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HONOLULU - Bank of Hawaii (market capitalization: $2.77 billion) announced Tuesday the promotion of Bradley "Brad" S. Satenberg to vice chair and chief financial officer, following the retirement of CFO Dean Shigemura. According to InvestingPro data, the bank has maintained dividend payments for an impressive 54 consecutive years, with a current dividend yield of 4.15%.
In his expanded role, Satenberg will oversee the bank’s planning and forecasting, financial accounting and reporting, regulatory financial reporting, corporate taxation, and the company’s overall budget and forecast. With the stock currently trading at $70.03 and showing signs of being undervalued based on InvestingPro’s Fair Value analysis, investors can access comprehensive valuation metrics and 12+ additional ProTips through the platform’s detailed research reports.
Satenberg joined Bank of Hawaii in July 2024 as senior executive vice president and deputy to Shigemura, a position created to ensure a smooth leadership transition. Shigemura will remain with the bank as a consultant through June 2026 to provide continuity and strategic financial counsel. The bank’s next earnings report is scheduled for July 28, 2025, where analysts expect continued profitability, maintaining its P/E ratio of 19.48.
Before joining Bank of Hawaii, Satenberg served as senior vice president and chief financial officer of Luther Burbank Savings and director of investor relations for Luther Burbank Corporation in Los Angeles from 2018. His 30-year career in financial services also includes roles as executive vice president and chief financial officer of 1st Century Bancshares, Inc., and managing director and deputy chief financial officer of Imperial Capital Bancorp, Inc., both in California.
Satenberg holds a Bachelor of Business Administration degree in accounting from the University of Texas at Austin.
The appointment comes as part of what the bank described in a press release as a "thoughtful leadership transition" that has been the focus of "long-term and intentional planning."
In other recent news, Bank of Hawaii Corporation reported its first-quarter 2025 earnings, which exceeded analyst expectations. The company posted earnings per share of $0.97, surpassing the forecasted $0.89, and revenue of $169.87 million, which was above the anticipated $168.78 million. This strong financial performance highlights the bank’s ability to deliver above-market results. Additionally, Bank of Hawaii announced the appointment of Bradley S. Satenberg as the new Chief Financial Officer and vice chair, succeeding Dean Y. Shigemura. The transition is part of a previously announced plan. In corporate governance developments, the company approved the 2025 Director Stock Compensation Plan, allowing for various stock-related incentives for non-employee directors. Shareholders also ratified Ernst & Young LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2025. Meanwhile, DA Davidson analysts adjusted their price target for Bank of Hawaii to $70, maintaining a Neutral rating, reflecting a cautious outlook on growth prospects despite positive developments in net interest margin.
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