Overview

* Bank of Hawaii ( BOH ) Q3 net income rises 12% from previous quarter, up 32.2% yr/yr

* Company misses analyst expectations for Q3 net revenue

* Bank of Hawaii ( BOH ) declares dividend of $0.70 per common share

Outlook

* Bank of Hawaii ( BOH ) did not provide specific future guidance

Result Drivers

* NET INTEREST INCOME - Driven by higher earning assets from deposit growth and fixed asset repricing

* DEPOSIT GROWTH - Average deposit balances increased by 7.1% annualized, contributing to higher net interest income

* NONINTEREST INCOME - Increased due to trust and asset management fees, customer derivative program fees, and loan fees

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Net Miss $70.25 $180.70

Revenue mln mln (3

Analysts

)

Q3 EPS $1.20

Q3 Net $53.34

Income mln

Q3 Net $136.67

Interest mln

Income

Q3 $2.50

Credit mln

Loss

Provisio

n

Analyst Coverage

* The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 3 "sell" or "strong sell"

* Wall Street's median 12-month price target for Bank of Hawaii Corp ( BOH ) is $70.50, about 9.4% above its October 24 closing price of $63.90

* The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago

Press Release:

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)