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Bank of Hawaii (BOH) Reports Q3 Earnings: What Key Metrics Have to Say
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For the quarter ended September 2023, Bank of Hawaii (BOH - Free Report) reported revenue of $171.27 million, down 0.6% over the same period last year. EPS came in at $1.17, compared to $1.28 in the year-ago quarter.
The reported revenue represents a surprise of +7.21% over the Zacks Consensus Estimate of $159.75 million. With the consensus EPS estimate being $0.96, the EPS surprise was +21.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bank of Hawaii performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Net Interest Margin: 2.1% versus the three-analyst average estimate of 2.1%.
Efficiency Ratio: 61.7% compared to the 65.1% average estimate based on three analysts.
Average Balance - Total interest earning assets: $22.71 billion compared to the $22.97 billion average estimate based on three analysts.
Total Non-Performing Assets: $11.52 million versus $13.42 million estimated by two analysts on average.
Total Non-Accrual Loans and Leases: $10.48 million compared to the $12.35 million average estimate based on two analysts.
Net charge-offs to average loans: 0.1% versus 0% estimated by two analysts on average.
Fees Exchange and Other Service Charges: $13.82 million versus $14.21 million estimated by three analysts on average.
Net Interest Income: $120.94 million compared to the $118.21 million average estimate based on three analysts.
Trust and Asset Management: $10.55 million compared to the $11.22 million average estimate based on three analysts.
Mortgage Banking: $1.06 million versus $1.02 million estimated by three analysts on average.
Service Charges on Deposit Accounts: $7.84 million versus the three-analyst average estimate of $7.70 million.
Net Interest Income (FTE): $121.40 million versus the three-analyst average estimate of $118.63 million.
Shares of Bank of Hawaii have returned -6% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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Bank of Hawaii (BOH) Reports Q3 Earnings: What Key Metrics Have to Say
For the quarter ended September 2023, Bank of Hawaii (BOH - Free Report) reported revenue of $171.27 million, down 0.6% over the same period last year. EPS came in at $1.17, compared to $1.28 in the year-ago quarter.
The reported revenue represents a surprise of +7.21% over the Zacks Consensus Estimate of $159.75 million. With the consensus EPS estimate being $0.96, the EPS surprise was +21.88%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Bank of Hawaii performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 2.1% versus the three-analyst average estimate of 2.1%.
- Efficiency Ratio: 61.7% compared to the 65.1% average estimate based on three analysts.
- Average Balance - Total interest earning assets: $22.71 billion compared to the $22.97 billion average estimate based on three analysts.
- Total Non-Performing Assets: $11.52 million versus $13.42 million estimated by two analysts on average.
- Total Non-Accrual Loans and Leases: $10.48 million compared to the $12.35 million average estimate based on two analysts.
- Net charge-offs to average loans: 0.1% versus 0% estimated by two analysts on average.
- Fees Exchange and Other Service Charges: $13.82 million versus $14.21 million estimated by three analysts on average.
- Net Interest Income: $120.94 million compared to the $118.21 million average estimate based on three analysts.
- Trust and Asset Management: $10.55 million compared to the $11.22 million average estimate based on three analysts.
- Mortgage Banking: $1.06 million versus $1.02 million estimated by three analysts on average.
- Service Charges on Deposit Accounts: $7.84 million versus the three-analyst average estimate of $7.70 million.
- Net Interest Income (FTE): $121.40 million versus the three-analyst average estimate of $118.63 million.
View all Key Company Metrics for Bank of Hawaii here>>>Shares of Bank of Hawaii have returned -6% over the past month versus the Zacks S&P 500 composite's -4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.