consumer Banking
    $129M+26.4%
  • Commercial Banking
    $65.4M+15.6%
  • Treasury & Other
    -$17.8M

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 2023

Historical avgQ1 2023

+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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