NYSE$BOH

Bank of Hawaii Corp · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Reported diluted earnings per common share of $0.81 and net income of $34.1 million.

Bank of Hawaii Corporation reported strong financial results for Q2 2024, with diluted earnings per common share at $0.81 and net income at $34.1 million. The results were impacted by a $2.6 million one-time charge due to an industry-wide FDIC Special Assessment.

  • Diluted earnings per common share were $0.81.
  • Net income was $34.1 million.
  • Net interest margin was 2.15%.
  • Credit quality remained exceptional with low non-performing assets and net charge-offs.

Headline financials

Total Revenue

$157M

Previous: $168M-6.4%
EPS

$0.81

Previous: $1.12-27.7%
Efficiency Ratio

69.6%

Previous: 62.1%+12.1%
ROA

0.6%

Previous: 0.8%-23.4%
ROE

9.5%

No prior period
Tier 1 Capital Ratio

14.0%

Previous: 12.2%+14.3%
Total Deposits

$20.4B

No prior period
Loans and Leases

$13.8B

No prior period
Capital Expenditures

-$7.85M

Previous: -$5.05M-55.6%
Free Cash Flow

$26.2M

Previous: $41M-36.0%
Net Income

$34.1M

Previous: $46.1M-26.0%
Operating Income

$22M

Previous: $65.3M-66.2%
Gross Profit

$155M

Previous: $165M-6.4%
Cash & Equivalents

$925M

Previous: $1.67B-44.7%
Total Assets

$23.3B

Previous: $24.9B-6.6%
Stock-Based Comp

$3.48M

Previous: $4.3M-19.2%

Revenue & EPS history

Bank of Hawaii · Revenue · Quarterly

$157M

Q2 2024-6.4%vs Q2 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

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 Q2 2024

Historical avgQ2 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%

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