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Bank of Hawaii (BOH) Reports Q4 Earnings: What Key Metrics Have to Say
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For the quarter ended December 2023, Bank of Hawaii (BOH - Free Report) reported revenue of $158.07 million, down 13.1% over the same period last year. EPS came in at $0.72, compared to $1.50 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $161.03 million, representing a surprise of -1.84%. The company delivered an EPS surprise of -19.10%, with the consensus EPS estimate being $0.89.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
Efficiency Ratio: 73.4% versus 63.6% estimated by three analysts on average.
Average Balance - Total interest earning assets: $21.80 billion versus the three-analyst average estimate of $22.04 billion.
Net Interest Margin: 2.1% versus the three-analyst average estimate of 2.2%.
Net charge-offs to average loans: 0.1% versus 0% estimated by two analysts on average.
Total Non-Accrual Loans and Leases: $9.65 million versus $11.70 million estimated by two analysts on average.
Total Non-Performing Assets: $11.75 million versus the two-analyst average estimate of $12.74 million.
Net Interest Income (FTE): $116.40 million compared to the $120.13 million average estimate based on three analysts.
Annuity and Insurance: $1.27 million versus $1.15 million estimated by three analysts on average.
Bank-Owned Life Insurance: $3.18 million versus the three-analyst average estimate of $2.69 million.
Trust and Asset Management: $11.14 million versus $10.46 million estimated by three analysts on average.
Mortgage Banking: $1.02 million compared to the $0.95 million average estimate based on three analysts.
Net Interest Income: $115.79 million versus the three-analyst average estimate of $119.68 million.
Shares of Bank of Hawaii have returned -6.2% over the past month versus the Zacks S&P 500 composite's +1.6% 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 Q4 Earnings: What Key Metrics Have to Say
For the quarter ended December 2023, Bank of Hawaii (BOH - Free Report) reported revenue of $158.07 million, down 13.1% over the same period last year. EPS came in at $0.72, compared to $1.50 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $161.03 million, representing a surprise of -1.84%. The company delivered an EPS surprise of -19.10%, with the consensus EPS estimate being $0.89.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
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:
- Efficiency Ratio: 73.4% versus 63.6% estimated by three analysts on average.
- Average Balance - Total interest earning assets: $21.80 billion versus the three-analyst average estimate of $22.04 billion.
- Net Interest Margin: 2.1% versus the three-analyst average estimate of 2.2%.
- Net charge-offs to average loans: 0.1% versus 0% estimated by two analysts on average.
- Total Non-Accrual Loans and Leases: $9.65 million versus $11.70 million estimated by two analysts on average.
- Total Non-Performing Assets: $11.75 million versus the two-analyst average estimate of $12.74 million.
- Net Interest Income (FTE): $116.40 million compared to the $120.13 million average estimate based on three analysts.
- Annuity and Insurance: $1.27 million versus $1.15 million estimated by three analysts on average.
- Bank-Owned Life Insurance: $3.18 million versus the three-analyst average estimate of $2.69 million.
- Trust and Asset Management: $11.14 million versus $10.46 million estimated by three analysts on average.
- Mortgage Banking: $1.02 million compared to the $0.95 million average estimate based on three analysts.
- Net Interest Income: $115.79 million versus the three-analyst average estimate of $119.68 million.
View all Key Company Metrics for Bank of Hawaii here>>>Shares of Bank of Hawaii have returned -6.2% over the past month versus the Zacks S&P 500 composite's +1.6% 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.