NYSE$BOH

Bank of Hawaii Corp · Q1 2024 earnings

Q1 2024 earnings · · Investor relations

Briefing

Diluted earnings per share and net income were reported for the first quarter of 2024.

Bank of Hawai'i Corporation reported a solid financial performance for Q1 2024, with diluted earnings per share of $0.87 and net income of $36.4 million. Credit quality remained excellent, and key capital ratios improved. Net interest margin declined marginally, while noninterest income and expense remained steady.

  • Diluted earnings per common share were $0.87.
  • Net income was $36.4 million, up 19.7% from the previous quarter and down 22.3% from the same quarter of 2023.
  • Non-performing assets were 0.09% at quarter end, and net charge-offs were 0.07% during the quarter.
  • The Board of Directors declared a dividend of $0.70 per common share.

Headline financials

Total Revenue

$156M

Previous: $177M-11.6%
EPS

$0.87

Previous: $1.14-23.7%
Efficiency Ratio

67.8%

Previous: 63.3%+7.0%
ROA

0.6%

No prior period
ROE

10.3%

No prior period
Tier 1 Capital Ratio

12.7%

Previous: 12.1%+5.3%
Total Deposits

$20.7B

No prior period
Loans and Leases

$13.9B

No prior period
Capital Expenditures

-$2.86M

Previous: -$2.24M-27.7%
Free Cash Flow

$33.5M

Previous: $44.6M-24.8%
Net Income

$36.4M

Previous: $46.8M-22.3%
Operating Income

$33.1M

Previous: $106M-68.9%
Gross Profit

$154M

Previous: $175M-11.7%
Cash & Equivalents

$892M

Previous: $612M+45.7%
Total Assets

$23.4B

Previous: $23.9B-2.1%
Stock-Based Comp

$4.03M

Previous: $3.37M+19.5%

Revenue & EPS history

Bank of Hawaii · Revenue · Quarterly

$156M

Q1 2024-11.6%vs Q1 2023
Beat estimate in 8 of 15 quarters(53%)
ActualEstimate

Revenue by segment

Bank of Hawaii · $203M total across 3 segments · Q2 2023

  • Consumer Banking
    $132M
  • Commercial Banking
    $61.6M
  • Treasury & Other
    $9.61M

Forward guidance

The document does not contain explicit forward guidance. It primarily reports on the financial results of the first quarter of 2024 and provides comparisons to previous periods.

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 2024

Historical avgQ1 2024

+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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro