FMP
Oct 28, 2024 1:48 PM - Davit Kirakosyan
Image credit: FMP
Bank of Hawaii (NYSE:BOH) delivered better-than-expected third-quarter earnings, with net income rising 18.4% from the previous quarter, outpacing Street estimates. The bank reported net income of $40.4 million, or $0.93 per diluted share, surpassing the anticipated $0.82 per share. Revenue reached $162.73 million, exceeding the forecasted $160.3 million. As a result, the company’s shares rose more than 3% pre-market today.
Net interest income grew by 2.4% quarter-over-quarter, totaling $117.6 million, driven by higher yields and balances in earning assets. The bank's net interest margin expanded to 2.18%, marking an increase of 3 basis points compared to Q2.
During the third quarter, Bank of Hawaii saw steady growth in both loans and deposits. Total loans and leases increased by 0.6% to $13.9 billion, while total deposits rose 2.8% to $21.0 billion.
The bank also bolstered its capital position, with the Tier 1 capital ratio improving to 14.05%, up from 13.96% in the previous quarter.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...