NYSE$BOH

Bank of Hawaii Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported diluted earnings per share of $0.95 and net income of $37.8 million.

Bank of Hawaii Corporation reported a decrease in net income and diluted earnings per share for the third quarter of 2020 compared to the previous quarter and the same quarter last year. The results reflect current economic conditions, with a commitment to conservatism, liquidity, and capital strength.

  • Diluted earnings per share were $0.95 for Q3 2020, down from $0.98 in the previous quarter and $1.29 in the same quarter last year.
  • Net income for Q3 2020 was $37.8 million, compared to $38.9 million in the second quarter of 2020 and $52.1 million in Q3 2019.
  • Loan and lease balances were $11.8 billion at the end of Q3 2020, a slight decrease from the previous quarter but up from the previous year.
  • Total deposits reached a record high of $17.7 billion at the end of Q3 2020, an increase of 1.8% from the previous quarter and a significant increase from the previous year.

Headline financials

Total Revenue

$166M

Previous: $171M-3.2%
EPS (adj)

$0.95

Previous: $1.29-26.4%
Efficiency Ratio

54.2%

Previous: 58.5%-7.4%
ROA

0.8%

Previous: 1.2%-35.0%
ROE

11.0%

Previous: 16.0%-31.3%
Tier 1 Capital Ratio

12.1%

No prior period
Total Deposits

$17.7B

No prior period
Loans and Leases

$11.8B

No prior period
Free Cash Flow

$37.8M

Previous: $52.1M-27.3%
Net Income

$37.8M

Previous: $52.1M-27.3%
Operating Income

$130M

Previous: $122M+6.3%
Gross Profit

$166M

Previous: $171M-3.2%
Cash & Equivalents

$1B

Previous: $371M+169.9%
Total Assets

$20.1B

Previous: $17.7B+13.8%
Stock-Based Comp

$1.64M

Previous: $2.22M-26.1%

Revenue & EPS history

Bank of Hawaii · Revenue · Quarterly

$166M

Q3 2020-3.2%vs Q3 2019
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Bank of Hawaii · $41.7M total across 3 segments · Q3 2020

  • Consumer Banking
    $31.8M
  • Commercial Banking
    $7.67M
  • Treasury & Other
    $2.29M

Forward guidance

This news release, and other statements made by the Company in connection with it may contain "forward-looking statements", such as forecasts of our financial results and condition, expectations for our operations and business prospects, and our assumptions used in those forecasts and 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 Q3 2020

Historical avgQ3 2020

+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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