Overview

* Bank of Hawaii ( BOH ) Q2 EPS rises to $1.06, up from $0.81 last year

* Net income for Q2 increases 39.8% yr/yr to $47.6 mln

* Net interest income grows 12.9% yr/yr, driven by fixed asset repricing

Outlook

* Company highlights strong asset quality and disciplined expense management

Result Drivers

* NET INTEREST INCOME - Driven by higher earning asset yields and fixed asset repricing

* DEPOSIT MIX SHIFT - Lower interest-bearing deposit rates and slowing shift from noninterest-bearing accounts

* NONINTEREST INCOME - Increase due to BOLI recovery gain, offset by lower customer derivative activity

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 Net Miss $63.70 $178.20

Revenue mln mln (3

Analysts

)

Q2 EPS $1.06

Q2 Net $47.64

Income mln

Q2 Net $129.68

Interest mln

Income

Q2 $3.25

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", 2 "hold" and 3 "sell" or "strong sell"

* The average consensus recommendation for the banks peer group is "buy."

* Wall Street's median 12-month price target for Bank of Hawaii Corp ( BOH ) is $70.00, about 6.2% above its July 25 closing price of $65.69

* The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release:

(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.)