FMP
Apr 21, 2025(Last modified: Apr 22, 2025)
Bank of Hawaii Corporation (NYSE:BOH) is a prominent financial institution operating in the banking sector, primarily serving the Hawaiian Islands. The company offers a range of financial services, including personal and commercial banking, wealth management, and investment services. As part of the Zacks Banks - West industry, BOH competes with other regional banks in the western United States.
On April 21, 2025, BOH reported its earnings for the first quarter, revealing an earnings per share (EPS) of $0.97. This figure surpassed the estimated $0.89, marking an 8.99% earnings surprise. The EPS also showed growth from the previous year's $0.87, indicating a positive trend in the company's profitability.
The company's revenue for the quarter was $169.87 million, slightly below the estimated $173.89 million. However, this revenue still represented an 8.7% increase from the same period last year. It also exceeded the Zacks Consensus Estimate of $167.66 million, resulting in a positive surprise of 1.32%.
BOH's financial health is further highlighted by its net income of $44 million for the quarter, a 20.9% increase from the previous year. The return on average common equity improved to 11.80%, up from 10.30% in the previous quarter. These metrics underscore the company's strong performance and potential for future growth.
The bank maintains a low debt-to-equity ratio of approximately 0.053, indicating prudent financial management. Additionally, a current ratio of about 5.63 suggests BOH has a strong ability to meet its short-term liabilities. These factors contribute to the company's stability and attractiveness to investors.
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