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HONOLULU - Bank of Hawaii Corporation (NYSE:BOH) reported first quarter 2025 earnings that exceeded analyst estimates on Monday.
The company’s stock fell -2.15% following the release.
The bank posted diluted earnings per share of $0.97, surpassing the consensus forecast of $0.89. Revenue came in at $169.87 million, also beating expectations of $168.78 million.
Net income for the quarter was $44.0 million, up 12.3% from the previous quarter and 20.9% from the same period last year. The return on average common equity improved to 11.80% from 10.30% in Q4 2024 and 11.20% in Q1 2024.
"Bank of Hawai’i started 2025 with strong financial results," said Peter Ho, Chairman and CEO. "In the first quarter, our net interest income and net interest margin both improved meaningfully for the fourth consecutive quarter."
Net interest income rose 4.7% quarter-over-quarter and 10.4% year-over-year to $125.8 million. The net interest margin expanded to 2.32%, up 13 basis points from Q4 and 21 basis points from a year ago.
Total (EPA:TTEF) loans and leases grew slightly to $14.1 billion, while deposits increased 1.8% to $21.0 billion compared to the end of 2024.
The bank’s asset quality remained solid, with non-performing assets declining to $17.5 million from $19.3 million in Q4 2024.
Despite the earnings beat, Bank of Hawaii’s stock declined 2.15% following the report, suggesting investors may have been looking for even stronger results or guidance.
The company’s Board of Directors declared a quarterly cash dividend of $0.70 per share, payable on June 13, 2025 to shareholders of record as of May 30, 2025.
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