Bank of Hawaii Q1 Net Income $57.4M, EPS $1.30 Falls Short
Bank of Hawaii Corp posted Q1 net income of $57.4 million with EPS of $1.30, missing the $1.33 analyst estimate on revenue of $263.5 million and net interest revenue of $192.3 million. The stock has rallied 17% year-to-date and 24% over the past 12 months.
1. First-Quarter Financial Results
Bank of Hawaii Corp reported net income of $57.4 million in the quarter ended March, with earnings per share of $1.30 versus the $1.33 consensus estimate from analysts. Total operating revenue reached $263.5 million for the period.
2. Net Interest Revenue and Expenses
Net interest revenue, at $192.3 million, met Street forecasts and reflected consistent lending margins despite competitive pressure. Details on noninterest income and expense categories have not been disclosed.
3. Recent Share Performance
Shares of the bank have climbed 17% since January and 24% over the last 12 months, indicating investor confidence in its regional banking model even after the slight earnings shortfall.