Bank of Hawaii Q2 net income rises on higher asset pricing

The current average analyst rating on the shares is hold, with 2 strong buy or buy, 4 hold, and 2 sell or strong sell recommendations.

The median 12-month price target is $87.00, about 3.6% above the July 24 closing price of $83.97. The stock recently traded at 13 times next 12-month earnings, versus 12 times three months ago.

Bank of Hawaii Corp reported second-quarter net income of $63.80 million and earnings per share of $1.47, both up from the prior quarter.

Pre-provision net revenue was $85.72 million, net interest income was $153.60 million, and the credit loss provision was $3.60 million.

The company said net interest margin expanded for a , driven by asset repricing and higher loan yields.