Bank of Hawaii's Q1 results fell short of expectations, reporting $1.30 earnings per share on sales of $192.322 million. Despite these misses, analysts raised their price targets, suggesting a mixed outlook for the stock.
Bank of Hawaii reported Q3 EPS of $1.20, up from $1.06. 7.1% increase in average deposit balances noted year-over-year. Stock in final Phase 18 of the Adhishthana cycle since June 2024. Weak triads suggest limited upside till cycle reset in December 2025. Investors may benefit from waiting until the next cycle begins.
BOH shares fell after Q2 earnings report. Analyst downgraded BOH from Neutral to Underweight. Expect earnings growth to remain challenging ahead. BOH's cost of deposits is the highest among large HI banks. Stock has gained 11% in three months, outperforming industry.
- Bank of Hawaii reported Q1 EPS of 87 cents, missing estimates and down from 92 cents. Revenues declined 11.6% to $156.2 million. - The bank saw improvement in non-interest income and a decline in expenses. Capital ratios and loans dipped. - Outlook for Q2 2024 projects lower core non-interest income, higher expenses, and a tax rate of 24.5%. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings
- BOH Q1 revenue down 11.6% to $156.22 million, EPS at $0.87. - Missed Zacks Consensus Estimate for revenue and EPS, with -2.84% and -5.43% surprises. - Key metrics like efficiency ratio and net interest margin slightly below analyst estimates. - Price Impact Rating: Bearish - Impact Horizon Rating: Short-term - Type: Earnings